Dallas, TX (PRWEB) November 24, 2013
The Global IVS market in the Retail industry is witnessing the increased adoption of intelligent IP video surveillance among end-users. The advent of wireless IP cameras has further fuelled this adoption. The intelligent IP video surveillance systems allow the cameras to be installed anywhere and reduce the need for complicated proprietary hardware and dedicated monitors. Furthermore, these systems can be operated from a centralized server/control room, which, in turn, enables high level surveillance with less people. These systems can scale easily from one to an unlimited number of cameras and can be accessed through any authorized computer/laptop or any other devices with an internet connection. These factors are propelling the demand for intelligent IP video surveillance, which, in turn, will contribute revenue to the Global IVS market in the Retail industry (http://www.reportsnreports.com/reports/270691-global-intelligent-video-surveillance-market-in-the-retail-industry-2012-2016.html) during the forecast period.
Analysts forecast the Global Intelligent Video Surveillance market in the Retail industry to grow at a CAGR of 27.12 percent over the period 2012-2016. According to the report, the Global IVS market in the Retail industry is driven by many growth factors, one of which is increasing retail shrinkage. Retailers across the world are facing loss of revenue due to increasing retail thefts. The resulting loss in revenue is not only affecting their profitability but also resulting in increased expenditure on security measures.
Further, the report states that the Global IVS market in the Retail industry is confronted by some major growth inhibitors. The need for the high initial investment cost of IVS systems is one of the major challenges confronted by the Global IVS market in the Retail industry. Although the prices of IVS components are decreasing, still, their implementation requires a huge initial investment.
The Global IVS market in the Retail industry is highly fragmented. The market is witnessing intensifying competition among the existing vendors and the new entrants. The intense competition and the declining profit margins constitute significant risk factors in the vendors' operations. The key vendors dominating this market space are Axis Communication AB, Robert Bosch GmbH, Hikvision Digital Technology Co. Ltd., and Panasonic Corp.
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The Global Intelligent Video Surveillance Market in the Retail Industry 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Intelligent Video Surveillance market in the Retail industry landscape and its growth prospects in the coming years.
The report recognizes the following companies as the key players in the Global Intelligent Video Surveillance Market in the Retail Industry: Axis Communications AB, Hikvision Digital Technology Co. Ltd., Panasonic Corp., and Robert Bosch GmbH.
Other vendors mentioned in the report are Sony Electronics Inc., ACTi Corp., Avigilon Corp., Arecont Vision LLC, Cisco Systems Inc., Exacq Technologies Inc., H3C Technologies Co. Ltd, Genetec Inc., March Networks Corp., MACROSCOP, Milestone Systems A/S, Mobotix AG, NICE Systems Inc., Samsung Techwin Co. Ltd., Schneider Electric S.A., 3i-MIND Inc., and 3xLOGIC Inc.
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