Wireless Monitoring and Surveillance Market, by Component (Hardware, Software, Services), Type (Wireless Security Monitoring System), Connectivity (Wi-Fi, Bluetooth/BLE, Z-Wave, Cellular/LTE), End-User (Healthcare, Security) - Forecast till 2030

Wireless Monitoring and Surveillance Market Overview

Wireless Monitoring and Surveillance has been ruling the network industry for more than a decade now. Monitoring, capturing videos, keeping track is all part of surveillance. Earlier this was done at ground level but now with the high-speed internet access at our hands at a very cheap cost, Wireless Monitoring and Surveillance has spread over a wide area. We can keep track of people, packages, orders, etc. with this wireless technology. Banks, corporate offices, homes are all using surveillance for security and tracking purposes. Wireless communication and monitoring are faster now because of the rapid increase of wireless and device-in-built Wi-Fi. Cheaper installation of devices due to increased market and data sharing of data over the remote location using the wireless network has increased transmission speed is boon to the world given by Wireless Monitoring and Surveillance.

With increased technology there comes increased faulty cases as well, misinterpretation of signals, distorted videos because of network glitch or interruption of internet, power cuts, system error because of firewall failure are main disadvantages. But all the tech companies are working towards increased tolerance towards technology failures. Companies like Bluetooth low energy, Zigbee have advanced in providing an efficient solution for wide range throughput, communication, and transmission of data over the world with fewer chances of failure with connecting different devices from a remote location over a common network. The current Wireless Monitoring and Surveillance Market Forecast predicts a CAGR of more than 15.82% by 2030.

COVID-19 Analysis:

COVID-19 has had the world on footfall. With the world coming to a standstill Wireless Monitoring and Surveillance have been a sign of relief for many industries. Everyone is locked in their home due to the communicable virus spread making it difficult to track many aspects of the world’s business. With security at threat Wireless Monitoring and Surveillance Market Analysis shows that companies have benefited in terms of work from ethics. With people being comfortable in their workspaces at home Wireless Monitoring and Surveillance has made progress in capturing and securing companies’ data in this difficult time. Synchronized devices like mobile phones, webcams, laptops, and other devices are connected through one common source of Wi-Fi making cloud storage of our data hence giving companies especially dealing with banks, police departments, etc. data handling companies a sigh of relief. With the increased demand for touch-free communication while sharing data Wireless Monitoring and Surveillance is here to stay dominating the global market.

Market Dynamics:

Opportunities:

Wireless Monitoring and Surveillance Market Size has opened doors globally for many low-laying regional and high-end countries in developing and selling wireless networks for monitoring and surveillance purposes. Cisco Systems, Honeywell, Bosch Security Systems, Panasonic has created healthy competition at a global level which has impacted the domestic and international market.

Challenges:

Maintaining a high quality of service and providing premium industry standards as per Wireless Monitoring and Surveillance Market competitors is a major challenge in the wireless communicating industry. Increasing network traffic by attracting more customers for companies is every company’s goal. But with increased traffic comes the concern of continual access to the wireless network. As the bandwidth of consumers increases, they require high-speed internet which could be hampered if optimal bandwidth is not available. To maintain competition many companies, offer Wireless Monitoring and Surveillance facilities at a lower cost but jeopardizing the quality of service thus hampering the security of companies. Handling the high demand can also raise an increased price for high-level technologies.

Value Chain Analysis:

The traditional method of Monitoring and Surveillance was sited more in regional areas limited to corporate sectors but with the introduction of the internet and Wi-Fi monitoring, and surveillance has spread globally through wireless means. With high-resolution cameras available in our phones, iPad, laptops, etc. monitoring has become easier and convenient on our own devices. Installing cameras for homes and offices has become easier with the reduction in device size and the least number of wires from big routers to mini modems and Wi-Fi dongles. Business intelligence in tracking and recording the data collected from Wireless Monitoring and Surveillance Reports has reduced human error in calculating threats to the organization. This has attracted many customers to even pay a higher rate when security and integrity of data are concerned. Samsung, iControl Inc., Anneke security are top market leaders providing safe services throughout the globe.

Segment Overview:

By Type:

Wireless Monitoring and Surveillance has its hands in all departments from video monitoring to picture systems. Majorly Wireless Monitoring and Surveillance is segmented into the corporate monitoring system, video monitoring, security system, and personal monitoring.

By Technology:

Wireless Monitoring takes in the analog signals from the customers and converts them into human recognizable digital systems. These transmit in the form of waves depending on the area of use i.e., personal, or global hence, making use of technology to the maximum level.

By Service:

Bluetooth and Wi-Fi have been dominant in Wireless Monitoring and Surveillance Market. But cellular data on mobiles, Z-Wave, Zigbee have a promising future in near future.

Regional Analysis:

Wireless Monitoring and Surveillance Market Research Analysis based on the quality and quantity of services provided has rated Northern states of America on top of the global list. Europe, Asia Pacific, networks like Japan, and Africa have reported an increase in Wireless Monitoring and Surveillance attracting the market to use this technology on a larger scale. Wi-Fi being the prominent part of wireless networks has taken over the remote locations of the world which were once hard to reach. The wireless market is expected to grow ford prosper as predicted in the forecast stating that wireless networks with being revolutionized in terms of monitoring and surveillance by the year 2023.

Competitive Landscape:

With the increased demand for Wireless Monitoring and Surveillance, smaller companies have acquired a major stake in the market of big industries. From installing CCTV cameras on roads for traffic police monitoring help to CCTV in corporate offices, schools, hospitals, etc. has had a huge impact on the companies around. With America leading the world in providing high-tech continual services have made Japan, China, Asia-Pacific, and Europe have accomplished advancements in many cities by having introduced IP tracking of the devices and storing that data on the cloud and using when required.

Recent Development:

On Mar. 07, 2022, GL Communications Inc., a leading global provider of telecom test and measurement solutions, launched a centralized network monitoring and surveillance system, NetSurveyorWeb, for IP, wireless, and TDM networks. The new system can record and playback phone calls while filtering calls of interest. The surveillance system can store, retrieve, query & report, and display Call Detail Records (CDRs) by connecting to TDM, analog, and optical/IP networks.

On Feb. 02, 2023, SimpliSafe, a leading provider of innovative home security systems, announced the availability of a breakthrough monitoring technology to revolutionize professional monitoring and emergency response. This revolutionary professional monitoring innovation will help professional monitoring agents control crimes in real-time, enabling them to see and speak to intruders during an alarm event. The home security company also launched a Beta testing program with 24/7 live guard protection and monitoring innovation enabled by a new wireless indoor camera.

On May 09, 2022, Vihaan Networks Limited (VNL), a leading manufacturer of telecommunication equipment in India, announced the development of a wireless intrusion detection system, PIDS, to help security forces maintain surveillance at borders. The PIDS wireless system is equipped with a number of intelligence, surveillance, and reconnaissance solutions that enable real-time remote monitoring and control over critical locations.

The telecom enabler indigenously develops end-to-end telecom infrastructure products, as well as tactical communications, wireless signal intelligence, surveillance, and reconnaissance solutions. The company designs and manufactures its portfolio of GSM, LTE, and broadband network solutions for commercial purposes. The new wireless intrusion detection system will help security forces maintain surveillance through real-time remote monitoring to counter infiltration into Jammu and Kashmir.

On Oct.06, 2020, Resideo Technologies, Inc. (the US), a leading provider of home comfort and security solutions, announced the availability of its Honeywell Home ProSeries Security and Smart Home Platform. The ProSeries Platform is an entry-level security system to a fully integrated smart home solution offering an end-to-end solution for residential and small businesses.

The new ProSeries Platform offers a uniquely scalable, modular design and includes an all-in-one wireless security panel, combining three critical elements – security, fire safety, and smart home control.

Report Overview:

As per the Wireless Monitoring and Surveillance Market Report Analysis, we have studied the data coverage leading the growth of traditional monitoring methods to wireless methods. The current Wireless Monitoring and Surveillance Market Forecast predicts a CAGR of more than 16.85% by 2023. We have witnessed many high-end companies taking over the surveillance industries in terms of equipment, high-resolution video monitoring and capturing, security systems, etc. Texas Inc (US), Cisco Systems (US), Axis Communication (Sweden), Sony Enterprises (Japan) have promised a bright future locally and globally. The government has played important role in globally activating Wireless Monitoring and communicating across rural and urban regions. COVID-19 although a setback to the world has proven beneficial in terms of Wireless Monitoring and Surveillance systems due to the increased demand of the health-care industry, corporate offices, and personal uses using mobile networks in location sharing, HD video resolution, cellular framework. The regional and global market is expected to have a wide range of wireless networks to choose from with increased demand.