Japan physical security market is projected to display a significant growth during the forecast period, where it is expected to reach $7,613.4 million by 2024.
Rising security concerns coupled with upcoming sports events such as Summer Olympics and Asian Games is fueling the growth of physical security market in the country.
The demand for remote access, wireless connectivity, high video resolution, deep learning, AI-enabled facial recognition, and enhanced security capabilities are supporting the growth of IP video surveillance systems in the country. Japan market displayed potential growth in demand for dome IP cameras, followed by bullet IP cameras in public infrastructure and transportation verticals.
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Video surveillance market in the country is primarily led by government & transportation, commercial offices/buildings, BFSI, and retail. Among these, government & transportation category accounted for the highest revenue share in 2018.
Within the overall physical security market in Japan , video surveillance category held the largest revenue share, and is further expected to register the fastest growth during the forecast period as well. Although analog video surveillance category accounted for highest share, however, IP/network video surveillance category is forecast to acquire major share by 2024.
For instance, for the upcoming Olympic games, the government of Japan is investing more on security systems of the country. The Japanese Rail Company is planning to deploy around 22,000 security cameras on metro and railway stations by 2020.
Market Segmentation by Type
- Hardware
- Video surveillance system
- By type
- Analog
- Analog camera
- Digital video recorder (DVR)
- IP/Network
- IP/Network camera
- Network video recorder (NVR)
- Analog
- By type
- Video surveillance system
