Global Audio Surveillance Market to reach USD 1621.52 million by 2027

Global Audio surveillance Market is valued at approximately USD 5438.26 million in 2019 and is anticipated to grow with a healthy growth rate of more than 16.87% over the forecast period 2020-2027. Nowadays, surveillance is becoming a general practice in several environments, such as stores, agencies, and so on. The audio surveillance solutions help companies to follow with the risk and compliance management obligation, enhance the quality of the operation, and improve the overall efficiency. These solutions often deliver the consumers with impartial audio monitoring as well as assessment solutions and encouraging services to retain the organization’s core exclusively on their fundamental operational activities. In addition, the audio surveillance solutions, in the form of mobile communications monitoring systems, alarm surveillance monitoring, media monitoring, and voice-biometric solutions, have assisted the organizations examine the audio content effectively and continuously to advance better insights among customers. Therefore, the utility of audio surveillance solutions is increased, predominantly in the industrial and commercial sectors. Moreover, the rise in telecom fraudulent activities and cybercrimes, along with surging demand from end-use verticals are the few factors responsible for the CAGR of the market during the forecast period. According to the World Economic Forum, in 2019, cybercrimes are emerged as a top five risks to the global stability. According to the Identity theft resource centre, cybercrime compliant in 2018 was over 351,937 and increased to 467,361 in 2019. Also, the number of data breach in 2018 was 1257 which increased to 1473 in 2019. This, in turn, is likely to strengthen the demand for audio surveillance products, thereby contributing to the market growth around the world. However, the data and information security concern is one of the prime the few factor restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Audio surveillance market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising government projects concerning mass surveillance, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising incidents of data breaches and cybercrime coupled with growing IT and telecom infrastructure across the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the audio surveillance market in the Asia-Pacific region.

Major market player included in this report are:
Axis Communications
KJB Security Products
NICE
MG Electronics
Panasonic
Sony
AKG
Crown Audio
ACTi
Lorex by FLIR.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Audio Monitoring Kits
Base Station
Audio Interface
Mics
Speakers
Voice Recorders
Phone Recorders
Detective Audio
Accessories

By Application:
Individual
Government
Industry
Commercial
Military
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Audio surveillance Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors