Market Research Report

Global Video Surveillance Market Research Report: Forecast (2024-2030)

Global Video Surveillance Market Report - By Component (Camera, By Type (Fixed Camera, Pan/Tilt/Zoom (PTZ) Cameras, Others (Thermal, Panoramic, etc.)), By Connectivity Type (Wired,...Wireless), By Resolution, (Standard Resolution, Megapixel Network Camera, High-Definition Camera), Monitor (LCD, LED, Others) Software (Video Content Analytics, Video Management Software), Services (Video Surveillance as a Service (VSaaS), Managed Service, Hosted Service, Hybrid Service)), By Media (Hard Disk Drive (HDD), Solid State Drives (SSD), Optical Storage Media), By Technology (Storage Area Network, Direct Attached Storage, Network Video Recorder, Network Attached Storage, Digital Video Recorder, Unified or Hybrid Storage), By Accessories (Cables, Encoders), By End-User (Commercial, Military & Defense, Infrastructure, Residential, Others (Industrial, Institutional)), By Enterprise (Small, Medium, Large), By Customer Type (B2B, B2C), and Other Read more

  • ICT & Electronics
  • Sep 2024
  • 222
  • PDF, Excel, PPT

Market Definition

Video surveillance systems employ cameras used principally for monitoring & surveillance and play a crucial role in ensuring safety & security from remote distances. These surveillance systems are observing extensive utilization across different sectors for multiple applications like traffic monitoring, public safety, vandalism deterrence, internet security systems, parking lots, employee safety, etc.

Market Insights & Analysis: Global Video Surveillance Market (2024-30):

The Global Video Surveillance Market size is valued at around USD 50.5 billion in 2023 and is estimated to grow at a CAGR of around 12.2% during the forecast period, i.e., 2024-30. The market growth is driven primarily by the rapidly growing number of terrorist attacks & increasing criminal activities. Therefore, to prevent these acts, the demand for video surveillance systems is significantly upsurging worldwide & driving the global market.

Report Coverage Details
  Historical Years   2019-22
  Base Years
  2023
  Forecast Years
  2024-30
  Market Value in 2023   USD 50.5 Billion
  CAGR (2024-30)   12.2%
  Leading Region   Asia-Pacific 
  Top Key Players Hikvision, Dahua Technology, Axis Communications, Bosch Security And Safety Systems, Hanwha Techwin, Avigilon, A Motorola Solutions Company, Flir Systems, Honeywell Commercial Security, Panasonic I-Pro Sensing Solutions, Pelco
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Furthermore, the market's growth is being propelled by increased support & collaborations from governments worldwide, with substantial investments in video surveillance systems aimed at enhancing national security & bolstering public safety. For instance:

  • In 2023, Webex announced a partnership with the US government to provide air-gapped cloud deployments, enhancing security for collaborative efforts through modern meeting, chat, and calling experiences via cameras.

 

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In addition to government initiatives, rapid technological advancements, including AI, deep learning, and software analytics, are driving the development of upgraded & innovative video surveillance systems. These systems are characterized by improved hardware capabilities, such as enhanced camera performance, enriched features, customizable devices, and maturing technology, all of which are anticipated to contribute significantly to market growth.

Additionally, there is a growing demand for body-worn video surveillance systems across diverse industries, including retail, healthcare, and law enforcement. These sectors are poised for steady expansion, further bolstering market prospects. Furthermore, companies providing video surveillance services are making strategic investments in AI-driven & future-ready surveillance systems. These AI-powered video analytics systems automate tasks, such as object & facial recognition, allowing human operators to focus on more critical security responsibilities. For instance:

  • In 2023, Eagle Eye Network, based in Austin, secured a substantial USD 100 million investment to advance their AI-enhanced video surveillance technology & expand their workforce.

These substantial investments & ongoing developments in the Video Surveillance Market, aimed at bolstering surveillance capabilities & uncovering subtle security threats like unauthorized access or abandoned items, are poised to drive the demand for video surveillance solutions in the market in the coming years.


Global Video Surveillance Market Research Report: Forecast (2024-2030)

Global Video Surveillance Market Driver:

Rising Construction of Smart Cities Driving the Market Growth – The burgeoning development of smart cities on a global scale has been driving demand for video surveillance services since the historical period. Governments across the globe have made substantial investments to construct these smart urban centers, harnessing the power of cutting-edge technologies such as Artificial Intelligence, Cloud Computing, Data Analytics, and the Internet of Things (IoT) within video surveillance systems.

These advancements are facilitating functions like facial recognition, real-time data sharing, and vigilant monitoring of public spaces, contributing to the reduction of road accidents & counterterrorism efforts. Consequently, this synergy of investments & advanced technology deployment is poised to drive the Global Video Surveillance Market from 2024 to 30.

Global Video Surveillance Market Opportunity:

Government-led Surveillance Initiatives to Create Opportunistic Arena for Video Surveillance Companies – The increasing inclination of governments to embrace & integrate surveillance cameras within public areas presents a promising opportunity for the leading companies in the Video Surveillance Market during the forecast period. This shift is primarily driven by the surge in criminal activities observed in many countries, particularly in medium & advanced-income nations.

Governments in countries, such as India, the US, and others are increasingly motivated to deploy surveillance cameras to monitor activities in public spaces like subways, airports, roadways, and many more. Hence, this heightened governmental interest is expected to generate a growing demand for video surveillance solutions in the coming years. As a result, these governmental initiatives & investments across various countries are destined to create favorable prospects for video surveillance service providers in the foreseeable future.

Global Video Surveillance Market Challenge:

Privacy Concerns to Impede the Market Growth – While video surveillance systems play a crucial role in deterring criminal activities & enhancing security, it's essential to acknowledge their potential to intrude on individuals' privacy rights. The vast amount of data generated by these systems carries the risk of vulnerabilities, including data breaches, unauthorized access by individuals without proper clearance, and the potential misuse of personal information. Consequently, these factors could serve as substantial constraints on the expansion of the Global Video Surveillance Market during 2024-2030.

Global Video Surveillance Market Trend:

IoT & AI Transforming Security Through Video Surveillance Systems – The increasing integration of cutting-edge technologies like the Internet of Things (IoT) & artificial intelligence (AI) into video surveillance systems is revolutionizing monitoring & risk assessment, driving a rapid surge in the deployment of these systems. Their efficiency in curbing criminal activities such as intrusions, robberies, murders, and thefts, along with the subsequent reduction in overall crime rates across diverse regions, is fueling the demand for AI & IoT-integrated video surveillance solutions.

In response to this burgeoning demand, numerous video surveillance providers such as Axis Communication, HIkivision, and others are collaborating & investing in these advanced technologies to offer avant-garde systems, hence contributing to enhancing the Video Surveillance Market size.

Global Video Surveillance Market (2024-30): Segmentation Analysis

The Global Video Surveillance Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the global, regional, and national levels. In accordance to the analysis, the market has been further classified as:

Based on Connectivity Type:

  • Wired
  • Wireless

Burgeoning demand for the Wireless segment is expected to contribute substantially to the overall growth of the Global Video Surveillance Market during 2024-30. It owes principally to its capability to easily connect with a remote system over Wi-Fi or Bluetooth for monitoring & surveillance purposes. The adoption of wireless webcams is rising substantially across the residential sectors to enhance home security while streaming live through smartphones connected to the internet.

Moreover, with the increasing utilization of the IoT, wireless video surveillance cameras can be controlled over an application & integrated with other smart home devices, such as Amazon Alexa, speakers, and smart locks, among others. It, in turn, is another crucial aspect augmenting the adoption of wireless video surveillance systems, further fueling the overall market growth.

Based on End User:

  • Commercial
  • Military & Defence
  • Infrastructure
  • Residential
  • Others (Industrial, Institutional)

The Commercial sector acquired the largest share of the Global Video Surveillance Market in the past years, and the same trend is predicted to be followed over the forecast years as well. This is due to the increasing adoption of video surveillance systems to address security threats across banks, retail stores, enterprises, and other institutions.

The capabilities of video surveillance systems to monitor instances of security breaches like unauthorized access, robbery, inventory loss, etc., are playing a crucial role in augmenting the market growth across commercial spaces like shopping malls, retail businesses, and several others.

Global Video Surveillance Market (2024-30): Regional Projections

Geographically, the Global Video Surveillance Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Asia-Pacific is projected to acquire the largest market share during the forecast period. It owes principally to the active participation of the governments through numerous initiatives & projects like smart cities, citywide monitoring systems, and educational reforms, especially across countries like China & India. The regional market is further bolstered by favorable government initiatives, such as China's policies encouraging the adoption of video surveillance in public spaces like schools & hospitals.

Additionally, within the Asia Pacific region, India witnessed a substantial rise in various criminal activities, including acts of terrorism & communal violence. Hence, this has generated potential demand for video surveillance systems across the country.

Besides, beyond government projects & industrial applications, these systems are also being extensively deployed in residential areas, commercial spaces, and transportation services, which is also aiding in enhancing the Video Surveillance Market size in the years ahead.

Global Video Surveillance Industry Recent Development:

  • 2023: Hikivision launched its five New ColorVu cameras, including an LPR Dome & Camera/DVR kits. These new cameras include panoramic, turret, and bullet models to cover the widest range of application needs.
  • 2022: Dahua Technology announced to launch of a Three-in-One Camera (TiOC) for its North America market. With warm-light LEDs, an active alarm with red and blue flashing lights, and two-way talk, the TiOC helps security operators take a proactive approach and stop incidents before they occur.

Gain a Competitive Edge with Our Global Video Surveillance Market Report

  • Global Video Surveillance Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Global Video Surveillance Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

*Reports Delivery Format  Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

Frequently Asked Questions

   A. The Video Surveillance Market is expected to grow at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2030.

   A. The rising construction of smart cities to drive the Video Surveillance Market during 2024-30.

   A. The top players in the Video Surveillance Market are Hikvision, Dahua Technology, Axis Communications, Bosch Security and Safety Systems, Hanwha Techwin, Avigilon, A Motorola Solutions Company; Flir Systems, Honeywell Commercial Security, Panasonic I-Pro Sensing Solutions, Pelco, etc.

   A. Commercial sector held for the largest share of the Video Surveillance Market.

   A. Asia-Pacific would present growth prospects in the Video Surveillance Market during 2024-30.

   A. The transformation of security through IoT & AI is the key trend shaping the growth of the Video Surveillance Market

   A. The government led surveillance initiatives are the growth opportunities driving the Video Surveillance Market during the forecast period.

Video Surveillance Market Research Report (2024-2030) - Table of Contents

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Video Surveillance Market
  5. Global Video Surveillance Market Trends & Insights
  6. Global Video Surveillance Market Start Up Ecosystem
    1. Entrepreneurial Activity
    2. Year on Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
  7. Global Video Surveillance Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  8. Global Video Surveillance Market Hotspots & Opportunities
  9. Global Video Surveillance Market Supply Chain Analysis
  10. Global Video Surveillance Market Regulations & Policy
  11. Global Video Surveillance Market Outlook, 2019- 2029F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Component
        1. Camera
          1. By Type
            1. Fixed Camera
            2. Pan/Tilt/Zoom (PTZ) Cameras
            3. Others (Thermal, Panoramic, etc.)
          2. By Connectivity Type
            1. Wired
            2. Wireless
          3. By Resolution
            1. Standard Resolution
            2. Megapixel Network Camera
            3. High Definition Camera
      2. By Monitor
        1. LCD
        2. LED
        3. Others
      3. By Software
        1. Video Content Analytics
        2. Video Management Software
      4. By Services
        1. Video Surveillance as a Service (VSaaS)
          1. Managed Service
          2. Hosted Service
          3. Hybrid Service
      5. By Media
        1. Hard Disk Drive (HDD)
        2. Solid State Drives (SSD)
        3. Optical Storage Media
      6. By Technology           
        1. Storage Area Network
        2. Direct Attached Storage
        3. Network Video Recorder
        4. Network Attached Storage
        5. Digital Video Recorder
        6. Unified or Hybrid Storage
      7.  By Accessories
        1. Cables
        2. Encoders
      8. By End User
        1. Commercial
        2. Military & Defense
        3. Infrastructure
        4. Residential
        5. Others (Industrial, Institutional)
      9. By Enterprise Size
        1. Small
        2. Medium
        3. Large
      10. By Customer Type
        1. B2B
        2. B2C
      11. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      12. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  12. North America Video Surveillance Market Outlook, 2024-2030F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Component
      2. By Media
      3. By Technology
      4. By End-User
      5. By Enterprise Size
      6. By Customer Type
      7. By Country
        1. The US
        2. Canada
    3. The US Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    4. Canada Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
  13. South America Video Surveillance Market Outlook, 2024-2030F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Component
      2. By Media
      3. By Technology
      4. By End-User
      5. By Enterprise Size
      6. By Customer Type
      7. By Country
        1. Brazil
    3. Brazil Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
  14. Europe Video Surveillance Market Outlook, 2024-2030F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Component
      2. By Media
      3. By Technology
      4. By End-User
      5. By Enterprise Size
      6. By Customer Type
      7. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. Italy
        6. Others
    3. Germany Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    4. The UK Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    5. France Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    6. Spain Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    7. Italy Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
  15. Middle East & Africa Video Surveillance Market Outlook, 2024-2030F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Component
      2. By Media
      3. By Technology
      4. By End-User
      5. By Enterprise Size
      6. By Customer Type
      7. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Others
    3. Saudi Arabia Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    4. UAE Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    5. South Africa Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
  16. Asia Pacific Video Surveillance Market Outlook, 2024-2030F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Component
      2. By Media
      3. By Technology
      4. By End-User
      5. By Enterprise Size
      6. By Customer Type
      7. By Country
        1. India
        2. China
        3. Japan
        4. South Korea
        5. Auralia
        6. Others
    3. India Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    4. Japan Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    5. China Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    6. South Korea Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    7. Australia Video Surveillance Market Outlook, 2024-2030F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
  17. Key Strategic Imperatives for Success and Growth
  18. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Hikvision
      2. Dahua Technology
      3. Axis Communications
      4. Bosch Security And Safety Systems
      5. Hanwha Techwin
      6. Avigilon, A Motorola Solutions Company
      7. Flir Systems
      8. Honeywell Commercial Security
      9. Panasonic I-Pro Sensing Solutions
      10. Pelco
  19. Disclaimer


Video Surveillance Market Segmentation