Global Video Surveillance

Global Video Surveillance Market Research Report: Forecast (2021-2026)

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 Net Read more

  • ICT & Electronics
  • Feb 2022
  • 222
  • IT66019

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. Additionally, the integration of the Internet of Things (IoT) & Artificial Intelligence (AI) into video surveillance systems is also displaying the increasing popularity of these systems across different end-user industries.

These systems aid security managers to track activities of the people in a targeted location & engage several video cameras in a network. The data generated can be sent to an intermediate network station from where it is controlled, managed, or forwarded for recording & storage purposes. Moreover, video surveillance systems with advanced functionalities are swiftly gaining traction, with their extensive use in smart cities to improve security & provide better facilities to the consumers.

Market Insights

The Global Video Surveillance Market is projected to grow at a CAGR of around 10.4% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the rapidly growing number of terrorist attacks & increasing criminal activities. Hence, to prevent these acts, the demand for video surveillance systems is significantly upsurging worldwide and driving the global market.

Additionally, escalating support from governments of different countries worldwide through massive investments in video surveillance systems to boost national security & enhance the deployment of these systems to ensure public safety shall also augment the market growth during the forecast period. 

Besides, rapid technological advancements like AI, deep learning, and software analytics introducing upgrades & new video surveillance systems with improved hardware capabilities like better camera prospects, enriched features, customized devices, and maturing technology are other crucial aspects projected to augment the market growth.

Moreover, propelling demand for body-work video surveillance systems across industries like retail, healthcare, police & law enforcement administration, etc., are other areas where the market can display steady expansion. Nevertheless, the active participation of governments through initiatives like the construction of smart cities would also present a significant boost to the global market in the coming years. For instance:

  • In June 2015, the government of India launched the Smart Cities Mission 100, aiming to build 100 smart cities in the country by the year 2023. The mission is aimed to drive the economic expansion of the country & enhance the quality of life by harnessing the potential of modern technology. 

Key Trend in the Global Video Surveillance Market

The increasing utilization of technologies like the Internet of Things (IoT) & Artificial Intelligence (AI) in video surveillance systems is bringing greater efficiency in monitoring & detecting movement and determining possible risk factors. It, in turn, is helping governments of different countries worldwide enhance their security systems & build a safer environment for citizens.

Due to such advantages, the deployment of video surveillance systems is rising swiftly to curtail activities like intrusions, robberies, murders, thefts, etc., and reduce the overall crime rate across different regions. With IoT & AI integrated into these systems, security managers receive notifications about the potential threats in real-time that enable them to prevent break-ins or illegal activities beforehand.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 10.4%
Regions Covered North America: USA, Canada
Europe: Germany, UK, France, Italy, Spain
Asia-Pacific: China, India, Japan, South Korea, Australia and Others
South America: Brazil
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled Bosch Security System, HIKVISION Ltd., Honeywell Security Group, FLIR, Panasonic, Dahua Technology, Avigilon, Infinova, Axis Communication, and Pelco
Unit Denominations USD Million/Billion

 

Impact of Covid-19 on the Global Video Surveillance Market

The unfortunate Covid-19 pandemic in 2020 severely impacted the operations & growth of most industries worldwide, where the Global Video Surveillance Market was no exception. Stringent restrictions & lockdowns imposed by governments to reduce the virus spread resulted in several challenges for the market like the unavailability of labor & logistics, declining demand, shut down of manufacturing units. It, in turn, hampered the production & deployment of video surveillance systems and displayed a downfall in the domestic & international distribution of the equipment.

Moreover, with the emergence of the pandemic, the demand for video surveillance systems observed a temporary hike across different regions, principally to detect & prevent the spread of the dreadful disease. Countries like the US & China, amongst the largest producers of video surveillance systems, witnessed maximum fluctuations in the demand & supply amidst the global crisis.

However, the rising geopolitical tensions between the two led to blacklisting Chinese vendors within the US. It was anticipated that these situations would hamper the market growth & the prices of video surveillance systems would strike high. However, small vendors witnessed growth opportunities & participated actively, thereby saving the market amidst the pandemic. 

Nonetheless, the gradual betterment in the pandemic situation has allowed the recommencement of business operations, and the market is expected to create lucrative growth opportunities for the leading players, with product upgrades & new launches arriving in the coming years.

Global Video Surveillance Market Research Report: Forecast (2021-2026)

Market Segmentation

By End-User:

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

Of them all, the Commercial sector acquired the largest share in the Global Video Surveillance Market in recent years, and the same trend is likely to be followed over the forecast years. It owes to the increased adoption of video surveillance systems to address security threats across banks, retail stores, enterprises, and other institutions. Additionally, the capabilities of the 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, etc.

On the other hand, the Industrial sector is anticipated to display substantial market growth during 2021-26. It attributes prominently to the rising security concerns across the manufacturing, construction, & automobile industries on account of the surging incidences of vandalism, thefts, & robbery of raw materials like copper, aluminum, steel, optical fibers, etc.

Furthermore, across the Institutional sector, the immense use of analog security cameras to enhance situational responses & awareness and monitor operations across educational, healthcare, government, & religious buildings is projected to generate significant growth opportunities for the leading market players in the coming years.

By Connectivity Type:

  • Wired
  • Wireless

Of both types of connectivity, the burgeoning demand for wireless video surveillance systems is expected to contribute substantially to the overall growth of the global market during 2021-26. It owes principally to their capabilities 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 Internet of Things, wireless video surveillance cameras can be controlled over an application & integrated with other smart home devices, such as Amazon Alexa, speakers, & smart locks, among others. It, in turn, is another crucial aspect augmenting the adoption of wireless video surveillance systems & fueling the overall market growth.

Regional Landscape

Geographically, the Global Video Surveillance Market is spread across:

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

Of them all, 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 initiatives like smart city projects, especially across countries like China & India, i.e., propelling the demand for video surveillance systems to enhance the security infrastructure.

In Asia-Pacific, China holds the majority market share. In 2020, owing to the Covid-19 pandemic that affected several sectors of the economy, video surveillance vendors played a crucial role in control measures. With enhancements in access to data gathering technologies like facial recognition, intelligent video cameras, & computer monitoring programs, the surveillance market in the country has become more extensive.

On the other hand, India has been undergoing increasing crimes, terrorist acts, communal violence, etc., which is why the Video Surveillance Market has observed significant growth across the country. Moreover, various ongoing & scheduled government projects, including smart cities, citywide monitoring, educational reforms, etc., have also infused the need for high-impact video surveillance systems. Apart from the surging demand for these systems in government projects & industrial developments, they are also being installed extensively in residences, commercial spaces, & transportation services.

Besides, the rapidly growing population across Asia-Pacific is stimulating the development of manufacturing, retail, & other industries and, in turn, infusing the need for surveillance systems to be installed in them. Moreover, the extensive presence of several well-established manufacturers of video surveillance systems entwined with their low costs shall further boost the regional market in the coming years.

On the other hand, North America is anticipated to observe the fastest market growth during the forecast period, primarily due to the active participation of prominent video surveillance system manufacturers & providers across the region and the growing focus of governments of countries like the US & Canada on enhancing national security by adopting robust video surveillance systems.

Across North America, the United States has witnessed a rapid & exponential rise in the demand for effective security & surveillance systems in the past few years, especially after the 9/11 attacks. Police departments in different states have collaborated with the leading manufacturers of video surveillance systems for deploying holistic security solutions to ensure the safety of the residents.

Some states have adopted facial surveillance systems, which is another crucial aspect contributing to the regional market growth. Moreover, the transportation sector is increasingly adopting advanced video surveillance systems for the enhanced safety & security of both daily commuters & tourists.

Recent Developments by Leading Companies

  • In 2020, leading player Axis Communications launched a line of open-platform body-worn cameras based upon open architecture. These are said to be the world’s most flexible cameras.
  • In 2019, Honeywell Commercial Security introduced 30 Series IP Cameras to enhance the safety & security of buildings by providing secure video streams. Being cost-effective, they are apt for small, medium & entry-level enterprises.

Market Dynamics

Key Drivers:

  • Growing Trend of Smart Cities, Integration of Advanced Technologies in Surveillance Systems

Hefty investments by governments worldwide in building smart cities, coupled with the use of technologies like Artificial Intelligence, Cloud Computing, Data Analytics, & the Internet of Things (IoT) in video surveillance systems for facial recognition, real-time data sharing, & closely monitoring public places to reduce road accidents & prevent terrorism, would altogether be driving the Global Video Surveillance Market during 2021-26. Besides, commercial applications like tracking the functioning of power plants, industries, & waste management systems, among others, shall further propel the overall market growth in the coming years.

  • Enhanced Hardware Capabilities of Video Surveillance Devices

New upgrades in surveillance systems with higher resolution capabilities to maintain the quality of images & retain finer details upon magnification are swiftly gaining momentum. Additionally, other features like inbuilt microphones for audio recording with video, low-light performance, internal heating in extremely-cold weather conditions, wireless connectivity, extensive coverage area, etc., are also infusing the overall growth of the Global Video Surveillance Market.

Growth Restraint: Privacy Concerns with Data Gathered

While video surveillance systems help curtail criminal activities & provide security to individuals, they might also violate people's privacy rights. Additionally, the data generated through these systems might show vulnerabilities to data breaches, illegal access by unauthorized personnel, & misuse of personal information. Hence, these factors might act as significant growth restraints for the Global Video Surveillance Market during 2021-26.

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the Global Video Surveillance Market are Bosch Security System, HKVISION Ltd., Honeywell Security Group, FLIR, Panasonic, Dahua Technology, Avigilon, Infinova, Axis Communication, and Pelco.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Video Surveillance Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Video Surveillance Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Video Surveillance Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Video Surveillance Market study?

Market Outlook, Segmentation, and Statistics

  • Impact of COVID-19 on the Global Video Surveillance Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • 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 Size
      • Small
      • Medium
      • Large
    • By Customer Type
      • B2B
      • B2C
    • By Region
      • North America 
        • The US
        • Canada 
      • South America
        • Brazil 
      • Europe 
        • The UK 
        • Germany 
        • France 
      • Asia-Pacific 
        • China
        • South Korea
        • Japan 
      • Middle East & Africa 
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • Global Video Surveillance Market Hotspots & Opportunities
  • Global Video Surveillance Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Video Surveillance Market is projected to grow at a CAGR of around 10.4% during 2021-26.

A. The Commercial Sector is anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Video Surveillance Market during 2021-26.

A. Various initiatives & massive investments by governments of different countries worldwide in building smart cities, coupled with the active participation of leading players toward improving features & hardware capabilities of video surveillance systems, are the prominent growth opportunities anticipated to drive the Global Video Surveillance Market through 2026.

A. In the coming years, the Global Video Surveillance Market would expand on account of several leading players planning to introduce advanced solutions in video surveillance systems for high-quality data collection & ensuring the safety & security of the people.

  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, 2016- 2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      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, 2016-2026F
    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, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    4. Canada Video Surveillance Market Outlook, 2016-2026F
      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, 2016-2026F
    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, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
  14. Europe Video Surveillance Market Outlook, 2016-2026F
    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, 2016-2026F
      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, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    5. France Video Surveillance Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    6. Spain Video Surveillance Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    7. Italy Video Surveillance Market Outlook, 2016-2026F
      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, 2016-2026F
    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, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    4. UAE Video Surveillance Market Outlook, 2016-2026F
      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, 2016-2026F
      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, 2016-2026F
    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, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    4. Japan Video Surveillance Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    5. China Video Surveillance Market Outlook, 2016-2026F
      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, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Component
        2. By End-User
    7. Australia Video Surveillance Market Outlook, 2016-2026F
      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
Global Video Surveillance Market Segmentation