Global Video surveillance Market

Video Surveillance Market Size, Share, Growth Analysis, By Offering(Hardware, Software, and Services), By System(Analog Video Surveillance Systems, IP Video Surveillance Systems, and Hybrid Video Surveillance Systems), By Vertical(Commercial, Military & Defense, Infrastructure, Public Facilities), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45A2132 | Region: Global | Published Date: August, 2024
Pages: 197 | Tables: 63 | Figures: 75

Video Surveillance Market Dynamics

Global Video surveillance Market Drivers

Popularity of Body-Cams 

  • Body-worn cameras have become highly popular among first responders and law enforcement agencies as they enhance surveillance and improve workforce protection as well. Real-time monitoring of employees can also be done efficiently using body cameras thereby driving video surveillance market growth.  

Growing Crime Rates 

  • Crime rates and incidents are increasing rampantly around the world and this is calling for better video surveillance solutions. Efforts of governments and law enforcement agencies to improve security of citizens are also expected to bolster the demand for video surveillance around the world going forward.  

Restraints 

Privacy Concerns 

  • Pervasive usage of video surveillance is a major restraint that is slowing down video surveillance market growth. Misuse of video surveillance systems by authorities or security personnel for malicious activities is fueling privacy concerns among people and thereby slowing down video surveillance adoption.  

High Initial and Maintenance Costs 

  • The cost of installing and maintaining surveillance cameras is quite heavy on the pockets of organizations and individuals. These high costs come in the form of capital and human resources thereby impeding video surveillance demand outlook on a global level.
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Global Video Surveillance Market size was valued at USD 48.19 Billion in 2022 and is poised to grow from USD 52.68 Billion in 2023 to USD 107.31 Billion by 2031, at a CAGR of 9.3% during the forecast period (2024-2031).  

Launching new video surveillance equipment will be a key trend among market players. Integrating advanced technologies and analytics to enhance security will also be a key strategy for video surveillance companies going forward. Acquisitions and mergers will help video surveillance market players enhance their global market share. Development of better video cameras will be a trend that will never go out of style.  'Hangzhou Hikvision Digital Technology Co., Ltd. (China)  ', 'Zhejiang Dahua Technology Co., Ltd. (China)   ', 'Bosch Security Systems, LLC (Germany)  ', 'Hanwha Vision Co., Ltd. (South Korea)  ', 'Teledyne Technologies Incorporated (US)  ', 'Honeywell International Inc. (US)  ', 'I-PRO Co., Ltd. (Japan)  ', 'Huawei Technologies Co., Ltd. (China)  ', 'Zhejiang Uniview Technologies Co., Ltd. (China)   ', 'CP PLUS International (India)  ', 'Genetec Inc. (Canada)  ', 'Corsight AI (Israel)  ', 'NEC Corporation (Japan)  ', 'NICE (Israel)  ', 'Tiandy Technologies Co., Ltd. (China)  ', 'VIVOTEK Inc. (Taiwan)  ', 'MOBOTIX AG (Germany)  ', 'Morphean SA (Switzerland)  ', 'Verkada Inc. (US)  ', 'Camcloud (Canada)  ', 'Ivideon (Russia)'

Body-worn cameras have become highly popular among first responders and law enforcement agencies as they enhance surveillance and improve workforce protection as well. Real-time monitoring of employees can also be done efficiently using body cameras thereby driving video surveillance market growth.  

Integration of Video Analytics: Surveillance using cameras integrated with intelligent analytics facilitates early detection and identification of criminal events thereby improving overall security potential. Crowd detection, people-counting, facial recognition, automated number plate detection, and other technologies can also be used with video analytics to improve market growth potential.  

Asia Pacific region is expected to dominate the global video surveillance market. Rising emphasis on improving public safety and growing frequency of crimes are projected to primarily augment the demand for video surveillance in this region. India, China, and Japan are slated to be the forefront of video surveillance market growth in the Asia Pacific region. Launch of new safety and security initiatives coupled with high availability and acceptance of advanced video surveillance systems will also create new opportunities for market players in the future. 

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Global Video surveillance Market

Report ID: SQMIG45A2132

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