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 2024-2031

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.