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 Insights

Video Surveillance Market size was valued at USD 52.68 Billion in 2023 and is poised to grow from USD 57.58 Billion in 2024 to USD 117.29 Billion by 2032, growing at a CAGR of 9.3% during the forecast period (2025-2032).

Rapidly increasing crime rates around the world and the growing need for better security in both public and private settings are projected to primarily augment the demand for video surveillance. The rising number of smart cities around the world, high emphasis on improving public safety, and the availability of advanced video cameras are all promoting the demand for video surveillance around the world. High demand for better security by citizens and the availability of advanced video surveillance solutions and services are also expected to bolster market growth over the coming years. Imposition of strict safety regulations that mandate the use of video surveillance will also create new business scope for video surveillance companies going forward. Integration of artificial intelligence of video analytics are major trends that could significantly boost the adoption of video surveillance in the long run. On the contrary, high initial costs, cybersecurity risks, and privacy concerns are forecasted to slow down video surveillance demand outlook in the future. 

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FAQs

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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