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 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).  

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.