Security Cameras Market Size

Security Cameras Market size is expected to cross USD 73 Billion by the end of 2035, growing at a CAGR of 19% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of security cameras was around USD 9.5 Billion. Technology advancements are causing the global security camera market for CCTV cameras to grow. To ensure security against shoplifting, threats, and terrorism, new security camera technology, including 4K cameras, is being deployed in a variety of industries. As of 2023, El Salvador was the deadliest nation in the world for this form of crime, with a murder rate of 52.02 per 100,000 people. The most murderous city at the time was Celaya in Mexico.

As the demand for physical security grows, businesses are using CCTV cameras far more frequently. The desire to improve safety and security across many industries fuels the expansion of the security cameras market. Technology advancements have made video surveillance alternatives more affordable, scalable, and customized than ever before. For instance, 20% of the world's market for physical security is made up of CCTV cameras.