Video Surveillance Market Size & Share, by Type (Box Camera, Dome, Bullet, PTZ, IP, Day/Night, Thermal Camera, Wireless IP Camera); Application (Institutional, Residential, Commercial, Industrial, Border Security, City Infrastructure); Components (Hardware, Software, Video Surveillance as a Service); Technology (Hybrid, IP); Storage (NVR, DVR, Hybrid) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 100
  • Published Date: Sep 04, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Video Surveillance Market size is anticipated to surpass USD 122 Billion by the end of 2035, growing at a CAGR of 12.5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of video surveillance was around USD 49 Billion. The growth can be primarily accredited to the increasing rate of crime incidents. The United States had a violent crime rate of 395.7 incidents per 100,000 people in 2021.

The deployment of IP security cameras in the government sector has increased the demand for video surveillance. In order to enhance community safety and an alternative response framework, 40% of police agencies will reportedly use digital technologies by 2022, according to an estimation by the International Data Corporation (IDC).


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Video Surveillance Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Urbanization – People have been gravitating toward residing and working in cities more recently. This trend has significantly boosted the movement of individuals from rural to urban areas. The World Economic Forum estimated that by 2050, 80% of the world's population—up from the present 55%—will live in urban regions.
  • Increasing Awareness for Security – Installation of surveillance systems gives commercial and residential inhabitants a sense of security; as a result, there has been a notable increase in the usage of these surveillance cameras. Around 775 million security cameras were installed globally in 2019.
  • Surge in Big Data – Every minute, a sizeable amount of data is generated and added to the data that has previously been gathered. Big Data is produced as a result of the increase in the volume, speed, and variety of data being gathered. As a result, it is anticipated that the market for video surveillance will expand faster.

Challenges

  • Necessity of High-Capacity Storage Systems – The demand for more storage has grown as a result of high-resolution cameras and the necessity for longer video retention times. Therefore, there is a need for storage systems that are specifically created to meet the requirements of contemporary video surveillance requirements. This includes having the capacity to control the retention of high-resolution video, having tested high throughput capacities, and being able to scale up and down with ease to suit changing retention requirements. These factors may hamper the market growth.
  • High Cost of Surveillance Cameras
  •  Insufficiently trained staff to manage security cameras

Video Surveillance Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 12.5%

Base Year Market Size (2022)

 ~ USD 49 Billion

Forecast Year Market Size (2035)

 ~ USD 122 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Video Surveillance Segmentation

Components (Hardware, Software, Video Surveillance as a Service (VSaaS))

During the projection period, the hardware segment in the video surveillance market is anticipated to hold the greatest share of about 60%. The demand for hardware is linked to the fact that hardware accounts for more than 65% of a video surveillance system's overall cost. Many hardware-based advances that offer greater low-light performance, object tracking, and built-in security have been made possible by the industry shift toward IP cameras. These elements are fuelling market expansion.

Type (Box Camera, Dome, Bullet, PTZ, IP, Day/Night, Thermal (FLIR) Camera, Wireless IP Camera)

Wireless IP camera segment is anticipated to hold the largest share of the video surveillance market. Compared with wire systems, it is easier to install wireless cameras. According to a report, there were more than 1 billion deployed security cameras worldwide by 2021. The company also predicted that 54% of these cameras are in China. There are often high installation costs associated with wire cameras on the network. With the lack of wires, such cameras can be placed at any location by users giving them greater flexibility. Users also get remote monitoring of their camera feeds from anywhere in the world using this Wireless Surveillance System. Some Wi-Fi cameras also connect to wireless monitors, allowing the monitoring and recording of the footage from security cameras.

Our in-depth analysis of the global market includes the following segments

        Type

  • Box Camera
  • Dome
  • Bullet
  • PTZ
  • IP
  • Day/Night
  • Thermal (FLIR) Camera
  • Wireless IP Camera

         Application

  • Institutional
  • Residential
  • Commercial
  • Industrial
  • Border Security
  • City Infrastructure

        Components

  • Hardware
  • Software
  • Video Surveillance as a Service (VSaaS)

         Technology

  • Hybrid
  • IP

          Storage

  • NVR
  • DVR
  • Hybrid

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Video Surveillance Industry - Regional Synopsis

North American Market Forecast

North America is expected to constitute a significant share of 39% of the global video surveillance market. The factors that contribute to the development of the market in North America include established IT infrastructure and a significant installed base in the United States. The U.S. has the highest market share worldwide when it comes to security cameras per capita. In addition, significant investments in this region have been attracted by a strong presence of global manufacturers.

APAC Market Statistics

The Asia Pacific video surveillance industry is projected to grow at a CAGR of 15.4% during the forecast period. It is a major market for the deployment of video surveillance, given that many Asia Pacific countries are spending heavily on infrastructure and Smart Cities initiatives. The Chinese government, for instance, has started a significant "safe city" effort. In order to improve security and lower crime rates nationwide, it calls for the installation of millions of IP cameras in public areas. These factors are bolstering the market growth in the region rapidly.

Research Nester
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Companies Dominating the Video Surveillance Landscape

top-features-companies
    • Canon Inc
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Axis Communications AB
    • NICE Ltd
    • VIVOTEK Inc
    • Vosker

In the News

  • At ISC East 2022, Axis Communications introduced a new intelligent network camera.
  • In March VIVOTEK, which is the leading global IP surveillance service provider, will officially launch its artificial intelligence security system VAST Security Station VSS; users in three different flexible levels shall be able to use it: VSS Lite, VSS Standard and VSS Professional.

Author Credits:  Abhishek Verma


  • Report ID: 100
  • Published Date: Sep 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing industrialization, increasing awareness for security, and a surge in big data are driving market growth.

The market size of video surveillance is anticipated to attain a CAGR of 12.5% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Canon Inc, Axis Communications AB, NICE Ltd, VIVOTEK Inc, Vosker, Sony Semiconductor Solutions, FUJIFILM Corporation, TESCOM JAPAN Co. Ltd, Panasonic Connect Group, Pacific Corporation, and others.

The hardware segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Video Surveillance Market Report Scope
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