Video Surveillance Market Outlook:
Video Surveillance Market size was valued at USD 56.64 billion in 2024 and is set to exceed USD 132.86 billion by 2034, expanding at over 8.9% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of video surveillance is estimated at USD 60.92 billion.
Key Video Surveillance Market Insights Summary:
North America is estimated to represent 39% of the global video surveillance market by 2034.
The video surveillance industry in Asia Pacific is expected to expand at an exponential CAGR throughout the forecast period.
The wireless IP camera segment is expected to dominate the market in terms of share.
The hardware segment is projected to account for the largest share of approximately 60% in the video surveillance market.
Key Growth Trends:
- Increasing Urbanization
- Increasing Awareness for Security
Key Players:
- Canon Inc, Axis Communications AB, NICE Ltd, VIVOTEK Inc, Vosker.
Market Size and Growth Projections:
- 2024 Market Size: USD 56.64 billion
- 2025 Market Size: USD 60.92 billion
- Projected Market Size: USD 132.86 billion by 2034
- Growth Forecasts: 8.9% CAGR (2025-2034)
- Largest Region: North America (39% Share by 2034)
- Fastest Growing Region: Asia Pacific
The market growth can be accredited to 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).
Video Surveillance Market 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 Size and Forecast:
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2034 |
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CAGR |
8.9% |
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Base Year Market Size (2024) |
USD 56.64 billion |
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Forecast Year Market Size (2034) |
USD 132.86 billion |
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Regional Scope |
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Video Surveillance Market Segmentation:
Components Segment Analysis
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.
Type Segment Analysis
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
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Type |
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Application |
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Components |
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Technology |
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Storage |
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Customize this ReportVideo Surveillance Market Regional Analysis:
North American Market Insights
North America is expected to constitute a 39% share of the global video surveillance market by 2034, impelled by 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 Insights
The Asia Pacific video surveillance industry is projected to grow at a exponential CAGR 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.
Key Video Surveillance Market Players:
- 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
Recent Developments
- 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: Jun 13, 2025
- Report Format: PDF, PPT
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Video Surveillance Market Report Scope
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