Video Surveillance Market – Size, Outlook, Trends and Forecast (2024 – 2032)

The Process of image acquisition, storage and optimising similar data by using advanced algorithms to get useful information collectively known as video surveillance. Video surveillance systems are the collection of hardware and software components which are used for monitoring activities in commercial buildings, public areas and for real-time monitoring. This collected information from different sources is referred to detect anomalies and mitigate it.

Video Surveillance Market Size & Growth:

Video Surveillance Market is expected to increase by a $ 75.66 billion by 2024 at a CAGR of 15.5% from a $ 30.37 billion in 2017. Growth in government security projects, rising need to secure and monitor people, assets, resources and infrastructure are the key drivers for the installation of the video surveillance systems. Recent years include installation of video surveillance systems in the information technologies (IT) focusing on video quality and growing need for reliable, efficient and flexible storage solutions resulting in the growth of this market.

Video Surveillance Market Share:

Video surveillance market is segmented into the type which includes software, hardware, and services. Among these hardware holds the most significant share due to the presence of cameras and storage devices and the usage of these in various countries. Based on the system, video surveillance is subdivided into IP, Biometrics, and analogue. Among these biometrics holds the most significant share due to the adoption of biometric in many sectors. Application segment includes Traffic monitoring, Employee safety, parking lots and others.

Commercial sector holds the highest market for the massive traffic of people in malls, commercial buildings etc. Based on geography, Asia-Pacific contains the largest and fastest growing market with a CAGR of 16%. Commercial and residential construction activity, increase in foreign investments, rising crime rates, growth in business formation activities, public entertainment facilities, growing civil infrastructure projects and rise in healthcare, enterprise, hospitality sectors, and increasing focus of regional governments on safety and security issues represent key growth drivers in the region.

Video Surveillance Market Trends:

• Cybersecurity has become critical t everyday life turning it into a significant market segment.
• Increased acceptance of cameras at public view will continue as they view it less as a government measure and safety and secure instrument.
• Top fifteen players of video surveillance market had increased 13 % over 2015-2017.
• Next nine Ltd. Was acquired by the Honeywell Corporation to provide multi-vendor, multi-site remote access, and support to protect industrial control systems and infrastructure against growing cyber security attacks

Video Surveillance Market Research Report:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact in altering the market dynamics.
• Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Honeywell Security Group
• Siemens AG
• Samsung Techwin Company limited
• Panasonic Network Systems Company Ltd.
• Bosch Security Systems Incorporation