PUBLISHER: 360iResearch | PRODUCT CODE: 1471189
PUBLISHER: 360iResearch | PRODUCT CODE: 1471189
[184 Pages Report] The Video Surveillance Market size was estimated at USD 52.73 billion in 2023 and expected to reach USD 57.01 billion in 2024, at a CAGR 8.53% to reach USD 93.54 billion by 2030.
Video surveillance refers to monitoring and recording visual information for observation, security, and analysis. It employs an array of cameras, either analog or digital, placed in strategic locations to capture images or videos. These visuals are then transmitted to a central location where they are observed in real-time or recorded for future review. The primary objective of video surveillance systems is to deter criminal activities, monitor behavior, and gather evidence when necessary. The increasing concerns over security and safety due to rising crime rates and threats of terrorism globally and the growing demand for Video Surveillance-As-A-Service (VSaaS) propels the growth of the video surveillance market. However, the adoption of video surveillance is hindered by privacy infringement concerns related to video surveillance. The rising funding from government and stakeholders for developing smart cities, employing city surveillance solutions and increasing technological advancements in video surveillance systems to improve image quality offer remunerative opportunities for the expanding video surveillance market.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 52.73 billion |
Estimated Year [2024] | USD 57.01 billion |
Forecast Year [2030] | USD 93.54 billion |
CAGR (%) | 8.53% |
System: Extensive use of video surveillance systems owing to their superior video quality, scalability, and advanced functionalities
An analog video surveillance system is a traditional method that uses analog cameras to capture and transmit video signals through coaxial cables to a digital video recorder (DVR). The DVR converts these analog signals into digital format for storage, viewing, and management. The IP video surveillance system represents the evolution of video surveillance technology, leveraging digital cameras that capture and transmit video over an Internet Protocol (IP) network. These systems allow for high-definition video and offer advanced features such as remote accessibility, scalability, and integration with other security systems. IP systems typically utilize Network Video Recorders (NVRs) for storage and management, offering superior video quality and flexibility compared to analog systems.
Vertical: Widening adoption of video surveillance in the commercial sector for societal safety and asset protection
In banking & finance buildings, video surveillance plays a crucial role in deterring theft, ensuring the safety of employees and customers, and monitoring financial transactions. Video surveillance in enterprises & data centers is used for safeguarding sensitive data, overseeing access control, and preserving the integrity of IT infrastructure. In hospitality centers, video surveillance ensures safety, helps manage crowd control, and assists in resolving disputes or claims within the premises. In retail stores & malls, video surveillance serves to deter shoplifting, monitor inventory, and enhance the safety of shoppers and staff. In warehouses, video surveillance is vital for inventory control, monitoring of operational processes, and ensuring the security of goods from theft or damage. In industrial settings, video surveillance is critical for ensuring workplace safety, monitoring production lines, and protecting against unauthorized access or sabotage. City surveillance enhances urban security, aids traffic management, and contributes to crime prevention and investigation. Video surveillance in public places aims to boost public safety, deter vandalism, and assist law enforcement in crowd management. Video Surveillance in transportation includes monitoring airports, train stations, and ports to secure transit areas, manage passenger flows, and prevent terrorism or smuggling activities. Surveillance safeguards critical infrastructure against threats, ensures operational continuity, and supports compliance with regulatory standards. Border surveillance is crucial for national security, detecting illegal activities and unauthorized crossings. Coastal surveillance facilitates maritime security, aids search and rescue operations, and prevents piracy and smuggling. Video surveillance supports law enforcement in crime deterrence, evidence collection, and public safety initiatives. Prison & correctional facilities are essential for inmate monitoring, preventing escapes, and ensuring the safety of staff and prisoners. Surveillance in public facilities, such as schools, hospitals, and government buildings, focuses on enhancing safety, preventing vandalism, and supporting emergency response efforts. In residential areas, video surveillance contributes to the safety of communities, deters burglaries and other crimes, and provides homeowners with peace of mind.
Regional Insights
The Americas region is showcasing significant growth in the video surveillance market owing to the rising need for public safety and the increasing adoption of smart city initiatives. The growing use of advanced technologies, including the Internet of Things (IoT) and artificial intelligence (AI) in video surveillance systems in the United States and Canada is driving market expansion. These technologies enhance the capabilities of video surveillance systems in terms of real-time monitoring, facial recognition, and incident prediction, thereby improving public safety and security infrastructure. The Asia-Pacific region is showcasing rapid growth in the video surveillance market globally, owing to rapid urbanization, expanding infrastructure developments, and significant investments in smart city initiatives, particularly in China and India. The Asia-Pacific region's video surveillance market is characterized by a high demand for IP cameras due to their image quality, scalability, and flexibility in integration with other security systems. The EMEA region presents a diverse market landscape. The General Data Protection Regulation (GDPR) in the European Union emphasizes the responsible use of video surveillance, focusing on protecting individuals' privacy. This regulatory environment drives the demand for advanced video surveillance solutions with encryption and data protection features. The Middle East video surveillance market is characterized by high expenditure on security infrastructure, particularly in countries such as the United Arab Emirates and Saudi Arabia, with a strong focus on smart city developments and critical infrastructure protection. Africa's video surveillance market is gradually growing, driven by increasing security concerns and government initiatives to enhance public safety and security infrastructure.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Video Surveillance Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Video Surveillance Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Video Surveillance Market, highlighting leading vendors and their innovative profiles. These include Active Total Security Systems, ADT Security Services, Amplex AB, AVS Systeme AG, BCD Technology Holdings, Belixys Electronics, Brivo Systems LLC, Camcloud Inc., CameraFTP.com by Drive Headquarters, Inc., Canon Inc., Cloudastructure Inc., CP Plus by Aditya Infotech, Dahua Technology, Duranc Inc., Eagle Eye Networks, Inc., Ecamsecure, Ener-Tel Services, ETA Transit Systems, Inc., EyeSite Surveillance, Inc., Genetec Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Vision, Honeywell International Inc., Huawei Technologies Co., Ltd., and Motorola Solutions, Inc..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Video Surveillance Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Video Surveillance Market?
3. What are the technology trends and regulatory frameworks in the Video Surveillance Market?
4. What is the market share of the leading vendors in the Video Surveillance Market?
5. Which modes and strategic moves are suitable for entering the Video Surveillance Market?