Video Surveillance Market Size, Share, Growth Analysis, By Offering, By System, By Region - Industry Forecast 2024-2031

Global Video Surveillance Market size was valued at USD 48.19 Billion in 2022 and is poised to grow from USD 52.68 Billion in 2023 to USD 107.31 Billion by 2031, at a CAGR of 9.3% during the forecast period (2024-2031).

The video surveillance market is experiencing rapid growth driven by increasing security concerns across various sectors. The demand for intelligent monitoring solutions has surged, fueled by the rise of smart cities and the need for efficient security management in public and private spaces. Cloud-based systems are gaining popularity due to their scalability and cost-effectiveness. Advancements in technologies like artificial intelligence and deep learning are enhancing video analytics capabilities, enabling more accurate detection, tracking, and analysis of events. The Asia Pacific region is emerging as a key growth market due to rapid urbanization and increasing security challenges.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Video Surveillance Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Video Surveillance Market Segmental Analysis

The global video surveillance market is segmented by offering, system, and region. Based on offering, the market is segmented into Hardware (Cameras [Camera Components {Image Sensors, Lenses and Image Processing Circuity}, Type {Analog cameras and IP cameras}, Connectivity {Wired and Wireless}, Form Factor {Dome, PTZ, Box & Bullet and Panoramic, Fisheye, & Body-Worn}, Resolution {0.3-1 megapixel, 1.1-2.9 megapixel, 3.0-5 megapixel and >5 megapixel}, and Channel Partner {Distributors, Direct to Installers or System Integrators, and Direct to End-Users}, Monitors {Screen Size (Up to 20 inches and More than 20 inches)}, Storage Device {Digital Video Recorders (DVRs), Network Video Recorders, Hybrid Video Recorders, IP Storage Area Network, Direct-Attached Storage Devices and Network-Attached Storage Devices} and Accessories {Cables and Encoders}]), Software (Type [Video Management Software {Non-AI-Based VMS Software and AI-Based VMS Software}, Video Analytics {Video Content Analysis and AI-Driven Video Analytics ( Type [Analytics at the Edge and Analytics at the Server] and Use Cases [Gun Detection, Industrial Temperature Monitoring, Anomaly detection & Behavior Recognition, Facial recognition/Person search, Object detection & tracking, Intrusion detection & perimeter protection, Smoke & Fire Detection, Traffic Flow Analysis & Accident Detection, False alarm filtering, Parking Monitoring and Vehicle Identification & Numberplate Recognition ] and Deployment Mode [On Premises and Cloud]) and Service (Video Surveillance-As-A-Service [Technology {Video Analytics-As-a-Service and AI-Powered Video Analytics-As-a-Service}, Type { Hosted, Managed and Hybrid}] Installation & Maintenance Services). Based on system, the market is segmented into analog video surveillance systems, IP video surveillance systems, hybrid Video Surveillance Systems. Based on verticals, the market is segmented into Commercial (Retail Stores & Malls, Enterprises & Data Centers, Banking & Finance Buildings, Hospitality Centers and Warehouses), Infrastructure (Transportation, City Surveillance, Public Places and Utilities), Military & Defense (Prison & Correctional Facilities, Border Surveillance, Coastal Surveillance and Law Enforcement), Industrial (Factory/Manufacturing facility and Construction site), Public Facility (Healthcare Buildings, Educational Buildings, Government Buildings and Religious Buildings), and Residential. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Video Surveillance Market

Body-worn cameras are rapidly gaining traction across various industries. Initially adopted by law enforcement, these devices are now being deployed in sectors like healthcare, retail, and hospitality to enhance safety, accountability, and operational efficiency. By providing a first-person perspective, body-worn cameras capture critical evidence, deter misconduct, and improve customer interactions. This growing adoption is driving the integration of body-worn camera technology with video surveillance systems, creating new opportunities for market growth.

Restraints in the Global Video Surveillance Market

The widespread adoption of video surveillance systems has become a staple in developed nations due to increasing security concerns. While these systems offer crucial benefits in public safety and crime prevention, they also raise significant privacy concerns. The delicate balance between security and individual privacy is a complex issue that governments and organizations must carefully consider. The recent use of video surveillance to enforce public health measures during the COVID-19 pandemic further highlighted the need for transparent and ethical surveillance practices.

Market Trends of the Global Video Surveillance Market

The convergence of video analytics and network cameras is driving significant advancements in surveillance technology. By embedding advanced analytics capabilities directly into cameras, real-time processing and analysis of video data become possible. This integration enables faster detection of events, improved accuracy, and reduced reliance on centralized servers. As a result, industries across sectors are increasingly adopting these intelligent cameras to enhance security, optimize operations, and gain valuable insights from video footage.