Video Surveillance Market size to grow by USD 28,796.25 million from 2022 to 2027; Need to mitigate criminal activities and terrorist attacks boosts the market - Technavio

NEW YORK, Aug. 14, 2023 /PRNewswire/ -- The video surveillance market size is estimated to increase by USD 28,796.25 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 9.33% during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Video Surveillance Market – Company Analysis
Company Landscape - The global video surveillance market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer video surveillance in the market are Agent Video Intelligence Ltd., Costar Technologies Inc., CP PLUS International, Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Hexagon AB, Honeywell International Inc., Huawei Investment and Holding Co. Ltd., i PRO Co. Ltd., Motorola Solutions Inc., NEC Corp., NICE Ltd., Robert Bosch GmbH, Teledyne Technologies Inc., Tiandy Technologies Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Zhejiang Uniview Technologies Co. Ltd., Zicom Saas Pvt. Ltd., and Canon Inc. and others.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Company Offerings -

• Agent Video Intelligence Ltd: The company offers video surveillance such as innoVi.
• Costar Technologies Inc: The company offers video surveillance such as AXIS F34 Surveillance System.
• CP PLUS International: The company offers video surveillance such as CCI2D25R, and CDI12D360VIW.
• For details on the vendor and its offerings – Request a sample report

Video Surveillance Market - Segmentation Assessment

Segment Overview
This report extensively covers market segmentation by product (hardware, software, and services), end-user (public, commercial, and residential), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The market share growth of the hardware segment is significant during the forecast period. The hardware features of video surveillance solutions comprise cameras, storage devices, network video recorder (NVR) hardware, video encoders, and network infrastructure. The significant component of video surveillance solutions is a camera. Some market players that operate in the market are increasingly focusing on launching new variants of hardware systems for video surveillance. Furthermore, new product launches with advanced features can affect the growth of the market. Such offerings by the vendors will accelerate the growth of the market in focus in this segment during the forecast period.

Geography Overview
By geography, the global video surveillance market is segmented into APAC, North America, Europe, the Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global video surveillance market.

APAC is estimated to account for 47% of the global market during the forecast period. In APAC, the growth of the video surveillance market is fuelled by factors such as rapid urbanization and industrialization and significant investments in defense by countries such as China and India. Beijing, China, is a global leader in the installation of public video surveillance systems. Due to the technological maturity of industries and the need to safeguard their citizens, countries such as Japan, South Korea, and Australia have also adopted video surveillance. the standardization of industries and the presence of a framework for public safety, the video surveillance systems market in these developed countries are mostly mature. The demand for video surveillance from the residential and commercial segments is fuelling the market growth in this region Hence, the emphasis on infrastructural development by emerging economies also drives the growth of the market in the region.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Video Surveillance Market – Market Dynamics

Leading Drivers - 

The need to mitigate criminal activities and terrorist attacks drives market growth. The rising number of terrorist attacks, particularly in countries such as the US and the UK, has fuelled the deployment of video surveillance solutions. Similarly, there is an increasing adoption of video surveillance solutions to prevent antisocial activities, including intrusion, murder, robbery, and theft. In addition, the governments of different countries have enforced strict regulations that mandate the installation of video surveillance solutions in various public locations, including hypermarkets, hospitals, airports, ports, railway stations, hotels, and malls to curb criminal and terrorist activities. Thus, the deployment of video surveillance solutions allows a safe and crime-free environment and improves the quality of life of citizens. It can also be adapted to monitor and apprehend criminals and provide conclusive evidence in court. Hence, such factors are expected to drive market growth during the forecast period.

Key Trends - 

The emergence of smart AI-based video surveillance is a primary trend shaping the market during the forecast period. The main advantages of AI include superior standards of facial, faceless, behavioral, and object detection. Thus the integration of AI in video surveillance can enhance crime spotting and prevention. Some of the key features of  AI-based video surveillance systems include intrusion detection, motion and speed detection, object classification, behavioral analysis, global positioning system (GPS) mapping, and vehicle tagging and tracking. Additionally, it also offers predictive crime monitoring. Hence, such benefits are positively impacting the market, which in turn will drive the market growth during the forecast period.

Major challenges - 

Issues related to privacy are a significant challenge hindering the market growth during the forecast period. There is an increasing concern regarding the privacy issues associated with video surveillance solutions which can negatively impact the market. For instance, the deployment of public surveillance systems covers private areas, including apartments and offices, without the consent of owners, which can significantly lead to a breach of privacy. Additionally, extreme video surveillance allows the government to track the lives of its citizens without their consent. Hence the infringement of privacy can hinder the market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Video Surveillance Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the video surveillance market between 2023 and 2027
• Precise estimation of the video surveillance market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the video surveillance market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of video surveillance market players.

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports: 

The digital pen market size is estimated to grow at a CAGR of 13.29% between 2022 and 2027. The market size is forecast to increase by USD 543.32 million. This digital pen market report extensively covers market segmentation by end-user (healthcare, media and entertainment, education, and others), product (handwriting pen and scanning pen), and geography (North America, Europe, APAC, Middle East and Africa, and South America). Increasing digitalization and paperless initiatives is the key driver for the growth of the market.

The transmission electron microscope market size is estimated to grow at a CAGR of 10.32% between 2022 and 2027. The market size is forecast to increase by USD 458.93 million. This transmission electron microscope market report extensively covers market segmentation by application (life science, material science, nanotechnology, semiconductor, and others), end-user (industries, academic institutes, and government research institutes and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). Growing demand for high-resolution transmission electron microscopes (HRTEM) is the key factor driving the growth of the market.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio