Video Surveillance Market by System (Analog Video Surveillance System, IP Video Surveillance System), Offering (Hardware, Services, Software), Vertical - Global Forecast 2024-2030

Video Surveillance Market by System (Analog Video Surveillance System, IP Video Surveillance System), Offering (Hardware, Services, Software), Vertical - Global Forecast 2024-2030

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Video Surveillance Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing concerns over security and safety due to rising crime rates and threats of terrorism globally
• Growing adoption of internet protocol camera
• Rising demand for Video Surveillance-As-A-Service (VSaaS)

Market Restraints

• Privacy infringement concerns related to video surveillance

Market Opportunities

• Growing government and stakeholder funding for developing smart cities and employing city surveillance solutions
• Technological advancements in video surveillance systems to improve image quality

Market Challenges

• Requirement of high-capacity storage systems and higher bandwidth

Market Segmentation Analysis

• System: Extensive use of video surveillance systems owing to their superior video quality, scalability, and advanced functionalities
• Vertical: Widening adoption of video surveillance in the commercial sector for societal safety and asset protection

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Video Surveillance Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Video Surveillance Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

March Networks Unveils AI4 Smart Camera with Advanced Analytics

March Networks has introduced its AI series smart cameras, spearheaded by the innovative AI4 camera, marking a significant advancement in video surveillance technology. The AI4 camera distinguishes itself with its ability to deliver superior image quality under various lighting conditions, and its advanced AI analytics reduce false alarms, thereby saving time and resources. This product enhances the searchlight cloud business intelligence platform by providing high-resolution scene analysis and integrating analytics metadata to offer solutions for real-world challenges.

Consistent Infosystems Elevates Security with Innovative Made-in-India Surveillance Cameras

Consistent Infosystems has introduced an innovative range of surveillance cameras manufactured in India. This newly launched product line exemplifies Consistent Infosystems' commitment to pioneering in the surveillance technology sphere, offering a comprehensive surveillance solution that includes an array of advanced features such as smart wireless 4G PT cameras, 4G solar cameras, wireless pan-tilt Wi-Fi mini cameras with 3MP/4MP resolution, along with the innovative 4G color cameras and CCTV 4G dome cameras.

Enhancing Local Security Infrastructure through Indigenous Manufacturing Initiatives by Johnson Controls India

In a strategic move to cater to the burgeoning demand within the Indian market, Johnson Controls India's Security Products division has expanded its locally manufactured security camera portfolio. This initiative aims to address the rapidly increasing domestic need for advanced security solutions and underscores the company's dedication to supporting the 'Make in India' policy endorsed by the Indian government to stimulate local production capabilities.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Video Surveillance Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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

This research report categorizes the Video Surveillance Market to forecast the revenues and analyze trends in each of the following sub-markets:

System

Analog Video Surveillance System

IP Video Surveillance System

Offering

Hardware

Accessories

Cables

Encoders

Camera

Wired Cameras

Wireless Cameras

Storage Device

Digital Video Recorders

Direct-Attached Storage Devices

Hybrid Video Recorders

IP Storage Area Network

Network Video Recorders

Network-Attached Storage Devices

Services

Installation & Maintenance Services

Video Surveillance-As-A-Service (VSaaS)

Software

Video Analytics

Video Management Software

Vertical

Commercial

Banking & Finance Buildings

Enterprises & Data Centers

Hospitality Centers

Retail Stores & Malls

Warehouses

Industrial

Infrastructure

City Surveillance

Public Places

Transportation

Utilities

Military & Defense

Border Surveillance

Coastal Surveillance

Law Enforcement

Prison & Correctional Facilities

Residential

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year