Global Video Surveillance Market Size Study, by Component (Hardware, Software, Video as a Service (VSaaS)), by End-User (Commercial, Industrial, Residential, Government) and Regional Forecasts 2022-2032

Global Video Surveillance Market Size Study, by Component (Hardware, Software, Video as a Service (VSaaS)), by End-User (Commercial, Industrial, Residential, Government) and Regional Forecasts 2022-2032

Global Video Surveillance Market is estimated to be valued at USD 26.57 billion in 2023 and is anticipated to grow with a healthy CAGR of 6.9% over the forecast period 2024-2032. A video surveillance system is a security solution designed to capture, store, and transmit images and videos over communication networks. Digital video surveillance systems are versatile and can be deployed in virtually any setting. Various sectors, including government agencies, businesses, financial institutions, and healthcare organizations, are increasingly expected and mandated to implement robust security and monitoring systems. Consequently, there has been a significant surge in the demand for video surveillance applications to monitor and record activities across borders, ports, transportation hubs, corporate offices, educational institutions, public spaces, and buildings.

The emergence of AI surveillance technology is a key driver propelling the growth of the video surveillance market. AI-powered systems offer advanced capabilities such as real-time facial recognition, object detection, and predictive analytics, which significantly enhance the effectiveness of surveillance operations. These technologies allow for more efficient monitoring by automatically identifying potential security threats and reducing the reliance on human intervention. Moreover, the integration of video analytics in network cameras, expansion in emerging markets and rise in smart city initiatives present various lucrative opportunities over the forecast years. However, the ongoing COVID-19 pandemic has caused disruptions in the global supply chain, particularly in regions like China, which is a major hub for video surveillance equipment production. This has temporarily restrained market growth.

The key regions considered for the Global Video Surveillance Market study include Asia Pacific, North America, Europe, Latin America, Middle East & Africa, and Rest of the World. Asia Pacific is a dominating region in the Global Video Surveillance Market in terms of revenue. The market growth in the region is being attributed to factors including its rapid urbanization, strong economic growth, and large-scale investments in infrastructure development. Countries like China, Japan, and India are leading the charge with the widespread adoption of advanced surveillance systems across public spaces, transportation networks, and commercial enterprises. Whereas, the market in Middle East and Africa is anticipated to grow at the fastest rate over the forecast period fueled by increasing government initiatives to enhance security, significant investments in smart city projects, and the rising demand for surveillance in critical sectors such as oil and gas, transportation, and retail.

Major market players included in this report are:
Avigilon Corporation
Axis Communications AB
Bosch GmbH
Dahua Technology Co., Ltd.
FLIR Systems, Inc.
Hangzhou Hikvision Digital Technology Co., Ltd.
Honeywell International, Inc.
Huawei Technologies Co., Ltd.
Panasonic Corporation
Pelco
Eagle Eye Networks, Inc.
Teledyne FLIR LLC.
Canon Inc.
Infinova Corporation
BCD International, Inc.

The detailed segments and sub-segment of the market are explained below:
By Component:
Hardware
Software
Video as a Service (VSaaS)

By End-User:
Commercial
Industrial
Residential
Government

By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.