Global Closed Circuit Television (CCTV) Market 2024-2028
The closed circuit television (CCTV) market is forecasted to grow by USD 16569.7 mn during 2023-2028, accelerating at a CAGR of 13.64% during the forecast period. The report on the closed circuit television (CCTV) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government security initiatives, integration of facial recognition technology in CCTV cameras, and growing demand for IP-based CCTV cameras.
Technavio's closed circuit television (CCTV) market is segmented as below:
By Product
- Dome camera
- PTZ camera
- Bullet camera
- Box camera
By Application
- Public
- Commercial
- Residential
By Geography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the introduction to deep learning technology as one of the prime reasons driving the closed circuit television (CCTV) market growth during the next few years. Also, integration of AI in CCTV cameras and incorporation of video analytics in IP-based CCTV cameras will lead to sizable demand in the market.
The report on the closed circuit television (CCTV) market covers the following areas:
- Closed circuit television (CCTV) market sizing
- Closed circuit television (CCTV) market forecast
- Closed circuit television (CCTV) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading closed circuit television (CCTV) market vendors that include ADT Inc., Axis Communications AB, Cisco Systems Inc., CP PLUS International, Dahua Technology Co. Ltd., Digital Watchdog, GeoVision, Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Honeywell International Inc., IDIS Ltd., Lenovo Group Ltd., LG Corp., MOBOTIX AG, Panasonic Holdings Corp., Robert Bosch GmbH, Sony Group Corp., Teledyne FLIR LLC, UNIX CCTV Corp., and Zhejiang Uniview Technologies Co. Ltd.. Also, the closed circuit television (cctv) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.