The City Surveillance Market size is estimated at USD 13.27 billion in 2024, and is expected to reach USD 19.95 billion by 2029, growing at a CAGR of 8.5% during the forecast period (2024-2029).
With rapid cloud computing and video surveillance software developments, the city surveillance market has transformed compared to the previous decade. Also, growing concerns regarding public safety and security fuel the adoption of IP cameras and video management systems worldwide. Increased investment in smart city projects and reduced IP camera prices, coupled with technological advancements in analytics and software, are increasing the demand for wireless and spy cameras to keep citizens safe. They are the main factors driving the growth of the city surveillance industry.
The City Surveillance Market is highly fragmented due to many key players constantly upgrading themselves to gain a competitive advantage over other players. The City Surveillance Market is currently dominated by major players like Dahua Technology Co. Ltd, Bosch Security and Safety System (The Bosch Group), Hangzhou Hikvision Digital Technology Co. Ltd, Hanwha Techwin (Hanwha Group), and Honeywell Security Group (Honeywell International Inc.)
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