The Global Video Surveillance Systems Market size is estimated at USD 81.68 billion in 2024, and is expected to reach USD 145.38 billion by 2029, growing at a CAGR of 12.22% during the forecast period (2024-2029).
Introducing new IP-based digital technologies to detect and prevent undesirable behaviors such as shoplifting, theft, vandalism, and terror attacks are expected to fuel the growth of the video surveillance market. Video surveillance is used in various industries, including manufacturing, banking, financial services, transportation, and retail. These methods are incorporated in nations such as the United States, the United Kingdom, India, China, and Brazil, owing mostly to the bigger scale of the concerned industries and more consumer awareness.
Due to several key players constantly upgrading themselves to gain a competitive advantage over other players, the Global Video Surveillance Systems Market is highly competitive. Major players in the video surveillance market include Honeywell Security Group, Bosch Security Systems Incorporated, Samsung Group, Schneider Electric SE, and Panasonic Corporation, among others.
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