1. What is the projected Compound Annual Growth Rate (CAGR) of the Video Surveillance Market?
The projected CAGR is approximately 7.9%.
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Video Surveillance MarketVideo Surveillance Market by Component (Hardware, Software, Video Surveillance as a Service (VSaaS), by End-User (Commercial, Industrial, Residential, Government), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
The Video Surveillance Market size was valued at USD 19.12 USD billion in 2023 and is projected to reach USD 32.56 USD billion by 2032, exhibiting a CAGR of 7.9 % during the forecast period. Video surveillance is a security technology that aims to monitor and record activities, especially security activities through the use of video cameras. There are different types including analogue cameras, IP cameras, wireless cameras, and even more. Some of the useful attributes include high definition, the ability to detect motion, night vision, as well as the possibility to connect remotely. Use of video surveillance can be in retail stores to avoid cases of theft, in public places to prevent criminal activities, in industries and manufacturing premises as a security measure and in the home to protect an individual or a family. The benefits are manifold: It offers improved security, offers support to investigations, helps reduce crime, and potentially increases operational effectiveness. Other features of advanced systems include real-time alarms and the ability to interface with other security products like burglar alarms and/or access control systems.
Component:
End User:
This extensive report provides an in-depth analysis of the video surveillance market, including:
The video surveillance market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to witness significant growth due to rising urbanization, economic development, and increased government initiatives on public safety. North America and Europe are mature markets with high adoption of video surveillance systems, while Latin America and Middle East & Africa provide untapped growth opportunities.
The video surveillance market is regulated by privacy laws and data protection regulations in different countries.
The video surveillance market is protected by numerous patents related to technology and innovation.
The video surveillance market is expected to witness significant growth due to increasing security concerns, technological advancements, and government initiatives. Cloud-based video surveillance, artificial intelligence, and video analytics are key areas of growth for the market.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 7.9% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 7.9%.
Key companies in the market include Avigilon Corporation, Axis Communications AB, BCDVideo, 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.
The market segments include Component, End-User.
The market size is estimated to be USD 19.12 USD billion as of 2022.
Burgeoning Demand for Big Data Analytics among Organizations to Aid Market Growth.
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Lack of Awareness about Cyber Security and Vulnerability to Hinder Growth.
In July 2021, Axis Communications AB announced that its selected camera offerings are ONVIF Profile M conformant. These cameras enable standardized streaming of event and metadata feeding from edge-based analytics use cases in a multi-vendor surveillance arrangement. Conformance to Profile M facilitates integration of events and metadata with ONVIF Profile M conformant users like video management software and services.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD billion and volume, measured in K Units.
Yes, the market keyword associated with the report is "Video Surveillance Market," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
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