In 2023, the video surveillance market recorded a valuation of US$ 64 billion, with a projected steady growth rate of 11.1% between 2023 and 2033. By 2033, the market is expected to reach a remarkable value of US$ 182.6 billion.
There is a surge in demand for the video surveillance industry due to growing security concerns. Along with these, criminal activity-related increases in demand for security surveillance products, cost savings associated with using various cloud storage solutions, and threat activities are key factors boosting this market.
Deep learning algorithms and applications of artificial intelligence (AI) are likely to have an impact on market expansion. In a similar vein, the use of video analytics is anticipated to open up lucrative commercial potential.
| Attributes | Details |
|---|---|
| Video Surveillance Market Value (2023) | US$ 64 billion |
| Video Surveillance Market Value (2033) | US$ 182.6 billion |
| Video Surveillance Market Growth Rate (2023 to 2033) | 11.1%. |
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The video surveillance industry witnessed a significant growth rate of 14.2% from 2018 to 2022, driven by the increasing need for security and surveillance solutions across various industries. The growth outlook for the market from 2023 to 2033 is promising. With advancements in technology, such as AI-powered analytics, the market is predicted to experience a substantial boost.
As per the FMI research, the market for video surveillance is anticipated to garner revenue of around US$ 182.6 billion by 2033 at 11.1% CAGR throughout the forecast period. Further, the integration of advanced analytics capabilities with video surveillance systems enables real-time monitoring, proactive threat detection, and actionable insights. This forecasted growth reflects the industry's continuous evolution and the increasing demand for advanced surveillance solutions in the years to come.
How is the Growing Adoption of Body-worn Cameras across Industries Swaying the Market?
What Factors are Dwindling the overall Video Surveillance Market Size?
Principal Consultant
China, being a leading market for video surveillance equipment, is home to leading providers like Hikvision and Dahua. With the world's large surveillance network and significant deployment of cameras globally, China aims to enhance public safety and social stability through extensive video surveillance with facial recognition technology.
The government of China's emphasis on infrastructure development, including railways, airports, stadiums, and highways, has further bolstered the demand for high-definition surveillance systems capable of capturing clear images in low-light conditions. Additionally, China's dominant market share of US$ 45.5 billion can be attributed to its government-backed city surveillance and smart city projects.
Due to its quick economic expansion, the United States is anticipated to witness a 9.8% rate of revenue growth during the projection period, touching US$ 28.7 billion by 2033. Road rage events, crimes against people on the road, crimes against government property, and public security concerns are all on the rise. In the forthcoming years, it is anticipated that this is going to result in increased demand for video surveillance systems.
Numerous American communities have installed cutting-edge security measures. For instance, according to a study, the neighborhood police used sophisticated facial recognition cameras in 2018 following the Baltimore riots to locate and detain dissidents. According to the data above, the country is likely to need sophisticated surveillance cameras as a result of the growing external and internal threats posed by people.
The IP video surveillance system segment is poised to experience a significant surge in revenue growth during the forecast period at 11.0% CAGR. IP cameras offer enhanced capabilities such as digital processing, compression, motion detection, and additional hardware components for encoding/decoding or cybersecurity.
Network Video Recorders (NVRs) used in IP systems can efficiently handle multiple video feeds from numerous connected cameras, surpassing the capabilities of Digital Video Recorders (DVRs).
Further, the growing demand for video analytics is also driving industries to adopt IP video surveillance solutions. While analog systems historically had a cost advantage, the declining prices of IP cameras and storage devices have led to a substantial increase in acceptance in recent years.
During the forecast period, the hardware segment is anticipated to be at the forefront in terms of revenue contribution to the global market, advancing at a 10.9% growth rate from 2023 to 2033.
The segment's revenue growth is driven by the rising demand for essential hardware components like cameras, monitors, and storage, which are integral to video surveillance systems. Also, the growing security concerns across various industries have led to an increased installation of cameras worldwide.
The transition to IP cameras has also facilitated hardware-based advancements, improving low-light performance, object tracking, and built-in security features. Technological advancements have resulted in highly specialized surveillance cameras capable of zooming in and scanning specific objects, such as hazardous equipment. These factors collectively contribute to the significant revenue growth of the hardware segment.
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The competitive landscape in the video surveillance market is characterized by intense competition among key players. Additionally, established companies and new entrants are striving to gain a competitive edge through product innovations, strategic partnerships, mergers and acquisitions, and geographical expansions.
Key players are focusing on developing advanced video surveillance solutions that incorporate cutting-edge technologies such as artificial intelligence, deep learning, and facial recognition. Companies are investing in research and development activities to enhance their product offerings and cater to evolving customer demands.
The market is witnessing collaborations between video surveillance providers and software developers to provide integrated solutions with enhanced functionalities. Further, with the increasing adoption of video surveillance systems across various industries and the growing demand for intelligent analytics, the competition is expected to intensify.
Key Players Profiled in the Market
Recent Developments in the Market:
In a multi-vendor surveillance setup, these cameras offer standardized streaming of events and information feeding from edge-based analytics use cases. Further, integration of events and information with ONVIF Profile M compliant users, such as video management software and services, is made easy by conformance to Profile M.
The market for video surveillance is valued at US$ 64.0 billion in 2023.
The video surveillance industry secured a 14.2% CAGR from 2018 to 2022.
The market for video surveillance is likely to advance at an 11.1% rate from 2023 to 2033.
The video surveillance industry garnered revenue of US$ 32.9 billion in 2018.
The hardware sub-segment is likely to lead the market by category.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By System Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By System Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By System Type, 2023 to 2033
5.3.1. Analog Surveillance
5.3.2. IP Surveillance
5.3.3. Hybrid Surveillance
5.4. Y-o-Y Growth Trend Analysis By System Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By System Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
6.3.1. Hardware
6.3.2. Software
6.3.3. Services
6.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
7.3.1. Commercial
7.3.2. Military & Defense
7.3.3. Infrastructure
7.3.4. Residential
7.3.5. Others
7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Enterprise Size, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprise Size, 2023 to 2033
8.3.1. Small Scale Enterprises
8.3.2. Medium Scale Enterprises
8.3.3. Large Scale Enterprises
8.4. Y-o-Y Growth Trend Analysis By Enterprise Size, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Enterprise Size, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Customer Type
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) Analysis By Customer Type, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Customer Type, 2023 to 2033
9.3.1. B2B
9.3.2. B2C
9.4. Y-o-Y Growth Trend Analysis By Customer Type, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Customer Type, 2023 to 2033
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. Introduction
10.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
10.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. Asia Pacific
10.3.5. MEA
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. U.S.
11.2.1.2. Canada
11.2.2. By System Type
11.2.3. By Component
11.2.4. By Application
11.2.5. By Enterprise Size
11.2.6. By Customer Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By System Type
11.3.3. By Component
11.3.4. By Application
11.3.5. By Enterprise Size
11.3.6. By Customer Type
11.4. Key Takeaways
12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Brazil
12.2.1.2. Mexico
12.2.1.3. Rest of Latin America
12.2.2. By System Type
12.2.3. By Component
12.2.4. By Application
12.2.5. By Enterprise Size
12.2.6. By Customer Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By System Type
12.3.3. By Component
12.3.4. By Application
12.3.5. By Enterprise Size
12.3.6. By Customer Type
12.4. Key Takeaways
13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. Germany
13.2.1.2. U.K.
13.2.1.3. France
13.2.1.4. Spain
13.2.1.5. Italy
13.2.1.6. Rest of Europe
13.2.2. By System Type
13.2.3. By Component
13.2.4. By Application
13.2.5. By Enterprise Size
13.2.6. By Customer Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By System Type
13.3.3. By Component
13.3.4. By Application
13.3.5. By Enterprise Size
13.3.6. By Customer Type
13.4. Key Takeaways
14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.1.4. Singapore
14.2.1.5. Thailand
14.2.1.6. Indonesia
14.2.1.7. Australia
14.2.1.8. New Zealand
14.2.1.9. Rest of Asia Pacific
14.2.2. By System Type
14.2.3. By Component
14.2.4. By Application
14.2.5. By Enterprise Size
14.2.6. By Customer Type
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By System Type
14.3.3. By Component
14.3.4. By Application
14.3.5. By Enterprise Size
14.3.6. By Customer Type
14.4. Key Takeaways
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By System Type
15.2.3. By Component
15.2.4. By Application
15.2.5. By Enterprise Size
15.2.6. By Customer Type
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By System Type
15.3.3. By Component
15.3.4. By Application
15.3.5. By Enterprise Size
15.3.6. By Customer Type
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. U.S.
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By System Type
16.1.2.2. By Component
16.1.2.3. By Application
16.1.2.4. By Enterprise Size
16.1.2.5. By Customer Type
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By System Type
16.2.2.2. By Component
16.2.2.3. By Application
16.2.2.4. By Enterprise Size
16.2.2.5. By Customer Type
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By System Type
16.3.2.2. By Component
16.3.2.3. By Application
16.3.2.4. By Enterprise Size
16.3.2.5. By Customer Type
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By System Type
16.4.2.2. By Component
16.4.2.3. By Application
16.4.2.4. By Enterprise Size
16.4.2.5. By Customer Type
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By System Type
16.5.2.2. By Component
16.5.2.3. By Application
16.5.2.4. By Enterprise Size
16.5.2.5. By Customer Type
16.6. U.K.
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By System Type
16.6.2.2. By Component
16.6.2.3. By Application
16.6.2.4. By Enterprise Size
16.6.2.5. By Customer Type
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By System Type
16.7.2.2. By Component
16.7.2.3. By Application
16.7.2.4. By Enterprise Size
16.7.2.5. By Customer Type
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By System Type
16.8.2.2. By Component
16.8.2.3. By Application
16.8.2.4. By Enterprise Size
16.8.2.5. By Customer Type
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By System Type
16.9.2.2. By Component
16.9.2.3. By Application
16.9.2.4. By Enterprise Size
16.9.2.5. By Customer Type
16.10. China
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By System Type
16.10.2.2. By Component
16.10.2.3. By Application
16.10.2.4. By Enterprise Size
16.10.2.5. By Customer Type
16.11. Japan
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By System Type
16.11.2.2. By Component
16.11.2.3. By Application
16.11.2.4. By Enterprise Size
16.11.2.5. By Customer Type
16.12. South Korea
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By System Type
16.12.2.2. By Component
16.12.2.3. By Application
16.12.2.4. By Enterprise Size
16.12.2.5. By Customer Type
16.13. Singapore
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By System Type
16.13.2.2. By Component
16.13.2.3. By Application
16.13.2.4. By Enterprise Size
16.13.2.5. By Customer Type
16.14. Thailand
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By System Type
16.14.2.2. By Component
16.14.2.3. By Application
16.14.2.4. By Enterprise Size
16.14.2.5. By Customer Type
16.15. Indonesia
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By System Type
16.15.2.2. By Component
16.15.2.3. By Application
16.15.2.4. By Enterprise Size
16.15.2.5. By Customer Type
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By System Type
16.16.2.2. By Component
16.16.2.3. By Application
16.16.2.4. By Enterprise Size
16.16.2.5. By Customer Type
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By System Type
16.17.2.2. By Component
16.17.2.3. By Application
16.17.2.4. By Enterprise Size
16.17.2.5. By Customer Type
16.18. GCC Countries
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By System Type
16.18.2.2. By Component
16.18.2.3. By Application
16.18.2.4. By Enterprise Size
16.18.2.5. By Customer Type
16.19. South Africa
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By System Type
16.19.2.2. By Component
16.19.2.3. By Application
16.19.2.4. By Enterprise Size
16.19.2.5. By Customer Type
16.20. Israel
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By System Type
16.20.2.2. By Component
16.20.2.3. By Application
16.20.2.4. By Enterprise Size
16.20.2.5. By Customer Type
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By System Type
17.3.3. By Component
17.3.4. By Application
17.3.5. By Enterprise Size
17.3.6. By Customer Type
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Avigilon
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Axis Communications AB
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Bosch Security Systems GmbH
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Cisco Systems Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Dahua Technology Co., Ltd.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Eagle Eye Networks
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Flir Systems Inc.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Honeywell Security
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Panasonic Corporation
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Pelco
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.11. The Infinova Group
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.12. Verkada Inc.
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Video Surveillance Market
