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.
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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
