Video Surveillance Market Segmented By Hardware, Video Management Software (VMS), Services Components in Analog Video Surveillance Systems, IP Video Surveillance Systems
Industry: IT and Telecommunication
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 332
Report ID: PMRREP32322
The video surveillance market is estimated to grow US$ 48,190.4 Mn in 2023 and is projected to reach US$ 108,287.7 Mn by 2033. The market for video surveillance is predicted to grow at a CAGR of 8.4% from 2023 to 2033.
Video surveillance is a network of cameras, monitors/display units, and recorders. It can be installed both inside and outside, and it can assist investigators in identifying vandalism, criminal activities, or any other inappropriate behaviour in terms of physical security. Video surveillance also increase a company's bottom line by enhancing worker productivity and assisting in the identification of defective equipment. They not only guarantee legal compliance but also promote safety and well-being.
The market for video surveillance was valued at US$ 45,122.1 Mn in 2022. The development of the market is probably going to be impacted by developments in artificial intelligence and deep & machine learning. Demand for video surveillance is estimated to increase over time owing low investment costs with VSaaS (Video Surveillance as a Service), AI technology is integrated into a vision-based surveillance system etc.
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Video Surveillance Market Size (2023) |
US$ 48,190.4 Mn |
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Projected Market Value (2033) |
US$ 108,287.7 Mn |
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Global Market Growth Rate (2023-2033) |
8.4% |
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Hardware Segment Market Share (2022) |
41.2% |
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China Market Growth Rate (2022) |
10.4% |
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Analog Video Surveillance Systems Segment Market Share (2022) |
58.7% |
“Privacy and Security worries regarding video data”
In today's world, cameras are pervasive, and it is difficult to walk anywhere without coming across some kind of video-capturing gadget, especially in smart cities. This implies that an enormous amount of video data, frequently including sensitive biometric data, is gathered, analysed, and shared every day, posing significant privacy challenges for the public. Modern video surveillance includes cutting-edge functions that jeopardise the privacy of individuals being filmed. The use of video monitoring must be weighed against its detrimental effects on privacy.
“Increasing Adoption of Real Time Facial Surveillance System”
The United States is one of the most watched countries in the world, with CCTV cameras installed in the majority of public and private locations. The majority of cameras in the nation are estimated to be installed in the retail and commercial end-user segments. Real-time facial surveillance systems have already been used in many U.S. states, including Chicago and Detroit. The use of AI-based video analytics, particularly in smart city applications, increases productivity and provides organisations with a wealth of non-security-related data. Facial surveillance is becoming more and more popular, and this is a major factor gaining traction in the market.
Due to these factors, the video surveillance market was estimated to have the largest market share of 16.8% in 2022.
“Government Initiative and manufacturing allows video surveillance to grow in China”
China is one of the biggest markets of video surveillance equipment. Furthermore, China employs more than half of the world's surveillance cameras and has the largest surveillance network in the world. China is currently undertaking a number of infrastructure projects, including the construction of airports, trains, stadiums, and highway networks, all of which will probably require high-definition surveillance systems that can take clear photographs even in complete darkness. Additionally, the government's infrastructure development plans for smart cities and city surveillance are expanding the use of video surveillance technology, which is growing the market need for the technology.
Due to these factors the video surveillance market is estimated to grow at a CAGR of 10.4% over the forecast period in China.
“Rising Crime Rates and Government Initiatives”
Video surveillance has seen impressive growth in India as a result of rising crime rates, intercommunal violence, terrorism, etc. Furthermore, the demand for extremely effective video surveillance technologies has been further fuelled by ongoing government initiatives including citywide surveillance, educational reforms, and smart cities. Video surveillance systems are widely implemented in commercial organisations, homes, and transportation, in addition to growing demand in industrial expansion and government initiatives.
Why Technological Advancement in hardware keeps it upfront?
The market is divided into hardware, video management software and services. The hardware accounted for 41.2% of the global market share and is expected to hold that position over the next ten years. Due to technical developments such as the integration of Big Data and the Internet of Things (IoT), the deployment of deep learning algorithms to record real-time video, etc., and rising security issues across multiple verticals, IP cameras are predicted to further fuel market expansion in this segment.
What factors in analog video surveillance systems segment increase adoption in Video Surveillance Market?
Based on type, the market is segmented into the analog video surveillance systems and IP video surveillance systems segment as well. In 2022, analog video surveillance systems accounted for 58.7% of the global market share and are expected to maintain their position over the next ten years. Due to the development of IP cameras, which has several benefits.
Thus, this would improve the overall quality of video surveillance products, enabling the market share to be held by this industry by a wide margin.
Major video surveillance companies are focusing on partnering and R&D with other organizations to provide more care.
Recent developments related to key players providing video surveillance market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
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Attribute |
Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2018-2022 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Component:
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In 2022, the market value of video surveillance was US$ 45,122.1 Mn.
The global video surveillance market is estimated to advance at 8.4% CAGR through 2033.
The market for video surveillance is forecasted to climb to US$ 108,287.7 Mn by 2033 end.
Demand for video surveillance market in China is projected to rise at a CAGR of 10.4% over the forecast period.
In 2022, the North America video surveillance market held a dominant market share of 25.5%.
