Security Camera Market Updates

Global Security Camera market size was valued at USD 35.43 Billion in 2023 and is poised to grow from USD 39.25 Billion in 2024 to USD 89.17 Billion by 2032, growing at a CAGR of 10.8% during the forecast period (2025-2032).

To remain competitive in the Security Camera market, key players emphasize AI-based video analytics, edge computing, and seamless cloud integration. Companies are forming strategic alliances to accelerate innovation and market penetration. Enhanced cybersecurity features and region-specific product customization are gaining importance to meet regulatory and customer demands. Investments in real-time monitoring and smart detection capabilities further drive differentiation and long-term growth across diverse market segments. 'Honeywell International Inc.', 'Cisco Systems, Inc.', 'Panasonic Holdings Corporation', 'Robert Bosch GmbH', 'Teledyne FLIR LLC', 'Milesight', 'Dahua Technology Co., Ltd.', 'Swann Communications Pty. Ltd', 'Arlo Technologies Inc', 'Axis Communications AB (Canon Inc.)', 'Eagle Eye Networks', 'Spot AI', 'Rhombus Systems', 'Wyze', 'Hikvision Digital Technology Co., Ltd.', 'Avigilon', 'Hanwha Vision (Hanwha Techwin)', 'Uniview Technologies Co., Ltd.', 'Vivotek Inc.', 'Verkada'

Retail and hospitality chains are rapidly scaling camera installations to meet stringent compliance norms around data security, loss prevention, and workplace safety. For instance, in 2023, Walmart expanded its AI-based surveillance coverage across over 4,700 U.S. stores to comply with OSHA guidelines and to tackle $3 billion in annual shrink losses. Similarly, Marriott integrated advanced surveillance tech in over 500 properties globally to meet GDPR and regional guest safety regulations. Regulatory pressure combined with brand protection mandates is now a strategic driver, especially across developed markets.

Short-Term: AI-integrated cameras are rapidly enhancing urban surveillance. At the 2024 Paris Olympics, over 200 AI cameras from Wintics monitored public spaces, detecting anomalies in real-time. Dahua and Hikvision also rolled out facial recognition-enabled models. Governments are increasingly adopting these technologies for crowd control and crime prevention. However, the push for public safety is sparking debates around data privacy and AI ethics, prompting calls for stricter regulatory frameworks.

Why is Demand for Security Cameras Fueling Growth in North America?