Global Video surveillance Market

Global Video Surveillance Market Size, Share, Growth Analysis, By Offering(Hardware, Software), By System(Analog Video Surveillance Systems, IP Video Surveillance Systems) - Industry Forecast 2024-2031


Report ID: SQMIG45A2132 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 63 | Figures: 75

Global Video Surveillance Market Insights

Global Video Surveillance Market size was valued at USD 48.20 billion in 2022 and is poised to grow from USD 52.68 billion in 2023 to USD 107.31 billion by 2031, at a CAGR of 9.3% during the forecast period (2024-2031).

The demand for security in both public and private settings, which includes places like schools, airports, businesses, and households, is the main driver of this increase. Intelligent video surveillance systems are required by the emergence of smart cities to keep an eye on a variety of activities. Because of their scalability and affordability, cloud-based solutions are becoming more popular. Additionally, developments like Artificial Intelligence (AI) and deep learning are improving the efficacy of monitoring, which will greatly aid the industry's growth in the coming years. The video surveillance market will expand significantly in the Asia Pacific area between 2023 and 2030. A number of variables, including rising security concerns, regional economic growth, and infrastructural construction, might be blamed for this surge. For instance, Infinova, a leading provider of video surveillance systems, won a sizable contract in April 2023 to offer video surveillance solutions for more than 60 airports in India. This contract calls for the installation of more than 6,000 cameras, including flexible high-speed PTZ domes, hardy vandal-proof minidomes, and flexible day/night fixed cameras. These cameras are located in key airport locations, such as the check-in sections, baggage screening areas, and boarding gates. These cameras are anticipated to improve airport operations beyond enhancing security by keeping track of passenger and cargo movement.

Businesses all over the world are strategically investing in video surveillance systems with AI capabilities. In order to automate processes like object and facial identification and free up human operators to concentrate on more important security duties, AI-driven video analytics are crucial. Security measures are greatly improved by AI's ability to detect undetectable dangers like illegal presence or abandoned objects. AI-driven systems also provide scalability by effectively processing enormous volumes of video data, making them appropriate for installation in large-scale settings like stadiums and airports. Adopting AI ensures adaptability to developing technologies, enabling firms to uphold high security standards and maintain leadership in safety precautions.

Video surveillance systems are being transformed into priceless commercial solutions by the use of advanced analytics. The identification of intrusions and the monitoring of traffic flow are made possible by AI-driven object detection and tracking. Behavioral analytics track the movements of people or things, identifying odd behavior or keeping an eye on how customers and employees behave. Heatmaps offer insights into active video regions, assisting in detecting high-traffic zones or potential criminal hotspots, while face recognition technology increases security by confirming access or following persons. The scene analysis capabilities of AI can recognize items, people, and activities, and it can be used for a variety of tasks, such as reconstructing crime scenes and gathering evidence for investigations. The introduction of 5G technology has brought about important advantages for video monitoring. Real-time high-definition video streams may be transmitted thanks to 5G's greater bandwidth and lower latency, which is essential for live monitoring and video analytics. Numerous devices may be connected to it thanks to its broad range of connectivity options, which makes applications like traffic control and crowd surveillance possible. Stronger encryption preserves video data while greater mobility enables flexible camera placement, which is beneficial for event monitoring and public safety in particular. Additionally, 5G's affordability encourages the deployment of more cameras and sensors, which ultimately lowers overall monitoring costs.

Market snapshot - 2024-2031

Global Market Size

USD 48.20 billion

Largest Segment

Hardware

Fastest Growth

Hardware

Growth Rate

9.3% CAGR

Global Video surveillance Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Video surveillance Market By Offering ($ Bn)
Global Video surveillance Market By Offering (%)

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Global Video Surveillance Market Segmental Analysis

The global video surveillance market is segmented on the basis of offering, system, and region. In terms of offering, the market is segmented into hardware, software, and service. Based on system, the market is segmented into analog video surveillance systems, IP video surveillance systems, hybrid Video Surveillance Systems. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Video surveillance Market Analysis by Offering

The hardware segment includes surveillance cameras, which can be further categorized into analog cameras, IP cameras, and wireless cameras. Analog cameras are the traditional cameras that capture and transmit video signals via coaxial cables. IP cameras are digital cameras that transmit video signals over an IP network. Wireless cameras are connected to a wireless network and transmit video signals wirelessly. Other hardware components include recorders, such as digital video recorders (DVRs) and network video recorders (NVRs), and storage devices, such as hard disk drives (HDDs) and solid-state drives (SSDs). The software segment includes video management software, which enables the management and control of video surveillance systems, and video analytics software, which analyzes video data to detect and alert users of suspicious behavior and events. Other software solutions include facial recognition software, license plate recognition software, and object detection software. The services segment includes installation and maintenance services, which are provided by vendors to ensure the proper installation and functioning of video surveillance systems. Consulting services are provided to help customers choose the right video surveillance solutions for their specific needs. Other professional services include system integration and customization services.

Global Video surveillance Market Analysis by System

With a revenue share of more than 54% in 2022, the sector of IP video surveillance systems dominated the market in terms of system type. This is attributable to an increase in the demand for premium video surveillance products, lower IP camera prices, and the growing popularity of cloud-based video surveillance. Compared to conventional analog video surveillance systems, IP video surveillance systems offer greater scalability and flexibility since they use digital technology for sending and receiving video signals through IP networks. IP cameras are ideal for distributed and large environments because they provide control and remote monitoring.

The market for hybrid video surveillance systems is anticipated to experience significant expansion over the upcoming years. This is a result of hybrid video surveillance systems becoming more and more common, which combine modern IP features with the adaptability of analog systems. These hybrid solutions are applicable in a variety of settings, including homes, schools, and businesses. They are also a cost-effective choice for companies looking for effective video surveillance systems due to their user-friendly installation and maintenance.

Global Video surveillance Market Analysis by Verticals

In 2022, the commercial sector dominated the global video surveillance market, accounting for over 35% of the total revenue. The significant share is a result of the expanding demand for video surveillance systems across various commercial applications. These applications include safeguarding critical infrastructure in data centers and businesses, preventing crime and reducing fraud in banking and finance institutions, and improving security in warehouses and hospitality facilities. Retail environments for theft deterrence and customer behavior analysis are also included. For instance, in August 2023, VIVOTEK, a well-known Taiwanese maker of video security systems, unveiled a comprehensive solution for a major logistics center in Japan by installing 14 IB9368-HT bullet network cameras and 105 FE9380-HV 360-degree cameras inside the warehouses. Blind spots are removed by these cameras' panoramic views of the entire space. Consequently, the new video system has assisted the logistics company in increasing the security and efficiency of its facility.

In the market's forecasted years, the industrial segment is expected to have significant growth. The increased need for security in industrial facilities to deter theft, vandalism, and other criminal activity is what is causing this growth. Additionally, the need for video surveillance systems—which are crucial for managing and monitoring operations—is being fueled by the growing adoption of smart manufacturing technology. This increase is further fueled by the increased need to comply with safety requirements, notably those pertaining to occupational health and environmental protection. In addition, incorporating deep learning and artificial intelligence into video surveillance improves its effectiveness in the industrial sector.

Global Video surveillance Market By Offering, 2023 (%)

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Global Video Surveillance Market Regional Insights

Asia Pacific market is expected to dominate the global video surveillance market, with China holding a major share. The Chinese government has taken active initiatives to promote the use of surveillance systems, including the 'Sharp Eyes' project and the completion of the 'Skynet video surveillance program' which is the world's largest video-surveillance network. These initiatives are likely to drive the growth of the video surveillance market in the region.

North America in the video surveillance market is also expected to experience significant growth in the coming years due to increasing external and internal human threats. Many cities in the United States have already adopted advanced surveillance systems, such as the deployment of facial recognition cameras by the local police to identify and arrest protestors during the Baltimore riots.

Global Video surveillance Market By Region, 2024-2031
  • Largest
  • Fastest

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Global Video Surveillance Market Dynamics

Global Video surveillance Market Drivers

Emergence of AI Surveillance Technology Would Ensure to Drive Growth

  • Artificial intelligence technology has gained traction in recent years. According to a paper published by Carnegie Endowment for the International Peace Organization, in 2019, out of a total of 176 countries, 75 countries are actively leveraging artificial intelligence capabilities for surveillance purposes including facial recognition systems, smart cities, and others. This data reflects that the growing smart city initiatives & developments and facial recognition applications are likely to drive the adoption of surveillance systems using cameras during the forecast period.

Growing Adoption of Body-worn Cameras to Drive Growth

  • The increasing use of body-worn cameras by the security forces or law enforcement agencies has led to an adoption of these cameras across other industries such as healthcare and retail. Body-worn cameras have several benefits in industries such as healthcare, retail, and hospitality to improve customer relations, enhance workforce protection, and help prevent unusual activities. A body-worn camera enables the employees to capture real-time events and send real-time threat alerts and notifications to the security authorities. Considering the above-mentioned factors, the video surveillance market players are integrating body-worn cameras and video analytics capabilities to address the requirements of the end-users.

Global Video surveillance Market Restraints

Privacy and Security Concerns Regarding Video Data

  • Pervasive usage of video surveillance is promptly increasing in developed countries. Continuous security threats to public safety demand the use of such systems. Contemporary video surveillance systems offer advanced functionalities which threatens the privacy of those recorded in the video. There is a need to balance the usage of video surveillance against its negative impact on privacy. Recently, some countries have looked to use this capability to help with the coronavirus outbreak and enforcing stay-at-home and social distancing mandates.

High Installation and Maintenance Costs

  • The cost of installing and maintaining surveillance cameras can be high, especially for large-scale projects. The cost of implementing a comprehensive video surveillance system with advanced features can be prohibitive for small and medium-sized businesses.

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Global Video Surveillance Market Competitive Landscape

Both established and emerging players are present in the market, which defines it. For the purpose of maximizing their market positions, the major competitors in this industry are actively concentrating on mergers and acquisitions. In order to gain a larger piece of the market, new and inventive businesses are also interested in improving the current video surveillance services they offer. For instance,  the safety solutions company Becklar, LLC purchased Eyeforce Inc. in June 2023. Eyeforce Inc. was a well-known supplier of monitored remote guarding solutions. With a wider and more advanced selection of linked safety solutions in the North American market, the acquisition seeks to enhance Becklar LLC's offerings for its dealers. As a result, Eyeforce Inc. uses live audio response, AI analytics, and video monitoring to improve safety, deter crime, and lower theft and loss in commercial premises. This increases the possibilities of the recently formed partnership in the market for safety solutions.

Top Player’s Company Profiles in Global Video surveillance Market

  • Bosch Security Systems Inc. (Germany)
  • Axis Communications AB (Sweden)
  • Honeywell International Inc. (US)
  • Panasonic Corporation (Japan)
  • Avigilon Corporation (Canada)
  • FLIR Systems Inc. (US)
  • Tyco International Ltd. (Ireland)
  • Genetec Inc. (Canada)
  • March Networks Corporation (Canada)
  • Huawei Technologies Co. Ltd. (China)
  • Zhejiang Uniview Technologies Co. Ltd. (China)
  • CP Plus International (India)
  • Uniview Technologies Co. Ltd. (China)
  • Pelco Inc. (US)
  • VIVOTEK Inc. (Taiwan)
  • IDIS Co. Ltd. (South Korea)
  • Agent Video Intelligence Ltd. (Israel)

Global Video surveillance Market Recent Developments

  • In April 2024, LenelS2, a provider of advanced physical security systems, and Hanwha Vision, a provider of video surveillance solutions, have formed a new strategic partnership. As part of this collaboration, LenelS2 will serve as a reseller of Hanwha Vision cameras in the Americas. This partnership is a significant development, as it enables end users to access the complete range of Hanwha Vision IP cameras through LenelS2's authorized value-added resellers (VARs), alongside LenelS2's existing product and services offerings.  
  • In February 2024, Motorola Solutions Inc. (MSI) signed a multi-year agreement with Google Cloud to tackle public safety and enterprise security challenges. This collaboration seeks to improve the integration and analysis of safety and security data through Motorola's cloud solutions.  
  • In January 2024, Versuni, renowned for its leading domestic appliance brands, introduces the Philips Home Safety 5000 series. This series comprises various home safety appliances aimed at providing peace of mind and security for loved ones, regardless of location. The range includes an indoor 360° camera, a wireless spotlight camera, a wireless video doorbell, and motion sensor plugs featuring innovative combined Wi-Fi and thread sensing technology—a world-first in its category. The Series 5000 combines engineering excellence with an elegant design, available in light or dark grey, seamlessly integrating into any home environment. 

Global Video Surveillance Key Market Trends

  • Growing Trend of Deep Learning in Video Surveillance Software: Deep learning is the fastest-growing application of artificial intelligence. There is a substantial availability of deep learning algorithms and deep learning infrastructure for pattern analysis to the surveillance industry. The new versions of graphic processing units (GPUs) offered by vendors such as Nvidia Corporation provide deep learning algorithms for cameras and recorders. The capabilities of deep learning technology to facilitate video analytics and reduced calibration of algorithms drive a huge leap in the future use of video surveillance software. As a result, deep learning in surveillance systems is currently trending in the market.
  • Integration of Video Analytics in a Network Camera is Gaining Momentum: there is a growing trend of video analytics integration in network cameras. As advanced microprocessors are becoming available to the video surveillance system manufacturers, there is a substantial increase in the integration of analytics capabilities with the cameras. Surveillance using cameras integrated with intelligent analytics facilitates early detection and identification of criminal events. Owing to the advancements in analytics crowd detection, people-counting, facial recognition, automated number plate detection, and other such technologies can be easily incorporated with the surveillance software. the integration of video analytics with network cameras would contribute to expanding the video surveillance market size in the coming years.

Global Video Surveillance Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global video surveillance market analysis, the increasing security concerns, advancements in technology, and growing demand for surveillance systems in emerging economies are likely to augment growth. Here's a detailed analysis of the market. Analog video surveillance systems accounted for the largest share of the market in 2020, due to their low cost and ease of installation. The IP video surveillance systems segment is expected to witness significant growth during the forecast period, owing to their ability to provide high-definition video and better scalability. The video surveillance market is expected to continue its growth trajectory in the coming years, driven by increasing security concerns and advancements in technology. The market is highly competitive, with several players operating in the market, and is expected to witness significant growth in emerging economies such as Asia Pacific.

Report Metric Details
Market size value in 2023 USD 48.20 billion
Market size value in 2031 USD 107.31 billion
Growth Rate 9.3%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Offering
    • Hardware, Software, and Service
  • System
    • Analog Video Surveillance Systems, IP Video Surveillance Systems, and Hybrid Video Surveillance Systems
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Bosch Security Systems Inc. (Germany)
  • Axis Communications AB (Sweden)
  • Honeywell International Inc. (US)
  • Panasonic Corporation (Japan)
  • Avigilon Corporation (Canada)
  • FLIR Systems Inc. (US)
  • Tyco International Ltd. (Ireland)
  • Genetec Inc. (Canada)
  • March Networks Corporation (Canada)
  • Huawei Technologies Co. Ltd. (China)
  • Zhejiang Uniview Technologies Co. Ltd. (China)
  • CP Plus International (India)
  • Uniview Technologies Co. Ltd. (China)
  • Pelco Inc. (US)
  • VIVOTEK Inc. (Taiwan)
  • IDIS Co. Ltd. (South Korea)
  • Agent Video Intelligence Ltd. (Israel)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Video Surveillance Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Video Surveillance Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Video Surveillance Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Video Surveillance Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Video Surveillance Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Video Surveillance Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Video Surveillance Market size was valued at USD 48.20 billion in 2022 and is poised to grow from USD 52.68 billion in 2023 to USD 107.31 billion by 2031, at a CAGR of 9.3% during the forecast period (2024-2031).

Both established and emerging players are present in the market, which defines it. For the purpose of maximizing their market positions, the major competitors in this industry are actively concentrating on mergers and acquisitions. In order to gain a larger piece of the market, new and inventive businesses are also interested in improving the current video surveillance services they offer. For instance,  the safety solutions company Becklar, LLC purchased Eyeforce Inc. in June 2023. Eyeforce Inc. was a well-known supplier of monitored remote guarding solutions. With a wider and more advanced selection of linked safety solutions in the North American market, the acquisition seeks to enhance Becklar LLC's offerings for its dealers. As a result, Eyeforce Inc. uses live audio response, AI analytics, and video monitoring to improve safety, deter crime, and lower theft and loss in commercial premises. This increases the possibilities of the recently formed partnership in the market for safety solutions. 'Hangzhou Hikvision Digital Technology Co. Ltd. (China)', 'Dahua Technology Co. Ltd. (China)', 'Bosch Security Systems Inc. (Germany)', 'Hanwha Techwin Co. Ltd. (South Korea)', 'Axis Communications AB (Sweden)', 'Honeywell International Inc. (US)', 'Panasonic Corporation (Japan)', 'Avigilon Corporation (Canada)', 'FLIR Systems Inc. (US)', 'Tyco International Ltd. (Ireland)', 'Genetec Inc. (Canada)', 'March Networks Corporation (Canada)', 'Huawei Technologies Co. Ltd. (China)', 'Zhejiang Uniview Technologies Co. Ltd. (China)', 'CP Plus International (India)', 'Uniview Technologies Co. Ltd. (China)', 'Pelco Inc. (US)', 'VIVOTEK Inc. (Taiwan)', 'IDIS Co. Ltd. (South Korea)', 'Agent Video Intelligence Ltd. (Israel)'

Artificial intelligence technology has gained traction in recent years. According to a paper published by Carnegie Endowment for the International Peace Organization, in 2019, out of a total of 176 countries, 75 countries are actively leveraging artificial intelligence capabilities for surveillance purposes including facial recognition systems, smart cities, and others. This data reflects that the growing smart city initiatives & developments and facial recognition applications are likely to drive the adoption of surveillance systems using cameras during the forecast period.

Growing Trend of Deep Learning in Video Surveillance Software: Deep learning is the fastest-growing application of artificial intelligence. There is a substantial availability of deep learning algorithms and deep learning infrastructure for pattern analysis to the surveillance industry. The new versions of graphic processing units (GPUs) offered by vendors such as Nvidia Corporation provide deep learning algorithms for cameras and recorders. The capabilities of deep learning technology to facilitate video analytics and reduced calibration of algorithms drive a huge leap in the future use of video surveillance software. As a result, deep learning in surveillance systems is currently trending in the market.

Asia Pacific market is expected to dominate the global video surveillance market, with China holding a major share. The Chinese government has taken active initiatives to promote the use of surveillance systems, including the 'Sharp Eyes' project and the completion of the 'Skynet video surveillance program' which is the world's largest video-surveillance network. These initiatives are likely to drive the growth of the video surveillance market in the region.

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