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 2023-2030


Report ID: SQMIG45A2067 | Region: Global | Published Date: May, 2023 | Pages: 157 | Tables: 63 | Figures: 75

Global Video Surveillance Market Insights

Global Video surveillance Market size was valued at USD 44.10 billion in 2021 and is poised to grow from USD 48.20 billion in 2022 to USD 98.18 billion by 2030, at a CAGR of 9.3% during the forecast period (2023-2030).

The global video surveillance market is expected to witness notable growth owing to the increasing need for security solutions and advancements in technology. The market is expected to experience significant growth in the Asia-Pacific region, particularly in China and India, due to the increasing adoption of video surveillance systems in various sectors. The major trends in the video surveillance market is the increasing adoption of intelligent security systems. Video analytics software can be used to detect suspicious behavior and events, and alert security personnel in real-time.

The adoption of cloud-based video surveillance solutions is also increasing, as it allows for remote monitoring and management of video surveillance systems. The use of video surveillance systems has also raised concerns over privacy violations and civil liberties. The need for strict privacy regulations and cyber-security measures to protect video surveillance systems from cyber-attacks is becoming increasingly important. The video surveillance market is expected to continue growing due to the increasing need for security solutions and advancements in technology. However, the market will also face challenges related to privacy concerns and the need for cyber-security measures. The adoption of intelligent security systems and the growing trend of smart cities and homes are expected to create new opportunities in the market.

Market snapshot

Global Market Size

USD 44.10 billion

Largest Segment

Hardware

Fastest Growth

Hardware

Growth Rate

9.3% CAGR

Global Video surveillance Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
Global Video surveillance Market Size By Offering, 2022-2030 ($ Bn)
Global Video surveillance Market Size By Offering,2022-2030 (%)

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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

Analog video surveillance systems consist of analog cameras, DVRs, and other analog components. Analog cameras capture and transmit video signals via coaxial cables to a DVR, which records and stores the video footage. Analog video surveillance systems are typically used in small businesses and residential settings due to their low cost and reliability. IP video surveillance systems consist of IP cameras, NVRs, and other digital components. IP cameras capture and transmit digital video signals over an IP network to an NVR, which records and stores the video footage. IP video surveillance systems offer higher image quality and advanced features, such as remote viewing and video analytics. IP video surveillance systems are typically used in large businesses, government facilities, and other high-security settings. Hybrid video surveillance systems combine analog and IP cameras and offer a cost-effective way to upgrade existing analog systems. Hybrid systems can also integrate with other security systems, such as access control and fire alarms. Hybrid video surveillance systems are typically used in medium-sized businesses and organizations that want to upgrade their existing video surveillance systems without incurring high costs.

Global Video surveillance Market Size By Offering, 2022 (%)

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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 Size By Geography, 2022-2030
  • 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

The global video surveillance market is highly competitive, with several key players dominating the market. These companies focus on product innovation, strategic partnerships, and mergers and acquisitions to maintain their market position and expand their product portfolios. The competitive landscape of the global video surveillance market is expected to remain intense, with key players focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge in the market.

Top Player’s Company Profiles in Global Video surveillance Market

  • 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)

Global Video surveillance Market Recent Developments

  • In September 2021, Honeywell International Inc. launched a new video surveillance solution, which uses artificial intelligence and deep learning algorithms to provide real-time analytics and insights.
  • In July 2021, Dahua Technology Co. Ltd. launched a new AI-powered thermal imaging camera, which is capable of detecting human body temperature with high accuracy.
  • In May 2021, Hikvision announced the launch of a new 4K smart IP camera, which is designed to provide high-quality video surveillance in various environments.
  • In March 2021, Bosch Security Systems Inc. launched a new series of IP cameras with advanced features, including intelligent video analytics and edge-based recording.

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 2021 USD 44.10 billion
Market size value in 2030 USD 48.20 billion
Growth Rate 9.3%
Base year 2021
Forecast period (2023-2030)
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
  • 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)
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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.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Video surveillance Market size was valued at USD 44.10 billion in 2021 and is poised to grow from USD 48.20 billion in 2022 to USD 98.18 billion by 2030, at a CAGR of 9.3% during the forecast period (2023-2030).

The global video surveillance market is highly competitive, with several key players dominating the market. These companies focus on product innovation, strategic partnerships, and mergers and acquisitions to maintain their market position and expand their product portfolios. The competitive landscape of the global video surveillance market is expected to remain intense, with key players focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge in the market. '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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