Video surveillance market projected to grow at a CAGR of 10.4% during 2020–2025.
The global video surveillance market size is expected to grow from USD 45.5 billion in 2020 to USD 74.6 billion by 2025, at a CAGR of 10.4%. Increasing concerns about public safety and security, growing adoption of IP cameras, and rising demand for wireless and spy cameras are the factors driving the growth of the video surveillance industry. However, violation of privacy is a major restraint.
Growing government and stakeholder funding for developing smart cities and employing city surveillance solutions, rising demand for VSaaS services, ongoing technological advancements in Big Data, IoT, and cloud-based services, and increasing trends of artificial intelligence and deep learning for video surveillance systems will provide opportunities to players in the video surveillance market during the forecast period.
Based on the system, the IP video surveillance system market to grow at the highest CAGR during the forecast period The growth of the IP video surveillance systems market is mainly due to the shift from analog to IP systems.The key advantages of IP systems include enhanced image quality, high scalability, easy installation, and remote accessibility with network-based models.
These systems provide the basic platform for software such as video analytics, VMS, and cloud storage, among others.The market for IP video surveillance systems is expected to grow at a rapid pace in the near future owing to technological advancements in IP cameras as well as in the storage device industry.
The declining prices of IP cameras and IP surveillance systems have also contributed to the increasing applicability of these systems in the commercial vertical, which includes enterprises and data centers, retail stores and malls, and banks and financial buildings.
Based on offering, the software market is expected to grow at a high rate from 2020 to 2025. The software mainly includes video analytics and video management system.Adoption of artificial intelligence (AI) and deep learning are major factors that are contributing to the growth of the software market.
AI for video surveillance uses machine learning algorithms to monitor and analyze images, videos, and data recorded from video surveillance footage.It is also capable of analyzing the behavioral movements of human beings, vehicles, and other objects and can prevent potential attacks.
With the help of machine-based vision, AI can store the data and trigger alerts to the respective individuals and authorities for the recognition of threats. AI is also used in crowd management, retail management, license plate recognition, and many more applications related to the video surveillance market.
APAC video surveillance to grow at significant CAGR during the forecast period Rising security concerns, increasing spending on security equipment from the various countries, growing adoption of IP cameras for various applications such as enterprises, retail, banking & finance, transportation, and city surveillance is the major driving factor for the market.City surveillance is a prominent application in the APAC market.
Cities need innovative solutions to overcome long-term challenges such as controlling traffic flows, controlling security breaches, and managing city surveillance owing to rapid urbanization.
Governments in developing economies, including China and India, are focusing on developing smart cities, through huge government and stakeholder funding, to curb the long-term challenges arising from growing urbanization. Video surveillance can be used efficiently for traffic monitoring, operations monitoring, law enforcement, vandalism deterrence, and remote and mobile monitoring applications.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the video surveillance market space. The break-up of primary participants for the report has been shown below: • By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25% • By Designation: C-level Executives – 35%, Directors – 40%, and Others – 25% • By Region: North America – 30%, Europe – 18%, APAC – 45%, and RoW – 7%
The report profiles key players in the global video surveillance market with their respective market ranking analysis. Prominent players profiled in this report are Hikvision (China), Dahua Technology (China), Axis Communications (Sweden), Bosch Security and Safety Systems (Germany), Hanwha Techwin (South Korea), Avigilon, a Motorola Solutions Company (Canada), FLIR Systems (US), Honeywell Commercial Security (US), Panasonic i-PRO Sensing Solutions (US), Pelco (US), Agent Video Intelligence (US), CP Plus (India), Genetec (Canada), Huawei Technologies (China), NEC (Japan), Nice Systems (Israel), Qognify (US), Tiandy Technologies (China), VIVOTEK (Taiwan) and Zhejiang Uniview Technologies (China). The study includes an in-depth competitive analysis of these key players in the video surveillance market, with their business overview, recent developments, and key market strategies for leaders.
Research Coverage: This research report categorizes the global video surveillance market by system, offering, vertical, and geography.The report describes the major drivers, restraints, challenges, and opportunities pertaining to the video surveillance industry and forecasts the same till 2025.
Also, the report consists of a market ranking analysis of key players operating in the video surveillance market.
Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways: 1. This report segments the video surveillance market comprehensively and provides the closest market size projection for all subsegments across different regions. 2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. 3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes market ranking analysis of major players, product launches, partnerships and collaborations, agreements, and acquisitions.
Our reports have been used by over 10K customers, including:
The global North America physical security market size is projected to grow from USD 37.4 billion in 2021 to USD 48.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. Major driving factors for the North America physical security market include rise in security breaches, fraud, and data identity thefts,...
The global hardware wallet market was valued at USD 202.40 million in 2020, and it is expected to be valued at USD 795.32 million by 2026 and grow at a CAGR of 26.72% over the forecast period (2021-2026). Hardware wallets are the physical devices that store private keys for cryptocurrencies offline in an encrypted device. Private keys in these...
The Smart Label Market is expected to grow at a CAGR of 13.2% over the forecast period (2021-2026). Smart labels are becoming one of the most popular technologies across the retail, healthcare, and logistics sectors, and are viewed as an ideal means to achieve greater efficiencies and profitability while providing the authenticity of an item...
The global commercial security system market size is projected to grow USD 223.9 billion in 2021 to USD 342.6 billion by 2026; it is estimated to grow at a CAGR of 8.9% during the forecast period. Key factors contributing to the growth of the commercial security system market include the rising number of terrorist attacks and organized crimes...
The global city surveillance market is expected to register a CAGR of 5% over the forecast period, 2021 - 2026. Growing concerns regarding public safety and security are fueling the adoption of IP cameras and video management systems across the world. Increased investment in smart city projects and reduced IP camera prices, coupled with technological...
In the post-COVID-19 scenario, the global zero trust security market size is projected to grow from USD 19.6 billion in 2020 to USD 51.6 billion by 2026, recording a compound annual growth rate (CAGR) of 17.4% from 2020 to 2026. The market growth is driven by various factors, such as increasing cyber-threats, growing mandates from government...
The Global Video Analytics Market was valued at USD 1528.1 million in 2019, and it is expected to reach USD 4142.7 million by 2025, registering a CAGR of 24.5% during the period of 2020-2025. Analytics has enabled various end-users in the usage of specific data insights into actionable intelligence for numerous functions. The ideas could be...
The global threat intelligence market size is projected to grow from USD 10.9 billion in 2020 to USD 16.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period. The increasing venture capital funding and growing investments in threat intelligence to drive market growth. By application, the...
The global smart home safety market is expected to register a CAGR of 17.27% during the forcast period 2020-2025. - Smart home safety devices can be connected to Wi-Fi and accessed from anywhere using smart devices, such as smartphones, smartwatches, or voices. The smart home safety market is driven by the increasing crime rates across...
The global hardware wallet market was valued at USD 178.20 million in 2019, and it is expected to be valued at USD 661.23 million by 2025, registering a CAGR of 26.72%, during 2020-2025. Hardware wallets are the physical devices that store private keys for cryptocurrencies offline in an encrypted device. Private keys in these wallets are required...
Near Field Communication
High Net Worth Individuals Number
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.