Video Surveillance Market Size, Share, Analysis & Forecast 2025

Global Video Surveillance Market Size and Share – by Platforms (Hardware and Software), Industries (Commercial, Residential, Infrastructure, Industrial, and Institutional), Service (Hosted, Managed, and Hybrid), and Regional Forecast (2017–2025)

Publication Month : Mar 2018

  • Report Code : TIPTE100000143
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 176
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The global video surveillance market was evaluated at US$ 16.9 billion in 2016 and is projected to hit US$ 43.8 billion by 2025, expanding at a CAGR of 11.8% during 2017-2025.

The increasing security concerns leading to IP cameras adoption and the rising incorporation of artificial intelligence (AI) in video surveillance systems are the potential parameters assisting the global video surveillance market growth. Contrary to this, threats to data security and lack of standardization in third-world countries hinder the market expansion.

Video surveillance and monitoring constitute feeding the real-time videos and imageries captured. Security concerns owing to unusual events lead to the burgeoning demand for advanced surveillance systems worldwide. The systems not only capture and store the images and videos but also serves for further evaluation and investigation. The major advantages of video surveillance comprise gathering sufficient information, remote monitoring, maintaining records, and facilitating decision-making. Several market players are integrating IP cameras with video analytics software to analyze captured imageries automatically.

Regionally, North America held the largest share of the global video surveillance market in 2016 and is likely to retain its dominance over the forecast period. Asia Pacific is expected to surge with the highest CAGR during the forecast period.

Future Trends

Technological Advancement in Hybrid Video Surveillance Service

The most widely used video surveillance service among the end users accounted for hosted service. Currently, the video surveillance market is witnessing a technology shift from analog cameras to IP ones among large enterprises. Various video surveillance system manufacturers and software companies have been developing hybrid video surveillance services, combining the capabilities of analog and IP cameras. Large-scale adoption of hybrid technologies reduces the front-line costs for end users. Enabling the users to connect the cameras with cloud-based services such as google drive, onedrive, and dropbox stands as another major advantage of hybrid services. Thus, the advent of hybrid technology has minimized the problem of data storage. It is anticipated to furnish the future of global video surveillance market.

Drivers

Increasing Security Concerns Leading to the Surging Adoption of IP Cameras

These days, video surveillance is more than just observing, recording, and storing data. Various fraudulent activities compelled governments to opt for video surveillance systems. Besides, the increasing initiatives for smart city across several developed and developing economies also serves as driving factors for the global video surveillance market. IP cameras are preferred over traditional surveillance cameras, as they transfer captured data or imageries directly over the internet within a fraction of a second. The option of installing video analytics software in IP cameras for automatic analysis of imageries also increases the end-user’s interest. Since civil unrest activities have been growing over the years, IP cameras are being installed in industries, residential complexes, shopping malls, and other vulnerable locations, eventually driving the global video surveillance market growth.

Incorporation of Artificial Intelligence (AI) in Video Surveillance Systems

The need for video analytics, big data, and internet of things (IoT) in video surveillance systems is attributed to reduce the analysis timing and improve decision-making capabilities. The AI facilitates monitoring, feeding the captured imageries, and alerting the guards in case of suspicious activities in or around workstations. Video surveillance integrated with artificial intelligence offers a wide range of applications such as facial recognition, motion detection, license plate reading, and counting the number of people in retail stores or shopping malls. The processing power of modern video surveillance cameras has increased fourfold with the incorporation of AI, which in turn enhanced the hosting power of analytics tools. Analytics software reviews the situation with higher efficiency providing accurate results in less time.

Restraints

Threat to Data Security

Though the adoption of video surveillance systems has been increasing, they are susceptible to hacking and pose a major threat to data security in multiple ways. The analog video surveillance systems integrated with various software require timely upgrades for better performance. However, if the software is back-dated and lacks updates, the video surveillance becomes prone to hacking, as it becomes easier to breach. This causes loss of crucial information being streamed, making the workstation vulnerable to cyber-attacks. Moreover, modern video surveillance cameras or IP cameras operate over wi-fi, increasing the risk of data losses. The open network of wi-fi connections enables hackers to connect the end-user’s surveillance cameras without being physically on the network. Several customers are therefore limiting the procurement of video surveillance cameras, jeopardizing the global video surveillance market expansion.

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Global Video Surveillance Market: Strategic Insights

video-surveillance-market
Market Size Value inUS$ 18.3 billion in 2017
Market Size Value byUS$ 43.8 billion by 2025.
Growth rateCAGR of 11.8% from 2018-2025
Forecast Period2018-2025
Base Year2018
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Market Segmentation

By Platform

Data Storage and Analysis Elevated the Segmental Growth

The global video surveillance market, by platform, is split into hardware and software. The former led the market in 2017 with the highest revenue share and is expected to continue dominating till 2025. The hardware platform consists of cameras, monitors, and storage devices. It constitutes the most integral component of video surveillance systems as it gathers the imageries and feeds the monitors for human check. Besides, the storage devices hold the data for future analysis and investigation. Hardware systems differ as per the vendors and are sometimes customized according to specific requirements.

The software platform plays a crucial role in video surveillance, facilitating the human inspection to scrutinize all the situations. Software allows live streaming of videos over multiple cameras simultaneously. Alarm management systems equipped with software alert the security in case of a suspicious event or if the camera is being tampered. The video management software comes configured as per exclusive requirements offering various features such as audio and video playbacks, video compression saving bandwidth, and search functions to review the recordings. EyeLine Video Surveillance Software, iSpyConnect, ContaCam, and Xeoma are some of the leading video management software available.

Video Surveillance Market, by Platform, 2017 and 2025 (%)

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By Industries

Requirement Across Commercial Spaces Strengthened the Segment’s Dominance

Based on industries, the global video surveillance market is segmented into commercial, residential, industrial, infrastructure, and institutions. The commercial segment occupied the largest market share in 2017 and is likely to continue leading over the forecast period. Video surveillance systems are heavily deployed across commercial sectors in both developed and developing countries. Banks, financial institutions, ATMs, hospitals, shopping malls, retail stores, warehouses, and data centers mandate video surveillance systems. Moreover, the industries incorporate a considerable number of security cameras and keep upgrading the same with latest technologies at timely intervals.

The infrastructure segment follows the commercial in occupying the global video surveillance market. Airports, bus and railway stations, subways, fuel stations, traffic signals, stadiums, parks, and recreational centers require a thorough surveillance. The video surveillance systems provide the authorities with crucial video insights to maintain a high-level security. The government initiative of increased procurement of video surveillance systems to protect civilians and public places from unusual instances is driving the segmental growth.

Regional Insights

Geographically, the global video surveillance market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and Middle East & Africa (MEA).

North America encompassed the largest market share in 2017 and is projected to retain its dominance till 2025, growing at a considerable CAGR. The demand for monitoring and video surveillance systems from government entities, defense authorities, and private organizations in North America is increasing. Government standardized the usage of high-tech video surveillance solutions. Also, the continuous innovation of hardware and software in video security solutions increases the interest among the end-users. The trend of technology shift from analog to network-based video surveillance cameras is also prevailing in the region, leading to the large-scale adoption of IP cameras.

Asia Pacific is the most promising and influential market for video surveillance due to huge investments in the development of robust surveillance technology. Governments of China, India, Australia, and Japan are spending huge on the development and procurement of robust video surveillance solutions. Rising industrialization and commercialization across the region, traffic surge due to public and private transport, rising infrastructure, and the presence of various tier 2 and tier 3 companies operating in the video surveillance solutions are the potential elements fueling the market growth.

Lucrative Regions for Video Surveillance Market Providers

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Key Market Players:

  • Honeywell International Inc. (US)
  • Panasonic Corporation (Japan)
  • Robert Bosch GmbH (Germany)
  • Samsung Electronics Co., Ltd. (Korea)
  • Sony Corporation (Japan)
  • Pelco (Schneider Electric) (US)
  • IndigoVision Group Plc (UK)
  • FLIR Systems Inc. (US)
  • Axis Communication AB (Sweden)
  • Dahua Technology Co., Ltd. (China)

Key Developments:

  • January 2018:

    Honeywell upgraded its MAXPRO video management and equipped series camera line portfolio to enhance the security by effective and efficient video surveillance, especially for complex buildings environment.
  • January 2018:

    Panasonic introduced the Lumix DMC-GH5S, a mirrorless camera featuring low-light performance better than GH5.
  • September 2016:

    Robert Bosch expanded its foothold in India, with more than 14,000 engineers in the new development hub. It emphasizes security systems, driver assistance, software solutions, and data mining.

Report Coverage

The global video surveillance market research report provides detailed insights into the market in terms of size, share, trends, and forecasts. It delivers crisp and precise know-how of drivers, restraints, opportunities, segments, and industrial landscape. A list of key market players with their respective developments in recent years has been reserved as a special mention.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Platforms, Industries, and Service

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

1. Honeywell International Inc.
2. Panasonic Corporation
3. Sony Corporation
4. Pelco (Schneider Electric)
5. Samsung Electronics Co., Ltd.
6. Robert Bosch GmbH
7. IndigoVision Group Plc
8. FLIR Systems Inc.
9. Axis Communications AB
10. Dahua Technologies Co., Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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