Video Surveillance Market Forecast and Growth 2031

Video Surveillance Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Platforms (Hardware and Software), Industries (Commercial, Residential, Infrastructure, Industrial, and Institutional), Services (Hosted, Managed, and Hybrid), and Geography

  • Report Code : TIPTE100000143
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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The Video Surveillance market size is projected to reach US$ 114.55 billion by 2031 from US$ 51.78 billion in 2023. The market is expected to register a CAGR of 10.4 % in 2023—2031. Increasing security concerns drive the adoption of advanced video surveillance technologies are likely to remain key video surveillance market trends.

Video Surveillance Market Analysis

Expanding demand for business data and analytics, expanding acceptance of smart city projects, rising security concerns, and technological developments like Al-powered video analytics. All these elements work together to drive the growth of the video surveillance industry. The market is growing in part because of the necessity for real-time access to surveillance feeds and remote monitoring, as well as because of legislative requirements for increased security measures. The need for video surveillance has increased across several industries by its integration with other systems like access control and the Internet of Things.

Video Surveillance Market Overview

A security system that records images and videos, which can then be stored, transmitted over communication networks, or compressed, is called a video surveillance system. Systems for digital video surveillance can be employed in almost any setting. All types of organizations, including governments, businesses, financial institutions, and healthcare centers, are expected to implement security and monitoring protocols to a certain extent.

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Video Surveillance Market: Strategic Insights

Video Surveillance Market

  • CAGR (2023 - 2031)
    10.4 %
  • Market Size 2023
    US$ 51.78 Billion
  • Market Size 2031
    US$ 114.55 Billion

Market Dynamics

GROWTH DRIVERS
  • Deployment of AI- driven video analytics algorithms.
FUTURE TRENDS
  • Rapid Urbanization
OPPORTUNITIES
  • Increasing Adoption of Smart Devices for Remote Monitoring

Key Players

  • Honeywell International Inc.
  • Panasonic Corporation
  • Sony Corporation
  • Schneider Electric
  • Samsung Electronics Co., Ltd
  • Robert Bosch GmbH
  • IndigoVision Group Plc
  • FLIR Systems Inc.
  • Axis Communications AB
  • Dahua Technologies Co., Ltd

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Platforms
  • Hardware
  • Software
Service
  • Hosted
  • Managed
  • Hybrid
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Video Surveillance Market Drivers and Opportunities

Deployment of AI-driven video analytics algorithms.

The increasing integration of artificial intelligence (Al) technologies has been driving the growth of the video surveillance market. Al-driven video analytics algorithms make use of machine learning and computer vision techniques, in contrast to conventional approaches that depend on human operators to monitor and interpret video footage. This process is prone to errors and time restrictions.

Large volumes of video data are processed effectively by these algorithms, enabling real-time threat identification, object recognition, behavior analysis, and other advanced features.

Increasing Adoption of Smart Devices for Remote Monitoring

A significant increase in internet usage and related products has occurred in recent years, driven by the increasing use of powerful smartphones and tablets. Thanks to this increase in computing capacity, end users can now utilize smart devices to obtain surveillance data remotely and keep an eye on sites from a distance. The ability to wirelessly broadcast video from mobile cameras to central command centers has made mobile video surveillance increasingly ubiquitous. The need for real-time and remote surveillance data access has grown dramatically as users managing many business locations look for these kinds of features.

Video Surveillance Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Video Surveillance market analysis are platforms, industries, and services.

  • Based on platforms, the video surveillance market is divided into hardware and software. The software segment is anticipated to grow in the forecast period.
  • By industries, the market is segmented into commercial, residential, infrastructure, industrial, and institutional. The commercial segment is anticipated to grow in the forecast period.
  • Based on services, the video surveillance market is divided into hosted, managed, and hybrid. The hosted segment is anticipated to grow in the forecast period.

Video Surveillance Market Share Analysis by Geography

The geographic scope of the video surveillance market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has dominated the video surveillance market. High technology adoption trends in various industries in the North American region have fuelled the growth of the video surveillance market. Factors such as increased adoption of digital tools and high technological spending by government agencies are expected to drive the North American video surveillance market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has many video surveillance market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the video surveillance market.

Video Surveillance Market Report Scope

Report Attribute Details
Market size in 2023 US$ 51.78 Billion
Market Size by 2031 US$ 114.55 Billion
Global CAGR (2023 - 2031) 10.4 %
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Platforms
  • Hardware
  • Software
By Service
  • Hosted
  • Managed
  • Hybrid
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Honeywell International Inc.
  • Panasonic Corporation
  • Sony Corporation
  • Schneider Electric
  • Samsung Electronics Co., Ltd
  • Robert Bosch GmbH
  • IndigoVision Group Plc
  • FLIR Systems Inc.
  • Axis Communications AB
  • Dahua Technologies Co., Ltd
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Video Surveillance Market News and Recent Developments

    The video surveillance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

    • In April 2024, - Axis Communications, one of the global leaders in network video surveillance, proudly introduced Axis Cloud Connect, an open cloud-based platform designed to provide customers with more secure, flexible, and scalable security solutions. With two decades of experience in cloud connectivity and over a million cloud-connected Axis cameras in use currently. Axis Cloud Connect is tailored to work seamlessly with Axis devices, empowering businesses with a comprehensive suite of managed services that support system and device management, video and data delivery, and meet high demand for cybersecurity.

    (Source: Axis Communications, Press Release, 2024)

    • In March 2024, Transline Technologies Limited, the Delhi-based tech giant, and its collaboration with RailTel Corporation of India Ltd and TCIL for the implementation of its state-of-the-art Integrated Control and Command Center (ICCC) as part of the video surveillance system project for Indian Railways will prove to be very crucial for tech-related industry.

    (Source: Transline Technologies Limited, Press Release, 2024)

    Video Surveillance Market Report Coverage and Deliverables

    The "Video Surveillance Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter's Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments.
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
    • Detailed company profiles
    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

    Frequently Asked Questions


    What will be the market size for the global video surveillance market by 2031?

    The global video surveillance market is expected to reach US$ 114.55 billion by 2031.

    Which are the key players holding the major market share of the video surveillance market?

    The key players holding majority shares in the global video surveillance market are Honeywell International Inc., Panasonic Corporation, Sony Corporation, Schneider Electric, Samsung Electronics Co., Ltd, Robert Bosch GmbH, IndigoVision Group Plc, FLIR Systems Inc., Axis Communications AB, Dahua Technologies Co., Ltd.

    What are the driving factors impacting the global video surveillance market?

    Increasing security concerns drive the adoption of advanced video surveillance technologies are the major factors that propel the global video surveillance market growth.

    What are the opportunities of the global video surveillance market?

    Increasing adoption of smart devices for remote monitoring are anticipated to play a significant role in the global video surveillance market in the coming years.

    What is the estimated market size for the global video surveillance market in 2023?

    The global video surveillance market was estimated to be US$ 51.78 billion in 2023 and is expected to grow at a CAGR of 10.4% during the forecast period 2024 - 2031.

    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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