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

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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

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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