Video Surveillance Market: Global Industry Analysis and Forecast (2023-2029), Market Key Trends, Vertical, Sales Volume, Market Share, Market Size

Video Surveillance Market size was valued at US$ 47.27 Bn. in 2022 and is expected to grow at a CAGR of 10.1% through 2022 to 2029. Asia Pacific region leads the Global Video Surveillance Market by 2029.
Global Video Surveillance Market Overview:
The Global Video Surveillance market was valued at US $ 47.27 Bn. in 2022, and it is expected to reach US $ 92.70 Bn. by 2029 with a CAGR of 10.1% during the forecast period. Video surveillance systems employ video cameras to keep an eye on people, facilities, or locations from afar. Video surveillance is a very effective and cost-effective way to protect people, buildings, and possessions.To know about the Research Methodology :- Request Free Sample Report
Global Video Surveillance Market Dynamics:
4K resolution video cameras are now available in modern video cameras. 4K IP video cameras have 27 times the resolution of analogue cameras, nine times the resolution of a typical HD camera (1,280 720), and four times the resolution of a Full HD camera (1,920 1,080). Even when enlarging a portion of a still image, these higher resolution cameras ensure that minor and finer aspects of the image stay evident. Video cameras with 4K resolution provide a more detailed image that allows for higher detail retrieval. Variable zoom lenses are also available on modern cameras, allowing for a closer field of view.

Many cameras now come with a built-in microphone that can transmit and record audio while the video is being recorded. Manufacturers have also implemented a variety of hardware innovations to increase video camera low-light performance. Internal heating is available on certain cameras for use in extremely cold conditions, and motion sensors are available on others to catch a subject within the camera's field of vision. Some firms, such as Hanwha Techwin (South Korea), have developed their own system on chip (SoC) called Wisenet7, which is equipped with the most advanced cybersecurity capabilities, such as a secure booting capability and signed firmware for both software and hardware.

As a result, a variety of factors, such as expanded camera capabilities, mature technology, features, and customized systems, are making it easier for integrators to satisfy the demand from end customers looking to modernize aging surveillance systems to suit their security and operational requirements.
Global Video Surveillance Market Segment Analysis:
Based on the Offering, the market is segmented into Hardware, Software, and Service. The hardware segment is expected to hold the largest market share of xx% by 2029. The hardware segment has a large market due to the fact that hardware accounts for more than 60% of the overall cost of a video surveillance system. As a result of expanding security concerns across different sectors, there is also an increase in the use of cameras deployed globally. As the industry shifts to IP cameras, a number of hardware-based advancements have emerged that improve low-light performance, object tracking, and security. Technological improvements have led to extremely specialized surveillance cameras that can be configured to zoom-in scan items, such as hazardous equipment.

Based on the Vertical, the market is segmented into Commercial, Infrastructure, Military & Defense, Residential, Public Facility, and Industrial. The commercial segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The commercial video surveillance market is being driven by the increasing importance of video surveillance systems as a result of heightened security concerns across applications such as retail, companies, and banks, and financial institutes. Due to security breaches such as inventory loss, robbery, illegal access, and other criminal activities, the business sector has seen an increase in demand for security solutions. In recent years, the need for surveillance systems has increased due to the fast growth of small enterprises, as well as retail establishments and malls.
Global Video Surveillance Market Regional Insights:
The Asia Pacific dominates the Global Video Surveillance market during the forecast period 2023-2029. The Asia Pacific is expected to hold the largest market shares of xx% by 2029. This is due to the increased population density in major cities and investments in smart city projects. The market growth in the Asia Pacific is being driven by an increase in the number of retail chains, small businesses, residential apartments, and hospitality businesses, as well as government initiatives in various countries to install video surveillance cameras in public places such as cities, schools, colleges, religious places, and airports. The growing population of developing countries like China and India, combined with falling video surveillance equipment costs, is driving considerable growth in smart video surveillance solutions.

As a result, the existence of various camera manufacturers, as well as the low cost of video surveillance systems, provides prospects for the industry in developing regions. Hikvision (China), Dahua Technology (China), Panasonic i-PRO Sensing Solutions (Japan), Hanwha Techwin (South Korea), and Uniview (South Korea) are among the well-known players in the region offering unique and advanced solutions (China).

The objective of the report is to present a comprehensive analysis of the Global Video Surveillance Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Video Surveillance Market dynamic, structure by analyzing the market segments and project the Global Video Surveillance Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Video Surveillance Market make the report investor’s guide.
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Global Video Surveillance Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 47.27 Bn.


Forecast Period 2023 to 2029 CAGR:
10.1%
Market Size in 2029:
US $ 92.70 Bn.


 Segments Covered:
by System
Analog
IP


by Offering
Hardware
Software
Service


by Vertical
Commercial
Infrastructure
Military & Defense
Residential
Public Facility
Industrial



Global Video Surveillance Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Video Surveillance Market Key Players
1. Avigilon Corporation
2. Axis Communications AB
3. Bosch Security Systems Incorporation
4. Flir Systems Incorporation
5. Hangzhou Hikvision Digital Technology Company Limited
6. Samsung Techwin Company Limited
7. Zhejiang Dahua Technology Company Limited
8. Dahua Technology Co., Ltd.
9. Mobotix AG
10.Geovision, Inc.
11.Genetec, Inc.
12.Honeywell Security Group
13.Infinova Corporation
14.Nice Systems
15.Panasonic System Networks Co., Ltd.
16.Pelco By Schneider Electric
17.Hanwha Techwin
18.BCD Video
19.CP Plus
20.Tiandy
21.Uniview
22.Vivotek
23.Zicom
Frequently Asked Questions:
1] What segments are covered in Global Video Surveillance Market report?
Ans. The segments covered in Global Market report are based on System, Offering, and Vertical.

2] Which region is expected to hold the highest share in the Global Video Surveillance Market?
Ans. Asia Pacific is expected to hold the highest share in the Global Video Surveillance Market.

3] Who are the top key players in the Global Video Surveillance Market?
Ans. Avigilon Corporation, Axis Communications AB, Bosch Security Systems Incorporation, and Flir Systems Incorporation are the top key players in the Global Video Surveillance Market.

4] Which segment holds the largest market share in the Global Video Surveillance market by 2029?
Ans. Hardware segment hold the largest market share in the Global  market by 2029.

5] What is the market size of the Global Video Surveillance market by 2029?
Ans. The market size of the Global market is US $ 92.70 Bn. by 2029.

6] What was the market size of the Global Video Surveillance market in 2022?
Ans. The market size of the Global market was worth US $ 47.27 Bn. in 2022.