Romania Video Surveillance Market (2024-2030) | Outlook, Companies, Value, Growth, Industry, Forecast, Size, Share, Revenue, Analysis & Trends

Topics Covered in the Romania Video Surveillance Market

Romania Video Surveillance Market report thoroughly covers the market by offering, by system, and by vertical. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Romania Video Surveillance Market Synopsis

Romania Video Surveillance Market has seen significant growth in Romania. This rise in demand is due to the increasing adoption of CCTV cameras across various sectors, such as retail, banking, government, and healthcare.

According to 6Wresearch, the Romania Video Surveillance Market size is expected to grow at a CAGR of 11.45% during the forecast period 2024-2030. Several drivers will contribute to the growth of the video surveillance market in Romania. One of the key drivers is the increasing need for safety and security in public places. The Romanian government has implemented several initiatives to enhance public safety, which has resulted in the installation of CCTV cameras in public areas. Furthermore, the rapid adoption of cloud-based video surveillance technology is also driving Romania Video Surveillance Market growth. Although the video surveillance market in Romania is growing rapidly, several challenges need to be addressed. One of the significant challenges is the lack of standardization in the industry. The absence of proper industry regulations has resulted in the installation of low-quality cameras, which ultimately affects the performance of the systems.

Additionally, the high cost of installation and maintenance of video surveillance systems is also a significant challenge. This cost often restricts small and medium-sized enterprises from implementing video surveillance technology. One of the prominent trends observed in the Romanian video surveillance market is the integration of artificial intelligence (AI) with video surveillance. AI technology allows for the automation of several video surveillance tasks, such as facial recognition, object detection, and motion tracking. Furthermore, the increasing use of network cameras that offer better image quality, scalability, and remote access has also become a trend in the market. Another trend is the adoption of video surveillance as a service (VSaaS) model, which provides cost-effective and flexible video surveillance solutions.

Government policies and schemes introduced in the Romania Video Surveillance Market 

The Romania Video Surveillance Market has been witnessing a tremendous growth rate in recent years, with the government launching various initiatives to further support its development. The government has decided to focus its efforts on the development of smart cities, with the use of video surveillance technology playing a significant role. The Romanian Ministry of Interior and the Ministry of Information Society have collaborated with the private sector to invest in video surveillance capabilities, such as intelligent traffic management systems, as well as the installation of CCTV cameras to improve safety in public spaces. Furthermore, under the National Video Surveillance Program, the government has allocated funds for the installation of cameras in public areas, at the cost of 7,500 EUR per camera.

Prominent players in the Romania Video Surveillance Market

There are several local and international players involved in the video surveillance market in Romania, each offering unique capabilities and services. Hikvision is one of the most prominent global players in the video surveillance market, offering a range of cameras and surveillance solutions. Another key player is Axis Communications, a Swedish company specializing in network video solutions. In terms of local players, Provideo has been a leader in the market for the past 25 years, providing a range of video surveillance solutions to customers in Romania. Other notable players in the market include Avitech, D-Link, and Bosch.

Market Analysis by Offering

By offering, the hardware segment accounted for the largest market share, followed by the software and services segments, respectively. This can be attributed to the rise in demand for high-quality cameras, sensors, and other hardware equipment. The software segment is expected to witness significant growth in the coming years due to the advent of artificial intelligence and the integration of advanced analytics for video surveillance.

Market Analysis by System

According to Mayank, Senior Research Analyst, 6Wresearch, the IP video surveillance segment is expected to witness significant growth and is forecast to dominate the Romania Video Surveillance Market Share owing to the high-definition image quality of digital cameras, easy installation process, remote accessibility, and more robust security features.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Romania Video Surveillance Market Outlook
• Market Size of Romania Video Surveillance Market, 2023
• Forecast of Romania Video Surveillance Market, 2030
• Historical Data and Forecast of Romania Video Surveillance Revenues & Volume for the Period 2020-2030
• Romania Video Surveillance Market Trend Evolution
• Romania Video Surveillance Market Drivers and Challenges
• Romania Video Surveillance Price Trends
• Romania Video Surveillance Porter's Five Forces
• Romania Video Surveillance Industry Life Cycle
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Offering for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Hardware for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Software for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Service for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By System for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Analog Video Surveillance Systems for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By IP Video Surveillance Systems for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Hybrid Video Surveillance Systems for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Vertical for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Commercial for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Infrastructure for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Military & Defense for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Residential for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Public Facility for the Period 2020-2030
• Historical Data and Forecast of Romania Video Surveillance Market Revenues & Volume By Industrial for the Period 2020-2030
• Romania Video Surveillance Import Export Trade Statistics
• Market Opportunity Assessment By Offering
• Market Opportunity Assessment By System
• Market Opportunity Assessment By Vertical
• Romania Video Surveillance Top Companies Market Share
• Romania Video Surveillance Competitive Benchmarking By Technical and Operational Parameters
• Romania Video Surveillance Company Profiles
• Romania Video Surveillance Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Offering

• Hardware
• Software
• Service

By System

• Analog Video Surveillance Systems
• IP Video Surveillance Systems
• Hybrid Video Surveillance Systems

By Vertical

• Commercial
• Infrastructure
• Military & Defense
• Residential
• Public Facility
• Industrial