Global Video Surveillance Market (2024-2030) | Size, Share, Revenue, Forecast, Analysis, Outlook & COVID-19 IMPACT

Topics Covered in the Global Video Surveillance Market

The global Video Surveillance Market report thoroughly covers the market by products, verticals, and by regions. 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.

Global Video Surveillance Market Synopsis

The Global Video Surveillance Market has been expanding continuously due to an increase in the rate of criminal activities, and the need for public safety remains a top priority. With the rise of new technologies such as artificial intelligence, the video surveillance market is expected to go a step further in improving the safety of public spaces, with better and more effective cameras and systems that can integrate with other safety systems. In general, video surveillance technology has been a valuable tool in deterring crime and ensuring public safety. 

According to 6Wresearch, the Global Video Surveillance Market size is expected to grow at a CAGR of 13.6% during the forecast period of 2024-2030. The growing demand for security systems is the major driver of the global video surveillance market. The need for security is on the rise due to the increasing terrorism activities, safety threats, and criminal activities. Another driver of the market is the expansion of smart cities which has led to the integration of video surveillance systems to provide security and surveillance services to residents. The adoption of advanced technologies such as artificial intelligence, deep learning, facial recognition, and analytics has also driven the Global Video Surveillance Market Growth as they provide cost-effective and efficient surveillance services. However, the global video surveillance market has also encountered a few challenges such as high costs of implementation and maintenance, data security and privacy concerns, and the lack of a skilled workforce.

The high installation costs of surveillance systems hinder the growth of the market, especially in developing economies. Data security and privacy concerns are also an issue, and there is a need for increased measures to ensure data protection. The global video surveillance market is witnessing a shift towards the adoption of cloud-based video surveillance systems. This is driven by the need for increased scalability, flexibility, and cost-effectiveness. Other trends include the use of advanced analytics that enables the tracking of suspicious activities, and the integration of video surveillance systems with other security systems to provide a comprehensive security solution.

Government policies and schemes introduced in the Global Video Surveillance Market 

Several governments worldwide have implemented policies and schemes that encourage the use of video surveillance technology. These initiatives aim to boost public safety, streamline law enforcement, and reduce crime rates. For instance, the United States Homeland Security Grant Program provides millions of dollars in funding to local governments to purchase video surveillance systems.

The introduction of government policies and schemes has encouraged several prominent players to invest and innovate in the video surveillance market. These players aim to provide advanced video surveillance technologies that can meet the increasing demand for security solutions worldwide. The video surveillance market is expected to grow exponentially in the coming years. The increasing adoption of smart city infrastructure, combined with the rising need for public safety measures, has led to an upsurge in video surveillance systems worldwide. With the advancements in technology, video surveillance systems have become more efficient and intelligent. 

Prominent players in the Global Video Surveillance Market

Some of the prominent players in the Global Video Surveillance Industry include Hikvision, Axis Communications, Dahua Technology, Bosch Security Systems, and Honeywell Security. These companies offer different solutions, including IP cameras, analogue cameras, video management software, digital video recorders, and network video recorders, among others. 

Market Analysis by Products

By Products, the IP/network camera segment is growing at a faster rate and is forecast to dominate the Global Video Surveillance Market Share due to the increasing demand for high-quality footage that can be accessed remotely. Video recorders are also categorized into two types, DVRs and NVRs. NVRs are gaining popularity due to their advanced technology and ability to connect better with IP cameras.

Market Analysis by Verticals

By Verticals, the government and transportation sector are expected to grow at a significant rate due to rising government initiatives globally.

Market Analysis by Regions

According to Dhaval, Research Manager, 6Wresearch, the Asia Pacific region is expected to grow at the highest rate, with China leading the market, followed by Japan and India. This growth is attributed to the increasing adoption of security solutions and rising investments in smart cities.

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:

• Global Video Surveillance Market Overview
• Global Video Surveillance Market Outlook
• Global Video Surveillance Market Forecast
• Historical Data of Global Video Surveillance Market Revenues & Volume for the Period 2020 - 2030
• Global Video Surveillance Market Size and Global Video Surveillance Market Forecast of Revenues & Volume, Until 2030
• Historical Data of Global Video Surveillance Market Revenues & Volume, By Components, for the Period 2020 - 2030
• Market Size & Forecast of Global Video Surveillance Market Revenues & Volume, By Components, Until 2030
• Historical Data of Global Video Surveillance Market Revenues & Volume, By Verticals, for the Period 2020 - 2030
• Market Size & Forecast of Global Video Surveillance Market Revenues & Volume, By Verticals, Until 2030
• Historical Data of North America Video Surveillance Market Revenues & Volume, for the Period 2020 - 2030
• Market Size & Forecast of North America Video Surveillance Market Revenues & Volume, Until 2030
• Historical Data of Latin America Video Surveillance Market Revenues & Volume, for the Period 2020 - 2030
• Market Size & Forecast of Latin America Video Surveillance Market Revenues & Volume, Until 2030
• Historical Data of Europe Video Surveillance Market Revenues & Volume, for the Period 2020 - 2030
• Market Size & Forecast of Europe Video Surveillance Market Revenues & Volume, Until 2030
• Historical Data of Asia Pacific Video Surveillance Market Revenues & Volume, for the Period 2020 - 2030
• Market Size & Forecast of Asia Pacific Video Surveillance Market Revenues & Volume, Until 2030
• Historical Data of the Middle East and Africa Video Surveillance Market Revenues & Volume, for the Period 2020 - 2030
• Market Size & Forecast of the Middle East and Africa Video Surveillance Market Revenues & Volume, Until 2030
• Market Drivers and Restraints
• Global Video Surveillance Market Price Trends
• Global Video Surveillance Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Video Surveillance Market Share, By Players
• Global Video Surveillance Market Share, By Regions
• Global Video Surveillance Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

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

By Products

Video Surveillance System Cameras

•          Analog
•         IP/ Network Camera

Video Surveillance System Recorder

•          DVR
•          NVR

Video Surveillance System Encoder

Video Management Software

By Verticals

• Banking & Financial
• Government & Transportation
• Retail & Logistics
• Commercial Offices
• Industrial & Manufacturing
• Residential
• Hospitality & Healthcare
• Educational Institutions

By Regions

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East, And Africa