Video Surveillance Market Size, Share, Opportunities, And Trends By Component (Hardware (Camera, Monitor, Recorder, Audio System), Software, Services), By End-User Industry (Commercial, Residential, Industrial), And By Geography - Forecasts From 2024 To 2029

The video surveillance market will reach US$34.365 billion in 2029 at a CAGR of 6.81% from US$24.723 billion in 2024.

The video surveillance market is extremely competitive, with a large number of suppliers catering to the global demand for video surveillance solutions. Video surveillance provides an upgrade over traditional monitoring methods, which involve the use of the labor force. As such, video surveillance solutions are relatively affordable and more effective than the conventional method, driving market growth. Moreover, it includes a fragmented customer base as surveillance is used in various industry verticals globally.

Video Surveillance Market Drivers

• The rising number of criminal activities is driving the video surveillance market growth

Video surveillance solutions monitor an individual’s activities over a prescribed area. With criminal and terrorist activities on the rise, the probability of security threats has increased significantly, owing to the demand for constant monitoring, which is experiencing positive growth on a global scale. Simultaneously, the availability of unmanned drones that can provide comprehensive surveillance solutions has been growing, pushing the video surveillance market’s growth. Moreover, their ability to reduce monitoring costs compared to traditional methods further fuels market growth. This market is being majorly driven by the persisting threat of terrorist activities and the rising incidence of physical violence, fraud, and theft globally. Rising concerns regarding these activities fuel the demand for advanced monitoring solutions, thus boosting the video surveillance market’s growth.

• Favorable initiatives to enhance public security have accelerated the market expansion.

Governments are spending huge amounts on the adoption of video surveillance systems to ensure the safety of the public. For example, according to the data provided by the British Security Industry Authority (BSIA), nearly 5.9 million cameras are installed at sensitive locations like hospitals, schools, and public and other public places in the United Kingdom. Enterprises are also investing significant amounts into these solutions to enhance workers' productivity, streamline operations, and minimize the risk of loss of revenue via thefts or fraud in factories and production sites, which is projected to drive market expansion.

• Growing applicability in healthcare has bolstered the market growth.

Video surveillance is highly applicable in healthcare facilities and establishments, where it ensures patients' and staff's safety from unwanted threats. By constantly checking area-wise access, video surveillance prevents intruders or unwanted breaches to restricted areas, deters vandalism, and allows remote monitoring from a smartphone or tablet, among other things.

In private hospitals, pharmacies, research facilities, and clinics, video surveillance solutions constitute one of the major devices for keeping check of individual identities and movements. To enhance their market presence, the companies operating in the market, besides overall solutions, also offer services such as wireless network design, advanced project consulting, security evaluations, and installation support & configuration, among others.

Favorable investments and schemes undertaken by countries' governments to bolster their healthcare settings, followed by efforts to minimize patient and staff altercation, among others, have contributed to the overall market growth. Hence, developed economies are investing in smart monitoring technologies, including video surveillance, and bolstering their adoption in various sectors, including healthcare, keeping compliance with regulatory standards in mind. The trend of intelligent video surveillance solutions is emerging due to the increased efficacy and long-term cost-effectiveness. In addition, an increasing number of hospitals and other healthcare facilities will boost the demand for video surveillance solutions over the forecast period.

Video Surveillance Market Geographical Outlook

• North America holds a significant share of the market.

North America is estimated to hold a significant share due to the early adoption of new technologies. Rising criminal activities have increased video surveillance across public places in different North American countries. The public and private sectors have seen a high demand for CCTV and other surveillance tools. The high adoption rate of smart home security solutions due to increasing cases of burglary and violence is another driver of the North American Video Surveillance market. Simultaneously, the Asia Pacific is anticipated to grow at the highest CAGR owing to the increasing government initiatives and development of smart city infrastructure.

Video Surveillance Market Developments

• In November 2023, Axis Communication launched its latest video technology, including multidimensional panoramic cameras, high-performance bullet cameras, and stainless-steel drone cameras, at the ISC East 2023. The advanced video solutions are designed to work in harsh environments and will enhance surveillance capabilities.
• In November 2022, VOSKER launched “The V300 Ultimate,” a rugged cellular-connected security camera that offers on-demand live video streaming and motion-activated video recording. The camera is designed to improve surveillance activities in commercial properties, farms, vacation homes, parking lots, and construction sites.
• In June 2022, Kastle Systems, a property technology company, and America's biggest managed security provider announced a collaboration with EarthCam, the global leader in video services and construction technology. The collaboration aims to integrate Kastle's and EarthCam's technical expertise in developing sophisticated, high-resolution cameras that provide real-time visual data services and video surveillance to building sites.

 

• In January 2022, Wasabi Technologies partnered with Axis Communications to provide cloud storage for AXIS Camera Station (ACS) VMS. The collaboration integrates Axis' industry-leading video technology with Wasabi's unlimited scalability, thereby developing modern video surveillance solutions for organizations.

Video Surveillance Market Scope:

 

Report Metric	Details
Market Size Value in 2024	US$24.723 billion
Market Size Value in 2029	US$34.365 billion
Growth Rate	CAGR of 6.81% from 2024 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Component End-User Geography
Companies Covered	Bosch Security Systems Honeywell International, Inc. Geovision Inc. Pelco Incorporate Canon Inc.
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Component
  • Hardware
    • Camera
    • Monitor
    • Recorder
    • Audio System
  • Software
  • Services
• By End-User
  • Commercial
  • Residential
  • Industrial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. VIDEO SURVEILLANCE MARKET BY COMPONENT

5.1. Introduction

5.2. Hardware

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness Insight

5.2.4. Camera

5.2.5. Monitor

5.2.6. Recorder

5.2.7. Audio System

5.3. Software

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness Insight

5.4. Services

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness Insight

6. VIDEO SURVEILLANCE MARKET BY END-USER

6.1. Introduction

6.2. Commercial 

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness Insight

6.3. Residential

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness Insight

6.4. Industrial

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness Insight

7. VIDEO SURVEILLANCE MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Component

7.2.2. By End-User

7.2.3. By Country

7.2.3.1. USA

7.2.3.1.1. Market Trends and Opportunities

7.2.3.1.2. Growth Prospects

7.2.3.2. Canada  

7.2.3.2.1. Market Trends and Opportunities

7.2.3.2.2. Growth Prospects

7.2.3.3. Mexico

7.2.3.3.1. Market Trends and Opportunities

7.2.3.3.2. Growth Prospects

7.3. South America

7.3.1. By Component

7.3.2. By End-User

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.1.1. Market Trends and Opportunities

7.3.3.1.2. Growth Prospects

7.3.3.2. Argentina

7.3.3.2.1. Market Trends and Opportunities

7.3.3.2.2. Growth Prospects

7.3.3.3. Others

7.3.3.3.1. Market Trends and Opportunities

7.3.3.3.2. Growth Prospects

7.4. Europe

7.4.1. By Component

7.4.2. By End-User

7.4.3. By Country

7.4.3.1. United Kingdom

7.4.3.1.1. Market Trends and Opportunities

7.4.3.1.2. Growth Prospects

7.4.3.2. Germany

7.4.3.2.1. Market Trends and Opportunities

7.4.3.2.2. Growth Prospects

7.4.3.3. France

7.4.3.3.1. Market Trends and Opportunities

7.4.3.3.2. Growth Prospects

7.4.3.4. Spain

7.4.3.4.1. Market Trends and Opportunities

7.4.3.4.2. Growth Prospects

7.4.3.5. Others

7.4.3.5.1. Market Trends and Opportunities

7.4.3.5.2. Growth Prospects

7.5. Middle East and Africa

7.5.1. By Component

7.5.2. By End-User

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. Market Trends and Opportunities

7.5.3.1.2. Growth Prospects

7.5.3.2. UAE

7.5.3.2.1. Market Trends and Opportunities

7.5.3.2.2. Growth Prospects

7.5.3.3. Others

7.5.3.3.1. Market Trends and Opportunities

7.5.3.3.2. Growth Prospects

7.6. Asia Pacific

7.6.1. By Component

7.6.2. By End-User

7.6.3. By Country

7.6.3.1. Japan

7.6.3.1.1. Market Trends and Opportunities

7.6.3.1.2. Growth Prospects

7.6.3.2. China

7.6.3.2.1. Market Trends and Opportunities

7.6.3.2.2. Growth Prospects

7.6.3.3. India

7.6.3.3.1. Market Trends and Opportunities

7.6.3.3.2. Growth Prospects

7.6.3.4. South Korea

7.6.3.4.1. Market Trends and Opportunities

7.6.3.4.2. Growth Prospects

7.6.3.5. Indonesia

7.6.3.5.1. Market Trends and Opportunities

7.6.3.5.2. Growth Prospects

7.6.3.6. Taiwan

7.6.3.6.1. Market Trends and Opportunities

7.6.3.6.2. Growth Prospects

7.6.3.7. Others

7.6.3.7.1. Market Trends and Opportunities

7.6.3.7.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Bosch Security Systems

9.2. Honeywell International, Inc.

9.3. Geovision Inc.

9.4. Pelco Incorporate

9.5. Canon Inc.

9.6. Johnson Controls

9.7. Infinova Corporation

9.8. Motorola Solutions, Inc.

9.9. Cisco Systems

Bosch Security Systems

Honeywell International, Inc.

Geovision Inc.

Pelco Incorporate

Canon Inc.

Johnson Controls

Infinova Corporation

Motorola Solutions, Inc.

Cisco Systems