Global Video Surveillance Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Video Surveillance Market Overview:

The Video Surveillance Market was valued at $42.4 billion in 2021 & is projected to reach $84.9 billion by 2028. It is expected to grow at an 8.3% CAGR between 2021 and 2028.

Video Surveillance Market Reports contain information and data that have been verified and based on considerations, opinions, and inputs from experts in the industry. Exhaustive primary and secondary research efforts have also been invested largely to ensure the report will provide accurate insights into the target market.

Sales, deployment, and revenue are based on historical, estimated, and projected revenue.  In the Video Surveillance Market report Various geopolitical and political factors are considered to enable the presentation of all findings.

Besides tactical data and information, the report includes key and ongoing trends, factors driving market growth, and factors that are potential restraints to the market's growth. Y-O-Y growth, future forecast & opportunity analysis is also presented.

Opportunities that can be leveraged for potential revenue generation in untapped regions and countries, as well as threats or challenges, are also presented in the respective sections of the report. Company profiles of key players include detailed information, recent developments, strategies, acquisitions, mergers, etc.

The global video surveillance systems report is segmented based on type, end-user, and region. Regions are further sub-segmented at the country level, and revenues for each segment are presented according to each region and country.

Video surveillance systems are created by integrating several video cameras to capture and store video and audio feeds at or around a specific location or setting.

Recordings can be accessed and viewed at a later point in time if required to ascertain or investigate any incident that may have happened earlier.

Video surveillance systems are primarily used to monitor and/or record activities and behavior of people, employees, customers, visitors, the general public, traffic flow, etc. In the recent past, there has been a spurt in a number of such systems being deployed in various countries across the globe.

Video surveillance systems are being deployed in and around airports, schools and universities, public office building complexes, traffic junctions, banks, and other public places.

Video Surveillance Market Dynamics:

Governments of many countries have issued mandatory instructions for deploying and using video surveillance systems. These systems are also deployed around critical infrastructure, defense and security locations, waterways, ports, harbors, borders, check posts, toll plazas, and a growing range of potential locations.

While crime is among the primary reasons for deployment and monitoring, the recent spurt of terrorist-related incidents and attacks is a major and growing concern that is driving the demand and deployment of video surveillance systems.

Furthermore, the deployment of cameras can be seasonal, and the number of systems being deployed increases before carnivals, street marches, events such as Olympics and marathons, etc.

Security agencies have been rather successful in solving crimes, deterring crimes, and locating and apprehending individuals wanted for crimes or other reasons.

These are among other factors expected to drive demand and deployment, and in turn, drive market growth over the forecast period.  These are among some of the key factors driving the global video surveillance market growth.

Increasing focus on developing and launching more advanced monitoring systems such as high-capacity storage systems, resulting in superior image quality, scalability, flexibility, and reliability, will further drive demand for and deployment of IP video surveillance systems to a significant extent.

Various technological advancements in the industry are also expected to continue to support the growth of the segment in terms of revenue and demand.

Global Video Surveillance Market Segment Analysis:

By Product Type:

Among the product type segments, the box camera segment is estimated to account for the majority of revenue share in the market owing to durability and range.

By Component:

The VSaaS system segment has been gaining traction, owing to less cost and no purchase cost for hardware, as well as convenience.

By Camera Resolution:

The HD segment is projected to continue to account for the highest revenue share owing to increasing deployment as a result of performance.

Global Video Surveillance Market Regional Analysis:

The market in North America accounts for the highest deployment currently, and the Asia Pacific market is projected to register a significantly high revenue compounded annual growth rate over the forecast period.

This is attributed to the rising defense budget, increasing potential of conflict, and the threat of terror-related-related or associated possibilities in countries in the region.

In addition, the market in Europe is expected to account for a significant revenue share owing to countries in the region fortifying coastline security as well, and as gradation of existing systems.

Global Video Surveillance Market Segmentation: 

By Product Type:

• Box Camera
• Dome Camera
• PTZ Camera
• Bullet Camera
• IP Camera
• Day/Night Camera
• Thermal (FLIR) Camera
• Wireless IP Camera and
• Other

By Components:

• Hardware
• Software
• Video Surveillance as a Service (VSaaS)

By Camera Resolution:

• HD
• Non-HD
• Full-HD
• UHD

By Features:

• Fixed Cameras
• Moving Cameras
• Panoramic

By Technology:

• Hybrid
• IP

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa