Video Surveillance and Analytics Market Report 2024 (Global Edition)

Global Video Surveillance and Analytics Market Report 2024 Market Size Split by Type (Sever-based, Edge-based), by Component (Hardware, Software), by Deployment Model (On-premise, Cloud), by Applicati...

Video Surveillance and Analytics Market Report Description

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Video Surveillance and Analytics Market Insights Video

Competitive Landscape of the Video Surveillance and Analytics Market

The competitive landscape of the video surveillance and analytics market features major players like Hikvision, Dahua Technology, and Bosch Security Systems, who lead with advanced camera technologies and comprehensive analytics solutions. Companies like Axis Communications and Genetec Inc. offer cutting-edge video management systems and integration capabilities. Emerging players and technology innovators, such as BriefCam and Verint Systems, contribute advanced analytics and artificial intelligence. The market is characterized by rapid technological advancements, strategic partnerships, and a focus on comprehensive, integrated solutions.

In October 2022, Awiros is set to supply sophisticated video analytics for high-resolution surveillance cameras as part of the Bengaluru Safe City project. Their AI-driven Video Intelligence platform, including features like automatic number plate recognition and facial recognition, will analyze video feeds from over 7,000 cameras across more than 3,000 locations throughout Bengaluru. This will enable the Bengaluru City Police to conduct real-time situational analysis and respond swiftly to potential criminal activities, enhancing public safety, particularly for women and children. (Source: https://www.expresscomputer.in/news/awiros-powers-artificial-intelligence-based-video-analytics-for-bangalore-safe-city-project/90921/ ) In May 2022, Tenda has launched the CP3 security camera in India, designed for small and home office environments. This camera features pan and tilt capabilities and supports full-duplex two-way audio communication. Equipped with AI-powered motion detection and tracking, the CP3 offers a 360-degree rotation with its full-HD 1080p image sensor, ensuring comprehensive coverage for most home and small office settings. (Source: https://www.tendacn.com/in/product/cp3v1.html ) In June 2022, Canon India has launched an experience center in New Delhi to highlight its comprehensive Network Video Surveillance (NVS) technologies. With this new facility, Canon aims to establish itself as a full-spectrum surveillance solutions provider, offering consultation and services across CCTV surveillance, access control, public address systems, and video analytics. The center will address the entire lifecycle of networking and surveillance. Additionally, Canon is collaborating with leading industry players like Axis, Milestone, and BCD to enhance and expand its NVS product offerings in the Indian market. (Source: https://www.prnewswire.com/in/news-releases/canon-india-to-become-a-one-stop-surveillance-solution-provider-with-the-launch-of-its-first-experience-center-860138334.html )

Top Companies Market Share in Video Surveillance and Analytics Industry: (In no particular order of Rank)

• Hikvision
• Dahua Technology
• Bosch Security Systems
• Axis Communications
• Hanwha Techwin
• Honeywell International Inc.
• Pelco
• Tyco Integrated Security
• Milestone Systems
• Genetec Inc.
• Avigilon
• BriefCam
• Verint Systems
• FLIR Systems
• VIVOTEK Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Video Surveillance and Analytics Market

Which Region Dominates the Video Surveillance and Analytics Market in 2024?

According to Cognitive Market Research, North America holds the largest market share in the video surveillance and analytics market due to its advanced technological infrastructure, substantial investment in security technologies, and high adoption rates of innovative solutions. The region's focus on enhancing public safety, coupled with strong regulatory requirements and high demand for integrated surveillance systems, drives growth. Additionally, the presence of major tech companies and continuous advancements in AI and analytics contribute to North America's dominant position in the market.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the video surveillance and analytics market due to rapid urbanization, increasing security needs, and substantial investments in smart city projects. The region's expanding infrastructure and rising awareness of advanced surveillance technologies drive demand for sophisticated video analytics solutions. Additionally, government initiatives and growing adoption of IoT and AI technologies further propel the market's growth, making Asia Pacific a leading region in surveillance technology expansion.

The current report Scope analyzes Video Surveillance and Analytics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Video Surveillance and Analytics Market

According to Cognitive Market Research, the global Video Surveillance and Analytics market size was estimated at USD 8415.20 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3366.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Video Surveillance and Analytics market with a market size of USD 2655.84 million in 2024 and is projected to grow at a CAGR of 21.5% during the forecast period. The U.S. market's advanced technological infrastructure, high investment in security technologies, and stringent regulatory requirements is driving the Video Surveillance and Analytics market.
• The Canada Video Surveillance and Analytics market had a market share of USD 403.93 million in 2024 and is projected to grow at a CAGR of 22.5% during the forecast period. Canada’s presence of leading technology companies and continuous advancements in AI and analytics is driving the Video Surveillance and Analytics market.
• The Mexico Video Surveillance and Analytics market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 306.31 million in 2024.

Europe Video Surveillance and Analytics Market

According to Cognitive Market Research, the global Video Surveillance and Analytics market size was estimated at USD 8415.20 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2524.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.0% from 2024 to 2031.

• The United Kingdom Video Surveillance and Analytics market had a market share of USD 424.13 million in 2024 and is projected to grow at a CAGR of 22.8% during the forecast period. In the UK, Video Surveillance and Analytics sales witness an upswing due to increasing investments in smart city projects, stringent security regulations, and a strong focus on public safety and infrastructure protection.
• The France Video Surveillance and Analytics market is projected to witness growth at a CAGR of 21.2% during the forecast period, with a market size of USD 232.26 million in 2024.
• According to Cognitive Market Research, the German Video Surveillance and Analytics market size was valued at USD 499.86 million in 2024 and is projected to grow at a CAGR of 22.2% during the forecast period. In Germany, Video Surveillance and Analytics surged due to the presence of major market players.
• The Italy Video Surveillance and Analytics market is projected to witness growth at a CAGR of 21.4% during the forecast period, with a market size of USD 217.11 million in 2024.
• The Russia Video Surveillance and Analytics market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 391.31 million in 2024.
• The Spain Video Surveillance and Analytics market is projected to witness growth at a CAGR of 21.1% during the forecast period with a market size of USD 207.01 million in 2024
• The Luxembourg Video Surveillance and Analytics market is projected to witness growth at a CAGR of 22.1% during the forecast period, with a market size of USD 78.26 million in 2024.
• The Portugal Video Surveillance and Analytics market is projected to witness growth at a CAGR of 21.8% during the forecast period, with a market size of USD 53.02 million in 2024.
• The Greece Video Surveillance and Analytics market is projected to witness growth at a CAGR of 22.3% during the forecast period, with a market size of USD 30.29 million in 2024.
• The Rest of Europe's Video Surveillance and Analytics market is projected to witness growth at a CAGR of 20.7% during the forecast period, with a market size of USD 391.31 million in 2024.

Asia Pacific Video Surveillance and Analytics Market

According to Cognitive Market Research, the global Video Surveillance and Analytics market size was estimated at USD 8415.20 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1935.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Video Surveillance and Analytics market size was valued at USD 870.97 million in 2024 and is projected to grow at a CAGR of 25.0% during the forecast period. Video Surveillance and Analytics surged in China due to rapid urbanization, expanding smart city initiatives, and rising security concerns.
• The Japan Video Surveillance and Analytics market is projected to witness growth at a CAGR of 24.0% during the forecast period, with a market size of USD 267.10 million in 2024.
• The India Video Surveillance and Analytics market had a market share of USD 232.26 million in 2024 and is projected to grow at a CAGR of 27.3% during the forecast period. India's integrating AI and IoT technologies is driving Video Surveillance and Analytics market.
• The South Korean Video Surveillance and Analytics market is projected to witness growth at a CAGR of 24.6% during the forecast period, with a market size of USD 193.55 million in 2024.
• The Australian Video Surveillance and Analytics market is projected to witness growth at a CAGR of 25.2% during the forecast period, with a market size of USD 100.65 million in 2024.
• The South East Asia Video Surveillance and Analytics market is projected to witness growth at a CAGR of 26.5% during the forecast period, with a market size of USD 133.55 million in 2024.
• The Rest of Asia Pacific Video Surveillance and Analytics market is projected to witness growth at a CAGR of 25.3% during the forecast period, with a market size of USD 137.42 million in 2024.

South America Video Surveillance and Analytics Market

According to Cognitive Market Research, the global Video Surveillance and Analytics market size was estimated at USD 8415.20 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 420.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Video Surveillance and Analytics market size was valued at USD 180.09 million in 2024 and is projected to grow at a CAGR of 23.5% during the forecast period. Video Surveillance and Analytics flourished in Brazil due to increasing urbanization, rising security concerns, and government initiatives aimed at enhancing public safety.
• Argentina's Video Surveillance and Analytics market had a market share of USD 70.69 million in 2024 and is projected to grow at a CAGR of 23.8% during the forecast period. Argentina's growing focus on improving crime prevention and operational efficiency is driving the Video Surveillance and Analytics market.
• Colombia Video Surveillance and Analytics market is projected to witness growth at a CAGR of 22.7% during the forecast period, with a market size of USD 37.45 million in 2024.
• Peru Video Surveillance and Analytics market is projected to witness growth at a CAGR of 23.1% during the forecast period, with a market size of USD 34.50 million in 2024.
• Chile Video Surveillance and Analytics market is projected to witness growth at a CAGR of 23.2% during the forecast period, with a market size of USD 30.29 million in 2024.
• The Rest of Latin America's Video Surveillance and Analytics market is projected to witness growth at a CAGR of 22.0% during the forecast period, with a market size of USD 67.74 million in 2024.

Middle East and Africa Video Surveillance and Analytics Market

According to Cognitive Market Research, the global Video Surveillance and Analytics market size was estimated at USD 8415.20 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 168.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.2% from 2024 to 2031..

• The GCC Countries Video Surveillance and Analytics market is projected to witness growth at a CAGR of 24.0% during the forecast period, with a market size of USD 72.03 million in 2024. Video Surveillance and Analytics sales flourish due to the presence of major market players.
• The Egypt Video Surveillance and Analytics market is projected to witness growth at a CAGR of 23.5% during the forecast period, with a market size of USD 17.67 million in 2024.
• The South Africa Video Surveillance and Analytics market is projected to witness growth at a CAGR of 24.2% during the forecast period, with a market size of USD 26.59 million in 2024. Video Surveillance and Analytics sales flourished in South Africa due to rapid urbanization, increased security concerns, and significant investments in infrastructure and smart city projects.
• The Turkey Video Surveillance and Analytics market is projected to witness growth at a CAGR of 22.7% during the forecast period, with a market size of USD 14.47 million in 2024.
• The Nigeria Video Surveillance and Analytics market is projected to witness growth at a CAGR of 22.3% during the forecast period, with a market size of USD 17.67 million in 2024.
• The Rest of the MEA Video Surveillance and Analytics market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 19.86 million in 2024.

Video Surveillance and Analytics Market Analysis

Video Surveillance and Analytics Market Type Segment Analysis

According to Cognitive Market Research, Sever-based Video Surveillance and Analytics are likely to dominate the Video Surveillance and Analytics Market over the forecast period. The server-based type captured the largest market share in the video surveillance and analytics market due to its robust capabilities for handling extensive data from multiple cameras. Servers offer centralized management, high storage capacity, and powerful processing for advanced analytics and real-time monitoring. This configuration supports scalability, reliability, and integration with other security systems, making it ideal for large-scale deployments in enterprises and public safety applications. The ability to perform complex analytics on-site also contributes to its dominance.

The edge-based type is growing at the highest CAGR in the video surveillance and analytics market due to its ability to process data locally on the camera or edge device, reducing latency and bandwidth usage. This approach enables real-time analytics and decision-making directly at the source, enhancing efficiency and response times. Additionally, edge-based systems offer scalability and lower operational costs by minimizing the need for extensive centralized infrastructure, making them increasingly popular for modern surveillance applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Video Surveillance and Analytics Industry. Request a Free Sample PDF!

Video Surveillance and Analytics Market Component Segment Analysis

According to Cognitive Market Research, the Hardware segment holds the largest share of the market. The hardware component captured the largest market share in the video surveillance and analytics market due to its foundational role in system deployment. Essential hardware, including high-definition cameras, storage devices, and network infrastructure, is critical for capturing, storing, and transmitting video data. The demand for advanced, reliable hardware to support sophisticated surveillance and analytics technologies drives its dominant market position. Additionally, continuous advancements in hardware technology enhance system performance and capabilities, further reinforcing its market leadership.

The software component is growing at the highest CAGR in the video surveillance and analytics market due to its role in providing advanced analytics, real-time monitoring, and integration capabilities. Innovations in AI, machine learning, and data analytics enhance video surveillance systems, offering features like facial recognition and behavioral analysis. As organizations seek more intelligent and scalable solutions, the demand for sophisticated software that enables comprehensive data insights and management drives rapid growth in this segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Video Surveillance and Analytics Deployment Model Segment Analysis

Video Surveillance and Analytics Market Deployment Model Segment Analysis

According to Cognitive Market Research, the On-premise segment holds the largest market share. The on-premise deployment model captured the largest market share in the video surveillance and analytics market due to its advantages in data security, control, and customization. Organizations prefer on-premise solutions for their ability to offer robust security measures, direct access to data, and tailored system configurations. Additionally, on-premise systems support high-capacity storage and processing, which is crucial for handling large volumes of video data and performing complex analytics, reinforcing their dominant market presence.

The cloud deployment model is growing at the highest CAGR in the video surveillance and analytics market due to its scalability, cost-efficiency, and ease of management. Cloud solutions offer flexible storage options, remote access, and lower upfront costs, making them attractive to businesses seeking to minimize infrastructure investments. The ability to integrate with various analytics tools and update software seamlessly also drives adoption, allowing for scalable and versatile surveillance solutions that adapt to evolving needs.

• On-premise
• Cloud

Video Surveillance and Analytics Application Segment Analysis

Video Surveillance and Analytics Market Application Segment Analysis

According to Cognitive Market Research, the Intrusion management segment dominates the market. The intrusion management application captured the largest market share in the video surveillance and analytics market due to its critical role in enhancing security and preventing unauthorized access. These applications use advanced analytics to detect, analyze, and respond to potential security breaches in real-time. The growing need for robust security measures to protect assets, coupled with increasing concerns about theft and vandalism, drives demand for comprehensive intrusion management solutions, reinforcing their dominant position in the market.

The incident detection application is growing at the highest CAGR in the video surveillance and analytics market due to its ability to provide real-time alerts and proactive responses to potential security events. Advanced analytics and AI enhance the accuracy of detecting unusual activities and incidents, allowing for swift action and minimizing potential damage. Increasing emphasis on timely threat detection and incident management drives the demand for these applications, contributing to their rapid growth in the market.

• Intrusion management
• Incident detection
• Traffic monitoring
• Others

Video Surveillance and Analytics End-user Segment Analysis

Video Surveillance and Analytics Market End-user Segment Analysis

According to Cognitive Market Research, the BFSI segment dominates the market. The BFSI (Banking, Financial Services, and Insurance) end-user segment captured the largest market share in the video surveillance and analytics market due to its critical need for robust security and fraud prevention. Financial institutions require advanced surveillance solutions to protect against theft, monitor transactions, and ensure regulatory compliance. The high value of assets and sensitive information, combined with stringent security requirements, drives significant investment in video surveillance and analytics within the BFSI sector.

The government end-user segment is growing at the highest CAGR in the video surveillance and analytics market due to increasing investments in public safety, smart city projects, and critical infrastructure protection. Governments are adopting advanced surveillance solutions to enhance security, monitor public spaces, and manage emergency responses more effectively. The growing emphasis on improving urban safety, regulatory compliance, and disaster management drives the rapid expansion of video surveillance technologies in government applications.

• BFSI
• Government
• Education
• Travel and Transportation
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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