Global Video Surveillance Security Cameras
Market Report
2024
the global video surveillance security cameras market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 9.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global video surveillance security cameras market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 9.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Video Surveillance Security Cameras Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.5% |
North America Video Surveillance Security Cameras Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.7% |
Europe Video Surveillance Security Cameras Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
Asia Pacific Video Surveillance Security Cameras Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.5% |
South America Video Surveillance Security Cameras Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.9% |
Middle East and Africa Video Surveillance Security Cameras Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.2% |
Market Split by Type |
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Market Split by Application |
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Market Split by Component |
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Market Split by Technology |
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Market Split by Storage |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Video Surveillance Security Cameras Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The invention, production, and retailing of security cameras and associated equipment are all part of the rapidly expanding market for video surveillance security cameras. These cameras monitor and document activities in various locations, including residences, workplaces, public areas, and government buildings. Rising security concerns, increased acceptance of smart city programs, growing demand for business intelligence and analytics, and technological developments such as AI-powered video analytics. All of these elements work together to drive the growth of the video surveillance industry. The industry is expanding because of the necessity of remote monitoring, real-time access to surveillance feeds, and legislative mandates for stronger security measures. The demand for video surveillance has increased across various sectors by integrating with other systems like access control and the Internet of Things.
(Source:hanwhavision.eu/hanwha-vision-launches-solidedge-a-serverless-vms-on-the-edge/)
Recently, there has been a shift in people's preferences for living and working in cities. This pattern has greatly increased the number of people moving from rural to urban areas. Security measures are more important to safeguard people and property as cities become denser and more populated. In addition to helping to identify offenders and providing evidence in criminal investigations, security cameras can discourage crime. As a result, people are moving from rural to urban areas in search of better lifestyles.
For instance, in April 2022, According to estimates from the World Economic Forum, the percentage of people on Earth who live in cities is predicted to increase from 55% to 80% by 2050. According to the UN International Resource Panel, this will quadruple the world's material use to almost 89 billion tonnes.
(Source:weforum.org/agenda/2022/04/global-urbanization-material-consumption/)
There has been a noticeable rise in the use of surveillance cameras since installing surveillance systems provides residents of both business and residential buildings with a sense of security. Concerns over safeguarding their homes and companies are growing due to rising crime rates in many regions of the world. Security cameras are considered a useful tool for preventing crime and supplying proof if it does happen.
For instance, in March 2023, more hate crimes were shown by new FBI data. These Groups Saw The Sharpest Rise. According to revised numbers released last week, the number of hate crimes reported to the FBI by law enforcement agencies increased from over 8,000 in 2020 to almost 11,000 the following year.
(Source:www.themarshallproject.org/2023/03/25/asian-hate-crime-fbi-black-lgbtq)
High-resolution cameras and longer video retention periods have increased the demand for greater storage. Consequently, storage solutions that are specially designed to satisfy the demands of modern video surveillance requirements are required. This includes being able to easily scale up and down to meet shifting retention requirements, having tested high throughput capacities, and being able to govern the retention of high-resolution video. These considerations could impede market expansion.
Its use to reduce viral exposure increased to unprecedented levels with the onset of the COVID-19 pandemic. The frequency of in-person interactions between patients and medical professionals is greatly decreased by national infrastructure, such as hospitals, which use integrated telemetry systems and in-room video cameras to monitor patients' vital signs remotely. IP video surveillance has mainly been employed for security purposes across multiple nations during the COVID-19 pandemic. These next-generation cameras enable users to convert real-time photos into big data analysis thanks to their high-performance computing power and video analytics capabilities. Following social distancing behaviors and norms, several video analytic tools, including crowd detection, people counting, queue management, and personal protection equipment, have been widely employed to take preventative steps.
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Existing and emerging competitors both contribute to the market's characteristics. Principal entities functioning within this industry are presently emphasizing mergers and acquisitions to optimize their market shares. Also, to gain a larger market share, up-and-coming, creative businesses are collaborating with other organizations to enhance their current video surveillance services.
(Source:becklar.com/video-monitoring-eyeforce/)
(Source:www.dahuasecurity.com/in/newsEvents/pressRelease/8367)
Top Companies Market Share in Video Surveillance Security Cameras Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue. A sizable installed base in the United States and an established IT infrastructure support North America's market growth. Regarding security camera sales per person, the United States leads the world. Additionally, a strong presence of international manufacturers has drawn large investments to this region
Asia Pacific is the fastest-growing category. With so many Asia Pacific nations investing extensively in infrastructure and Smart Cities projects, it is a significant market for video surveillance deployment. The Chinese government is now undertaking a major "safe city" initiative. Millions of IP cameras must be installed in public spaces to increase security and reduce crime rates nationwide. These elements are supporting the fast expansion of the market in the area.
The current report Scope analyzes Video Surveillance Security Cameras 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
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global video surveillance security cameras market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030 established IT infrastructure and significant installed base in U.S. are the primary element contributing for the development of the industry in North America. The United States is the world leader in security camera installation rates per capita. Furthermore, the region attracts important investments due to the noteworthy presence of multinational manufacturers. According to Cognitive Market Research, Wireless IP cameras make up the greatest portion of North America's video surveillance security camera market. Compared to conventional wired cameras, these provide several benefits, including scalability, flexibility, and ease of installation. In conclusion, the North American video surveillance security cameras market is thriving due to established IT infrastructures deploying these cameras in the region.
According to Cognitive Market Research, with a market value of USD XX million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD XX million all EU institutions and governing bodies have safeguarded their premises using surveillance system technology due to the growing significance of installing well-designed and appropriately deployed surveillance camera systems to address data security issues and minimize the occurrence of data breaches. It is predicted that consumers will be drawn to the market further by EU institutions' initiatives to secure their premises. According to Cognitive Market Research, the commercial segment is expected to hold a significant share in the European region as consumers increasingly deploy the technology. In conclusion, the European video surveillance security cameras market thrives due to the increasing deployment of advanced technology in the commercial sector.
According to Cognitive Market Research, the global video surveillance security cameras market size was estimated at USD XX Million, out of which Asia Pacific held the market of more than 23% of the global revenue with market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2023 to 2030 the fact that so many Asia Pacific countries are investing extensively in infrastructure and Smart Cities projects makes it a big market for the deployment of video surveillance. For example, the Chinese government has initiated a major "safe city" initiative. Millions of IP cameras will be installed in public spaces countrywide to increase security and reduce crime rates. These elements are supporting the region's market's rapid expansion. According to Cognitive Market Research, the commercial segment is rising as the infrastructure is growing in the region, and the demand for security concerns and advanced technology is also rising. In conclusion, the Asia Pacific video surveillance security cameras market shows significant growth due to rising infrastructure in the region.
According to Cognitive Market Research, the global video surveillance security cameras market size was estimated at USD XX Million, out of which the Latin America market of more than 5% of the global revenue with market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030 a powerful combination of variables, including growing crime rates that call for increased security, the quick uptake of internet-connected gadgets, and government investments in smart city initiatives, are driving this surge. Businesses are setting the standard by installing sophisticated cameras in their banks, factories, and offices, and households are following suit for their security. Innovation plays a major role, with AI-powered analytics turning cameras into clever crime-fighters and cloud-based storage simplifying management. According to Cognitive Market Research, an increasing focus on safety concerns has led to the deployment of video cameras in the residential segments of the region. In conclusion, the Latin American video surveillance security cameras market exhibits steady growth, driven by advanced security and rising crime rates in the region, which has led to the adoption of this technology.
According to Cognitive Market Research, the global video surveillance security cameras market size was estimated at USD XX Million out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030 the main players in the Middle East and Africa (MEA) market are concentrated on growing their investments, product lines, alliances, and collaborations to develop reliable and easy-to-use features, such as mobile video surveillance. The two main nations influencing this region's high market generation are the United Arab Emirates and the Kingdom of Saudi Arabia. This may result from MEA businesses seizing chances to protect their customs and regulations and using technology to reduce risks to company gadgets. Additionally, MEA has the highest adoption rate for linked and mobile devices, which are most vulnerable to endpoint attacks. According to Cognitive Market Research, the commercial segment has grown substantially due to rising investments by the major players in this technology for better infrastructures. In conclusion, the MEA (Middle East and Africa) video surveillance security cameras market exhibits growth potential due to increased investments by the major players in the region.
Global Video Surveillance Security Cameras Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Video Surveillance Security Cameras Industry growth. Video Surveillance Security Cameras market has been segmented with the help of its Type, Application Component, and others. Video Surveillance Security Cameras market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, wireless IP cameras held the major market share over the forecast period. Installing wireless cameras is simpler than wired systems. By 2021, more than 1 billion security cameras will be in use worldwide, according to a report. Additionally, the business estimated that China is home to 54% of these cameras. The costs of installing wire cameras on a network are frequently very high. These wire-free cameras allow users to position them wherever they want, offering them even more versatility. This wireless surveillance system allows users to check their camera feeds remotely from any global location. A few Wi-Fi cameras can also be connected to wireless displays so that security camera footage can be watched and recorded.
Dome is the fastest-growing category over the forecast period. These cameras are visually appealing and resistant to vandalism because of their sleek, low-profile dome housing. They provide excellent visibility from all angles. Due to its discreet design, its applications are often used in banks, offices, and retail establishments.
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According to Cognitive Market Research, a large percentage of commercials hold a prominent market share, which might be ascribed to the expanding market for business uses of video surveillance systems. These applications include banking and finance buildings for crime prevention and fraud mitigation, retail environments for customer behavior analysis and theft deterrence, data centers and enterprises for protecting critical infrastructure, and hospitality establishments and warehouses for guest safety, staff monitoring, and security enhancement.
Industrial is the fastest-growing category over the forecast period. The need for security at industrial facilities to prevent theft, vandalism, and other criminal activity drives this expansion. In addition, the increasing adoption of smart manufacturing technologies is boosting the demand for video surveillance systems essential for monitoring and managing operations. The increased obligation to conform to safety laws, notably involving worker health and environmental protection, further contributes to this upsurge.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Video Surveillance Security Cameras market report 2024 Edition by contacting our team.
According to Cognitive Market Research, hardware holds a prominent market share. The strong demand for storage devices, monitors, and surveillance cameras is the main factor contributing to the segment's growth. Cameras that record video are essential for monitoring various settings, including homes, workplaces, schools, and public areas. With features like motion detection, facial recognition, and night vision, their capabilities keep getting better.
Over the forecast period, video surveillance as a service sales is the fastest-growing category prompted by an increase in the need for video surveillance systems, which require specific knowledge to install and configure. The growing use of video surveillance as a service (VSaaS), which provides a more affordable and scalable option than conventional on-premises solutions, further supports this trend. As more people use video analytics, there is an increasing need for expert services to set up and maintain these cutting-edge capabilities.
According to Cognitive Market Research, IP holds a prominent market share. The high-definition resolution, remote access, integration with AI analytics, and a variety of encoding methods and network protocols used by video management software to provide improved security and actionable insights are some of the elements driving the expansion of IP video surveillance.
The hybrid is the fastest-growing category over the forecast period. High-megapixel image sensors, lens-swappable components, and liquid crystal display (LCD) or organic light-emitting diodes (OLED) screens are all features of hybrid security cameras. Several industry firms, including Panasonic Corporation, provide various hybrid camera products, such as the Lumix GH4 series and the HD camcorder HC-W580 series. These cameras can be used for various purposes, including surveillance and recording 4K movies. The elements above are probably going to increase demand for hybrid security cameras.
According to Cognitive Market Research, NVR holds a prominent market share. IP cameras are directly connected to NVRs, which are specialized recording equipment, via a network. They have several advantages compared to conventional DVRs (Digital Video Recorders) that use analog cameras.
The hybrid is the fastest-growing category over the forecast period. With hybrid recorders, customers can store video on internal hard drives and network storage because they mix the characteristics of NVRs and DVRs. This offers more flexibility and redundancy than NVRs or DVRs alone. Hybrid recorders are a suitable alternative for medium-sized enterprises looking for a compromise between price and cutting-edge capabilities.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Disclaimer:
Type | Box Camera, Dome, Bullet, PTZ, IP, Day/Night, Thermal (FLIR) Camera, Wireless IP Camera |
Application | Institutional, Residential, Commercial, Industrial, Border Security, City Infrastructure |
Component | Hardware, Software, Video Surveillance as a Service |
Technology | Hybrid, IP |
Storage | NVR, DVR, Hybrid |
List of Competitors | Canon Inc, Axis Communications AB, NICE Ltd, VIVOTEK Inc, Volker, Sony Semiconductor Solutions, FUJIFILM Corporation, TESCOM JAPAN Co. Ltd, Panasonic Connect Group, Pacific Corporation |
This chapter will help you gain GLOBAL Market Analysis of Video Surveillance Security Cameras. Further deep in this chapter, you will be able to review Global Video Surveillance Security Cameras Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Video Surveillance Security Cameras Market Trends North America Video Surveillance Security Cameras Technological Road Map North America Video Surveillance Security Cameras Market Drivers North America Video Surveillance Security Cameras Market Restraints North America Video Surveillance Security Cameras Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Component Analysis 2019 -2031
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Chapter 13 Market Split by Technology Analysis 2019 -2031
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Chapter 14 Market Split by Storage Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Video Surveillance Security Cameras market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Box Camera have a significant impact on Video Surveillance Security Cameras market? |
What are the key factors affecting the Box Camera and Dome of Video Surveillance Security Cameras Market? |
What is the CAGR/Growth Rate of Institutional during the forecast period? |
By type, which segment accounted for largest share of the global Video Surveillance Security Cameras Market? |
Which region is expected to dominate the global Video Surveillance Security Cameras Market within the forecast period? |
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