MARKET OVERVIEW:
The global video surveillance systems market, valued at USD 74.4 billion in 2024, is projected to grow significantly, reaching USD 236.9 billion by 2033. This market is driven by the rising demand for security solutions across sectors like banking, retail, and defense, alongside technological advancements such as AI, IoT, and deep learning. These innovations enhance video analytics, fueling market growth at a projected CAGR of 13.05% from 2025 to 2033.
STUDY ASSUMPTION YEARS:
- BASE YEAR: 2024
- HISTORICAL YEAR: 2019-2024
- FORECAST YEAR: 2025-2033
VIDEO SURVEILLANCE SYSTEMS MARKET KEY TAKEAWAYS:
- The market size in 2024 is USD 74.4 billion, with a forecasted value of USD 236.9 billion by 2033, growing at a CAGR of 13.05% from 2025 to 2033.
- The BFSI sector is a significant driver of market growth due to rising security concerns.
- Retail industry demand for surveillance systems is increasing, driven by the need to reduce theft and enhance store security.
- Technological advancements in AI, IoT, and deep learning are revolutionizing surveillance capabilities.
- High-definition cameras and government mandates are fueling the adoption of surveillance systems in public spaces.
- The defense sector's demand for surveillance is on the rise, particularly for monitoring public activities.
MARKET GROWTH FACTORS:
Technological Advancement: The integration of AI, deep learning, and IoT into video surveillance systems has been a significant factor driving market growth. These technologies enable advanced video analytics capabilities, such as facial recognition, vehicle tracking, and license plate identification, thus enhancing security measures for various sectors. Additionally, the ability of AI to predict security threats and optimize operations is being appreciated more in the BFSI and retail sectors. Meanwhile, the proliferation of IoT devices enhances the above capabilities by interlinking surveillance systems with other security systems, thereby establishing a sturdy security ecosystem.
Rising Demand in Retail and BFSI Sectors: Retail demand for video surveillance systems is increasing due to rising incidences of thefts, both external and inside stores. The retailers are also using the surveillance footage for monitoring store performance and enhancing customer safety. In the same manner, the growth of the BFSI sector has increased the demand for security measures to keep sensitive transactions and prevent fraud. Surveillance systems supervise sensitive areas like ATM lobbies, bank counters, and vaults, ensuring safety of customers and compliance with regulatory requirements.
Government Regulation and Public Safety Concern: Government initiatives for the installation of video surveillance cameras in public areas are another strengthening factor for the growth of the market. With increased global concerns regarding public safety, terrorism, and crime, the adoption of surveillance systems has become a major focus for both government and private entities. More surveillance in urban settings, transportation junctions, and critical infrastructure helps maintain the security of public Gatherings while also deterring criminal acts.
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Market Segmentation:
Breakup by System Type:
- Analog Surveillance
- IP Surveillance
- Hybrid Surveillance
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Application:
- Commercial
- Military and Defense
- Infrastructure
- Residential
- Others
Breakup by Enterprise Size:
- Small Scale Enterprise
- Medium Scale Enterprise
- Large Scale Enterprise
Breakup by Customer Type:
- B2B
- B2C
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
KEY PLAYERS:
- Axis Communications AB (Canon Inc.)
- Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH)
- Eagle Eye Networks Inc.
- Hangzhou Hikvision Digital Technology Company Limited
- Honeywell International Inc.
- Infinova Corporation
- Panasonic Corporation
- Qognify Inc.
- Samsung Electronics Co. Ltd.
- Schneider Electric SE
- Sony Group Corporation
- Zhejiang Dahua Technology Co. Ltd.
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