Global Video Surveillance Systems Market Overview 2023-2028
The global video surveillance systems market size reached US$ 57.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 135.2 Billion by 2028, exhibiting a growth rate (CAGR) of 14.8% during 2023-2028.
Video surveillance systems, often referred to as closed-circuit television (CCTV) systems, serve as all-encompassing security solutions employed for the continuous monitoring and recording of activities in diverse environments. These systems encompass various elements, with their primary function being the capture of real-time visual data in designated areas. They come in several forms, including analog, internet protocol (IP)-based, and wireless systems, each offering distinct features tailored to specific needs. These systems are equipped with advanced technologies, such as high-resolution cameras, digital video recorders (DVRs), and network components. Their advantages include the capacity to deter criminal activities, reduce theft and vandalism, and improve employee productivity, particularly in a business setting. They play a crucial role in enhancing security and safety across a wide range of contexts, including residential, commercial, and public spaces. They find application in supermarkets and retail establishments to prevent shoplifting.
Global Video Surveillance Systems Market Trends and Drivers:
Currently, the increasing recognition of video surveillance’s contributions to bolstering public safety in airports, public transportation hubs, and crowded gatherings stands as a pivotal driving force behind market expansion. Furthermore, the growing incorporation of artificial intelligence (AI) and machine learning (ML) algorithms into video surveillance systems, enabling advanced analytics such as predictive maintenance, crowd analysis, and object recognition, is reinforcing market growth. Additionally, ongoing technological advancements, including facial recognition and motion detection, are enhancing the efficiency and versatility of video surveillance systems. What’s more, the escalating adoption of advanced video surveillance systems by national and international border security agencies to enhance border monitoring and threat detection is further fortifying market growth. Similarly, the increasing deployment of video surveillance in healthcare settings for patient monitoring and security is fostering market expansion. Likewise, the surging utilization of video surveillance by factories and manufacturing facilities to oversee production lines and ensure workplace safety is painting a positive picture for the market. Beyond these factors, the growing integration of video surveillance systems into traffic management for accident detection, traffic flow control, and enforcement of traffic regulations is propelling market growth.
Global Video Surveillance Systems Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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 and Zhejiang Dahua Technology Co. Ltd.
The report segmented the market on the basis of region, system type, component, application, enterprise size and customer type.
Breakup by System Type:
- Analog Surveillance
- IP Surveillance
- Hybrid Surveillance
Breakup by Component:
Breakup by Application:
- Military and Defense
Breakup by Enterprise Size:
- Small Scale Enterprise
- Medium Scale Enterprise
- Large Scale Enterprise
Breakup by Customer Type:
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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