Video Surveillance Market Analysis: Growth, Size, Share & Future Trends (2024-2029)

The market report presents a thorough analysis segmented by Offering (Camera, Storage Devices, Monitors, AI-Based VMS, Non AI-Based VMS, Video Content Analysis, AI-Driven Video Analytics, vSaaS); by System (Analog Video Surveillance Systems, IP Video Surveillance Systems, Hybrid Video Surveillance Systems); by End User (Commercial, Institutional, Industrial, Defense, Residential); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa). 

Outlook 

• The video surveillance market is estimated to be at USD 70,038.03 Mn in 2024 and is anticipated to reach USD 107,396.33 Mn in 2029. 

• The video surveillance market is registering a CAGR of 8.93% during the forecast period of 2024-2029. 

• The growth of the global video surveillance market is driven by increasing security concerns, advancements in video surveillance technology, and the expanding adoption of AI-powered analytics in monitoring systems. 

Request a free sample. 

Ecosystem 

• The participants in the global video surveillance industry dominate the market with extensive product portfolios, advanced technology integration, and strong global distribution networks. 

• These companies primarily use acquisitions, R&D, partnerships, and technological launches to maintain a competitive edge in the market. 

• Several important entities in the video surveillance market include Hangzhou Hikvision Digital Technology Co., Ltd.; Zhejiang Dahua Technology Co., Ltd.; Axis Communications AB; Bosch Sichereitssysteme GmbH; Zhejiang Uniview Technologies Co., Ltd.; and others. 

Ask for customization. 

Findings 

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 70,038.03 Mn
Market Size (2029)	USD 107,396.33 Mn
Growth Rate	8.93% CAGR from 2024 to 2029
Key Segments	Offering (Camera, Storage Devices, Monitors, AI-Based VMS, Non AI-Based VMS, Video Content Analysis, AI-Driven Video Analytics, vSaaS); System (Analog Video Surveillance Systems, IP Video Surveillance Systems, Hybrid Video Surveillance Systems); End User (Commercial, Institutional, Industrial, Defense, Residential); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Hangzhou Hikvision Digital Technology Co., Ltd.; Zhejiang Dahua Technology Co., Ltd.; Axis Communications AB; Bosch Sichereitssysteme GmbH; Zhejiang Uniview Technologies Co., Ltd.
Key Countries	The US; Canada; Mexico; Brazil; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; UAE; Saudi Arabia
Largest Market	Asia Pacific

Get a free quote. 

Trends  

• Rise of AI in Surveillance: The integration of artificial intelligence (AI) into video surveillance systems is a key trend, enabling advanced features like facial recognition, behavior analysis, and object detection. In 2023, Hikvision, a leading video surveillance provider, introduced AI-powered cameras capable of real-time threat detection, showcasing the trend towards smarter surveillance solutions. 

• Cloud-Based Surveillance: The adoption of cloud-based video surveillance is increasing as organizations seek scalable, cost-effective, and secure storage solutions. In 2023, Avigilon, a subsidiary of Motorola Solutions, launched its cloud-based video management software, offering remote access and enhanced data security, reflecting the shift towards cloud-enabled systems. 

• Adoption of Thermal Cameras: Thermal cameras are gaining popularity for surveillance in low-light or no-light conditions, especially in critical infrastructure and border security. In 2023, FLIR Systems expanded its thermal camera offerings for industrial and military applications, demonstrating the growing adoption of thermal imaging technology. 

Speak to analyst. 

Catalysts 

• Increasing Security Concerns: Rising concerns over crime, terrorism, and public safety are driving the demand for video surveillance systems. In 2023, the U.S. Department of Homeland Security expanded its investment in video surveillance technology for critical infrastructure protection, highlighting the importance of surveillance in national security. 

• Government Initiatives: Government initiatives to enhance public safety and regulatory mandates for video surveillance in public spaces are significant drivers of market growth. In 2023, the European Union implemented new regulations requiring video surveillance in public transportation systems, boosting demand for advanced surveillance solutions across the region. 

• Growth of Smart Homes: The proliferation of smart home technologies is driving the adoption of video surveillance systems in residential applications. In 2023, Ring, a leading home security company, introduced a new range of IoT-enabled video doorbells, reflecting the growing trend of connected home security solutions. 

Inquire before buying. 

Restraints 

• Privacy Concerns: Privacy concerns related to the use of video surveillance, particularly in public spaces, pose a challenge to market expansion. In 2023, the European General Data Protection Regulation (GDPR) imposed stricter guidelines on the use of video surveillance in the public and private sectors, requiring companies to ensure compliance with privacy laws. 

• High Installation Costs: The high upfront costs associated with installing and maintaining advanced video surveillance systems can be a barrier for small and medium-sized enterprises (SMEs). In 2023, a survey by the National Federation of Independent Business (NFIB) in the U.S. revealed that 40% of SMEs cited cost as a major deterrent to adopting advanced surveillance solutions. 

• Cybersecurity Threats: As video surveillance systems become more connected, they are increasingly vulnerable to cyberattacks. In 2023, a significant data breach at a major video surveillance company in the U.S. exposed the footage from thousands of cameras, highlighting the cybersecurity risks associated with networked surveillance systems. 

Personalize this research. 

Hotspot 

Explore purchase options. 

Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Video Surveillance Market (2018 – 2022)         2.2.    Global Video Surveillance Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Video Surveillance Market by Offering                3.1.1.    Camera                3.1.2.    Storage Devices                3.1.3.    Monitors                3.1.4.    AI-Based VMS                3.1.5.    Non AI-Based VMS                3.1.6.    Video Content Analysis                3.1.7.    AI-Driven Video Analytics                3.1.8.    vSaaS         3.2.    Global Video Surveillance Market by System                3.2.1.    Analog Video Surveillance Systems                3.2.2.    IP Video Surveillance Systems                3.2.3.    Hybrid Video Surveillance Systems         3.3.    Global Video Surveillance Market by End User                3.3.1.    Commercial                   3.3.2.    Institutional                3.3.3.    Industrial                3.3.4.    Defense                3.3.5.    Residential  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Chile                4.2.5.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Video Surveillance Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Hangzhou Hikvision Digital Technology Co., Ltd.         9.2.    Zhejiang Dahua Technology Co., Ltd.         9.3.    Axis Communications AB         9.4.    Bosch Sichereitssysteme GmbH         9.5.    Zhejiang Uniview Technologies Co., Ltd.         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

Know the research methodology. 

Video Surveillance Market – FAQs 

1.  What is the current size of the video surveillance market? 

Ans. In 2024, the video surveillance market size is $70,038.03 Mn. 

2.  Who are the major vendors in the video surveillance market?  

Ans. The major vendors in the video surveillance market are Hangzhou Hikvision Digital Technology Co., Ltd.; Zhejiang Dahua Technology Co., Ltd.; Axis Communications AB; Bosch Sichereitssysteme GmbH; Zhejiang Uniview Technologies Co., Ltd. 

3.  Which segments are covered under the video surveillance market segments analysis?  

Ans. The video surveillance market report offers in-depth insights into Offering, System, End User, and Geography.