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The video surveillance market size is forecast to increase by USD 28.79 billion between 2022 and 2027, accelerating at a CAGR of 9.33%. In 2017, China held the largest market share, projecting an annual revenue of USD 6.46 billion. The report offers extensive research analysis on the Video Surveillance Market, with a categorization based on Product, including Hardware, Software, and Services. It further segments the market by End-user, encompassing Public, Commercial, and Residential. Additionally, the report provides geographical segmentation, covering APAC, North America, Europe, Middle East and Africa, and South America. Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
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The need to mitigate criminal activities and terrorist attacks are notably driving market growth. The increasing number of terrorist attacks, especially in countries such as the US and the UK, has necessitated the deployment of video surveillance solutions. Furthermore, video surveillance solutions are also deployed to curb antisocial activities such as intrusion, murder, robbery, and theft. Moreover, the governments of several countries have imposed stringent regulations that require the installation of video surveillance solutions in public locations such as hypermarkets, hospitals, airports, ports, railway stations, hotels, and malls to curb criminal and terrorist activities.
Therefore, the deployment of video surveillance solutions enables a safe and crime-free environment and improves the quality of life of citizens. Video surveillance solutions can be used to track and apprehend criminals and provide conclusive evidence in court. Several vendors are also developing solutions to identify crimes before they happen. Therefore, the need to mitigate criminal activities and terrorist attacks drives the growth of the market.
The hardware segment was valued at USD 16.15 billion in 2017 and continued to grow until 2021. The market share growth of the hardware segment will be significant during the forecast period. The hardware components of video surveillance solutions include cameras, storage devices, network video recorder (NVR) hardware, video encoders, and network infrastructure. The vital component of video surveillance solutions is a camera. Some vendors that operate in the market are focusing on launching new variants of hardware systems for video surveillance. Additionally, new product launches with innovative features can influence the growth of the market during the forecast period.
APAC is estimated to contribute 47% to the growth of the global market during the forecast period. The growth of the video surveillance market in APAC is driven by rapid urbanization and industrialization and significant investments in defense by countries such as China and India. Beijing, China, is a global leader in the installation of public video surveillance systems. Countries such as Japan, South Korea, and Australia have adopted video surveillance due to the technological maturity of industries and the need to safeguard their citizens. These developed countries have a mature end-user base for video surveillance systems due to the standardization of industries and the presence of a framework for public safety. Therefore, the demand for video surveillance from the residential and commercial segments is high in the region. The focus on infrastructural development by emerging economies also drives the growth of the market in the region.
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The Video Surveillance Market is fragmented in nature. Some significant players include Agent Video Intelligence Ltd., Costar Technologies Inc., CP PLUS International, Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Hexagon AB, Honeywell International Inc., Huawei Investment and Holding Co. Ltd., i PRO Co. Ltd., Motorola Solutions Inc., NEC Corp., NICE Ltd., Robert Bosch GmbH, Teledyne Technologies Inc., Tiandy Technologies Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Zhejiang Uniview Technologies Co. Ltd., Zicom Saas Pvt. Ltd., and Canon Inc.
The video surveillance market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
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Video Surveillance Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2022 |
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Historic period |
2017 - 2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.33% |
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Market growth 2023-2027 |
USD 28.79 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
8.89 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 47% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Agent Video Intelligence Ltd., Costar Technologies Inc., CP PLUS International, Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Hexagon AB, Honeywell International Inc., Huawei Investment and Holding Co. Ltd., i PRO Co. Ltd., Motorola Solutions Inc., NEC Corp., NICE Ltd., Robert Bosch GmbH, Teledyne Technologies Inc., Tiandy Technologies Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Zhejiang Uniview Technologies Co. Ltd., Zicom Saas Pvt. Ltd., and Canon Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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