The Europe Video Surveillance Market is expected to witness market growth of 12.0% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Video Surveillance Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $9.48 billion by 2031. The UK market exhibits a CAGR of 11.3% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 12.9% during 2024-2031.
The adoption of video surveillance has seen a rapid increase, driven by technological innovations, changing regulatory environments, and the growing need for proactive security measures. Technologies such as IP-based surveillance cameras, cloud storage, artificial intelligence (AI), and advanced analytics have significantly transformed the market, enabling new levels of operational efficiency, data-driven insights, and remote monitoring capabilities. This transformation, combined with the Internet of Things (IoT) expansion, has contributed to the rise of smart surveillance systems capable of capturing and analyzing footage in real-time.
Video surveillance technology is used across various industries to enhance security, streamline operations, and improve safety. The primary application of video surveillance remains security. Surveillance systems are commonly used for crime prevention, detection, and evidence gathering. Organizations can deter criminal activity by monitoring key locations, identifying perpetrators, and providing vital evidence in legal proceedings. This is especially important in environments such as banks, airports, shopping malls, and public spaces.
The increased demand for video surveillance has also led to a competitive market, with numerous companies offering diverse and affordable solutions. This competition drives continuous innovation, making advanced surveillance technology more accessible to a broader audience. Governments and municipalities are also investing in public surveillance systems to enhance safety in urban areas, further boosting the market growth. Thus, the increase in property crimes across the European Union has profoundly impacted the growth of the video surveillance market.
The Germany market dominated the Europe Video Surveillance Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $9.48 billion by 2031. The UK market exhibits a CAGR of 11.3% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 12.9% during 2024-2031.
The adoption of video surveillance has seen a rapid increase, driven by technological innovations, changing regulatory environments, and the growing need for proactive security measures. Technologies such as IP-based surveillance cameras, cloud storage, artificial intelligence (AI), and advanced analytics have significantly transformed the market, enabling new levels of operational efficiency, data-driven insights, and remote monitoring capabilities. This transformation, combined with the Internet of Things (IoT) expansion, has contributed to the rise of smart surveillance systems capable of capturing and analyzing footage in real-time.
Video surveillance technology is used across various industries to enhance security, streamline operations, and improve safety. The primary application of video surveillance remains security. Surveillance systems are commonly used for crime prevention, detection, and evidence gathering. Organizations can deter criminal activity by monitoring key locations, identifying perpetrators, and providing vital evidence in legal proceedings. This is especially important in environments such as banks, airports, shopping malls, and public spaces.
The increased demand for video surveillance has also led to a competitive market, with numerous companies offering diverse and affordable solutions. This competition drives continuous innovation, making advanced surveillance technology more accessible to a broader audience. Governments and municipalities are also investing in public surveillance systems to enhance safety in urban areas, further boosting the market growth. Thus, the increase in property crimes across the European Union has profoundly impacted the growth of the video surveillance market.
List of Key Companies Profiled
- Honeywell International, Inc.
- Cisco Systems, Inc.
- Axis Communications AB (Canon, Inc.)
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Panasonic Holdings Corporation
- Robert Bosch GmbH
- Teledyne FLIR LLC
- Sony Corporation
- Zhejiang Dahua Technology Co., Ltd.
- Swann Communications Pty. Ltd. (Infinova Group)
Market Report Segmentation
By System Type
- IP Surveillance
- Analog Surveillance
- Hybrid Surveillance
By End User
- Commercial
- Military & Defense
- Infrastructural
- Residential
- Other End Users
By Component
- Hardware
- Camera
- Monitor
- Storage
- Accessories
- Software
- Video Analytics
- Video Management Software
- Services
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Video Surveillance Market by System Type
Chapter 6. Europe Video Surveillance Market by End User
Chapter 7. Europe Video Surveillance Market by Component
Chapter 8. Europe Video Surveillance Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Honeywell International, Inc.
- Cisco Systems, Inc.
- Axis Communications AB (Canon, Inc.)
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Panasonic Holdings Corporation
- Robert Bosch GmbH
- Teledyne FLIR LLC
- Sony Corporation
- Zhejiang Dahua Technology Co., Ltd.
- Swann Communications Pty. Ltd. (Infinova Group)
Methodology
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