United States Video Surveillance Industry Outlooks
The majority of private-sector retail and commercial buildings in the US, including hotels, restaurants, and office complexes, have surveillance cameras. For security and safety reasons, video surveillance uses cameras and recording devices to watch and document activity in different areas. A network of strategically positioned cameras is usually part of it; these cameras record live video that can be watched immediately or recorded for later inspection. The system commonly interfaces with other technologies to enable remote monitoring, detect anomalous activity, and issue alerts. Examples of these other technologies include motion sensors and analytics software. Common uses include bolstering security, assisting in crime prevention and investigation, and safeguarding public areas, businesses, and private properties.Regulatory restrictions, technical developments, and growing security concerns are driving expansion in the U.S. video surveillance market. AI, IoT, and high-definition camera use all increase system performance and efficiency. For the protection of infrastructure and public safety, modern surveillance technologies must comply with industry standards and government requirements. Demand is also increased by the growth of infrastructure projects and smart city initiatives. The market is also growing because of the necessity for integrated security solutions in industries including transportation, healthcare, and retail, as well as the falling costs of technology.
Driving Forces of United States Video Surveillance Market
Heightened Security Concerns
Increased security concerns are one of the main drivers of the US video surveillance market's growth. Because of the necessity to maintain safety in busy areas, the threat of terrorism, and the rise in crime, there has been a greater emphasis in recent years on safeguarding both public and private areas. The need for sophisticated video surveillance systems with real-time monitoring, thorough recording, and quick response times is fueled by this increased feeling of vulnerability.Strong surveillance systems are necessary in locations like government buildings, malls, and schools due to high-profile emergencies and catastrophes like mass shootings and public disturbances. Consequently, there is an increasing need for integrated security solutions, high-resolution cameras, and advanced analytics that can improve situational awareness and help avoid or mitigate incidents. The necessity for cutting-edge monitoring technologies is also made more urgent by the rising frequency of cyberattacks and data breaches. Institutions and organizations are spending money on surveillance systems with improved cybersecurity features to safeguard video data from manipulation and illegal access. The video surveillance industry in the United States is growing steadily due to its all-encompassing approach to security.
Growth in IoT and Cloud Computing
The increase of the video surveillance business in the United States has been largely fueled by the development of cloud computing and the Internet of Things (IoT). The Internet of Things has transformed surveillance systems by making it possible for linked devices to easily interact and work together. The integration of cameras, sensors, and other devices enables the development of intelligent surveillance networks that offer all-encompassing security solutions. To improve overall security efficacy, IoT-enabled cameras, for example, can interact with access control and alarm systems to trigger automatic reactions in real time.The provision of scalable and adaptable storage solutions by cloud computing has further fueled industry expansion. Cloud-based platforms provide the off-site storage of large volumes of video data, negating the need for expensive on-premises infrastructure and facilitating remote access and control. Furthermore, artificial intelligence and advanced analytics are supported by cloud computing, allowing for the absence of a large local infrastructure requirement for advanced capabilities like data analysis, real-time warnings, and remote monitoring.
The integration of IoT and cloud computing has improved the affordability, accessibility, and functionality of video surveillance systems, leading to their widespread acceptance in a variety of industries, including public safety, commercial, and residential. The growing video surveillance market in the United States can be attributed in large part to this technical synergy.
Technological Advancements
The video surveillance market in the United States has grown tremendously as a result of technological advances. Advancements like 4K and high-definition (HD) quality cameras have improved visual sharpness and detail, increasing the efficacy of surveillance systems for monitoring and security. By enabling cutting-edge features like facial recognition, motion detection, and predictive analytics, the industry has undergone even more transformation thanks to the integration of artificial intelligence (AI) and machine learning. The efficiency of monitoring operations is increased by these technologies, which enable automated reactions and real-time threat identification.Furthermore, as Internet of Things (IoT) connectivity has grown, intelligent surveillance systems have been created. These devices may be remotely controlled and monitored via cloud-based and mobile applications. Because of its improved accessibility and scalability, video surveillance can now better accommodate a wider range of requirements.
The industry has grown as a result of the widespread use of data storage options, such as cloud storage, which offer scalable and affordable methods for organizing and evaluating massive amounts of surveillance video. All in all, these technological developments are propelling a rise in the use of video surveillance systems in a number of industries, such as public safety, healthcare, and retail, which is helping to expand the market as a whole.
Florida Video Surveillance Market
A number of variables are propelling the strong expansion of the Florida video surveillance industry. Advanced surveillance solutions are becoming more and more in demand as worries about security in both residential and commercial premises grow. Increased security systems are required in both new and existing infrastructures due to the state's fast urbanization and population increase. Furthermore, the implementation of integrated surveillance systems is being driven by the growth of smart city efforts in places like Miami and Orlando, which are intended to improve traffic management and public safety.By offering more scalable and efficient solutions, technological innovations like AI-driven analytics, cloud storage, and high-definition cameras are further propelling market progress. The state's infrastructure improvements and business-friendly atmosphere contribute to Florida's status as a thriving and expanding market for video surveillance solutions. When taken as a whole, these elements are stimulating market expansion and drawing in a variety of surveillance solution suppliers.
United States Video Surveillance Company Analysis
The key players in United States video surveillance industry are Honeywell International Inc., Robert Bosch GmbH, Schneider Electric SE, Panasonic Holdings Corporation, Cisco Systems Inc., TKH GROUP N.V., Motorola Solutions, Inc. and Verint Systems Inc.United States Video Surveillance Company News
September 2022- Leading provider of intelligent IoT solutions focused on video, Dahua Technology U.S.A. Inc., unveiled a new camera in its Lite Series that gives users more options for lighting at night. Depending on the amount of light and activity in the scene, the twin infrared and white-light uplights on the VU-MORE Colour camera automatically activate.July 2022- A new campaign was created by Konica Minolta Business Systems U.S.A., Inc. (Konica Minolta) to increase awareness of their cutting-edge security camera solutions. Its superhero theme, which plays on the hero/villain dichotomy, exhorts business owners and physical security personnel to view their establishments as communities that they defend and champion.
April 2022- Qognify unveiled Qognify VMS, a cutting-edge video management system. It is made to satisfy the unique physical security requirements of businesses worldwide. Moreover, it is founded on the tried-and-true performance of Qognify's well-known Cayuga video monitoring system, which is utilised in thousands of CCTV systems across the globe.
Feb 2022- With the introduction of its cutting-edge M.I.C. I.P. Fusion 9000i 9mm cameras, Bosch Security Systems Inc. offered comprehensive situational awareness. In order to provide complete contextual information to perimeter detecting applications, such as along a site boundary at an electricity or utility facility, data centre, or other high protective installations, the additional M.I.C. I.P. fusion 9000i 9mm camera complements the current M.I.C. I.P. fusion 9000i line-up.
Component - Market breakup in 3 viewpoints:
1. Hardware2. Software
3. Services
System Type - Market breakup in 3 viewpoints:
1. Analog Surveillance2. IP Surveillance
3. Hybrid Surveillance
Application - Market breakup in 6 viewpoints:
1. Public Facility2. Commercial
3. Residential
4. Industrial
5. Military & Defense
6. Infrastructure
States - Market breakup in 29 viewpoints:
1. California2. Texas
3. New York
4. Florida
5. Illinois
6. Pennsylvania
7. Ohio
8. Georgia
9. New Jersey
10. Washington
11. North Carolina
12. Massachusetts
13. Virginia
14. Michigan
15. Maryland
16. Colorado
17. Tennessee
18. Indiana
19. Arizona
20. Minnesota
21. Wisconsin
22. Missouri
23. Connecticut
24. South Carolina
25. Oregon
26. Louisiana
27. Alabama
28. Kentucky
29. Rest of United States
Key players have been covered from 4 Viewpoints:
- Business Overview
- Key Persons
- Recent Development & Strategies
- Financial Insights
Key Players Analysis:
- Honeywell International Inc.
- Robert Bosch GmbH
- Schneider Electric SE
- Panasonic Holdings Corporation
- Cisco Systems Inc.
- TKH GROUP N.V.
- Motorola Solutions, Inc.
- Verint Systems Inc.
Table of Contents
Companies Mentioned
- Honeywell International Inc.
- Robert Bosch GmbH
- Schneider Electric SE
- Panasonic Holdings Corporation
- Cisco Systems Inc.
- TKH GROUP N.V.
- Motorola Solutions, Inc.
- Verint Systems Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | October 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 18.57 Billion |
Forecasted Market Value ( USD | $ 50.54 Billion |
Compound Annual Growth Rate | 11.7% |
Regions Covered | United States |
No. of Companies Mentioned | 8 |