An IP camera CCTV system provides numerous benefits compared to its analog counterpart such as enhanced image quality, remote access & monitoring, scalability, and advanced functionalities like analytics and integration with other smart technologies. There has been an increase in the demand for security applications such as video surveillance to monitor and record borders, ports, transportation infrastructure, corporate houses, educational institutes, public places, buildings, and others. The video surveillance market involves the integration of cutting-edge solutions for video capture, storage, and analytics, contributing to elevated levels of security, safety, and operational efficiency. Core components include surveillance cameras, video management systems (VMS), storage solutions, and analytics software. The introduction of high-definition and network-based cameras has transformed the industry, providing sharper and more detailed footage. Furthermore, the integration of artificial intelligence and deep learning technologies into video analytics has enabled advanced features such as facial recognition, object detection, and behavior analysis. Increasing concerns about security, coupled with the growing adoption of smart city initiatives, and the demand for comprehensive monitoring across various sectors, are key drivers of the video surveillance market's expansion.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. An increase in focus on public safety and security is a key driver of the video surveillance market, leading to substantial investments in robust surveillance solutions by both governmental bodies and private entities. However, privacy concerns and ethical considerations related to the extensive deployment of video surveillance technologies, resulting in regulatory complexities and public debates, hamper market growth. On the other hand, the advancement of artificial intelligence (AI) and analytics is an opportunity for video surveillance market. AI and analytics can enhance video surveillance capabilities, enabling more sophisticated threat detection, predictive analytics, and the efficient use of collected data across various applications, extending beyond security to include areas such as business intelligence and operational optimization.
The global video surveillance market covers segmentation based on system type, component, application, enterprise type, customer type, and region. The study highlights the details of various system types such as analog surveillance, IP surveillance, and hybrid surveillance. In addition, it provides information about different components such as hardware, software, and services. Furthermore, the applications covered in the study include commercial, military & defense, infrastructure, residential, and others. small-scale enterprise, medium-scale enterprise, and large-scale enterprise are the enterprise types studied in the report. The key customer types discussed are B2B and B2C. Moreover, it analyzes the current market trends of video surveillance across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests future growth opportunities.
The key players profiled in the report include Teledyne FLIR LLC, Verkada Inc., Eagle Eye Networks, Inc., Zhejiang Dahua Technology Co., Ltd, Canon Inc., BCD International, Inc., Panasonic Corporation, Infinova Corporation, HONEYWELL Commercial Security (HONEYWELL INTERNATIONAL INC.), Motorola Solutions, Inc. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the global video surveillance market and the role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the video surveillance market analysis from 2022 to 2032 to identify the prevailing video surveillance market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the video surveillance market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global video surveillance market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Component
- Hardware
- Software
- Services
By Enterprise Size
- Small Scale Enterprise
- Medium Scale Enterprise
- Large Scale Enterprise
By System Type
- Analog Surveillance
- IP Surveillance
- Hybrid Surveillance
By Customer Type
- B2B
- B2C
By Application
- Commercial
- Military and Defense
- Infrastructure
- Residential
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Latin America
- Latin America
- Middle East
- Africa
- Teledyne FLIR LLC.
- Infinova Corporation
- Canon Inc.
- BCD International, Inc.
- Verkada Inc.
- Motorola Solutions, Inc.
- Zhejiang Dahua Technology Co., Ltd
- HONEYWELL Commercial Security (HONEYWELL INTERNATIONAL INC.)
- Eagle Eye Networks, Inc.
- Panasonic Corporation
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Table of Contents
Executive Summary
According to the report titled, 'Video Surveillance Market by System Type, Component, Application, Enterprise Size, and Customer Type: Opportunity Analysis and Industry Forecast, 2019-2027', the global video surveillance market was valued at $42.94 billion in 2019, and is projected to reach $144.85 billion by 2027, registering a CAGR of 14.6% from 2020 to 2027.Video surveillance system provides real-time monitoring of environment and people. This surveillance system is used to promote safety and security among the users. Next-generation video surveillance cameras is one of the most promising security solutions that has the capability of offering real-time surveillance and is superior compared to the traditional surveillance systems. Video surveillance system helps the end user to maintain flexible security solutions in the respective environment.
Video surveillance is witnessing wide acceptance and is expected to experience growth in the security service market in future. Currently, this technology is in its growing stage; however, it is expected to gain a major position in the market owing to technological developments. This system is gaining popularity among the small and medium-scale enterprises. Advancements in technology are anticipated to help the video surveillance cameras and accessories manufacturing companies to reduce the overall cost of production of the system. The global video surveillance market is predicted to exhibit growth during the forecast period owing to the increased demand for enhanced security products. This boosts the global video surveillance market growth.
According to video surveillance market trends, IoT is expanding at a rapid rate and is expected to grow over the coming years at a constant pace. Around 20 billion connected devices are estimated to be worldwide by 2020. Integration of IoT in video surveillance for security and monitoring offers greater visibility over asset monitoring to improve security and prevent critical loss through real-time surveillance. This feature ensures secured monitoring facility from any location with WI-FI access, security alerts, and real-time data capturing. For instance, integration of IoT in video surveillance assists in the working of intelligent transportation system. Rise in demand for integrated security and monitoring in traffic management system and network encourages the governments of various countries to deploy smart monitoring system for intelligent transport model. This in turn supplements the video surveillance market share globally.
Public safety is of top priority in the world. Public safety agencies are investing in numerous new technologies to ensure efficiency. This includes smart applications to securely connect radio networks with users carrying smartphones and other devices, video surveillance devices that can be worn to increase safety and accountability for officers and citizens, and purpose-built mobile applications to improve the management of daily workflows. The government has introduced new technologies and strategies to ensure public safety and security due to surge in crime rates, antisocial behavior, and terrorist attacks. It has become necessary to improve the system and responses for catastrophic attacks and to find safe, cost-effective, and feasible solutions. This feature adds traction to the market growth and offers lucrative opportunities for the growth of the video surveillance market.
According to video surveillance market forecast, Asia-Pacific occupies a major share in the global video surveillance technology market. This is due to an increase in the population and adoption of enhanced technologies in the security system in developing countries such as India, China, and Indonesia. Various product launches and advancements in technologies in the surveillance security market anticipate huge growth in the Asia-Pacific video surveillance market. Rise in demand for video surveillance and video security systems from verticals such as commercial facilities and city surveillance in the region drive the growth of the market.
The market for video surveillance is expected to witness growth in Asia-Pacific owing to the increased security concerns. The governments in these countries have started to invest heavily in video surveillance systems. In addition, other emerging countries such as Taiwan, Malaysia, and Thailand are working toward improving infrastructure and city surveillance, which is further expected to boost the growth of the video surveillance market in the region.
Key Findings Of The Study
By system type, the IP surveillance segment generated the highest revenue in 2019.
By component, the hardware segment generated the highest revenue in 2019.
By application, the commercial segment generated the highest revenue in 2019.
By enterprise size, the large-scale enterprise segment generated the highest revenue in 2019.
By customer type, the B2B segment generated the highest revenue in 2019
The key players profiled in the video surveillance industry include HKVISION, Ltd., Bosch Security System, Honeywell Security Group, Dahua Technology, FLIR, Panasonic, Avigilon, Axis Communication, Infinova, and Pelco.
Companies Mentioned
- Teledyne FLIR LLC.
- Infinova Corporation
- Canon Inc.
- BCD International, Inc.
- Verkada Inc.
- Motorola Solutions, Inc.
- Zhejiang Dahua Technology Co., Ltd
- HONEYWELL Commercial Security (HONEYWELL INTERNATIONAL INC.)
- Eagle Eye Networks, Inc.
- Panasonic Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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