The global 3D surveillance software market is anticipated to reach $211.5 million by 2031, growing from $110.6 million in 2021, at a CAGR of 7.0% from 2022 to 2031.
Digital surveillance systems such as 3D surveillance software are gaining significant popularity across the world. 3D surveillance software is making analog technology obsolete. 3D surveillance software system uses sensor fusion technology based on thermal imaging, LiDAR, artificial intelligence, and edge computing that can efficiently detect physical changes in space. 3D surveillance software can be customized by geofencing the zones that need protection and this software can detect authorized or unauthorized activity with efficient technology. This software can identify the difference between still & moving objects as well as between people & animals, rain, trees, and others. These factors are projected to boost the 3D surveillance software market size during the forecast period.
The growing popularity of the 3D surveillance software market owing to its use in buildings, transportation, real estate, and other sectors is anticipated to drive the software demand. In the buildings sector, the use of traditional security systems focuses on the moment of intrusion. For instance, if someone breaks the barrier, an alarm is triggered. However, these traditional systems fail to detect the position of an intruder. Owing to this, animals or even drifting leaves or bad weather conditions can lead to faulty alarms. To overcome such limitations, 3D surveillance software is used that can effectively determine the intruder’s location and moment at any given point of time. With the help of AI, this software can also distinguish between threat and non-threat. These factors are anticipated to drive the 3D surveillance software market growth during the forecast timeframe.
However, the shortage of effective system operators owing to insufficient training is a restraint that is anticipated to impede market expansion. Concerns about the time required for 3D software modeling and rendering as well as a lack of a properly built technological infrastructure are anticipated to restrain the market expansion for 3D surveillance software during the forecast period.
The emerging applications of 3D surveillance software across the entertainment and arts & culture sector are projected to generate excellent growth opportunities. For instance, in arts & culture, this software can be used to enhance security in art galleries & museums. This can help in preventing theft and vandalism of historical artifacts and precious art. With the help of 3D surveillance software, invisible digital fences are built around specific objects or areas and if someone crosses this security zone, the alarm is triggered. Similarly, in the entertainment industry, the 3D surveillance software market finds a wide range of applications that can track the position and movement of people in the real world with the help of augmented & virtual reality technologies. These factors are projected to create several growth prospects for the key players operating in the market during the forecast period.
The key players profiled in this report include Hexagon, Surveill 3D, Cambridge Pixel Ltd., Tacticware Resource Group LLC, MIRASYS, Dallmeier Electronic GmbH & Co. KG, Northern Digital Inc., Noitom Ltd., OptiTrack, and Vicon Motion Systems Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the 3d surveillance software market analysis from 2021 to 2031 to identify the prevailing 3d surveillance software 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 3d surveillance software 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 3d surveillance software market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Commercial
- Industrial
- Residential
By Deployment
- On-Premise
- Cloud Based
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Hexagon
- Surveill 3D
- Cambridge Pixel Ltd.
- Tacticware Resource Group LLC
- mirasys
- dallmeier electronic
- Northern Digital Inc. (NDI)
- Noitom Ltd.
- optitrack
- Vicon Motion Systems Ltd.
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Table of Contents
Executive Summary
According to the report titled, “3D Surveillance Software Market," the 3d surveillance software market was valued at $110.60 million in 2021, and is estimated to reach $211.5 million by 2031, growing at a CAGR of 7% from 2022 to 2031.
3D surveillance system uses multiple cameras to capture the incidents happening in the surrounding. 3D surveillance application focuses on recording humans in the surrounding area and then identifying their actions. High quality visuals are captured/recorded using the 3D cameras.
The 3D surveillance software is a surface technology with advanced sensor capabilities for facial and object detection. With the use of numerous technologies such as Artificial Intelligence (AI), edge computing, Light Detection and Ranging (LiDAR), and others, 3D surveillance software can correctly capture the height, width, and length of an object. The rise of the 3D surveillance software market is attributed mostly to its safety, efficiency, and effectiveness in manufacturing processes across factories, plants, or mills.
Key factors driving the growth of the 3D surveillance software market include rise in popularity of artificial intelligence (AI) as well as the massive demand for 3D software for real-time animation. The 3D surveillance software market is anticipated to grow in the future owing to an increase in the adoption of artificial intelligence (AI). Camera tracking, simulation, motion capture, character animation, image processing, rotoscoping, and compositing utilize surveillance technologies. Several attributes such as device mapping, live video, and live asset tracking have been generated using 3D surveillance software. Additionally, in the defence industry, the deployment of 3D surveillance software can protect the country's border at all stages of the day and night, in all weather conditions, by automatically delivering notification and alarm in the event of a security breach. During the forecast period, these factors are expected to create numerous potential possibilities in the 3D surveillance software market.
3D surveillance software is the most recent advancement in security systems, and it plays an important role in providing increased security and surveillance for a variety of industries, including oil and gas, defence, buildings, real estate, and others. The 3D building monitoring software can identify an intruder's exact location at any given time and accurately track their movement inside the monitored environment. Advanced technologies such as Artificial Intelligence (AI), machine learning, Light Detection and Ranging (LiDAR), and others allow this. For example, the employment of 3D surveillance software in the residential sector may efficiently track and monitor things, helping in the protection of both individuals and property. These factors are anticipated to boost the 3D surveillance software market share during the forecast period.
To enhance public safety, governments of various countries across the globe are actively involved in the deployment of 3D surveillance software, especially with improvements in video analytics technology such as facial recognition, tracking criminals, and object identification. Surveillance services have become a more significant tool for regulation implementation to protect the public. In addition, the 3D surveillance system used in urban areas automatically identifies physical changes in a place and notifies the authorized person. All these factors are predicted to create numerous growth opportunities for the key players operating in the market during the forecast years.
The 3D surveillance software market is segmented on the basis of application, deployment, and region. On the basis of application, the market is classified into commercial, industrial, and residential. On the basis of deployment, it is divided into on-premises and cloud based. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, UAE, South Africa, and rest of LAMEA).
The key players profiled in the study include Hexagon, Surveill 3D, Cambridge Pixel Ltd., Tacticware Resource Group LLC, MIRASYS, Dallmeier Electronic GmbH & Co. KG, Northern Digital Inc., Noitom Ltd., OptiTrack, and Vicon Motion Systems Ltd. The major players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launch, and expansion to remain competitive and gain an advantage over the competitors in the market. For instance, on August 3, 2020, Hexagon announced the acquisition of TACTICAWARE, a provider of LiDAR-based 3D surveillance software used to monitor and protect critical infrastructure and buildings - from power plants and airports to commercial and residential buildings.
Key Market Insights
- By application, the industrial segment was the highest revenue contributor to the market in 2021 and is estimated to be the fastest growing during the forecast period
- By deployment, the cloud-based segment was the highest revenue contributor to the market in 2021 and is projected to be the fastest growing segment during the forecast period
- Based on region, North America was the highest revenue contributor in the market, accounting for $46.7 million in 2021 and is anticipated to generate a CAGR of 7.5% during the forecast period
Companies Mentioned
- Hexagon
- Surveill 3D
- Cambridge Pixel Ltd.
- Tacticware Resource Group LLC
- mirasys
- dallmeier electronic
- northern digital inc. (ndi)
- Noitom Ltd
- optitrack
- Vicon Motion Systems Ltd.
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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