Video Surveillance Systems Market Report 2023-2028 | Industry Size, Share, Growth
The global video surveillance systems market size reached US$ 57.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 135.2 Billion by 2028, exhibiting a growth rate (CAGR) of 14.8% during 2023-2028.
Video surveillance systems, often referred to as closed-circuit television (CCTV) systems, employ advanced security technology for monitoring and recording activities within a defined area. Strategically positioned video cameras capture live footage of individuals, objects, or events, transmitting it to a central monitoring station or a network video recorder (NVR) for storage and subsequent analysis. These systems play a crucial role in bolstering security and safety across a range of settings such as public spaces, businesses, educational institutions, and residential properties.
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Global Video Surveillance Systems Market Trends and Drivers:
The global market is experiencing substantial growth, mainly propelled by the widespread adoption of video surveillance systems. These systems are crucial for monitoring and surveilling public spaces, workplaces, and critical infrastructure, ensuring the safety of both individuals and assets. Furthermore, the market is being fueled by the integration of cutting-edge technologies like the internet of things (IoT), artificial intelligence (AI), and analytics, enabling the detection of anomalies, tracking patterns, and predicting potential incidents. Another positive influence on the market is the increasing number of transportation hubs, such as airports, train stations, and bus terminals. Additionally, the expanding use of video surveillance systems in healthcare settings to monitor patient care areas and ensure the safety of both staff and patients is further contributing to the market's growth.
Global Video Surveillance Systems Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Axis Communications AB (Canon Inc.)
Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH)
Eagle Eye Networks Inc.
Hangzhou Hikvision Digital Technology Company Limited
Honeywell International Inc.
Samsung Electronics Co. Ltd.
Schneider Electric SE
Sony Group Corporation
Zhejiang Dahua Technology Co. Ltd.
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The report segmented the market on the basis of region, system type, component, application, enterprise size and customer type.
Breakup by System Type:
Breakup by Component:
Breakup by Application:
Military and Defense
Breakup by Enterprise Size:
Small Scale Enterprise
Medium Scale Enterprise
Large Scale Enterprise
Breakup by Customer Type:
Breakup By Regions:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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