Surveillance Technology Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | Canon Inc, Motorola Solutions, AxxonSoft, Genetec, Qognify, NEC Corporation

"The surveillance technology market size has grown rapidly in recent years. It will grow from $148.29 billion in 2023 to $169.05 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to increased use of mobile surveillance technology systems, integration of video surveillance with access control and alarm systems, emerging markets growth and increased adoption of video surveillance systems in educational institutions.

The surveillance technology market size is expected to see rapid growth in the next few years. It will grow to $301.61 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to the low cost of investment with video surveillance as a service (vsaas), increasing government surveillance initiatives, increasing adoption of surveillance technology by hospitality sector and a rise in data security breaches. Major trends in the forecast period include new product launches, focus on merger and acquisition activities, focus on use of artificial intelligence (ai) in surveillance technology, focus on partnerships and collaborations, focus on advanced biometric surveillance control systems and focus on use of internet of things (iot) in surveillance technology.

Market Overview -
Surveillance technology means an electronic device or system that has the ability to monitor and collect audio, vision, location, heat, or similar information about an individual or group.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=2507&type=smp

Rising Safety Concerns Drive Growth In The Surveillance Technology Market
The rise in need for safety in high-risk areas contributed to the growth of the surveillance technology market. The crime rate is increasing globally, and the rate of increase is varying across different countries. The surveillance technology is used to monitor the behaviour, activities or information to reduce the risk of crime. For instance, China uses 200 million cameras for public safety. According to the World Population Review, the crime index is 37 for 1.4 billion population in China. A review conducted by Cornell University, sponsored by Campbell Collaboration, the use of surveillance cameras resulted in a 51% decrease in crimes committed in parking lots and a 23% decrease in crime on public transportation in New York. The rise in need for safety in high-risk areas drove the surveillance technology market.

Competitive Landscape -
Major companies operating in the surveillance technology market report are Canon Inc, Motorola Solutions, AxxonSoft, Genetec, Qognify, NEC Corporation, Honeywell International Inc., Verint Systems, March Networks, Identiv, Matrix comsec, SecurAX Tech Solutions Pvt Ltd, AMAG Technology Inc, CloudWalk Technology Co Ltd, Shenzhen IntelliFusion Technology Co Ltd, NetPosa Technologies Ltd, Haimeng, Jin Ruan, Ruitec, Goldeweb, HID Global, Gallagher Security (Europe) Ltd, Vanderbilt Industries, Assa Abloy Emea, Dahua Technology Ltd, British Security Industry Association (BSIA), Fermax Electronica SAU, Delta Scientific Corporation, Userful Corporation, Anviz Global Inc, Vicon Industries, OnSSI, Packetlabs Ltd, Cyber Unit, Vumetric Cybersecurity, Cloudkeyz, ButterflyMX, Johnson Controls, Security Enhancement Systems, Openpath, Genea, Sequr Inc, Agility Technologies Corp (ATC), Wolpac, Control iD , Avigilon Corporation, 2point0 Concepts, DSX Access Systems, Inc, Evolv Technology, Al Nahr Company for Security Solutions, AL Smari Trading, Ametrad Technology Services Co , Biosec Solutions, BIO-key, BioRugged (Pty) Ltd

Artificial Intelligence Revolutionizes The Surveillance Technology Market With Advanced Video Analysis
Artificial Intelligence (AI) is increasingly being implemented in the surveillance technology market. Artificial intelligence in surveillance technology is to analyze what is happening in the video. For instance, an application and web platform named Ella developed by IC Realtime uses the most advanced algorithms to analyze the most important events in the video from CCTV footage or video feeds. In most of the video monitoring systems, we cannot search for a particular event. Ella has a smart search option to search for important events in the videos recorded. It can recognize hundreds of natural language queries. Therefore, the use of artificial intelligence, which is a new trend in the surveillance technology market, is likely to provide growth opportunities to this market.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/surveillance-technology-global-market-report

Key Segments -
The surveillance technology market covered in this report is segmented -
1) By Technology: Video Surveillance, Big Data, Police Body Cameras, Biometrics, Domestic Drones, Face Recognition Technology, RFID Chips, Stingray Tracking Devices
2) By Storage: On-Premise, Cloud
3) By End-User: BFSI (Banking, Financial Services And Insurance), Government, Healthcare, Manufacturing, Retail, IT And Telecommunication, Media And Entertainment, Education, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.