Surveillance Technology Market Competitive And Growth Analysis 2024 | Canon Inc, Motorola Solutions, AxxonSoft, Genetec, Qognify, NEC Corporation

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Surveillance Technology Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $301.61 billion In 2028 At A CAGR Of 15.6% :

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.

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Surveillance Technology Market Major 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 Driver - 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.

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Prominent Trend - 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.

Surveillance Technology Market Players
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

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the surveillance technology market in 2023. North America was the second largest region in the global surveillance technology market share. The regions covered in the surveillance technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Surveillance Technology Market Report Structure
3. Surveillance Technology Market Trends And Strategies
4. Surveillance Technology Market - Macro Economic Scenario
5. Surveillance Technology Market Size And Growth
…..
27. Surveillance Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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