Security And Surveillance Market Set to Reach $28.15 Billion by 2029 with 7.7% Yearly Growth

What Is the Estimated Market Size and Growth Rate for the Security And Surveillance Market?
The security and surveillance market has grown strongly in recent years. It will increase from $19.17 billion in 2024 to $20.95 billion in 2025, at a CAGR of 9.3%. The growth is driven by warfare and conflict, urbanization and population growth, criminal activities, social and political movements, and intelligence and counterintelligence operations.

The security and surveillance market is anticipated to grow strongly, reaching $28.15 billion by 2029, at a CAGR of 7.7%. Growth is driven by globalization, transnational threats, public trust, economic factors, and emerging threats like quantum computing. Trends include the development of surveillance technologies, AI and machine learning advancements, IoT integration, biometric technologies, and cloud-based surveillance solutions.

What Are the Forces Behind the Rapid Growth of the Security And Surveillance Market?
The rise in terrorism and unlawful activities is expected to drive the security and surveillance market. Terrorism involves acts of violence intended to create fear for political, religious, or ideological reasons, while illegal activities encompass actions that violate laws and regulations. The increase in these threats is fueled by socioeconomic disparities, political instability, and global interconnectedness. Security and surveillance technologies aid in detecting and preventing such activities by monitoring and analyzing suspicious behaviors and potential threats. For instance, in March 2023, the Global Terrorism Index report by the Institute for Economics and Peace (IEP), an Australia-based research organization, revealed that terrorist attack fatalities increased by 0.4 on average in 2022. The global average rose to 1.7 deaths per attack, compared to 1.3 in 2021, with a total of 6,701 deaths reported due to terrorism in 2022. Therefore, the rise in terrorism and illegal activities is driving the security and surveillance market.

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Who Are the Dominant Companies Influencing Security And Surveillance Market Trends?
Major companies operating in the security and surveillance market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Panasonic Corporation, Cisco Systems Inc., Hanwha Corporation, Schneider Electric SE, Honeywell International Inc., Zhejiang Dahua Technology Co. Ltd., ABB Ltd., Avnet Inc., Johnson Controls International plc, Tyco International plc, Hikvision Digital Technology Co. Ltd., Seagate Technology plc, Motorola Solutions Inc., NetApp Inc., Bosch Security Systems, FLIR Systems Inc., Axis Communications AB, Uniview Technologies Co. Ltd., IDIS Co. Ltd., Quantum Corporation, VIVOTEK Inc., Nedap N.V., MOBOTIX AG, Genetec Inc., Infortrend Technology Inc., Rasilient Systems Inc., Tiandy Technologies Co. Ltd.

How Is the Security And Surveillance Market Evolving?
Companies in the security and surveillance market are focusing on the development of cutting-edge AI-based surveillance solutions to enhance security measures and threat detection. AI surveillance solutions utilize advanced algorithms and machine learning to analyze vast amounts of data, identify anomalies, and optimize monitoring and response efficiency. For example, in August 2022, Vivotek Inc., a Taiwan-based provider of IP cameras, video management software, and edge AI video analytics, launched VORTEX, a cloud-based video surveillance as a service (VSaaS) in the US. This entry into the subscription-based market highlights the company's expertise in integrating camera, app, web, cloud, and AI-driven deep learning technologies into a unified surveillance solution. VORTEX features advanced AI video analysis, real-time detection, and deep search algorithms that transform metadata into measurable and searchable insights, enhancing the accuracy of identifying people, vehicles, and environmental elements.

What Are the Different Segmentations in the Security And Surveillance Market?
The security and surveillance market covered in this report is segmented -

1) By Type: Security Cameras, Digital Video Recorder And Network Video Recorder (DVR And NVR)
2) By Technology Type: Video Surveillance, Smart Home Security, Information Technology (IT) Security, Workplace Surveillance
3) By End-user: Industrial, Commercial, Residential, Other End-Users

Subsegments:
1) By Security Cameras: Analog Security Cameras, IP (Internet Protocol) Security Cameras, Wireless Security Cameras, PTZ (Pan-Tilt-Zoom) Cameras, Thermal Cameras, 360-Degree Cameras
2) By Digital Video Recorder and Network Video Recorder (DVR and NVR): Analog DVR Systems, IP-based NVR Systems, Hybrid DVR/NVR Systems, Cloud-based DVR/NVR Systems, Standalone DVR/NVR Systems

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Which Region Is at the Forefront of the Security And Surveillance Market?
Asia-Pacific was the largest region in the security and surveillance market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the security and surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Security And Surveillance Global Market Report?

- Market Size Analysis: Analyze the Security And Surveillance Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Security And Surveillance Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Security And Surveillance Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Security And Surveillance Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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