Global Surveillance Technology Market to Reach $315.42 Billion by 2029, Growing at 14% CAGR

What market dynamics are playing a key role in accelerating the growth of the surveillance technology market?
The surge in the demand for security in areas with high risk has fueled the expansion of the surveillance technology market. Crime rates are climbing worldwide, with the degree of escalation differing from country to country. Surveillance technology helps in tracking behaviors, activities, or information to mitigate the probability of criminal activities. For instance, China utilizes 200 million cameras for ensuring public safety. As per the World Population Review, the crime index stands at 37 for China's 1.4 billion population. Results from a Cornell University review, sponsored by the Campbell Collaboration, indicated that the deployment of surveillance cameras led to a plunge of 51% in parking lot crimes and a reduction of 23% in public transport crimes in New York. Hence, the surging need for security in hazardous areas propelled the surveillance technology market.

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How will the growth rate of the surveillance technology market shape industry trends by 2034?
The market size of surveillance technology has seen swift expansion in the past few years. It is predicted to escalate from $165.4 billion in 2024 to $186.6 billion in 2025, boasting a compound annual growth rate (CAGR) of 12.8%. The remarkable growth during the historic phase can be ascribed to the surging use of mobile surveillance technology systems, amalgamation of video surveillance with access control and alarm systems, growth in emergent markets, and the rising implementation of video surveillance systems in educational entities.

The expected expansion of the surveillance technology market size in the following years is set to be significant. By 2029, the market value will reach $315.42 billion, with a compound annual growth rate (CAGR) of 14.0%. Factors contributing to this increase during the projected period include affordable investments in video surveillance as a service (vsaas), an uptick in government surveillance initiatives, expanding use of surveillance technology in the hospitality industry, and a surge in data security violations. Noteworthy trends throughout the forecast period consist of introducing new products, emphasis on mergers and acquisitions, employing artificial intelligence (AI) in surveillance technology, developing partnerships and collaborations, centralising on sophisticated biometric surveillance control systems and integrating the internet of things (IoT) into surveillance technology.

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What new trends are reshaping the surveillance technology market and its opportunities?
The application of Artificial Intelligence (AI) within the surveillance technology market is escalating. AI within surveillance service permits analysis of video content occurrences. An instance of this implementation is highlighted by the IC Realtime developed application and web platform, Ella, which employs state-of-the-art algorithms to identify key events within videos from CCTV feeds or footage. Traditional video surveillance systems lack the ability to search for specific events, however, Ella presents a smart search feature that enables scrutiny of significant video-recorded events. This platform also supports the understanding of hundreds of natural language inquiries. Consequently, the employment of AI is a emerging trend in the surveillance technology market and is anticipated to contribute to its growth prospects.

Which primary segments of the surveillance technology market are driving growth and industry transformations?
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

Subsegments:
1) By Video Surveillance: CCTV Systems, IP Cameras, Video Analytics Software
2) By Big Data: Data Analytics Tools For Surveillance Data, Predictive Analytics For Crime Prevention
3) By Police Body Cameras: Wearable Cameras For Law Enforcement, Recording And Storage Solutions
4) By Biometrics: Fingerprint Recognition Systems, Iris Recognition Technology, Voice Recognition Systems
5) By Domestic Drones: Aerial Surveillance Drones For Personal Use, Drones Equipped With Cameras And Sensors
6) By Face Recognition Technology: Software For Facial Recognition, Integration With Security Systems
7) By RFID Chips: RFID Tags For Tracking And Identification, RFID Readers And Systems
8) By Stingray Tracking Devices: Cell Site Simulators For Tracking Mobile Devices, Equipment For Intercepting Cellular Communications

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Which geographical regions are pioneering growth in the surveillance technology market?
Asia-Pacific was the largest region in the surveillance technology market in 2024. 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

Who are the influential players reshaping the surveillance technology market landscape?
Major companies operating in the surveillance technology market include 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, 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, Ametrad Technology Services Co, Biosec Solutions, BIO-key, BioRugged (Pty) Ltd

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What Is Covered In The Surveillance Technology Global Market Report?

• Market Size Forecast: Examine the surveillance technology market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the surveillance technology market for a structured understanding.
• Key Players Overview: Analyze major players in the surveillance technology market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the surveillance technology market.
• Segment Contributions: Evaluate how different segments drive overall growth in the surveillance technology market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the surveillance technology market.
• Industry Challenges: Identify potential risks and obstacles affecting the surveillance technology market.
• Competitive Landscape: Review strategic developments in the surveillance technology market, including expansions, agreements, and new product launches.

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