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What combination of drivers is leading to accelerated growth in the surveillance camera market?
The anticipated surge in the surveillance camera market is fueled by the escalating crime rates. Crimes, which are actions or behaviors considered illegal and punishable by law, have been increasing due to factors like economic inequality, social disarray, substance abuse problems, gang activities, and insufficient law enforcement, among others. These factors are collectively instigating elevated criminal activities across multiple communities. The presence of surveillance cameras can deter crime by establishing a noticeable monitoring presence. Besides, the footage captured can prove to be critical evidence for law enforcement agencies, which could likely result in reducing crime rates. Relevant case in point, the National Insurance Crime Bureau (NICB), an insurance industry trade association based in the US, reported over 1 million vehicle thefts in 2022, marking a 7% increase from 2021. Additionally, according to data from CrimeRate.co.uk, a UK government website, the UK saw a crime rate of 75.88 per 1,000 people in 2022-2023, registering an 8% hike from 2021. Therefore, these escalating crime rates are propelling the growth of the surveillance camera market.

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What is the projected compound annual growth rate (CAGR) of the surveillance camera market from 2025 to 2034, and what factors influence it?
The market for surveillance cameras has experienced rapid expansion over the last few years. Predictions suggest that the market size will increase from its current value of $38.89 billion in 2024 to $43.56 billion in 2025, with a compound annual growth rate (CAGR) of 12.0%. The market's growth during the historic period is linked to factors like urbanization and an increasing global population, the need for terrorism and crime prevention, advances in data storage and analytics, and heightened awareness among both individuals and businesses regarding the advantages of surveillance cameras.

The market size of surveillance cameras is forecasted to experience robust expansion in the approaching years, with an expected value of $62.57 billion in 2029, considering a compound annual growth rate (CAGR) of 9.5%. The growth during this forecast period can be linked with the incorporation of IoT and AI, the employment of cloud-based surveillance, privacy-related issues, technological advancements leading to cost reduction in cameras, and a heightened sense of security. The forecast period also foresees major trends such as the broadening adoption of AI and analytics, advancements in resolution and image quality, swift expansion in edge computing, amalgamation with IoT devices and the rise of privacy-focused technologies.

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How are the latest trends influencing the growth of the surveillance camera market?
Significant players in the surveillance camera market like IDIS are focusing more on the creation of sophisticated products such as edge AI cameras to maintain their competitive standing. These advanced cameras have built-in artificial intelligence that allows them to process and analyze data right at the network's edge, closest to the data source. In a recent example, South Korean security technology firm IDIS launched a series of Edge AI cameras in March 2023 covering both dome and bullet camera variants. These are engineered to minimize false alarms, enhance the response times and operational efficacy of security teams, and differentiate precisely between humans, vehicles, and other objects. This new line of cameras boasts features like NIR Lightmaster technology, 5MP dome and bullet cameras power-driven by deep learning, IDIS Smart Failover, true WDR, H.265, IDIS Intelligent Codec, and PoE capability. They are straightforward to set up and provide uninterrupted connectivity with IDIS network recorders, making them particularly suitable for customers who need accurate alerts in settings like sensitive perimeters, vehicle entrances, parking zones, entryways and exits, and high-risk locations.

What are the major segments of the surveillance camera market and their role in driving growth?
The surveillance camera market covered in this report is segmented -

1) By Product Type: Internet Protocol (IP)-Based, Cellular Camera, Analog Camera
2) By Resolution Capacity: High Definition (HD), Full High Definition (FHD), Ultra High Definition (UHD) (4K)
3) By Deployment: Indoor, Outdoor
4) By End-Use: Residential, Commercial Infrastructure, Public Facilities, Industrial, Military And Defense, Other End-Uses

Subsegments:
1) By Internet Protocol (IP)-Based: Wired IP Cameras, Wireless IP Cameras, Cloud-Based IP Cameras, Outdoor/Indoor IP Cameras
2) By Cellular Camera: 4G/5G Cellular Cameras, Battery-Powered Cellular Cameras, Cellular Trail Cameras
3) By Analog Camera: Standard Analog CCTV Cameras, High Definition Analog Cameras (HD-TVI, AHD, CVI), Dome and Bullet Analog Cameras

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Asia-Pacific was the largest region in the surveillance camera market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the surveillance camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the surveillance camera market?
Major companies operating in the surveillance camera market are Sony Corporation, Panasonic Corporation, Cisco Systems Inc., Honeywell International Inc., Canon Inc., Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Hanwha Techwin Co. Ltd., FLIR Systems Inc., Axis Communications AB, Avigilon Corporation, Verint Systems Inc., Zhejiang Uniview Technologies Co. Ltd., VIVOTEK Inc., Genetec Inc., Pelco Incorporated, Tiandy Technologies Co. Ltd., ACTi Corporation, Bosch Security Systems GmbH, Mobotix AG, March Networks Corporation, Infinova Corporation, AV Costar LLC, IndigoVision Group plc, Swann Communications Pty Ltd., CP PLUS GmbH & Co. KG, Lorex Technology Inc.

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What Is Covered In The Surveillance Camera Global Market Report?

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

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