Press release
Prominent Wireless Video Surveillance Market Trend for 2025: Advanced Solutions Driving Growth In Wireless Telecommunication Services Market
Wireless Video Surveillance Market
The wireless video surveillance market is projected to expand owing to the escalating incorporation of IoT technology. IoT, or the Internet of Things, constitutes a system of interconnected gadgets, sensors, objects, and mechanisms that intercommunicate and exchange data via the internet or other networks. Progress in connectivity, decreased hardware costs, data analysis prowess, AI integration, and machine learning are fueling the increased uptake of IoT technology. This technology facilitates the assimilation of artificial intelligence (AI) and in-depth machine learning (ML) within video surveillance systems, offering advanced video analytical capabilities. Using IoT technology in wireless video surveillance augments its effectiveness, performance, and security by enabling sophisticated analytics, better connectivity, and distance monitoring. For example, data from the GSM Association, a non-profit industry organization based in the UK, in January 2022 projected that the total number of IoT connections would surpass 23.3 billion by 2025, a considerable jump from the 15.1 billion connections reported in 2021. Thus, the burgeoning incorporation of IoT technology is spurring the expansion of the wireless video surveillance market.
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What growth opportunities are expected to drive the wireless video surveillance market's CAGR through 2034?
In the last few years, the market size of wireless video surveillance has experienced swift growth. The market is projected to expand from a value of $25.48 billion in 2024 to $28.66 billion in 2025, showing a compound annual growth rate (CAGR) of 12.5%. The substantial growth in the former period is a result of smart cities' rapid progress, a spike in the need for real-time monitoring systems, the ability to record and oversee activities, a rise in disposable income, and public administration challenges.
Anticipated to witness significant expansion in years to come, the size of the wireless video surveillance market is projected to reach $45.32 billion in 2029, growing at a compound annual growth rate (CAGR) of 12.1%. Factors contributing to growth during this projected period include a rise in urbanization needs, greater utilization of advanced surveillance solutions, increased safety requirements in areas of high-risk, the popularity of wireless home video surveillance and the need for remote monitoring and access. The forecast period is also expected to see key trends such as the swift advent of 5G technology, product innovation, merging of IoT and artificial intelligence, greater partnerships and collaborations, and the introduction of new technologies in video surveillance.
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What are the emerging trends shaping the future of the wireless video surveillance market?
Leading businesses in the wireless video surveillance arena are concentrating their efforts on cutting-edge technologies, including AI-infused smart home security cameras, to solidify their market status. These are surveillance devices heightened with artificial intelligence to go beyond standard video observation capabilities. For instance, in January 2024, Abode Systems, an American home security provider, collaborated with Morse Micro, an Australian Wi-fi firm, and Xailient, a US-based privacy service firm, to initiate the first AI-at-the-edge enabled wireless home security camera. This battery-operated intelligent home security camera employs the Wi-fi certified HaLow system-on-chip (SoC) to overcome transmission impediments and delivers unmatched performance amidst environments overrun with various devices and cameras. It also incorporates a PIR (passive infrared sensor) motion sensor, working in tandem with AI detection to activate the camera when it detects significant activity, thereby capturing essential events.
Which growth-oriented segments of the wireless video surveillance market are leading the industry's development?
The wireless video surveillance market covered in this report is segmented -
1) By Component: Hardware, Services
2) By Customer Type: Business-to-business, Business-to-customer
3) By Application Type: Infrastructure, Residential, Commercial, Military, Other Applications
Subsegments:
1) By Hardware: Wireless Cameras, Wireless Network Video Recorders, Wireless Sensors And Detectors, Storage Devices (Cloud Storage, Local Storage), Wireless Transmitters And Receivers, Access Control Devices
2) By Services: Installation And Integration Services, Monitoring And Surveillance Services, Cloud Storage And Data Management Services, Maintenance And Support Services, Consulting And Training Services
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North America was the largest region in the wireless video surveillance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless video surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the wireless video surveillance market?
Major companies operating in the wireless video surveillance market report are Samsung Electronics Co. Ltd.; Robert Bosch GmbH; Panasonic Corporation; Cisco Systems Inc.; Canon Inc.; Tyco International; Hangzhou Hikvision Digital Technology Co. Ltd.; Honeywell Security; Motorola Solutions Inc.; Zhejiang Dahua Technology Co. Ltd.; FLIR Systems Inc.; Axis Communications AB; IDIS; Vivotek Inc.; Genetec; Infinova Group; D-Link Corporation; Eagle Eye Networks Inc.; Pro-Vigil; Qognify Inc.; Ivideon; Advancis Software & Services GmbH; CP PLUS; Vantage Security Ltd.; Camcloud; Eyeforce Inc.
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What Is Covered In The Wireless Video Surveillance Global Market Report?
•Market Size Forecast: Examine the wireless video surveillance market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the wireless video surveillance market for a structured understanding.
•Key Players Overview: Analyze major players in the wireless video surveillance market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the wireless video surveillance market.
•Segment Contributions: Evaluate how different segments drive overall growth in the wireless video surveillance market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the wireless video surveillance market.
•Industry Challenges: Identify potential risks and obstacles affecting the wireless video surveillance market.
•Competitive Landscape: Review strategic developments in the wireless video surveillance market, including expansions, agreements, and new product launches.
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