Video Surveillance Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

"What market dynamics are playing a key role in accelerating the growth of the video surveillance market?
The expansion of the video surveillance market is anticipated due to the increasing number of smart city projects. A smart city employs digital solutions and data-driven technology to improve its performance, quality of life, and to decrease costs and resource usage. The augmented progression of smart city development is due to cities' desire to exploit technology in order to address urban problems and to establish urban settings that are more sustainable, efficient, and livable. The implementation of video surveillance in smart cities aids in enhancing public safety. This is achieved through the monitoring and analysis of real-time data which enables accelerated responses to incidents, and facilitates general urban safety and management. For example, the Smart City Index Report published by IMD Business School, a business school found in Switzerland, revealed in April 2023 that there is a 16.3% increase in smart cities, rising from 118 cities in 2021 to 141 in 2023. Consequently, the escalating number of smart city projects are fueling the growth of the video surveillance market.

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How will the growth rate of the video surveillance market shape industry trends by 2034?
The expansion of the video surveillance market has been swift over the past few years. The market is predicted to surge from a value of $69.24 billion in 2024 to an impressive $79.16 billion in 2025, representing a compound annual growth rate (CAGR) of 14.3%. Factors responsible for the growth during the historical period include heightened focus on security, the dovetail of IT networks, incorporation of mobile and wireless innovations, utilization of big data and analytics, plus the arrival of cloud-based storage solutions.

In the coming years, the video surveillance market is anticipated to witness a significant acceleration in its growth. The market is projected to reach $122.63 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.6%. The predicted growth is attributed to factors such as the rise of cloud-based storage solutions, extensive adoption of 5G technology, increased employment of edge computing, incorporation of artificial intelligence (AI) and machine learning (ML), and a heightened focus on cybersecurity, along with integration with IoT devices. Key trends for the forecast period comprise edge computing for instantaneous analysis, integration of AI and ML, escalated use of thermal imaging, cloud-supported video storage and management, and incorporation of augmented reality (AR).

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What trends are poised to drive the future success of the video surveillance market?
Leading firms in the video surveillance sector are concentrating on the creation of superior products, such as smart home security cameras, to establish a solid footing in the industry. These advanced surveillance tools are designed for residential application and connect to the home network, often via Wi-Fi, allowing homeowners to keep watch over their property remotely via mobile apps. For example, Koninklijke Philips N.V., a technology firm headquartered in the Netherlands, rolled out its premier range of smart home security cameras in July 2023. This collection features three intelligent security cameras, along with a new Home Safety application. These cameras come with full HD resolution, two-way communication, motion detection, night vision, and 128-bit encryption. They are manageable via the Philips Home Safety App, which includes four different operational modes. The cameras are built for indoor surveillance, with choices of fixed indoor security cameras and 360° indoor security cameras.

Which primary segments of the video surveillance market are driving growth and industry transformations?
The video surveillance market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By System Type: Analog Video Surveillance Systems, Internet Protocol (IP) Video Surveillance Systems, Hybrid Video Surveillance Systems
3) By Enterprise Size: Small Scale Enterprise, Medium Scale Enterprise, Large Scale Enterprise
4) By Applications: Residential, Commercial, Defense, Infrastructure

Subsegments:
1) By Hardware: Cameras, Storage Devices, Monitors And Displays, Video Encoders Or Decoders, Cabling And Connectors, Power Supplies
2) By Software: Video Management Software (VMS), Video Analytics Software, Cloud-Based Surveillance Solutions, Video Compression Software, Access Control Integration Software, Incident And Event Management Software
3) By Services: Consulting Services, System Integration And Deployment Services, Maintenance And Support Services, Training And Education Services, Managed Services, Monitoring Services

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

Who are the influential players reshaping the video surveillance market landscape?
Major companies operating in the video surveillance market are Sony Corporation, Panasonic Corporation, Honeywell International Inc., Johnson Controls International PLC, Hikvision Digital Technology Co. Ltd., Seagate Technology PLC, Motorola Solutions Inc., Teledyne FLIR LLC, Zhejiang Dahua Technology Co. Ltd., Hanwha Techwin Co. Ltd., Axis Communications AB, Verint Systems Inc., Zhejiang Uniview Technologies Co. Ltd., Vivotek Inc., Genetec Inc., Milestone Systems A/S, Pelco Incorporated, Bosch Security Systems GmbH, March Networks Corporation, Verkada Inc., Infinova Corporation, AV Costar LLC, IndigoVision Group plc, Geutebrück GmbH, Swann Communications Pty Ltd., CP PLUS GmbH & Co. KG, Lorex Technology Inc., Salient Systems Corporation

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What Is Covered In The Video Surveillance Global Market Report?

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

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