Surveillance Technology Market Size Forecasted To Achieve $315.42 Billion By 2029 With Steady Growth

The Surveillance Technology Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Surveillance Technology Market Size and Projected Growth Rate?
In recent times, there has been a swift expansion in the market size of surveillance technology. Predictions show it will surge from $165.4 billion in 2024 to a whopping $186.6 billion in 2025, showing a Compound Annual Growth Rate (CAGR) of 12.8%. This surge over the historic period is linked to the higher usage of mobile surveillance tech systems, the integration of video surveillance with access control and security systems, growth in nascent markets, and the rising uptake of video monitoring systems in educational facilities.

The market for surveillance technology is anticipated to experience fast expansion in the coming years. By 2029, it is projected to reach a size of $315.42 billion with a 14.0% compound annual growth rate (CAGR). Several reasons account for this growth during the projected period including, affordable investment rates for video surveillance as a service (vsaas), escalated government surveillance programs, wider adoption of the technology by the hospitality industry and an increase in data security violations. Foreseen trends for the projected period encompass novel product introductions, a concentration on merger and acquisition pursuits, the incorporation of artificial intelligence (AI) in surveillance tech, prioritizing partnerships and teamwork, emphasis on advanced biometric surveillance control systems, and the application of the Internet of Things (IoT) within surveillance technology.

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What Are the Major Segments in the Surveillance Technology Market?
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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What Are The Driving Surveillance Technology Market Evolution?
The surge in demand for safeguarding high-risk areas has significantly fueled the expansion of the surveillance technology market. Global crime rates are on the rise, although the increase varies from country to country. Surveillance technology serves as a tool to supervise behavior, activities, or data to lower the likelihood of criminal activities. For instance, China uses about 200 million cameras for the purpose of public safety. The World Population Review indicates that with a population of 1.4 billion, China's crime index is at 37. According to a review organized by Cornell University and supported by Campbell Collaboration, the application of surveillance cameras led to a substantial 51% reduction in crimes in parking lots and a 23% drop in public transportation crime in New York. This escalating demand for safety in high-risk areas has indeed accelerated the growth of the surveillance technology market.

Which Firms Dominate The Surveillance Technology Market Segments?
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

What Trends Are Expected to Dominate the Surveillance Technology Market in the Next 5 Years?
The application of Artificial Intelligence (AI) in surveillance technology is becoming more prevalent. The function of artificial intelligence in this sector is primarily to interpret occurring events in video footage. For example, a web platform and app named Ella, developed by IC Realtime, employs sophisticated algorithms to pinpoint crucial incidents in CCTV footage or video broadcasts. Most video monitoring technologies lack the capability to search for specific events. However, Ella incorporates a smart search feature that allows for the identification of significant occurrences within recorded videos. It's capable of recognizing hundreds of natural language inquiries. Therefore, the introduction of artificial intelligence, a prominent trend in the surveillance technology market, is projected to offer expansion opportunities for this industry.

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Which Is The Largest Region 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Surveillance Technology Market?
2. What is the CAGR expected in the Surveillance Technology Market?
3. What Are the Key Innovations Transforming the Surveillance Technology Industry?
4. Which Region Is Leading the Surveillance Technology Market?

Why This Report Matters:

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