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Global Security And Surveillance Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
The Security And Surveillance 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].How Big Is the Security And Surveillance Market Size Expected to Be by 2034?
The market size for security and surveillance has been witnessing considerable expansion in the past few years. It is predicted to increase from $19.17 billion in 2024 to $20.95 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.3%. The past growth can be credited to factors like warfare and conflict, urbanization, increase in population, criminal actions, social and political activities, along with intelligence and counterintelligence undertakings.
Anticipated to witness robust growth in the coming years, the security and surveillance market is projected to reach a valuation of $28.15 billion in 2029, alongside a compound annual growth rate (CAGR) of 7.7%. The escalating growth during the forecast tenure can be credited to elements such as international threats due to globalization, the perspective and credibility of the public, fiscal dynamics, emerging perils, advancements in quantum computing, and cryptography. The forTH*Coming period is likely to observe prevalent trends such as the evolution of surveillance technologies, advancements in artificial intelligence (AI) and machine learning, incorporation of IoT (Internet of Things), biometric technologies, and surveillance solutions built on cloud technology.
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What Are the Emerging Segments Within the Security And Surveillance Market?
The security and surveillance market covered in this report is segmented -
1) By Type: Security Cameras, Digital Video Recorder And Network Video Recorder (DVR And NVR)
2) By Technology Type: Video Surveillance, Smart Home Security, Information Technology (IT) Security, Workplace Surveillance
3) By End-user: Industrial, Commercial, Residential, Other End-Users
Subsegments:
1) By Security Cameras: Analog Security Cameras, IP (Internet Protocol) Security Cameras, Wireless Security Cameras, PTZ (Pan-Tilt-Zoom) Cameras, Thermal Cameras, 360-Degree Cameras
2) By Digital Video Recorder and Network Video Recorder (DVR and NVR): Analog DVR Systems, IP-based NVR Systems, Hybrid DVR/NVR Systems, Cloud-based DVR/NVR Systems, Standalone DVR/NVR Systems
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What Long-Term Drivers Are Shaping Security And Surveillance Market Trends?
Heightened levels of terrorism and illegitimate actions are anticipated to boost the expansion of the security and surveillance market. Terrorism is characterized by the employment of violence to instill fear for political, religious, or ideological reasons. On the other hand, illicit activities comprise actions that breach existing laws and regulations, subsequently leading to legal repercussions. The escalation in terrorism and illegitimate activities primarily emanates from intricate interactions of socio-economic inequalities, political volatilities, religious fundamentalism, and global interconnectivity. Security and surveillance mechanisms, in response, are utilized to identify and curb terrorism and illegal activities through observation and investigation of suspicious activities, potential dangers, and unlawful networks. For example, the global terrorism index report by the Institute for Economics and Peace (IEP), an Australian research organization that develops metrics for peace analysis, revealed in March 2023 that the average deaths per terrorist attack in 2022 had risen by 0.4. Terrorist attacks have therefore become more fatal, resulting in an average of 1.7 deaths per attack, a significant increase from the 1.3 death rate in 2021. Additionally, the year 2022 saw a total of 6,701 deaths attributed to terrorism-related activities. Consequently, the rise in terrorism and illegal operations provides impetus to the growth of the security and surveillance market.
Who Are the Top Competitors in Key Security And Surveillance Market Segments?
Major companies operating in the security and surveillance market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Panasonic Corporation, Cisco Systems Inc., Hanwha Corporation, Schneider Electric SE, Honeywell International Inc., Zhejiang Dahua Technology Co. Ltd., ABB Ltd., Avnet Inc., Johnson Controls International plc, Tyco International plc, Hikvision Digital Technology Co. Ltd., Seagate Technology plc, Motorola Solutions Inc., NetApp Inc., Bosch Security Systems, FLIR Systems Inc., Axis Communications AB, Uniview Technologies Co. Ltd., IDIS Co. Ltd., Quantum Corporation, VIVOTEK Inc., Nedap N.V., MOBOTIX AG, Genetec Inc., Infortrend Technology Inc., Rasilient Systems Inc., Tiandy Technologies Co. Ltd.
What Are the Major Trends Shaping the Security And Surveillance Market?
Leading businesses in the safety and surveillance market are concentrating on the creation of advanced solutions like AI surveillance systems, to amplify their security and detection capabilities against possible threats. AI surveillance strengthens the sector by utilizing sophisticated algorithms and machine learning to analyze abundant amounts of data, pinpoint abnormalities, and amplify the efficiency of surveillance and response across various settings. For example, in August 2022, Vivotek Inc., a firm specializing in IP cameras, video management software, and edge AI video analytics from Taiwan, introduced VORTEX, a cloud-based VSaaS in the US, signaling their move into the subscription market. This move demonstrates the firm's ability to blend camera, application, web, cloud, and deep learning tech into a sturdy and comprehensive AI surveillance system. VORTEX offers advanced AI video analysis, superior real-time detection, and retrospective search capabilities, along with advanced deep search algorithms that convert metadata into searchable and quantifiable data. The system persistently refines its accuracy in identifying people, vehicles, and environmental components over time.
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Which Regions Are Becoming Hubs for Security And Surveillance Market Innovation?
Asia-Pacific was the largest region in the security and surveillance market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the security and surveillance 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 Security And Surveillance Market?
2. What is the CAGR expected in the Security And Surveillance Market?
3. What Are the Key Innovations Transforming the Security And Surveillance Industry?
4. Which Region Is Leading the Security And Surveillance Market?
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