Smart City Initiatives Drive Video Surveillance Market Growth: Key Factor Driving The Growth In The Video Surveillance Market

The Video 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].

What Is the Expected Video Surveillance Market Size During the Forecast Period?
The expansion of the video surveillance market has been swift in the past few years. The market, valued at $69.24 billion in 2024, is projected to increase to $79.16 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 14.3%. This growth in the historic period is largely due to heightened security concerns, incorporation with IT networks, the merging of mobile and wireless technologies as well as big data and analytics, alongside the advent of cloud-based storage solutions.

Expectations indicate a swift expansion of the video surveillance market in the upcoming years, with predictions of its size reaching $122.63 billion in 2029 and a Compound Annual Growth Rate (CAGR) of 11.6%. Factors contributing to this anticipated growth during the forecast period include the rise of cloud-based storage solutions, high uptake of 5G technology, prevalent use of edge computing, the value addition of Artificial Intelligence (AI) and Machine Learning (ML), an intensifying focus on cybersecurity, and incorporation with IoT devices. Key market trends for the forecast period encompass the use of edge computing for instant analyses, integration of AI and ML, growing utilization of thermal imaging, management and storage of video footage via the cloud, and the integration of Augmented Reality (AR).

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What Are the High-Growth Segments in the Video Surveillance Market?
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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What Key Drivers Are Expected to Influence Future Video Surveillance Market Growth?
The advancement of smart city projects is foreseen to boost the video surveillance market's expansion in the future. A smart city adopts digital technology and data-driven strategies to enhance its efficiency and welfare while cutting down on costs and resource usage. The escalation in smart city projects is primarily due to cities' inclination to use technology to address urban issues and create more livable, sustainable, and productive urban spaces. Video surveillance plays a critical role in smart cities by bolstering public safety, as it facilitates the monitoring and analysis of real-time data, expedites incident response times, and fosters overall urban security and management. For example, in April 2023, the Smart City Index Report issued by IMD Business School, a Swiss-based institution, stated that there was a 16.3% increase in the number of smart cities, rising from 118 in 2021 to 141 in 2023. Consequently, this swell in smart city initiatives is fueling the video surveillance market's growth.

Which Companies Hold the Largest Share Across Different Video Surveillance Market Segments?
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

What Trends Are Driving Growth in The Video Surveillance Market?
Prominent players in the video surveillance industry are prioritizing the innovation of high-tech products, such as smart home security cameras, in order to stand out in the market. These premium surveillance gadgets, intended for household use, connect to a home's network, often via Wi-Fi, granting individuals the ability to remotely oversee their property via mobile apps. For example, in July 2023, Koninklijke Philips N.V., a tech firm based in the Netherlands, unveiled its inaugural range of smart home security cameras. This range comes with three smart security cameras, a new Home Safety app, and various features such as full HD resolution, two-way communication, motion detection, night vision, and 128-bit encryption. These cameras can be operated via the Philips Home Safety App, which provides four different usage modes. These cameras are engineered for indoor use and include choices such as fixed indoor security cameras and 360° indoor security cameras.

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What Are the Emerging Geographies for The Video Surveillance Market Growth?
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.

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

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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