Rising Safety Concerns Drive Growth In The Surveillance Technology Market: The Driving Engine Behind Surveillance Technology Market Evolution in 2025

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Surveillance Technology Market Size Growth Forecast: What to Expect by 2025?
The market size for surveillance technology has experienced swift expansion in the previous years. It is projected to escalate from $157.78 billion in 2024 to $173.57 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%. The historical period growth has been stimulated by the enhanced utilization of mobile surveillance technology systems, the combination of video surveillance with alarm systems and access control, growth in emerging markets, and the heightened implementation of video surveillance systems within educational institutions.

How Will the Surveillance Technology Market Size Evolve and Grow by 2029?
In the forthcoming years, the surveillance technology market is projected to experience significant growth, expanding to $260.46 billion by 2029 with a compound annual growth rate (CAGR) of 10.7%. This growth during the forecast period is primarily driven by the affordability of video surveillance as a service (vsaas), rising government fervor for surveillance, increased usage of surveillance technology in the hospitality industry, and a surge in data security infringements. Key trends during this forecasted period encompass the introduction of new products, emphasis on merger and acquisition activities, utilization of artificial intelligence (AI) in surveillance technology, enhanced focus on partnerships and collaborations, increased attention on advanced biometric surveillance control systems, and implementation of the Internet of Things (IoT) in surveillance technology.

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What Drivers Are Propelling the Growth of Surveillance Technology Market Forward?
The surge in safety requirements in areas with higher risk has led to an expansion of the surveillance technology sector. There is a global increase in crime, with the rate fluctuating among different nations. The use of surveillance technology helps in observing behaviors, activities, and information to lessen crime threats. For example, China deploys 200 million cameras for the safety of its citizens. As stated by the World Population Review, for China's 1.4 billion people, the crime index stands at 37. A study carried out by Cornell University and funded by the Campbell Collaboration shows that the use of surveillance cameras has led to a decrease of 51% in parking lot crimes and a 23% drop in public transport crimes in New York. The growing demands for safety in high-risk areas stimulated the growth of the surveillance technology industry.

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Which Emerging Trends Are Transforming the Surveillance Technology Market in 2025?
The incorporation of Artificial Intelligence (AI) into the surveillance technology market is on the rise. This innovative integration allows for the evaluation of events happening within video footage. IC Realtime's application and web platform, Ella, for example, leverages sophisticated algorithms to review key events in video captured from CCTV recordings or live feeds. Most video monitoring systems lack the capability to perform targeted event searches. However, Ella possesses a smart search function that can track important occurrences within recorded videos, comprehending hundreds of normal language inquiries. As such, the emergence of AI usage, a recent trend in the surveillance technology market, is poised to offer growth prospects in this field.

What Are the Key Segments in the Surveillance Technology Market?
The surveillance technologymarket 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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Who Are the Key Players Shaping the Surveillance Technology Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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

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