Security And Surveillance Market Expansion Continues, with Forecast Valuation of $27.83 Billion by 2029

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How Large Will the Security And Surveillance Market Size By 2025?
The market size for security and surveillance has seen significant growth in the past few years. The market, which is expected to expand from $19.17 billion in 2024 to $20.82 billion in 2025, will see a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this growth during the historic period include warfare and conflict, increases in urbanization and population, criminal actions, social and political movements, and intelligence and counterintelligence activities.

How Big Is the Security And Surveillance Market Size Expected to Grow by 2029?
In the coming years, the size of the security and surveillance market is predicted to experience robust growth. It's projected to expand to a substantial $27.83 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.5%. This growth over the forecast period can be linked to multiple factors such as globalization and threats across borders, public opinion and trust, economic components, new emerging risks, advancements in quantum computing, and cryptography. Significant trends during the forecast period encompass the evolution of surveillance technologies, progression in areas of artificial intelligence (AI) and machine learning, integration of IoT (Internet of Things), biometric technologies, and the key role of cloud-based surveillance solutions.

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Which Key Market Drivers Powering Security And Surveillance Market Expansion and Growth?
The rise in terrorism and unlawful acts are projected to drive the growth of the security and surveillance market in the future. Terrorism is defined by the use of violence to instill fear for political, religious or ideological reasons, while unlawful acts refer to actions that breach existing laws and regulations, often resulting in legal repercussions. The surge in terrorism and illegal activities is the result of a complex mix of socio-economic inequality, political turbulence, religious fanaticism, and global interconnectedness. Security and surveillance measures are implemented to identify and curb terrorism and illegal activities by scrutinizing and assessing suspect behavior, potential risks, and unlawful networks. For example, as per the global terrorism index report by the Institute for Economics and Peace (IEP), an Australia-based research institution that creates metrics to analyze peace, revealed that in 2022, the average death toll per terrorist attack increased by 0.4. Terrorist attacks have become deadlier, causing an average of 1.7 fatalities per attack in contrast to 1.3 fatalities per attack in 2021. Moreover, in 2022, a total of 6,701 deaths were attributed to terrorism activities. As a result, the escalating terrorism and unlawful activities are fuelling the security and surveillance market.

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Which Fast-Growing Trends Are Poised to Disrupt the Security And Surveillance Market?
Major players in the security and surveillance industry are directing their efforts towards the creation of sophisticated solutions like AI surveillance to escalate security protocols and threat identification mechanisms. AI surveillance magnifies security and surveillance through the use of state-of-the-art algorithms and machine learning, enabling the analysis of extensive data sets, anomaly detection, and the optimization of monitoring and response in multifaceted environments. As an example, Vivotek Inc., a specialist in IP cameras, video management software, and edge AI video analytics from Taiwan, unveiled its cloud-oriented video surveillance service (VSaaS), VORTEX, in the US in August 2022, indicating its foray into the subscription market. This introduction emphasizes Vivotek's aptitude to fuse camera, app, web, cloud, and deep-learning technologies into an all-encompassing and potent AI surveillance entity. VORTEX offers exceptional AI video analysis, increased real-time detection and ex-post-facto search capacities, and innovative deep search algorithms that convert metadata into searchable, quantifiable data. It continually refines its accuracy in detecting individuals, vehicles, and environmental elements over time.

What Are the Emerging Segments in the Security And Surveillance Market?
The security and surveillancemarket 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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Who Are the Global Leaders in the Security And Surveillance Market?
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.

Which are the Top Profitable Regional Markets for the Security And Surveillance Industry?
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.

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