Smart City Initiatives Drive Video Surveillance Market Growth: Powering Innovation and Expansion in the Global Video Surveillance Market by 2025

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What Will the Video Surveillance Industry Market Size Be by 2025?
There has been substantial growth in the video surveillance market size over the past few years. The market is estimated to expand from $62.49 billion in 2024 to $69.09 billion in 2025-a compound annual growth rate (CAGR) of 10.5%. The remarkable growth witnessed in the historic period is largely due to heightened emphasis on security measures, coupling with IT networks, the incorporation of mobile and wireless technologies, utilization of big data and analytics, and the advent of storage solutions based on cloud technology.

What's the Long-Term Growth Forecast for the Video Surveillance Market Size Through 2029?
The market size of video surveillance is projected to experience substantial expansion within the coming years, rising to a valuation of $105.04 billion in 2029, with a compound annual growth rate (CAGR) of 11.0%. This significant growth in the estimated period is linked to factors such as the proliferation of cloud-based storage solutions, widespread utilization of 5G technology, escalating application of edge computing, combination of artificial intelligence (AI) and machine learning (ML), and enlarged emphasis on cybersecurity and integration with IoT devices. Noteworthy trends in the forecast period encompass the application of edge computing for real-time evaluation, integration of artificial intelligence (AI) and machine learning (ML), elevated use of thermal imaging, the use of cloud technology for video storage and management, and the incorporation of augmented reality (AR).

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What Are the Key Growth Drivers Fueling the Video Surveillance Market Expansion?
The expansion of video surveillance market is expected to be fueled by the increasing projects of smart cities. Digital technologies and data-driven solutions are utilized by smart cities to enhance their efficiency and performance while minimizing costs and resource consumption. The motivation behind the growth of smart cities is the desire to use technology to address urban issues and create urban habitats that are more livable, sustainable, and efficient. Video surveillance plays a vital role in smart cities by boosting public safety through monitoring and analysis of real-time data, enabling quicker reaction to incidents, and supporting overall urban security and management. For example, based on the Smart City Index Report released by IMD Business School, a business school based in Switzerland, there was a 16.3% increase in the number of smart cities, escalating from 118 cities in 2021 to 141 by April 2023. Hence, the rising projects of smart cities are a key driver for the growth of the video surveillance market.

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What Are the Key Trends Driving Video Surveillance Market Growth?
Leading companies in the video surveillance market are increasing their efforts to develop cutting-edge products like intelligent home security cameras in order to gain a market advantage. These high-tech surveillance tools, intended for domestic use, can connect to a home network, typically via Wi-Fi, allowing homeowners to remotely monitor their property using mobile apps. For example, Koninklijke Philips N.V., a tech company based in the Netherlands, introduced its debut range of smart home security cameras in July 2023. The range includes three smart security cameras and a new Home Safety application. These cameras provide full HD resolution, two-way talk, motion detection, night vision, and 128-bit encryption. They can be controlled via the Philips Home Safety App, which has four different usage modes. The cameras are designed for indoor use and include both fixed indoor security cameras and 360° indoor security cameras.

How Is the Video Surveillance Market Segmented?
The video surveillancemarket 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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Which Companies Are Leading the Charge in Video Surveillance Market Innovation?
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

Which Regions Are Leading the Global Video Surveillance Market in Revenue?
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.

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