Video Surveillance Market Overviews
Video Surveillance Market size was valued at US$ 54.21 Billion in 2023 and the total Video Surveillance revenue is expected to grow at 10.4% through 2024 to 2030, reaching nearly US$ 108.37 Billion.
The process of viewing a scenario or events and seeking for particular behaviors that are wrong or that may signal the onset or prevalence of inappropriate behavior is known as video surveillance. Monitoring the populace at the entrance to sports activities, public transit (train stations, airports, etc.), and around the boundary of protected institutions, particularly those that are immediately delimited by communal areas, are all typical applications of video surveillance.
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Video Surveillance Market Scope and Methodology:
The ever-changing hardware dynamics of video cameras are the primary driver of the video surveillance market. Security cameras with 4K resolution have a much more sharp view which means a higher data recovery. Adjustable zoom lenses are also available on modern cameras, allowing for a narrower visual field. Most cameras now come with a built-in mic that can transmit and record audio while the video is being recorded. Companies have also implemented a variety of hardware innovations to increase video cameras’ lower efficiency. Interior heating is available on certain cameras for use in cold weather, while motion detectors are available on others to catch a subject inside the camera’s field of vision.
Video Surveillance Market Regional Insights
Due to rising population growth in metropolitan areas and expenditures in smart cities, Asia Pacific is likely to continue to hold the biggest market share in the video surveillance market. The market growth in the Asia Pacific is being influenced by an increase in the number of large retailers, small companies, apartment complexes, and accommodation providers, and also social programs in multiple regions to implement security cameras in common places e.g. urban centers, school systems, universities, religious buildings, and airlines.
Video SurveillanceMarket Segmentation
By Vertical, the commercial segment dominated the video surveillance market in 2023. It is expected to witness a CAGR of 11.3% in the aforementioned forecast period. The commercial video surveillance segment is being driven by the rising relevance of surveillance systems as a consequence of increased security issues throughout sectors e.g. commerce, corporations, financial institutions, and banking institutions. Due to the safety lapses such as asset loss, burglary, illegal access, and other illicit behavior, the business sector has seen an upsurge for security products. In recent times, the need for surveillance systems has increased due to the fast growth of small enterprises, as well as retail establishments and supermarkets.
Video Surveillance Market Key Players
Hikvision (China)
Dahua Technology (China)
Axis Communications (Sweden)
Bosch Security and Safety Systems (Germany)
Hanwha Techwin (South Korea)
Avigilon (Canada)
Teledyne FLIR (US)
Honeywell International (US)
Panasonic i-PRO Sensing Solutions (Japan)
Pelco (US)
Uniview (China)
Agent Video Intelligence (US)
CP PLUS (India)
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Key questions answered in the Video Surveillance Market are:
- What is Video Surveillance ?
- What was the Video Surveillance market size in 2023?
- What is the growth rate of the Video Surveillance Market?
- Which are the factors expected to drive the Video Surveillance market growth?
- What are the different segments of the Video Surveillance Market?
- What growth strategies are the players considering to increase their presence in Video Surveillance ?
- What are the upcoming industry applications and trends for the Video Surveillance Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Video Surveillance Market?
- Who are the leading companies and what are their portfolios in Video Surveillance Market?
- What segments are covered in the Video Surveillance Market?
- Who are the key players in the Video Surveillance market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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