Video Surveillance Market Expansion Continues, with Forecast Valuation of $122.63 Billion by 2029

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Video Surveillance Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, we've witnessed a swift expansion in the size of the video surveillance market. The market, which is currently estimated at $69.24 billion as of 2024, is expected to surge to $79.16 billion in 2025, implying a compound annual growth rate (CAGR) of 14.3%. The significant growth observed during the historic period can be credited to an amplified emphasis on security, the amalgamation with IT networks, the incorporation of mobile and wireless technologies, big data and analytics, and the rise in cloud-based storage solutions.

Video Surveillance Market Size Forecast: What's the Projected Valuation by 2029?
Fast-paced expansion is projected for the video surveillance market in the coming years, reaching $122.63 billion by 2029 with a compound annual growth rate (CAGR) of 11.6%. The growth during the forecasted period can be credited to factors such as the rise of cloud-storage solutions, broad acceptance of 5G technology, rising application of edge computing, incorporation of artificial intelligence (AI) and machine learning (ML), an escalated focus on cybersecurity, and integration with IoT devices. Key trends for the forecasted period encompass real-time analysis via edge computing, incorporation of artificial intelligence (AI) and machine learning (ML), a surge in the use of thermal imaging, cloud-supported video storage and management, and the incorporation of augmented reality (AR).

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What Are the Drivers Transforming the Video Surveillance Market?
An increase in smart city initiatives is anticipated to boost the video surveillance market's expansion. Smart cities utilize digital technology and data-centric methods to elevate city performance, enhance citizen well-being, decrease costs, and lessen resource usage. The rising trend in smart city advances is propelled by cities' aim to utilize technological solutions to address urban issues and create more livable, sustainable, and efficient urban landscapes. Video surveillance systems play a crucial role in smart cities, augmenting public safety through constant monitoring and real-time data analysis, which permits quicker incident responses and improves overall city security and administration. For example, the Smart City Index Report by the Switzerland-based IMD Business School in April 2023 revealed a 16.3% increase in the number of smart cities worldwide, rising from 118 in 2021 to 141 in 2023. Hence, the upsurge in smart city initiatives is fuelling the growth of the video surveillance market.

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What Long-Term Trends Will Define the Future of the Video Surveillance Market?
Leading businesses in the video surveillance industry are intensifying their concentration on the creation of advanced items like smart home security cameras to maintain a competitive advantage. These high-tech surveillance tools, intended for domestic use, link with a home network, often via Wi-Fi, allowing users to remotely observe their premises via mobile apps. For example, in July 2023, Koninklijke Philips N.V., a Dutch tech corporation, introduced its inaugural range of smart home security cameras which features three intelligent security cameras and a fresh Home Safety app. These cameras provide full HD resolution, dual-direction communication, movement detection, night vision, and 128-bit encryption. The Philips Home Safety App enables control of these cameras, which comes with four varying usage modes. The cameras are formulated for indoor settings, including options for fixed indoor security cameras and 360° indoor security cameras.

Which Segments in the Video Surveillance Market Offer the Most Profit Potential?
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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Which Firms Dominate the Video Surveillance Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in the Video Surveillance Market?
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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