Video Surveillance Market (By Type: Hardware, Software, Services (VSaaS); By Deployments: Hybrid, On-Premise; By Vertical: Commercial, Infrastructure, Institutional, Industrial, Defense, Residential) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global video surveillance market is expected to grow at a CAGR of around 10.3% from 2020 to 2027 and expected to reach the market value of around US$ 112,125.7 Mn by 2027.

Video surveillance is the system used to monitor activity in an area or building using a television system for signal transmission from television cameras to the receivers by cables or telephone links forming a closed circuit. It's a system of more than one camera on a network that sends the captured video and audio information to a certain place. The desired location can be live monitored and transmitted to a central location for recording and storage.

Market Dynamics

The increasing concerns about public safety and security or the increasing need for physical security are driving the market growth. The growing adoption of IP cameras coupled with the increasing use of cloud-based services for centralized data is supporting the market value. The rising demand for wireless and spy cameras especially among developing economies is further accelerating the market value. Video surveillance is majorly adopted in manufacturing, banking & financial services, transportation, and retail industries. The growing government and stakeholder funding for developing smart cities and employing city surveillance solutions is increasing demand for VSaaS services thereby bolstering market growth. Furthermore, ongoing technological advancements in big data, IoT, and cloud-based services, as well as rising trends of artificial intelligence (AI) and deep learning for video surveillance systems, is projected to create potential opportunities over the forecast period.

On the other hand, the violation of privacy is the major factors expected to hamper the growth over the period.

Commercial segment registered maximum share in the market

By vertical, the commercial segment accounted for the major share in 2019. The commercial places where video surveillance is used include enterprises & data centers, banking & financial buildings, hospitality centers, retail stores & malls, and warehouses. The increasing number of thefts and fraudulent transactions in banks and financial institutions is supporting segmental market growth. Moreover, the infrastructure segment is expected to register the fastest growth over the forecast period from 2020 to 2027.

The market research study on “Video Surveillance Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global video surveillance market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Video Surveillance market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Video Surveillance market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The Video Surveillance market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

Asia Pacific accounted for the major share in the market

Asia Pacific is leading the global market with major share and the region is also projected to maintain its dominance during the estimated period from 2020 to 2027. The region is further projected to experience the fastest growth over the estimated period. The developing economies like India and China are majorly supporting the regional market growth. The increasing smart and connected city programs, increasing security concerns due to rising stealing activities, and technological advancements in the regional market are some of the factors supporting the regional market value. 

The players profiled in the report include Cisco Systems, Inc.(US), FLIR Systems Inc.(US), Hangzhou Hikvision Digital Technology Co. Ltd. (China), Honeywell International Inc. (US), Motorola Solutions Inc. (US), Panasonic Corp.(Japan), Robert Bosch GmbH (Germany), Samsung Electronics Co. Ltd. (South Korea), Schneider Electric SE (France), and Zhejiang Dahua Technology Co. Ltd. (China).

Market Segmentation

Market By Type

• Hardware
• Software
• Services (VSaaS)

Market By Deployments

• Hybrid
• On-Premise

Market By Vertical

• Commercial
• Infrastructure
• Institutional
• Industrial
• Defense
• Residential

Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa