Shaping the Future: Video Surveillance Market Trends and Forecasts for 2029

Global Video Surveillance Market Overview:

According to MarkNtel Advisors study the Global Video Surveillance Market size is valued at around USD 50.5 billion in 2023 and is estimated to grow at a CAGR of around 12.2% during the forecast period, i.e., 2024-29. The market growth is driven primarily by the rapidly growing number of terrorist attacks increasing criminal activities. Therefore, to prevent these acts, the demand for video surveillance systems is significantly up surging worldwide driving the global market.

Key Findings of the Study: Video Surveillance market

Global Video Surveillance Market Opportunity:

Government-led Surveillance Initiatives to Create Opportunistic Arena for Video Surveillance Companies – The increasing inclination of governments to embrace integrate surveillance cameras within public areas presents a promising opportunity for the leading companies in the Video Surveillance Market during the forecast period. This shift is primarily driven by the surge in criminal activities observed in many countries, particularly in medium advanced-income nations.

Governments in countries, such as India, the US, and others are increasingly motivated to deploy surveillance cameras to monitor activities in public spaces like subways, airports, roadways, and many more. Hence, this heightened governmental interest is expected to generate a growing demand for video surveillance solutions in the coming years. As a result, these governmental initiatives investments across various countries are destined to create favorable prospects for video surveillance service providers in the foreseeable future.

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Scope of the Video Surveillance Market Report Segmentation

-By Component

Camera

-By Monitor

LCD
LED
Others

-By Software

Video Content Analytics
Video Management Software

-By Services

Video Surveillance as a Service (VSaaS)

-By Media

Hard Disk Drive (HDD)
Solid State Drives (SSD)
Optical Storage Media

-By Technology

Storage Area Network
Direct Attached Storage
Network Video Recorder
Network Attached Storage
Digital Video Recorder
Unified or Hybrid Storage

-By Accessories

Cables
Encoders

-By End User

Commercial
Military Defense
Infrastructure
Residential
Others (Industrial, Institutional)

-By Enterprise Size

Small
Medium
Large

-By Customer Type

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Geographical analysis:

-By Region

North America
South America
Europe
Middle East Africa
Asia-Pacific

Asia-Pacific is projected to acquire the largest market share during the forecast period. It owes principally to the active participation of the governments through numerous initiatives projects like smart cities, citywide monitoring systems, and educational reforms, especially across countries like China India. The regional market is further bolstered by favorable government initiatives, such as China's policies encouraging the adoption of video surveillance in public spaces like schools hospitals.

Additionally, within the Asia Pacific region, India witnessed a substantial rise in various criminal activities, including acts of terrorism communal violence. Hence, this has generated potential demand for video surveillance systems across the country.

Global Video Surveillance Industry Recent Development:

2023: Hikivision launched its five New ColorVu cameras, including an LPR Dome Camera/DVR kits. These new cameras include panoramic, turret, and bullet models to cover the widest range of application needs.
2022: Dahua Technology announced to launch of a Three-in-One Camera (TiOC) for its North America market. With warm-light LEDs, an active alarm with red and blue flashing lights, and two-way talk, the TiOC helps security operators take a proactive approach and stop incidents before they occur.

Current Landscape of Video Surveillance Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Video Surveillance market. The research report profiles major players, including

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Hikvision
Dahua Technology
Axis Communications
Bosch Security And Safety Systems
Hanwha Techwin
Avigilon, A Motorola Solutions Company
Flir Systems
Honeywell Commercial Security
Panasonic I-Pro Sensing Solutions
Pelco

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