Video Surveillance Market By Offering (Hardware, and Software, Service), By System (Analog Video Surveillance Systems, and IP Video Surveillance Systems), By Vertical (Commercial, Infrastructure, Military & Defense, Residential, Public Facility, and Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and America – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Report Code : BII 970 Jan-2022 Information & Technology Format : PDF Pages : 218

     



Video Surveillance Market Overview

A digital video surveillance system records images and films that can be compressed, stored, and transmitted through communication networks. It is adaptable to any setting. Every organisation in the world need security and surveillance. Governments, businesses, financial institutions, and healthcare organisations are all expected to have security and surveillance systems in place. As a result, demand for security applications such as video surveillance to monitor and record borders, ports, transportation infrastructure, corporate homes, educational institutes, public areas, buildings, and other locations has skyrocketed. 4K resolution video cameras are now available in modern video cameras. 4K IP video cameras have 27 times the resolution of analogue cameras, nine times the resolution of a typical HD camera (1,280 720), and four times the resolution of a Full HD camera (1,920 1,080).  Furthermore, even when magnifying a still image, these higher resolution cameras ensure that tiny and finer details stay visible. Video cameras with 4K resolution provide a more detailed image that allows for higher detail retrieval. Variable zoom lenses are also available on modern cameras to provide a closer field of vision. Many cameras now come with a built-in microphone that can broadcast and record audio while video is being recorded. As a result, a variety of reasons, such as expanded camera capabilities, maturing technology, features, and customised systems, are making it easier for integrators to satisfy the demand from end customers looking to modernise ageing surveillance systems to suit their security and operational requirements.

However, while video surveillance systems aid in theft prevention and overall security, they are frequently considered as a breach of privacy. People want their personal information to be used solely for specific and legitimate objectives, and there have been concerns about how video recordings might be exploited or misused, particularly in the field of facial recognition technology. More countries and regions are imposing stronger privacy rules that regulate the use of video surveillance technologies, causing firms to take more accountability for the data they collect. This is a bigger issue with remote or cloud-based video storage because recordings can be accessed or misused by unauthorised persons, leaked, or stolen. Privacy protection legislation is being enacted around the world, including the General Data Protection Regulation (GDPR) in Europe and the Federal Information Security Management Act (FISMA) in the United States. Organizations are becoming more conscious of the dangers of private data breaches, as well as more selective when it comes to security products and solutions. These issues are projected to constrain market expansion.

Market Size

According to Business Intelligence Insights “Video Surveillance Market" is expected to grow from USD 42.10 billion in 2021 to USD 73.37 billion by 2030, at a CAGR of 9.70% during the forecast period 2022-2030


Covid -19 Impact Analysis

The COVID-19 pandemic, a deadly respiratory disease that began in China and has now spread around the world, has had an impact on the video surveillance sector. This crisis has impacted many end-use verticals that use video surveillance systems. As a result, the market will be down 4% in 2020 compared to 2019. Both the demand and supply sides of the video surveillance equipment supply chain have been disrupted, according to market participants. Several industry professionals believe that by FY2021, the COVID-19 pandemic will have subsided. Based on input from various industry experts from various stages of the value chain, such as OEMs, suppliers, integrators, end-users, and distributors, as well as the financial release of various companies in the video surveillance ecosystem, the market is expected to experience a marginal decline between 2019 and 2020. For example, Hikvision (China) and Teledyne FLIR (US) both experienced strong growth in 2020. Companies like Dahua Technology (China), Uniview (China), and Axis Communications (Sweden), on the other hand, remained largely stable, while Hanwha Techwin (South Korea) had a revenue loss. However, beginning in 2021, the growth rate is predicted to rebound and continue to rise throughout the forecast period.

Market Dynamics

•    Drivers

o    Increased hardware capabilities of video cameras
o    Advancement in IP Based 

•    Restraints

o    Privacy and security concerns regarding video data
o    Outbreak of pandemic COVID-19 has led to a severe Downtown in the Global Market.

Segmentation Insights


By Video Surveillance Hardware:

Video Surveillance Hardware category dominated the market with more than 60% of the market share

On the basis of offering, the segment, video surveillance hardware market is estimated to have the greatest share. The hardware segment has a large market due to the fact that hardware accounts for more than 60% of the overall cost of a video surveillance system. As a result of expanding security concerns across different verticals, the use of cameras is likewise increasing globally. As the industry moves toward IP cameras, a number of hardware-based advancements have emerged that improve low-light performance, object tracking, and security. Technological improvements have led to highly sophisticated surveillance cameras that can be set to zoom-in scan items such as hazardous equipment. These reasons are propelling the video surveillance hardware industry forward.

By Commercial: 

Commercial category dominated the market with more than 20% of the market share

The commercial verticals video surveillance market had the highest share of the market in 2021, and it is projected to continue to have the largest share during the forecast period. The commercial video surveillance market is being driven by the increasing importance of video surveillance systems as a result of heightened security concerns across applications such as retail, enterprises, and banks and financial institutes. Due to security breaches such as inventory loss, robbery, illegal access, and other criminal activity, the business sector has seen an increase in demand for security solutions. In recent years, the need for surveillance systems has increased due to the fast growth of small enterprises, as well as retail establishments and malls.

By Offering

•    Hardware
•    Software
•    Service
•    Impact of COVID-19 on Offering

By System

•    Analog Video Surveillance Systems
•    IP Video Surveillance Systems

By Vertical

•    Commercial
•    Infrastructure
•    Military & Defense
•    Residential
•    Public Facility
•    Industrial
•    Impact of COVID-19 on various verticals

By Region

•    North America
o    U.S.
o    Canada

•    Europe 
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe

•    Asia Pacific 
o    China
o    India
o    Japan
o    Rest of Asia Pacific

•    Latin America 
o    Brazil
o    Mexico
o    Rest of Latin America

•    Middle East and Africa 
o    UAE
o    South Africa
o    Rest of Middle East and Africa (MEA)

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)
•    Genetec (Canada)
•    Huawei Technologies (China)
•    NEC (Japan)
•    NICE Systems (Israel)
•    Qognify (US)
•    Tiandy Technologies (China)
•    VIVOTEK (Taiwan)
•    MOBOTIX (Germany)
•    Morphean (Switzerland)
•    Verkada (US)
•    Camcloud (Canada)
•    Ivideon (US)

Regional Insights

World map title will be here...

Asia Pacific dominated the market with more than 35% of the market share

In 2021, video surveillance in Asia-Pacific accounts for the biggest share of the market. Because of rising population density in major cities and investments in smart city initiatives, APAC is likely to continue to dominate the video surveillance industry. The market growth in APAC is being driven by an increase in the number of retail chains, small businesses, residential apartments, and hospitality businesses, as well as government initiatives in various countries to install video surveillance cameras in public places such as cities, schools, colleges, religious places, and airports. The rising population in developing countries like China and India, combined with falling video surveillance equipment costs, is driving significant growth in smart video surveillance solutions. As a result of the presence of multiple camera manufacturers and the low cost of video surveillance systems, the market in developing nations has prospects. Hikvision (China), Dahua Technology (China), Panasonic i-PRO Sensing Solutions (Japan), Hanwha Techwin (South Korea), and Uniview (China) are among the well-known firms in the region offering unique and advanced solutions (China).

Table

Report Attributes
Details
Market Size Value in 2021 USD 42.10 billion
Market Size Value in 2030 USD 73.37 billion
Growth Rate +9.70%
Base Year 2021
Forecast Period 2022-2030
Historical Data 2018-2020
Forecast Units USD Billion
Countries Covered North America: U.S., Canada, Europe: Germany, U.K., France, Italy, Spain, Rest of Europe, Asia Pacific: China, India, Japan, Rest of Asia Pacific, Latin America: Brazil, Mexico, Rest of Latin America, Middle East and Africa: UAE, South Africa, Rest of Middle East and Africa (MEA)
Segments Covered By Offering, By System, By Vertical, By Region
Competitive landscape Leading companies, Competitive strategies and Consumer engagement scope
Customization is available If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

Frequently Asked Questions (FAQ):

The Video Surveillance Market is predicted to grow at a 9.70% CAGR between 2022-2030.

According to Business Intelligence Insights “Video Surveillance Market" is expected to grow from USD 42.10 billion in 2021 to USD 73.37 billion by 2030, at a CAGR of 9.70% during the forecast period 2022-2030

Video Surveillance Hardware category dominated the market with more than 60% of the market share

Asia Pacific dominated the market with more than 35% of the market share

Key competitors in the Video Surveillance Market include 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), Genetec (Canada), Huawei Technologies (China), NEC (Japan), NICE Systems (Israel), Qognify (US), Tiandy Technologies (China), VIVOTEK (Taiwan), MOBOTIX (Germany), Morphean (Switzerland), Verkada (US), Camcloud (Canada), Ivideon (US)
Purchase Options
Copyright © Business Intelligence Insights.