Video Surveillance Market Size
Market Outlook:
Video Surveillance Market size surpassed USD 53.7 Billion in 2023 and is estimated to exceed USD 156.25 Billion by end of the year 2032, observing around 12.6% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 53.7 Billion
19-23
x.x %
24-32
x.x %
CAGR (2024-2032)
12.6%
19-23
x.x %
24-32
x.x %
Forecast Year Value (2032)
USD 156.25 Billion
19-23
x.x %
24-32
x.x %
Historical Data Period
2019-2023
Largest Region
Asia Pacific
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:1. Increasing demand for public safety and security measures
2. Technological advancements in video surveillance systems
3. Growing adoption of cloud-based video surveillance solutions
4. Rising trend of smart city initiatives and infrastructure development
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | System, Offering, Vertical |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | Hikvision (China), Dahua (China), Axis Communications (Sweden), Bosch Security Systems (Germany), FLIR (US), Avigilon (Canada), Hanwha Techwin (South Korea), Honeywell Security Group (US), Infinova (US), Pelco (US) |
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1. High initial investment and installation costs
2. Concerns over privacy and data security
3. Limited awareness and lack of skilled professionals in the video surveillance industry
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