Video Surveillance Market is predicted to reach USD 123.1 billion at a CAGR of 11.10% during the forecast period

Market Research Future Published a Cooked Research Report on "Global Video Surveillance Market"

MRFR recognizes the following companies as the key players in the global Video Surveillance market— Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Hangzhou Hikvision Digital Technology Co., Bosch Security Systems Inc. (U.S.), Ltd. (China), and FLIR Systems Inc. (U.S.)

Market Highlights

The global Video Surveillance market is accounted to register a CAGR of 11.10% during the forecast period and is estimated to reach USD 123.1 billion by 2032

The global video surveillance market refers to the industry involved in the development, implementation, and management of video surveillance systems and solutions. These systems are designed to monitor and record activities in various environments to enhance security, prevent crimes, and ensure public safety.

Segment Analysis

The global Video Surveillance market has been segmented based Component, Hardware, Application.

The Video Surveillance Market segmentation, based on component, includes hardware, software, and service. During the forecast period, the video surveillance hardware market is expected to account for the greatest share. The hardware market is attributed to the fact that hardware accounts for more than 60% of the total cost of a video surveillance system. As a result of rising security concerns across multiple industries, there is also an increase in the use of cameras deployed globally. The industry shift toward IP cameras has resulted in numerous hardware-based innovations that improve low-light performance, object tracking, and in-built security. Technological advancements have resulted in highly specialised surveillance cameras that can be programmed to zoom-in scan items such as hazardous equipment. These factors are driving the video surveillance hardware market.

The Video Surveillance Market segmentation, based on hardware, includes camera and storage systems. Cameras generate the most revenue in the market, accounting for $16.9 billion in 2021, and are expected to increase at a CAGR of roughly 11.9% throughout the forecast period, depending on hardware type. This is due to the fact that the combination of deep learning technology and video analytics raises the demand for security cameras in a variety of end-use applications. Furthermore, the storage category is predicted to develop significantly in the next years. As end consumers increasingly use cloud-based surveillance technology, industry participants are being urged to pool resources such as computing power and storage devices.

The Video Surveillance Market data has been bifurcated by application into Residential, Commercial, Defense and Infrastructure. Over the forecast period, the commercial segment is expected to experience significantly faster revenue growth. The segment's revenue growth is being driven by the growing importance of video surveillance systems in the commercial field as a result of increased security concerns across applications such as retail, companies, banks, and financial institutes. Security breaches such as inventory loss, robbery, illegal access, and other criminal activities increase demand for commercial security solutions.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Video Surveillance market Research Report

Regional Analysis

The global Video Surveillance market, based on region, has been divided into By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Due to rapid economic growth, in North America. The number of road rage incidents, crimes on the road, crimes against public property, and public security concerns are on the rise. In the near future, this is expected to increase demand for video surveillance systems. Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe Video Surveillance Market accounts for the second-largest market share. This is due to the region's robust network infrastructure and a large proportion of cloud service usage by organisations based in the region. Further, the Germany Video Surveillance Marketheld the largest market share, and the UK Video Surveillance Market was the fastest growing market in the European region

The Asia-Pacific Video Surveillance Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the region's strong network infrastructure and a high proportion of cloud service adoption. These elements contribute to the global market's expansion. Moreover, China Video Surveillance Market held the largest market share, and the India Video Surveillance Market was the fastest growing market in the Asia-Pacific region

Key Findings of the Study

• The global Video Surveillance market is expected to reach USD 110.2 billion by 2030 at a CAGR of 11.6% during the forecast period.


• The Asia-Pacific Video Surveillance Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the region's strong network infrastructure and a high proportion of cloud service adoption.


• The Video Surveillance Market segmentation, based on component, includes hardware, software, and service. During the forecast period, the video surveillance hardware market is expected to account for the greatest share.


• Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Hangzhou Hikvision Digital Technology Co., Bosch Security Systems Inc. (U.S.), Ltd. (China), FLIR Systems Inc. (U.S.)