Video Surveillance Market Summary
As per MRFR Analysis, the Global Video Surveillance Market was valued at USD 56.4 billion in 2024 and is projected to grow to USD 168.81 billion by 2035, with a CAGR of 10.42 % from 2025 to 2035. The growth is driven by the increasing demand for smart city solutions, biometric applications, and AI-powered video analytics, which enhance security and operational insights across various sectors.
Key Market Trends & Highlights
Key trends driving the video surveillance market include advancements in AI technology and increasing security concerns across industries.
- Video surveillance hardware is expected to dominate the market, accounting for over 60% of total system costs.
- The commercial segment is projected to experience the fastest revenue growth due to rising security needs in retail and financial sectors.
- AI-driven analytics are revolutionizing security monitoring, enabling real-time threat detection and operational insights.
Market Size & Forecast
2024 Market Size: USD 56.4 Billion
2035 Market Size: USD 168.81 Billion
CAGR (2025-2035): 10.42%
Largest Regional Market Share in 2024: North America
Major Players
Key companies include Axis Communications AB, Bosch Security Systems Inc., FLIR Systems Inc., Zhejiang Dahua Technology Co. Ltd., and Hangzhou Hikvision Digital Technology Co. Ltd.
Key Video Surveillance Market Trends Highlighted
The Video Surveillance Market is witnessing significant trends driven by various technological advancements and changing consumer demands. One key market driver is the increasing need for security and surveillance across various sectors, including retail, transportation, and public safety. As urban areas grow and crime rates fluctuate, the adoption of video surveillance systems is becoming vital for crime prevention and ensuring safety. Moreover, the rise of smart cities is further propelling the demand for integrated surveillance solutions that not only enhance security but also improve operational efficiency. Recent times have seen trends in the convergence of video surveillance with advanced technologies such as artificial intelligence, machine learning, and Internet of Things (IoT).
This integration allows for enhanced analytics, enabling quicker response times and more proactive security measures. Additionally, cloud-based solutions are gaining traction, as they offer flexibility and scalability that traditional systems may lack, allowing organizations in the Global market to manage their surveillance needs more efficiently. Opportunities exist to capture markets in developing regions, where investments in infrastructure and technology are rapidly increasing. Governments globally are emphasizing the importance of public safety and technological advancement, which opens doors for the introduction of innovative surveillance technologies.
Furthermore, the ongoing trend towards remote monitoring and the increasing popularity of mobile applications provide avenues for market players to expand their offerings and tap into new customer segments. As regulatory frameworks evolve to accommodate these shifts, stakeholders must be agile to capitalize on emerging opportunities while ensuring compliance with privacy and data protection laws.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Video Surveillance Market Drivers
Increasing Security Concerns and Crime Rates
The Video Surveillance Market Industry is expanding rapidly due to growing security concerns caused by rising crime rates. According to the United Nations Office on Drugs and Crime, the worldwide homicide rate is around 6.1 per 100,000 people, underscoring the vital need for improved security measures in metropolitan areas. As countries work to improve public safety, groups such as the International Association of Chiefs of Police have called for more use of surveillance technology.
Countries are spending considerably in smart city efforts that use video surveillance equipment to efficiently monitor public locations. For example, nations such as the United States and the United Kingdom rely extensively on camera monitoring to discourage crime, which is predicted to raise demand for video surveillance systems in metropolitan areas throughout the world. Furthermore, government funding in various areas are given to improve and extend existing security infrastructures, which contributes considerably to the growth of the Video Surveillance Market.
Technological Advancements in Surveillance Technology
Rapid advancements in technology, including the development of Artificial Intelligence (AI) and Internet of Things (IoT), are major drivers for the Video Surveillance Market Industry. Systems equipped with AI capabilities provide enhanced analytics and predictive insights, thereby increasing their efficacy in crime prevention and management. According to a report by the International Telecommunication Union, over 55% of organizations have adopted AI in surveillance systems, leading to an improved security landscape globally.
Furthermore, leading players like Cisco Systems are driving innovations in networked video surveillance, which integrates with existing infrastructure to provide smarter and more comprehensive security solutions. As technology continues to evolve, organizations are increasingly recognizing the importance of modern surveillance systems that can offer real-time monitoring and analysis.
Government Initiatives and Regulation
Government initiatives promoting the adoption of video surveillance systems are pivotal in driving growth in the Video Surveillance Market Industry. Numerous countries have enacted regulations to enhance public safety and promote investment in surveillance infrastructure. For example, the European Union's General Data Protection Regulation (GDPR) emphasizes the need for secure and compliant video monitoring solutions. Additionally, the U.S.
Department of Homeland Security frequently allocates funding for enhanced security measures in public infrastructure, which has led to a rise in projects focusing on video surveillance upgrades. As governments recognize the critical importance of surveillance for national security, there exists a steady flow of funding towards these technologies, further creating opportunities for market growth.
Video Surveillance Market Segment Insights:
Video Surveillance Market Component Insights
The Video Surveillance Market is witnessing significant growth, primarily driven by the major components, which include Hardware, Software, and Services. As of 2024, the overall market is valued at approximately 56.4 USD Billion, with Hardware, Software, and Services contributing significantly to this valuation. The Hardware segment, valued at 20.4 USD Billion, is expected to grow substantially, reaching 63.42 USD Billion by 2035, representing a dominant portion of the market due to advancements in surveillance camera technology and storage solutions.
This segment includes essential components such as cameras, sensors, and storage devices, which are vital for enhancing security measures across various industries globally. The Software segment, initially valued at 15.6 USD Billion in 2024, plays a crucial role in managing and analyzing video content, leading to an expected growth to 47.12 USD Billion by 2035. This illustrates the importance of software solutions in providing enhanced functionalities, such as video analytics and cloud-based storage, enhancing the ability to integrate systems for improved operational efficiency.
Furthermore, the Services segment, also holding a valuation of 20.4 USD Billion in 2024, is projected to reach 58.27 USD Billion by 2035, highlighting the need for installation, maintenance, and monitoring services essential to ensure the optimal functioning of video surveillance systems. The growth in this segment underlines a shift towards comprehensive security solutions that encompass more than just hardware, requiring ongoing support and expertise. Overall, the Video Surveillance Market revenue is reflective of growing concerns toward safety and security in both public and private sectors, with government regulations further driving the necessity for robust surveillance solutions globally.
This landscape demonstrates that with the increasing emphasis on security and surveillance, the Hardware segment remains a majority holding in the market, while Software and Services provide significant opportunities for ongoing growth and innovation, ultimately shaping the future of the Video Surveillance Market industry.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Video Surveillance Market Hardware Insights
The Video Surveillance Market, particularly in the Hardware segment, is poised for significant growth as it reaches a valuation of 56.4 USD Billion in 2024 and is projected to expand further by 2035. Hardware plays a pivotal role in enhancing video surveillance systems, with Cameras and Storage Systems being integral components. Cameras facilitate real-time monitoring and capturing of events, ensuring improved security and safety, while robust Storage Systems are critical for managing and safeguarding the vast amounts of video data generated.
The demand for advanced hardware solutions is fueled by the increasing adoption of smart security systems across various sectors, including retail, transportation, and public security. Emerging trends, such as the integration of artificial intelligence into hardware capabilities, are shaping the landscape of the Video Surveillance Market, enhancing functionalities and driving operational efficiencies. Nonetheless, challenges like high installation costs and data privacy concerns persist, creating opportunities for innovation and market growth.
With a projected compound annual growth rate (CAGR) of 10.42% from 2025 to 2035, the Video Surveillance Market data reflects a robust trajectory, reinforcing its significance in ensuring safety and security measures on a global scale.
Video Surveillance Market Application Insights
The Video Surveillance Market, valued at 56.4 billion USD in 2024, demonstrates significant growth potential driven by diverse applications across various sectors. The residential segment emphasizes the increasing need for security solutions in homes, particularly due to rising concerns related to crime and theft. In the commercial sector, businesses invest in video surveillance to enhance safety and monitor customer activity, contributing to operational efficiency. The defense sector plays a crucial role in utilizing advanced surveillance technologies to ensure national security, showcasing the growing demand for high-tech and integrated security systems.
Infrastructure applications highlight the importance of monitoring public spaces, including transportation hubs and critical utilities, to maintain safety and manage risks effectively. As the Video Surveillance Market segmentation reveals a strong alignment with urbanization and technological advancements, opportunities arise in developing smart cities and enhancing public safety measures worldwide. The market growth is further bolstered by burgeoning advancements in artificial intelligence and cloud-based video surveillance, facilitating easier access and better analytics for decision-makers.
Overall, the Video Surveillance Market industry is positioned for substantial advancement due to the escalating need for security across different applications.
Video Surveillance Market Regional Insights
The Video Surveillance Market has showcased significant growth across various regions, consolidating its position as a pivotal element in security infrastructure globally. In 2024, the North America market is valued at 22.0 USD Billion, representing a majority holding due to heightened security concerns and advancements in technology, which solidifies its dominance in the Video Surveillance Market. Europe follows closely with a valuation of 16.5 USD Billion, where strict regulations and a growing demand for public safety remain key growth drivers.
The Asia Pacific market is projected to reach 11.4 USD Billion in 2024, supported by rapid urbanization and increasing investments in smart city projects, making it a vital player in the Video Surveillance Market. In contrast, South America appears smaller, valued at 4.5 USD Billion, where economic fluctuations present challenges, yet opportunity exists in emerging markets. The Middle East and Africa, with a valuation of 2.0 USD Billion, are gradually expanding, driven by infrastructure development and increasing security needs in both public and private sectors.
This regional distribution reflects varied growth dynamics, emphasizing the significance of tailored strategies to capture specific opportunities within the Video Surveillance Market statistics.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Video Surveillance Market Key Players and Competitive Insights:
The Video Surveillance Market is characterized by rapid advancements in technology and increasing demand for security across various sectors, including government, retail, transportation, and residential. As a result, the competitive landscape features a diverse array of players, each vying for market share through innovative products and strategic partnerships. The emergence of smart technologies and the expansion of Internet of Things (IoT) applications have spurred growth in this market, leading to greater investment in systems that offer enhanced functionality, such as cloud storage and analytics-driven insights. Companies in this space are continuously adapting to evolving consumer needs and regulatory requirements, which has intensified competition and fostered a robust landscape of service providers and manufacturers offering tailored video surveillance solutions.
Hikvision has established itself as a leading player in the Video Surveillance Market, thanks to its extensive range of high-quality surveillance products, including cameras, video recorders, and management software. The company's strengths lie in its ability to innovate and offer cost-effective solutions that cater to various customer requirements, from small businesses to large enterprises. With a substantial global market presence, Hikvision has expanded its operations across multiple regions, enhancing its distribution networks and customer service capabilities. The company's focus on research and development enables it to stay ahead of technological trends, ensuring that its offerings remain competitive. Furthermore, Hikvision benefits from strong brand recognition, which further solidifies its position within the market and allows it to capture significant market share.
Milestone Systems operates as a prominent player within the Video Surveillance Market, specializing in open-platform video management software that integrates seamlessly with a variety of hardware. The company's key services encompass scalable solutions aimed at a wide range of vertical markets, ensuring adaptability and ease of use for clients worldwide. Milestone Systems has built a strong market presence through its commitment to partnerships, facilitating collaborative efforts with various technology providers to enhance its product offerings. This approach not only strengthens its positioning within the industry but also fosters continuous innovation. The company has made strategic moves through mergers and acquisitions, which have further bolstered its capabilities, enabling it to expand its research and development efforts. This positions Milestone Systems as a prominent innovator within the global market, meeting the demands of modern security challenges.
Key Companies in the Video Surveillance Market Include:
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Hikvision
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Milestone Systems
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Dahua Technology
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Lenovo
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Axis Communications
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Hanwha Techwin
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Tyco Integrated Security
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Avigilon
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Honeywell
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Johnson Controls
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Cisco Systems
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Genetec
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Bosch Security Systems
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FLIR Systems
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NEC Corporation
Video Surveillance Market Industry Developments
In recent months, the Video Surveillance Market has seen significant developments, particularly with growth among major companies like Hikvision, Dahua Technology, and Axis Communications. In September 2023, Hikvision announced enhancements to its product line, focusing on AI-driven analytics and cybersecurity measures, which have become critical due to increasing consumer demands for safer technologies. Meanwhile, Milestone Systems and Genetec launched new software solutions aimed at improving video data management and user experience.
Over the past two years, the market has been valued at over USD 42 billion as of early 2023, driven by demand for smart city solutions and advanced analytics. This growth trajectory positions the Video Surveillance Market as a pivotal industry within the broader security landscape, underscoring its importance in both technology integration and infrastructure development.
Video Surveillance Market Segmentation Insights
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Video Surveillance Market Component Outlook
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Hardware
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Software
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Services
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Video Surveillance Market Hardware Outlook
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Camera
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Storage System
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Others
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Video Surveillance Market Application Outlook
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Residential
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Commercial
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Defense
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Infrastructure
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Video Surveillance Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
Report Attribute/Metric
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Details
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Market Size 2023
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53.4 (USD Billion)
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Market Size 2024
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56.4 (USD Billion)
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Market Size 2035
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168.81 (USD Billion)
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Compound Annual Growth Rate (CAGR)
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10.42% (2025 - 2035)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2024
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Market Forecast Period
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2025 - 2035
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Historical Data
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2019 - 2024
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Hikvision, Milestone Systems, Dahua Technology, Lenovo, Axis Communications, Hanwha Techwin, Tyco Integrated Security, Avigilon, Honeywell, Johnson Controls, Cisco Systems, Genetec, Bosch Security Systems, FLIR Systems, NEC Corporation
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Segments Covered
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Component, Hardware, Application, Regional
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Key Market Opportunities
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IP camera adoption surge, Integration with AI analytics, Cloud-based surveillance systems, Growth in smart city projects, Rising demand for cybersecurity solutions
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Key Market Dynamics
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Growing security concerns, technological advancements, regulatory compliance requirements, increased cloud adoption, and rising demand for smart cities
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Video Surveillance Market Highlights:
Frequently Asked Questions (FAQ) :
The Video Surveillance Market is expected to be valued at 168.81 USD Billion by 2035.
The expected CAGR for the Video Surveillance Market from 2025 to 2035 is 10.42%.
North America is anticipated to hold the largest market share in the Video Surveillance Market, valued at 66.77 USD Billion by 2035.
In 2024, the Video Surveillance Market was valued at 56.4 USD Billion.
The hardware segment of the Video Surveillance Market is expected to be valued at 63.42 USD Billion by 2035.
Key players in the Video Surveillance Market include Hikvision, Milestone Systems, Dahua Technology, Lenovo, and Axis Communications.
The Asia Pacific region is expected to grow to a market size of 34.24 USD Billion by 2035.
The services segment in the Video Surveillance Market is projected to be valued at 58.27 USD Billion by 2035.
The software segment of the Video Surveillance Market was valued at 15.6 USD Billion in 2024.
The European market for video surveillance is expected to grow to 49.87 USD Billion by 2035.