Video Surveillance Systems Market

Video Surveillance Systems Market (2022-2027): Share, Size, Growth, Demand, Analysis and Forecast

Technology and Media

The latest research study “Video Surveillance Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global video surveillance systems market reached a value of US$ 48.65 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 118.16 Billion by 2027, exhibiting a CAGR of 15.20% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Definition and Application:

Video surveillance systems are digitally advanced monitoring systems that capture images and videos, which can be stored, compressed and sent over communication networks. Internet protocol (IP), analog, ANPR/LPR cameras, and hybrid and bullet cameras are commonly used video surveillance systems. They consist of cameras, monitors, transmitters, display units, control systems, and recorders that help monitor operations and prevent theft, vandalism, accidents, and damage to vehicles. They also assist in recording evidence, maintaining records, and improving awareness regarding public safety. Nowadays, surveillance systems are widely installed across various establishments in residential and commercial sectors.

Global Video Surveillance Systems Market Trends and Drivers: 

The market is primarily driven by significant development in the banking, financial services, and insurance (BFSI) industry across the globe. In addition, increasing theft, vandalism, fraudulent transactions, and suspicious withdrawals from automated teller machines (ATMs) represent another major growth-inducing factor. Besides this, various technological advancements, such as the integration of artificial intelligence (AI), deep learning, and the Internet of Things (IoT) that provide advanced analytical functions, such as vehicle, face, and license plate recognition (LPR), are positively influencing the market growth. Other factors, including the introduction of high-definition (HD) cameras, the rising adoption of video surveillance systems in the defense sector to track and monitor public activities, and the increasing product utilization in retail stores to prevent shoplifting and burglary, are also propelling market growth.

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Video Surveillance Systems Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 48.65 Billion
Market forecast in 2027 US$ 118.16 Billion
Growth Rate CAGR of 15.20% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered System type, Component, Application, Enterprise Size, Customer Type and Region
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled Axis Communications AB (Canon Inc.), Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH), Eagle Eye Networks Inc., Hangzhou Hikvision Digital Technology Company Limited, Honeywell International Inc., Infinova Corporation, Panasonic Corporation, Qognify Inc., Samsung Electronics Co. Ltd., Schneider Electric SE, Sony Group Corporation and Zhejiang Dahua Technology Co. Ltd.
Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization preview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by System Type:

  • Analog Surveillance
  • IP Surveillance
  • Hybrid Surveillance

Breakup by Component:

  • Hardware
  • Software
  • Services

Breakup by Application:

  • Commercial
  • Military and Defense
  • Infrastructure
  • Residential
  • Others

Breakup by Enterprise Size:

  • Small Scale Enterprise
  • Medium Scale Enterprise
  • Large Scale Enterprise

Breakup by Customer Type:

  • B2B
  • B2C

By Geography:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

List of Major Key Players:

The major players in the market are Axis Communications AB (Canon Inc.), Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH), Eagle Eye Networks Inc., Hangzhou Hikvision Digital Technology Company Limited, Honeywell International Inc., Infinova Corporation, Panasonic Corporation, Qognify Inc., Samsung Electronics Co. Ltd., Schneider Electric SE, Sony Group Corporation and Zhejiang Dahua Technology Co. Ltd.

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