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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Video surveillance systems refer to technologically enhanced monitoring systems that capture videos and images that can be compressed, stored, or sent over communication networks. Analog, hybrid and internet protocol (IP) are some of the commonly used video surveillance systems. Consisting of recorders, display units, transmission, cameras, monitors and control systems, they are generally used to monitor operations, prevent theft, vandalism, accidents and damage to vehicles, and monitor grounds, outdoor premises and traffic. These systems further assist in recording evidence, maintaining accurate records, and enhancing situation awareness, thus ensuring public safety. As a result, surveillance systems are widely installed across various establishments, both in residential and commercial sectors.
Significant growth in the banking, financial services and insurance (BFSI) industry across the globe is creating a positive outlook for the market. Video surveillance systems are widely used due to the rising number of thefts, suspicious withdrawals from automated teller machine (ATM), and fraudulent transactions. Moreover, the increasing product demand in the retail sector due to the rising instances of shoplifting and burglary is favoring the market growth. Apart from this, various advancements in technology, such as the integration of deep learning, the Internet of Things (IoT) and artificial intelligence (AI) that offer advanced analytical functions, such as face, vehicle, and license plate recognition (LPR), are providing a considerable boost to the market growth. Additionally, the rising security concerns due to the increasing number of terror attacks and illegal activities across the globe is facilitating the widespread adoption of video surveillance systems in the defense industry to track and monitor public activities. This, in turn, is positively impacting the market growth. Other factors, including the introduction of high-definition (HD) cameras and the implementation of various government initiatives promoting the installation of video cameras in public places, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global video surveillance systems market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on system type, component, application, enterprise size and customer type.
Breakup by System Type:
Breakup by Component:
Breakup by Application:
Breakup by Enterprise Size:
Breakup by Customer Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis||2021|
|Segment Coverage||System Type, Component, Application, Enterprise Size, Customer Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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