Surveillance And Security Equipment Market Size to grow by USD 47.83 billion between 2024-2028
According to a research report “ Surveillance And Security Equipment Market” by Service (Commercial, Residential) Product (Video camera, Alarms, Access control) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 47.83 billion, at a CAGR of 11.61% during the forecast period. In today's global climate, the escalating threat of complex criminal and terrorist activities necessitates the deployment of advanced surveillance and security equipment. This need is driven by an increase in territorial conflicts, geopolitical instabilities, and terrorist activities in various countries. The global terrorism threat is particularly significant, with notable incidents in the US and UK. In response, governments have implemented stringent regulations mandating the installation of surveillance and security equipment in public areas such as hypermarkets, hospitals, airports, ports, railway stations, hotels, and malls to mitigate risks associated with intrusion, murder, robbery, theft, and terrorism.
Browse market data tables, figures, and in-depth TOC on “Surveillance And Security Equipment Market” by Service (Commercial, Residential) Product (Video camera, Alarms, Access control) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Service, the Commercial segment is projected to dominate the market size in 2024
In the realm of business security, video surveillance plays a pivotal role in safeguarding confidential data and maintaining organizational security. Surveillance systems primarily utilize video cameras to monitor activities within designated areas. These systems, such as CCTV, employ one or more cameras to record footage, which is subsequently stored using digital video recorders (DVRs) or network video recorders (NVRs). In January 2024, Consistent Infosystems unveiled a new range of domestically manufactured surveillance cameras, including the Smart Wireless 4G PT Camera, 4G Solar Camera, Wireless Pan-Tilt Wi-Fi 3MP/4MP Mini Wi-Fi P2P Plug and Play, 4G Camera Color Camera, and CCTV Camera 4G Dome. These advanced cameras enhance security measures by offering features like remote access, high-definition recording, and wireless connectivity.
By Product, Video camera segment is expected to hold the largest market size for the year 2024
The commercial sector's expansion and heightened focus on efficient security management have fueled the demand for surveillance and security equipment. This segment encompasses establishments like hotels, restaurants, retail stores, malls, private hospitals, and office complexes. The implementation of integrated security systems enables these entities to manage security costs effectively while monitoring access points and assets under a centralized platform. Additionally, the protection of valuable assets, production processes, manufacturing plants, and factories necessitates the use of surveillance and security equipment to safeguard against theft, tampering, and potential security breaches.
APAC is forecasted to hold the largest market size by region in 2024
The Surveillance and Security Equipment Market encompasses the production and distribution of technologies and devices designed to protect businesses and organizations from threats. This includes CCTV cameras, access control systems, alarm systems, and biometric scanners. Market growth is driven by increasing security concerns and advancements in technology. Companies are investing in innovative solutions to enhance safety and mitigate risks. The market is expected to witness significant expansion in the coming years.
The Surveillance And Security Equipment Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Surveillance and Security Equipment Market encompasses a wide range of technologies and applications, including high-resolution cameras, wireless cameras, network cameras, IP surveillance systems, CCTV, video surveillance, video cameras, and biometric access systems. These solutions are essential for ensuring safety and security in various sectors such as borders and checkpoints, government and defense, commercial verticals, and public places. High-resolution cameras and wireless cameras are increasingly popular due to their ability to provide clear images and flexibility in installation. The shift towards IT infrastructure providers, VNF and SDN, is also driving the market forward, enabling more advanced and integrated security solutions. IP surveillance systems, including CCTV and video surveillance, are becoming the norm, replacing traditional analogue systems. Drones are also being used for aerial surveillance, particularly for monitoring borders and large areas. The market is driven by the need to prevent illegal activities, including terrorism, theft, fraud, and abnormal activity. National infrastructure and government buildings are key areas of focus, as are smart cities where digital data is a valuable asset. Safety assurance and public place security are also significant factors. Overall, the market is expected to grow significantly due to increasing security concerns and technological advancements.
Market Research Overview
The Surveillance and Security Equipment market is witnessing significant growth due to increasing concerns for public safety, particularly in the wake of campus shootings and other violent incidents in educational institutions. Law enforcement agencies and IT infrastructure providers are investing heavily in advanced video analytics technologies, Video Surveillance as a Service (VSaaS), DVR and NVR systems, and network cameras to enhance security and prevent illegal activities. High-resolution and wireless cameras are becoming increasingly popular, with video surveillance becoming a crucial component of security systems in public places, borders and checkpoints, and critical infrastructure. New-generation CCTV cameras, biometric access systems, and alarm systems are also being adopted for residential buildings and commercial verticals to prevent vandalism, violence, and privacy violations. The use of drones, audio equipment, and IT services is also on the rise for traffic control operations, emergency services, and institutions. Government and defense, financial services, and industrial sectors are major consumers of video surveillance equipment, with a focus on preventing crimes, terrorism, and abnormal activity. The market for video surveillance equipment is expected to grow further with the adoption of Virtual Network Functions (VNF) and Software-Defined Networking (SDN) in security systems, and the integration of digital data from various sources for fraud and theft prevention. The use of smart cities and the increasing importance of safety assurance in public places are also driving market growth.
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