Latest News- Closed Circuit Television (CCTV) Market: Dome camera is expected to lead the Product segment during 2025-2029

The Closed Circuit Television (CCTV) Market is being driven by Increasing government security initiatives

The Closed Circuit Television (CCTV) Market is expected to grow at a CAGR of 14.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 19433.3 million. Deep learning, a subset of machine learning, utilizes complex algorithms to deliver precise outcomes from the analysis of text, images, videos, and sounds. In the realm of Closed Circuit Television (CCTV), deep learning is employed for various functions such as object detection, facial recognition, automatic number plate recognition (ANPR), and people counting, with false alarm filtering. Hikvision Digital Technology, Hangzhou, offers retailers their people-counting CCTV cameras, integrated with deep learning algorithms, to bolster security and minimize shrinkage losses. Several other market players have introduced CCTV cameras equipped with deep learning technology. Presently, major industry players are integrating deep learning technology into their CCTV solutions to process data, decipher human speech, and visually identify objects. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Dome camera
  • PTZ camera
  • Bullet camera
  • Box camera
• Application
  • Public
  • Commercial
  • Residential
• Display Type
  • High definition
  • Standard definition
  • 4K and above
• Technology
  • IP-based CCTV
  • Analog CCTV
  • Hybrid systems
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing government security initiatives
• Integration of facial recognition technology in CCTV cameras
• Growing demand for IP-based CCTV cameras

However, the market also witnesses some limitations, which are as follows:

• Cyber security risks
• Limitations of data storage
• Recording gaps in wireless CCTV cameras

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Market Scope in Closed Circuit Television (CCTV) Market Research Report

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Research Analysis Overview

The CCTV market is witnessing significant advancements with the integration of video analytics algorithms, deep learning models, and artificial intelligence (AI) for real-time monitoring and incident response. Edge computing and cloud computing enable data processing and storage, while smart home integration and smart city infrastructure enhance security. Biometric authentication and two-factor authentication ensure data security. Wireless communication via cellular connectivity and wi-fi, along with solar-powered and battery-powered cameras, expand accessibility. Long-range transmission and high-performance computing optimize performance. Open source and proprietary software, along with software updates and technical support, ensure seamless functionality. Threat intelligence, security audits, and compliance regulations maintain security and data privacy.

Market Research Overview

The CCTV market, a segment of Technavio's global technology hardware, storage, and peripherals market, encompasses surveillance solutions such as IP cameras, analog cameras, PTZ cameras, dome cameras, and bullet cameras. This market is a significant component of the larger global technology hardware, storage, and peripherals market, which includes manufacturers of various technology hardware, data storage components, and peripherals. Technavio estimates the market size based on the revenue generated from the sales of these hardware devices and components. The global technology hardware, storage, and peripherals market expansion is attributed to the increasing demand for data storage solutions due to the growing volume, velocity, veracity, and variety (4Vs) of data. This trend is particularly relevant to the proliferation of data centers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/