Video Surveillance Market is forecasted to witness USD 28.79 Bn revenue growth through 2023-2027
Estimated revenue growth for the video surveillance market between 2022 and 2027 is USD 28.79 billion, with a compound annual growth rate (CAGR) of 9.33%. The desire to reduce terrorist attacks and criminal activity, the applicability of video surveillance for smart cities, and the development of video surveillance in the commercial sector are all major factors driving this market's growth.
As per video surveillance market analysis Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Hexagon AB, Huawei Investment and Holding Co. Ltd., i PRO Co. Ltd., Motorola Solutions Inc., NEC Corp., NICE Ltd., Robert Bosch GmbH, Teledyne Technologies Inc., Tiandy Technologies Co. Ltd. are some prominent names in market landscape contributing significantly in market development
Video Surveillance Market at a Glance
Navigating through the growth drivers of the Video Surveillance Market it has been observed the primary growth drivers include
For instance, SenseTime, an AI start-up based in China, offers AI-based facial recognition technology to several local governments and private security firms in the country. Technologies like this are extensively used in various pilot smart city projects. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem.
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