Video Surveillance Market Size to grow by USD 28.79 billion between 2023-2027

Technavio, a leading provider of market research reports, has released its latest study on Video Surveillance Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The integration of Artificial Intelligence (AI) in video surveillance systems has revolutionized the industry, transcending its role as a passive deterrent. AI introduces smart automation to process vast amounts of surveillance data, generating insightful intelligence. Real-time analysis of live video streams is achievable with minimal human intervention, thanks to AI's capabilities. Intel's Movidius, for instance, harnesses AI and deep learning to make surveillance more proactive by detecting unattended objects and monitoring behavior. Strategic collaborations between Movidius and major vendors, such as Hangzhou Hikvision Digital Technology and Dahua Technology, are expected to boost the adoption of AI-driven video surveillance during the forecast period. By augmenting human capabilities, AI offers an unparalleled standard of facial, faceless, behavioral, and object recognition, thereby compensating for potential human errors.

Key Highlights

Growth Projections

The global video surveillance market  size is estimated to grow by USD 28.79 bn from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  9.33% during the forecast period. Need to mitigate criminal activities and terrorist attacks is driving market growth, with a trend towards advent of smart ai-based video surveillance  However, issues related to privacy  poses a challenge.Key market players include Agent Video Intelligence Ltd., Costar Technologies Inc., CP PLUS International, Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Hexagon AB, Honeywell International Inc., 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., Zhejiang Dahua Technology Co. Ltd., Zhejiang Uniview Technologies Co. Ltd., Zicom Saas Pvt. Ltd., and Canon Inc..

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Major Findings

• To address the escalating concerns of criminal activities and potential terrorist attacks, the video surveillance market has gained significant traction. This market offers advanced security solutions that leverage real-time video monitoring, facial recognition technology, and intelligent analytics. By deploying these systems, organizations and governments can mitigate risks, enhance public safety, and ensure the protection of critical infrastructure. Video surveillance is an essential component of a comprehensive security strategy, providing valuable insights and evidence for law enforcement agencies and security personnel.


• Video surveillance plays a crucial role in the development of smart cities by enhancing public safety and security. Advanced technologies such as high-definition cameras, artificial intelligence, and facial recognition are transforming video surveillance systems, enabling real-time threat detection and analysis. These innovations offer significant benefits for city authorities, including improved situational awareness, increased efficiency, and enhanced citizen services. As smart cities continue to evolve, video surveillance will remain a key component of their infrastructure, ensuring the safety and security of residents and visitors.


• The Video Surveillance Market has raised significant concerns regarding privacy issues. As the widespread use of surveillance cameras becomes more prevalent, debates surrounding individual privacy rights and potential misuse of footage continue to intensify. These concerns are amplified by advancements in technology that enable facial recognition and other forms of advanced data analysis. It is crucial for regulations and ethical guidelines to be established and adhered to, ensuring a balance between public safety and individual privacy.


• The Video Surveillance Market encompasses the production, installation, and maintenance of systems used for recording and transmitting visual data. A crucial aspect of this market is ensuring the security of surveillance data. Robust encryption methods, access control systems, and secure communication channels are essential to prevent unauthorized access, data breaches, and cyber attacks. Implementing these measures safeguards the integrity and confidentiality of valuable video surveillance information.

Market Research Overview

According to Technavio, the global video surveillance market is positioned under the broader category of the electronic equipment and instruments market within the larger electronics industry. This market segment encompasses manufacturers of electronic equipment and instruments, along with associated technology hardware, storage and peripherals, electronic components, and industrial electronics products. The global electronic equipment and instruments market is projected to expand at a moderate growth rate. The market size is determined by evaluating the revenues generated from the sales of ICT and electronics products, equipment, and components.

The Video Surveillance Market is experiencing significant growth, fueled by the Need to mitigate criminal activities and terrorist attacks. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The video surveillance market in the Asia Pacific (APAC) region is experiencing robust growth, fueled by urbanization and industrialization, as well as substantial investments in defense by countries such as China and India. China, specifically Beijing, is a global pioneer in public video surveillance system installations. Developed countries like Japan, South Korea, and Australia have adopted video surveillance due to the maturity of their industries and the imperative to secure their citizens. These nations boast a well-established end-user base for video surveillance systems, thanks to the standardization of industries and the existence of public safety frameworks. In addition, rapid urbanization and increasing household incomes in emerging economies, including India, China, Vietnam, and Indonesia, have heightened awareness of the importance of top-tier security and expanded the demand for urban living spaces.

Research Analysis Overview

The Video Surveillance Market has witnessed significant growth in recent years, driven by the need for enhanced security in various sectors. Fugitives and anticorruption programs are major applications of video surveillance in law enforcement. In industries, factories, malls, food chains, and departmental stores use IP security cameras for wireless, real-time access and remote monitoring. IP surveillance has replaced the traditional analog format, offering advanced security applications like object recognition, potential threat detection, and AI-powered video analysis using computer vision and machine learning. Buildings, educational institutes, corporate houses, transportation infrastructure, borders, and healthcare organizations are other significant markets for video surveillance. Regulatory requirements and security concerns are key drivers, with the integration of video surveillance systems and access control providing comprehensive security solutions. Advancements in technology, including real-time access, business intelligence, and smart city initiatives, are fueling the growth of the video surveillance market. However, privacy concerns and the need for human operators to monitor the vast amounts of data generated by these systems remain challenges. Overall, the future of video surveillance lies in the continued development of AI-powered video analytics and the integration of various security systems to provide a holistic security solution.

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