Latest News- Video Surveillance Market: Hardware is expected to lead the Product segment during 2025-2029

The Video Surveillance Market is being driven by Need to mitigate criminal activities and terrorist attacks

The Video Surveillance Market is expected to grow at a CAGR of 11.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 44181.7 million. 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, enabling the analysis of vast amounts of surveillance data to generate insightful intelligence. Real-time analysis of live video streams is achievable with minimal human intervention. Intels Movidius, for instance, utilizes AI and deep learning to make surveillance more proactive through unattended object detection and behavior monitoring. Strategic collaborations between Movidius and industry leaders like Hangzhou Hikvision Digital Technology and Dahua Technology are expected to expand the adoption of AI-driven video surveillance during the forecast period. AI's ability to correct human errors and deliver superior standards of facial, faceless, behavioral, and object recognition sets it apart as an indispensable tool for advanced surveillance applications. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Hardware
  • Software
  • Services
• End-user
  • Public
  • Commercial
  • Residential
• Type
  • IP video system
  • Analog video system
• 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: 

• Need to mitigate criminal activities and terrorist attacks
• Suitability of video surveillance for smart cities
• Expanding scope of video surveillance in commercial sector

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

• Issues related to privacy
• Security of surveillance data
• Infrastructural requirements

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Market Scope in Video Surveillance Market Research Report

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Research Analysis Overview

The Video Surveillance Market encompasses various components including PTZ Cameras, Dome Cameras, Bullet Cameras, Infrared Cameras, Panoramic Cameras, Multi-camera Systems, Security Lighting, Access Control Systems, Intercom Systems, Perimeter Intrusion Detection, Motion Sensing, Video Masking, Privacy Zones, Smart Home Security, Smart Building Security, Workplace Safety, Traffic Management, Crowd Control, Cybersecurity Threats, Data Breaches, Ransomware Attacks, Security Audits, Compliance Regulations, GDPR Compliance, Facial Recognition Ethics, Fog Computing, Video Streaming, Video Recording, Video Playback, Video Evidence Management, Video Analytics Applications, Behavioral Analytics, Predictive Analytics, Data Visualization, Incident Response Teams, Cybersecurity Training, Security Awareness, Risk Assessment, and Edge AI. These technologies offer features such as PTZ cameras for remote control, dome and bullet cameras for discreet monitoring, infrared cameras for low-light conditions, panoramic cameras for wide-angle views, multi-camera systems for comprehensive coverage, security lighting for improved visibility, access control and intercom systems for access management, perimeter intrusion detection for external security, motion sensing for automated response, video masking and privacy zones for confidentiality, smart home and building security for residential and commercial safety, workplace safety for occupational security, traffic management for transportation security, crowd control for public safety, cybersecurity threats and data breaches for digital security, ransomware attacks for data extortion prevention, security audits for vulnerability assessment, compliance regulations for legal adherence, GDPR compliance for European data protection, facial recognition ethics for privacy concerns, fog computing for decentralized processing, video streaming for real-time monitoring, video recording for evidence collection, video playback for review, video evidence management for organized storage, video analytics applications for advanced analysis, behavioral analytics for pattern recognition, predictive analytics for future forecasting, data visualization for data presentation, incident response teams for emergency handling, cybersecurity training for workforce education, security awareness for risk mitigation, risk assessment for potential hazard evaluation, and edge AI for localized processing.

Market Research Overview

The global electronic equipment and instruments market encompasses manufacturers of various ICT and electronics products, including IP cameras, CCTV systems, video analytics, surveillance software, access control, and facial recognition technology. According to Technavio, market size is determined by the revenue generated from the sales of these advanced electronic solutions. Key growth drivers for this market include the escalating demand for sophisticated test and measurement equipment. This demand is fueled by technological innovations and the digital transformation sweeping through industries such as semiconductors, automotive, IT, consumer electronics, industrial, energy, and medical devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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