Global Video Surveillance Systems Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Video Surveillance Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global video surveillance systems market report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global video surveillance systems market size reached US$ 57.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 135.2 Billion by 2028, exhibiting a growth rate (CAGR) of 14.8% during 2023-2028.

Video surveillance systems, commonly referred to as closed-circuit television (CCTV) systems, provide extensive security solutions for continuous monitoring and recording of activities in diverse settings. These systems encompass various elements, with a primary focus on capturing real-time visual data from specific areas. They are available in several types, including analog, internet protocol (IP)-based, and wireless systems, each offering unique features tailored to specific needs. Equipped with advanced technologies like high-resolution cameras, digital video recorders (DVRs), and network components, these systems offer numerous advantages. They can deter criminal activities, reduce theft and vandalism, and boost employee productivity in a business environment. Video surveillance systems play a vital role in enhancing security and safety across various domains, such as residential, commercial, and public spaces. They are commonly deployed in supermarkets and retail stores to prevent shoplifting.

Global Video Surveillance Systems Market Trends and Drivers:

Currently, heightened awareness regarding the advantages of video surveillance in augmenting public safety at airports, public transportation hubs, and crowded gatherings stands as a pivotal driver propelling market expansion. Furthermore, the growing integration of artificial intelligence (AI) and machine learning (ML) algorithms within video surveillance systems to deliver advanced analytics like predictive maintenance, crowd analysis, and object recognition is fortifying market growth. Additionally, ongoing technological advancements, including facial recognition and motion detection, are enhancing the efficiency and versatility of video surveillance systems. Moreover, the increasing adoption of advanced video surveillance systems by national and international border security agencies to bolster border monitoring and threat detection is further fueling market growth. The rising utilization of video surveillance in healthcare settings for patient monitoring and security is also contributing to market expansion. Furthermore, the growing deployment of video surveillance in factories and manufacturing units to monitor production lines and ensure workplace safety is creating a favorable market outlook. Notably, the increasing incorporation of video surveillance systems in traffic management for accident detection, traffic flow management, and enforcement of traffic regulations is playing a significant role in boosting market growth.

Global Video Surveillance Systems Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Axis Communications AB (Canon Inc.), Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH), Eagle Eye Networks Inc., Hangzhou Hikvision Digital Technology Company Limited, Honeywell International Inc., Infinova Corporation, Panasonic Corporation, Qognify Inc., Samsung Electronics Co. Ltd., Schneider Electric SE, Sony Group Corporation and Zhejiang Dahua Technology Co. Ltd.

The report segmented the market on the basis of region, system type, component, application, enterprise size and customer type.

Breakup by System Type:

• Analog Surveillance
• IP Surveillance
• Hybrid Surveillance

Breakup by Component:

• Hardware
• Software
• Services

Breakup by Application:

• Commercial
• Military and Defense
• Infrastructure
• Residential
• Others

Breakup by Enterprise Size:

• Small Scale Enterprise
• Medium Scale Enterprise
• Large Scale Enterprise

Breakup by Customer Type:

• B2B
• B2C

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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