Video Surveillance Market

Video Surveillance Market by Offering (Camera, Storage Devices, Monitors, AI-Based VMS, Non AI-Based VMS, Video Content Analysis, AI-Driven Video Analytics, VSaaS), System (IP, Analog, Hybrid), Resolution, Vertical and Region - Global Forecast to 2028

Report Code: SE 2873 Aug, 2023, by marketsandmarkets.com

 

Video surveillance market Overview

The global video surveillance market is expected to be valued at USD 53.7 billion in 2023 and is projected to reach USD 83.3 billion by 2028; it is expected to grow at a CAGR of 9.2% from 2023 to 2028.

Rising security concerns, increasing adoption of smart city initiatives, growing demand for business intelligence and analytics, and advancements in technology such as AI-powered video analytics. These factors collectively propel the expansion of the video surveillance market. Additionally, the need for remote monitoring and real-time access to surveillance feeds, along with regulatory requirements for enhanced security measures, contribute to the market growth. The integration of video surveillance with other systems like access control and IoT further amplifies its demand across various sectors.

Video Surveillance Market

Video Surveillance Market

Video Surveillance Market Forecast to 2028

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Video surveillance market dynamics

Driver: Deployment of AI-driven video analytics algorithms

The video surveillance market size has been gaining momentum, largely propelled by the widespread integration of artificial intelligence (AI) technology. Unlike traditional methods that rely on human operators to monitor and interpret video footage, which is prone to errors and time constraints, AI-driven video analytics algorithms leverage machine learning and computer vision techniques. These algorithms efficiently process vast amounts of video data, facilitating real-time identification of potential threats, object recognition, behavior analysis, and other sophisticated features. This automation of analysis leads to heightened precision and effectiveness in video surveillance operations. The escalating demand for advanced video analytics stems from the necessity for efficient and precise surveillance capabilities. AI-driven systems hold the potential to revolutionize intelligent security solutions.

Restraint: Video data privacy and security concerns

A growing number of countries and regions are enacting stricter privacy regulations to govern the use of video surveillance technology, compelling businesses to assume greater accountability for captured data. This becomes particularly significant in the context of remote or cloud-based video storage, where unauthorized access, leakage, or theft of recordings poses substantial risks. Globally, various jurisdictions are introducing privacy protection laws, exemplified by Europe's General Data Protection Regulation (GDPR) and the US's Federal Information Security Management Act (FISMA). As a result, organizations are becoming more conscious of the potential hazards related to data breaches and are exercising increased caution when selecting security solutions. These factors are projected to restrain the market's growth.

Opportunity: Increasing adoption of smart devices for remote monitoring

In recent years, there has been a substantial rise in internet usage and associated products, propelled by the widespread adoption of high-powered smartphones and tablets. This surge in computational capability has empowered end users to employ smart devices for remote access to surveillance data, enabling them to monitor locations from a distance. The popularity of mobile video surveillance, which facilitates wireless video streaming from mobile cameras to central control centers, has also grown. As users overseeing multiple business sites seek real-time and remote surveillance data access, the demand for such capabilities has significantly increased. This surge in smart device usage has opened up notable opportunities for remote video surveillance monitoring. Industry participants can enhance their market presence by delivering hardware and software solutions that enable efficient remote monitoring through smart devices.

Challenge: Need for high-capacity storage systems and increased bandwidth

As the video surveillance market evolves with the integration of AI and advanced analytics, the need for high-capacity storage systems and increased bandwidth presents a significant challenge. The exponential growth in the volume of video data generated by high-definition cameras and extended retention periods demands storage solutions. This challenge is exacerbated by the adoption of ultra-high-definition and 4K cameras, which generate even more data. Ensuring seamless video recording, retention, and retrieval requires investments in robust storage infrastructure. Similarly, transmitting this data in real-time for analysis and remote viewing necessitates higher bandwidth, posing infrastructure and cost challenges.

Video Surveillance Market Ecosystem

The video surveillance market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Knowles Hangzhou Hikvision Digital Technology Co., Ltd. from China, Zhejiang Dahua Technology Co., Ltd. from China, Axis Communications AB from Sweden, Bosch Security Systems, LLC from Germany and Zhejiang Uniview Technologies Co.,Ltd. from China.

Video Surveillance Market by Ecosystem

Video surveillance hardware is expected to hold the highest market share during the forecast period

The video surveillance hardware market for cameras is estimated to account for the largest share during the forecast period. Cameras are the most expensive hardware component in a video surveillance system. Cameras are also deployed in larger numbers compared to other hardware components. A system may have 10 IP cameras connected to a single network video recorder (NVR). The yearly fall in the prices of surveillance cameras has also resulted in increased adoption worldwide, which, in turn, has created significant demand for storage solutions. The high demand for storage devices can also be attributed to the greater adoption of IP cameras. IP cameras record videos at higher resolutions and framerate. Some cameras simultaneously record sound alongside the video. These factors have increased the storage requirements; hence, storage devices are projected to grow at the highest CAGR during the forecast period.

Based on system, the IP video surveillances systems to hold the highest market share during the forecast period

The trend of transitioning from analog to digital systems in video surveillance has gained momentum in recent years. IP cameras play a pivotal role in this shift by capturing analog content and swiftly converting it into digital data. Powered through Power-over-Ethernet (PoE) adapters and switches, these cameras transmit digital video streams via Ethernet cables over LAN. The Network Video Recorder (NVR) compresses and stores the video stream on hard drives for later retrieval, while monitors facilitate real-time monitoring. Leveraging routers and modems, the data can be transmitted online, accessible through various devices. The growth of IP video surveillance is propelled by factors like high-definition quality, remote access, integration with AI analytics, and a range of encoding techniques and network protocols employed by video management software, offering enhanced security and actionable insights.

Commercial vertical for video surveillance market to hold the highest market share

The commercial sector, encompassing diverse spaces like enterprises, data centers, banking facilities, hospitality centers, retail establishments, and warehouses, stands as the dominant segment in the video surveillance market. The surge in demand for video surveillance systems within the retail domain propels this segment's expansion. Foremost among these is the retail store and mall category, projected to capture the largest market share and exhibit the highest growth rate during the forecast period. The imperative for heightened security in retail environments due to threats like theft, product diversion, and vandalism drives this growth, alongside the necessity to overcome physical surveillance limitations in expansive areas. Moreover, the proliferation of retail establishments in urban centers across developed and developing economies further accelerates the market's momentum within this commercial vertical.

Video surveillance market in Asia Pacific to hold the highest CAGR during the forecast period

The Asia Pacific region has emerged as a significant growth contributor to the global video surveillance market, driven by factors such as rapid urbanization, increasing security concerns, and technological advancements. With countries like China, India, and Japan at the forefront, the region's expanding infrastructure, surging investments in smart city initiatives, and rising demand for enhanced surveillance solutions across various sectors have fueled the market's growth. Additionally, the adoption of advanced technologies such as AI-powered analytics and IoT integration further bolsters expansion of the video surveillance market in the Asia Pacific region. The increasing prevalence of cybercrimes has fostered demand for advanced surveillance systems, encouraging the adoption of cutting-edge technologies like facial recognition and video analytics. Moreover, the region's robust manufacturing capabilities and the presence of key market players have facilitated the development of innovative solutions, further boosting the revenue growth of video surveillance market in the Asia Pacific.

Video Surveillance Market by Region

Video Surveillance Market by Region

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Key Market Players

 The video surveillance companies is dominated by players such as Hangzhou Hikvision Digital Technology Co., Ltd. (China), Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Bosch Security Systems, LLC (Germany), Zhejiang Uniview Technologies Co.,Ltd. (China), and others.

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Scope of the Report

Report Metric

Details

Estimated Value USD 53.7 billion in 2023
Projected Value USD 83.3 billion by 2028
Growth Rate CAGR of 9.2% 

Market size available for years

2019-2028

Base year considered

2022

Forecast period

2023-2028

Forecast units

Value (USD Million/Billion)

Segments Covered

By Offering, By System, By Vertical

Geographies covered

North America, Europe, Asia Pacific, and RoW

Companies covered

The major market players include Hangzhou Hikvision Digital Technology Co., Ltd. (China), Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Bosch Security Systems, LLC (Germany), Zhejiang Uniview Technologies Co.,Ltd. (China), Avigilon Corporation (Motorola Solutions, Inc.) (Canada), (Total of 25 players are profiled)

Video Surveillance Market Highlights

The study categorizes the video surveillance market based on the following segments:

Segment

Subsegment

By Offering

  • Hardware
    • Cameras
      • Different Camera Components
        • Image sensors
        • CMOS
        • CCD
        • Lenses
        • Fixed
        • Varifocal
        • Image processing circuitry
      • Cameras market, By Type
        • Analog cameras
        • IP cameras
      • Cameras market, By Connectivity
        • Wired
        • Wireless
      • Cameras market, By Form Factor
        • Dome
        • PTZ
        • Box & Bullet
        • Panoramic, Fisheye, and Body-Worn
      • Cameras market, By Resolution
        • 0.3-1 megapixel
        • 1.1-2.9 megapixel
        • 3.0-5 megapixel
        • >5 megapixel
      • Cameras market, By Channel Partner
        • Distributors
        • Direct to Installers or System Integrators
        • Direct to End-Users
    • Monitors
      • Monitors market, By Screen Size
        • Up to 20 inches
        • More than 20 inches
    • Storage Devices
      • Storage devices market, By Type
        • Digital video recorders (DVRs)
        • Network video recorders
        • Hybrid video recorders
        • IP storage area network
        • Direct-attached storage devices
        • Network-attached storage devices
    • Accessories
      • Cables
      • Encoders
  • Software
    • Video Management Software
      • Non-AI-Based VMS
      • AI-Based VMS
    • Video Analytics
      • Video Content Analysis (VCA)
      • AI-Driven Video Analytics
        • AI-Driven Video Analytics, By Type
          • Analytics at the Edge
          • Analytics at the Server
        • AI-Driven Video Analytics, By Use Cases
          • Gun Detection
          • Industrial Temperature Monitoring
          • Anomaly detection and Behavior Recognition
          • Facial recognition/Person search
          • Object detection and tracking
          • Intrusion detection and perimeter protection
          • Smoke and Fire Detection
          • Traffic Flow Analysis and Accident Detection
          • False alarm filtering
          • Parking Monitoring
          • Vehicle Identification and Numberplate Recognition
    • Software market, By Deployment Mode
      • On-premises
      • Cloud
  • Service
    • Video Surveillance-As-A-Service (VSaaS)
      • VSaaS market, By Technology
        • Video Analytics-As-a-Service (VAaaS)
        • AI-Powered Video Analytics-As-a-Service (AIVAaaS)
      • VSaaS market, By Type
        • Hosted
        • Managed
        • Hybrid
    • Installation & Maintenance Services

By System

  • IP Video Surveillance Systems
  • Analog Video Surveillance Systems
  • Hybrid Video Surveillance Systems

By Vertical

  • Commercial
    • Retail Stores & Malls
    • Enterprises & Data Centers
    • Banking & Finance Buildings
    • Hospitality Centers
    • Warehouses
  • Infrastructure
    • Transportation
    • City Surveillance
    • Public Places
    • Utilities
  • Military & Defense
    • Prison & Correctional Facilities
    • Border Surveillance
    • Coastal Surveillance
    • Law Enforcement
  • Residential
  • Public Facility
    • Healthcare Buildings
    • Educational Buildings
    • Government Buildings
    • Religious Buildings
  • Industrial
    • Factory/Manufacturing facility
    • Construction site

By Region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Recent Developments

  • In June 2023, Hanwha Vision launched SolidEDGE, the first true serverless camera system with onboard SSD storage and embedded WAVE VMS server, providing efficient, scalable, and cost-effective surveillance solutions with remote access, multi-camera recording, and easy system management for organizations of all sizes. Available in two models with up to 2TB storage capacity, it allows easy customization and growth of surveillance systems based on specific needs.
  • In May 2023, Dahua Technology launched the AcuPick video search technology to help users locate target videos accurately and conveniently. Powered by front-end and back-end AI innovations, the product offers quick search, easy operation, and high accuracy, leading to technological breakthroughs in the industry.
  • In April 2023, Bosch Security Systems, LLC launched Intelligent Video Analytics Pro (IVA Pro), a cutting-edge AI-based software for their video surveillance cameras. Tailored for specific applications, IVA Pro delivers valuable insights to improve efficiency, security, and safety. The software includes IVA Pro Buildings, IVA Pro Perimeter, IVA Pro Traffic, and IVA Pro Intelligent Tracking, offering reliable detection, classification, and tracking of objects to enhance building security, traffic monitoring, and perimeter security.
  • In September 2022, Teledyne FLIR released the Neutrino LC CZ 15-300, the latest Neutrino IS series model of MWIR camera modules with integrated continuous zoom lenses, offering high-performance 640x512 HD MWIR imagery, 15 mm to 300 mm CZ capability, and ITAR-free benefits for airborne, unmanned, C-UAS, security, ISR, and targeting applications, providing rapid integration, reliability, and reduced cost of ownership with an industry-leading two-year warranty.
  • In September 2022, Hikvision announced new additions to its Pro series PTZ cameras, including integrating ColorVu technology in this range. With ColorVu, the company’s new Pro series cameras can provide consistent image brightness and full-color imaging as the camera zooms in and out. This ensures crystal-clear details and vivid color for distant objects at all times and in all conditions.

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TABLE OF CONTENTS
 
1 Introduction            
    1.1. Study Objectives  
    1.2. Market Definition and Scope 
           1.2.1. Inclusions and Exclusions
    1.3. Study Scope 
           1.3.1. Markets Covered
           1.3.2. Geographic Segmentation
           1.3.3. Years Considered for the study
    1.4. Currency 
    1.5. Limitations 
    1.6. Stakeholders 
    1.7. Summary of Changes 
    1.8. Impact of Recession 
 
2 Research Methodology            
    2.1. Research Data 
           2.1.1. Secondary Data
                    2.1.1.1. Major Secondary Sources
                    2.1.1.2. Key Data from Secondary Sources
           2.1.2. Primary Data
                    2.1.2.1. Primary Interviews with Experts
                    2.1.2.2. Key Data from Primary Sources
                    2.1.2.3. Key Industry Insights
                    2.1.2.4. Breakdown of Primaries
    2.2. Market Size Estimation 
           2.2.1. Bottom-Up Approach 
                    2.2.1.1. Approach for Capturing Market Share by Bottom-Up Analysis (Demand Side)
           2.2.2.  Top-Down Approach
                    2.2.2.1. Approach for Capturing Market Share by Top-Down Analysis (Supply Side)
    2.3. Market Breakdown and Data Triangulation 
    2.4. Research Assumptions 
    2.5. Risk Assessment 
    2.6. Assumptions of Recession 
    2.7. Limitations of Research 
 
3 Executive Summary            
 
4 Premium Insights            
 
5 Market Overview            
    5.1. Introduction 
    5.2. Market Dynamics 
           5.2.1. Drivers
           5.2.2. Restraints
           5.2.3. Opportunities 
           5.2.4. Challenges 
    5.3. Value Chain Analysis 
    5.4. Ecosystem Analysis 
    5.5. Technology Analysis 
    5.6. Patent Analysis 
    5.7. Case Study Analysis 
    5.8. Trends Impacting Businesses of Market Players and Raw Material Suppliers 
    5.9. Trade Analysis 
    5.10. Porters Five Force Analysis 
           5.10.1. Threat from New Entrants
           5.10.2. Threat of Substitutes
           5.10.3. Bargaining Power of Suppliers
           5.10.4. Bargaining Power of Buyers
           5.10.5. Intensity of Competitive Rivalry
    5.11. Tariff and Regulatory Landscape 
           5.11.1. Regulatory Bodies, Government Agencies, and Other Organizations
    5.12. Key Stakeholders and Buying Criteria 
           5.12.1. Key Stakeholders in Buying Process
           5.12.2. Buying Criteria
    5.13. Average Selling Price Analysis 
           5.13.1. Average Selling Price Trend of Key Players, By Vertical
           5.13.2. Average Selling Price Trends, By Region
    5.14. Key Conferences and Events (2023-2025) 
 
6 Video Surveillance Market, By Offering            
    6.1. Introduction 
    6.2. Hardware 
           6.2.1.  Cameras
                    6.2.1.1. Different Camera Components
                               6.2.1.1.1. Image sensors
                                             6.2.1.1.1.1. CMOS
                                             6.2.1.1.1.2. CCD
                               6.2.1.1.2. Lenses
                                             6.2.1.1.2.1. Fixed
                                             6.2.1.1.2.2. Varifocal
                               6.2.1.1.3. Image processing circuitry
                    6.2.1.2. Cameras market, By Type
                               6.2.1.2.1. Analog cameras
                               6.2.1.2.2. IP cameras
                    6.2.1.3. Cameras market, By Connectivity
                               6.2.1.3.1. Wired
                               6.2.1.3.2. Wireless
                    6.2.1.4. Cameras market, By Form Factor
                               6.2.1.4.1. Dome
                               6.2.1.4.2. PTZ
                               6.2.1.4.3. Box & Bullet
                               6.2.1.4.4. Panoramic, Fisheye, and Body-Worn
                    6.2.1.5. Cameras market, By Resolution
                               6.2.1.5.1. 0.3-1 megapixel
                               6.2.1.5.2. 1.1-2.9 megapixel
                               6.2.1.5.3. 3.0-5 megapixel
                               6.2.1.5.4. >5 megapixel
                    6.2.1.6. Cameras market, By Channel Partner
                               6.2.1.6.1. Distributors
                               6.2.1.6.2. Direct to Installers or System Integrators
                               6.2.1.6.3. Direct to End-Users
           6.2.2. Monitors
                    6.2.2.1. Monitors market, By Screen Size
                               6.2.2.1.1. Up to 20 inches
                               6.2.2.1.2. More than 20 inches
           6.2.3. Storage Devices
                    6.2.3.1. Storage devices market, By Type
                               6.2.3.1.1. Digital video recorders (DVRs)
                               6.2.3.1.2. Network video recorders
                               6.2.3.1.3. Hybrid video recorders
                               6.2.3.1.4. IP storage area network
                               6.2.3.1.5. Direct-attached storage devices
                               6.2.3.1.6. Network-attached storage devices
           6.2.4. Accessories
                    6.2.4.1. Cables
                    6.2.4.2. Encoders
    6.3. Software 
           6.3.1. Software market, By Type
                    6.3.1.1. Video Management Software
                               6.3.1.1.1. Non-AI-Based VMS Software
                               6.3.1.1.2. AI-Based VMS Software
                    6.3.1.2. Video Analytics
                               6.3.1.2.1. Video Content Analysis (VCA)
                               6.3.1.2.2. AI-Driven Video Analytics
                                             6.3.1.2.2.1. AI-Driven Video Analytics, By Type
                                                              6.3.1.2.2.1.1. Analytics at the Edge
                                                              6.3.1.2.2.1.2. Analytics at the Server
                                             6.3.1.2.2.2. AI-Driven Video Analytics, By Use Cases
                                                              6.3.1.2.2.2.1. Gun Detection
                                                              6.3.1.2.2.2.2. Industrial Temperature Monitoring
                                                              6.3.1.2.2.2.3. Anomaly detection and Behavior Recognition
                                                              6.3.1.2.2.2.4. Facial recognition/Person search
                                                              6.3.1.2.2.2.5. Object detection and tracking
                                                              6.3.1.2.2.2.6. Intrusion detection and perimeter protection
                                                              6.3.1.2.2.2.7. Smoke and Fire Detection
                                                              6.3.1.2.2.2.8. Traffic Flow Analysis and Accident Detection
                                                              6.3.1.2.2.2.9. False alarm filtering
                                                              6.3.1.2.2.2.10. Parking Monitoring
                                                              6.3.1.2.2.2.11. Vehicle Identification and Numberplate Recognition
           6.3.2. Software market, By Deployment Mode
                    6.3.2.1. On-premises
                    6.3.2.2. Cloud
    6.4. Service 
           6.4.1. Video Surveillance-As-A-Service (VSaaS)
                    6.4.1.1. VSaaS market, By Technology
                               6.4.1.1.1. Video Analytics-As-a-Service (VAaaS)
                               6.4.1.1.2. AI-Powered Video Analytics-As-a-Service (AIVAaaS)
                    6.4.1.2. VSaaS market, By Type
                               6.4.1.2.1. Hosted
                               6.4.1.2.2. Managed
                               6.4.1.2.3. Hybrid
           6.4.2. Installation & Maintenance Services
 
7 Video Surveillance Market, By System            
    7.1. Introduction 
    7.2. Analog Video Surveillance Systems 
    7.3. IP Video Surveillance Systems 
    7.4. Hybrid Video Surveillance Systems 
 
8 Video Surveillance Market, By Vertical            
    8.1. Introduction 
    8.2. Commercial 
           8.2.1. Retail Stores & Malls
           8.2.2. Enterprises & Data Centers
           8.2.3. Banking & Finance Buildings
           8.2.4. Hospitality Centers
           8.2.5. Warehouses
    8.3. Infrastructure 
           8.3.1. Transportation
           8.3.2. City Surveillance
           8.3.3. Public Places
           8.3.4. Utilities
    8.4. Military & Defense 
           8.4.1. Prison & Correctional Facilities
           8.4.2. Border Surveillance
           8.4.3. Coastal Surveillance
           8.4.4. Law Enforcement
    8.5. Residential 
    8.6. Public Facility 
           8.6.1. Healthcare Buildings
           8.6.2. Educational Buildings
           8.6.3. Government Buildings
           8.6.4. Religious Buildings
    8.7. Industrial 
           8.7.1. Factory/Manufacturing facility
           8.7.2. Construction site
 
9 Video Surveillance Market, By Region             
    9.1. Introduction 
    9.2. North America 
           9.2.1. Impact of Recession
           9.2.2. US
           9.2.3. Canada
           9.2.4. Mexico
    9.3. Europe 
           9.3.1. Impact of Recession
           9.3.2. UK
           9.3.3. Germany
           9.3.4. France
           9.3.5. Italy
           9.3.6. Rest of Europe
    9.4. Asia Pacific 
           9.4.1. Impact of Recession
           9.4.2. China
           9.4.3. Japan
           9.4.4. India
           9.4.5. South Korea
           9.4.6. Rest of Asia Pacific
    9.5. RoW 
           9.5.1. Impact of Recession
           9.5.2. South America
           9.5.3. Middle East & Africa
 
10 Video Surveillance Market, Competitive Landscape            
     10.1. Market Evaluation Framework 
     10.2. Market Share Analysis, 2023 
     10.3. Five-Year Company Revenue Analysis 
     10.4. Company Evaluation Matrix 
             10.4.1. Stars
             10.4.2. Emerging Leaders
             10.4.3. Pervasive Players
             10.4.4. Participants
     10.5. Startups/SME Evaluation Matrix 
             10.5.1. Progressive Companies
             10.5.2. Responsive Companies
             10.5.3. Dynamic Companies
             10.5.4. Starting Blocks
     10.6. Competitive Benchmarking 
     10.7. Company Footprint 
     10.8. Competitive Situation and Trends 
 
11 Video Surveillance Market, Company Profiles             
     11.1. Key Players 
             11.1.1. Hangzhou Hikvision Digital Technology Co., Ltd.
             11.1.2. Zhejiang Dahua Technology Co., Ltd.
             11.1.3. Axis Communications AB
             11.1.4. Bosch Security Systems, LLC
             11.1.5. Hanwha Vision Co., Ltd.
             11.1.6. Avigilon Corporation
             11.1.7. Teledyne Technologies Incorporated
             11.1.8. Honeywell International Inc.
             11.1.9. Panasonic Holdings Corporation
             11.1.10. Pelco
             11.1.11. Zhejiang Uniview Technologies Co.,Ltd.
     11.2. Other Players 
             11.2.1. Agent Video Intelligence Ltd.
             11.2.2. CP PLUS International
             11.2.3. Genetec Inc.
             11.2.4. Huawei Technologies Co., Ltd.
             11.2.5. NEC Corporation
             11.2.6. NICE
             11.2.7. Hexagon AB
             11.2.8. Tiandy Technologies Co., Ltd.
             11.2.9. VIVOTEK Inc.
             11.2.10. MOBOTIX AG
             11.2.11. Morphean SA
             11.2.12. Verkada Inc.
             11.2.13. Camcloud
             11.2.14. Ivideo
 
12 Appendix            
     12.1. Discussion Guide 
     12.2. Knowledge Store: MarketsandMarkets’ Subscription Portal 
     12.3. Available Customizations 
     12.4. Related Reports 
     12.5. Author Details 
Note: The current table of contents is tentative and is subject to change as we progress with our research.   
 

The study involved four major activities in estimating the current size of the video surveillance market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

List of major secondary sources

Source

Web Link

International Security Industry Organization (ISIO)

https://www.intsi.org/

Security Industry Association (SIA)

https://www.securityindustry.org/

Video Electronics Standards Association (VESA)

https://vesa.org/

Open Security & Safety Alliance (OSSA)

https://www.opensecurityandsafetyalliance.org/

American Association of Artificial Intelligence (AAAI)

https://aaai.org/

International Association of Public Transport (UITP)

https://www.uitp.org/

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the video surveillance market through secondary research. Several primary interviews were conducted with experts from both the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

Video Surveillance Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been used, along with several data triangulation methods, to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.

Bottom-Up Approach

The bottom-up approach was used to arrive at the overall size of the video surveillance market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.

  • Identifying the entities in the Video surveillance market influencing the entire market, along with the related component players
  • Analyzing major manufacturers of video surveillance systems, studying their portfolios, and understanding different types of products based on features and functions
  • Analyzing trends pertaining to the usage of video surveillance offerings, such as hardware, software, and services
  • Tracking the ongoing and upcoming developments in the market, such as investments made, R&D activities, product launches, collaborations, and partnerships, and forecasting the market size based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to understand the different types of video surveillance systems; and offerings, vertical, and recent trends in the market, analyzing the breakup of the scope of work carried out by major manufacturing companies
  • Arriving at the market estimates by analyzing segment revenues of these companies generated by video surveillance offerings and then combining the same to get the market estimate by different segments
  • Verifying and cross-checking the estimate at every level by discussing with key opinion leaders, such as Chief Experience Officers (CXOs), directors, and operations managers, and finally with the domain experts at MarketsandMarkets
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, Factiva, and databases

Video Surveillance Market Size, and Bottom-Up Approach

Top-Down Approach

In the top-down approach, the overall market size has been used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.

The most appropriate immediate parent market size has been used to implement the top-down approach to calculate the market size of specific segments. The top-down approach has been implemented for the data extracted from the secondary research to validate the market size obtained.

Each company’s market share has been estimated to verify the revenue shares used earlier in the top-down approach. This study has determined and confirmed the overall parent market and individual market sizes by the data triangulation method and data validation through primaries. The data triangulation method in this study is explained in the next section.

  • Focusing on top-line investments and expenditures being made in the ecosystems of various verticals, listing key developments, analyzing updated technology in the marketplace, and evaluating the market by further splitting it into different technology
  • Building and developing the information related to the market revenue generated by key video surveillance tools manufacturers
  • Conducting multiple on-field discussions with the key opinion leaders involved in the development of video surveillance products in various verticals
  • Estimating geographic splits using secondary sources based on various factors, such as the number of players in a specific country and region, the offerings of video surveillance, and the level of solutions offered in different verticals
  • The impact of the recession on the steps mentioned above.

Video Surveillance Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The data triangulation procedure has been employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.

Market Definition

Video surveillance systems use video cameras to monitor the behavior and activities of people to influence, manage, direct, or protect them. These systems are also used for monitoring facilities or places from a distance. Video surveillance is a beneficial and economical method to ensure the security of people, buildings, and valuables. The video surveillance market encompasses developing, producing, and distributing technologies to capture, analyze, and monitor visual data to enhance security and situational awareness. This market includes products, such as surveillance cameras, video management systems, analytics software, and storage solutions, serving sectors from public safety to retail. Video surveillance systems provide real-time or recorded data for incident prevention, detection, and investigation, optimizing operations.

Key Stakeholders

  • Raw material vendors
  • Component (image sensor, lens, and module) providers
  • Software providers
  • Video surveillance cameras and other hardware manufacturers
  • Original equipment manufacturers (OEMs)
  • Video surveillance system integrators
  • Service providers
  • Technology standards organizations, forums, alliances, and associations
  • Governments, financial institutions, and investment communities
  • Research organizations
  • Analysts and strategic business planners
  • Venture capitalists, private equity firms, and startup companies
  • Distributors
  • End users from verticals, such as infrastructure, commercial, institutional, industrial, and residential

Report Objectives

  • To describe and forecast the video surveillance market in terms of value based on offering, system, and vertical
  • To define and forecast the market size, in terms of value, with regard to four main regions: North America, Europe, Asia Pacific, and RoW
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed overview of the supply chain of the video surveillance ecosystem
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities for various stakeholders by identifying high-growth segments of the market
  • To benchmark players within the market using the proprietary Competitive Leadership Mapping framework, which analyzes market players on different parameters within the broad categories of business strategy excellence and strength of product portfolio
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape of the market
  • To analyze competitive developments, such as acquisitions, product launches, developments, expansions, partnerships, and acquisitions, in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of the video surveillance market

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the video surveillance market.
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Published ON
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