South Korea Video Surveillance Market

South Korea Video Surveillance Industry to Grow at a CAGR 7.6% from 2022 to 2027

According to a research report "South Korea Video Surveillance Market by Offering (Hardware (Camera, Storage Device, Monitor), Software (Video Analytics, VMS), Service (VSaaS)), System (IP, Analog, Hybrid), Vertical and Geography (North America, Europe, APAC, RoW) - Global Forecast to 2027", published by MarketsandMarkets, South Korea Video Surveillance Industry to Grow at a CAGR 7.6% from 2022 to 2027

Advanced surveillance technologies for smart city projects to provide market opportunities

South Korea is experiencing a rise in security concerns, which has led to an increase in demand for video surveillance systems. The global video surveillance market is expanding rapidly, with the market for IP security solutions growing in the country, offering opportunities for video surveillance companies, as well as software and services providers. The use of wireless surveillance cameras integrated with artificial intelligence is becoming common for video monitoring and crime detection solutions.

South Korea Video Surveillance Market

The Electronics and Telecommunications Research Institute (ETRI), based in South Korea, is currently developing a real-time CCTV system that automatically analyzes the probability of a crime to prevent future incidents, indicating a positive outlook for the video surveillance industry. This presents a significant market size and share for video surveillance companies to deploy their systems, including intelligent solutions, across the country. The Ministry of Public Administration and Security of Korea's announcement of plans to build integrated CCTV monitoring centers across the country has already led to the installation of many additional surveillance cameras in several major cities, with additional plans for CCTV cameras to be installed in subway trains by 2022. This is expected to provide ample opportunities for video surveillance providers in the global video surveillance market.

The increasing demand for video surveillance cameras in South Korea, driven by heightened security concerns, is contributing to the growth of the global video surveillance market. The market for IP security solutions in South Korea is expanding rapidly, providing opportunities for video surveillance system manufacturers, software providers, and services players to increase their market share. According to statistics, the Asia-Pacific region is expected to have the highest growth rate for the video surveillance industry in the coming years. Wireless surveillance technology is becoming increasingly popular in South Korea, with surveillance cameras integrated with AI being used for video monitoring and crime detection solutions. This trend is expected to continue as the Electronics and Telecommunications Research Institute (ETRI) based in South Korea, is developing a real-time CCTV system that can automatically analyze the probability of a crime to prevent future incidents. As a result, this is expected to provide numerous opportunities to install and deploy video surveillance systems, including intelligent systems, across the country.

In addition, South Korea is deploying surveillance cameras in sectors such as healthcare to improve accountability in the healthcare sector. For instance, In 2022, South Korea announced that it is deploying surveillance cameras to restore public trust in hospitals after a scandal involving "ghost surgeries," in which doctors allowed unsupervised assistants to operate on patients. The country is increasing the number of cameras in operating rooms and other critical areas to monitor staff behavior and improve transparency. These factors are expected to have positive impact on the video surveillance market.

Don’t miss out on business opportunities in South Korea Video Surveillance Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

You may also intrested in :

China Video Surveillance Market
Germany Video Surveillance Market
UK Video Surveillance Market
Japan Video Surveillance Market
France Video Surveillance Market

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Video Surveillance Market Size,  Share & Growth Report
Report Code
SE 2873
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Video Surveillance Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets