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. Market participants have adeptly addressed rising video surveillance demands in diverse industries, extending their global reach through strategic growth approaches like introducing new products, acquiring assets, forging partnerships, fostering collaborations, establishing alliances, and expanding their operations.
Key players operating in the video surveillance market are Hangzhou Hikvision Digital Technology Co., Ltd. (China), Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Bosch Security Systems, LLC (Germany), Hanwha Vision Co., Ltd. (South Korea), Avigilon Corporation (Motorola Solutions, Inc.) (Canada), Teledyne Technologies Incorporated (US), Honeywell International Inc. (US), i-PRO Co., Ltd. (Japan), Huawei Technologies Co., Ltd. (China), Zhejiang Uniview Technologies Co.,Ltd. (China), Agent Video Intelligence Ltd. (US), CP PLUS International (India), Genetec Inc. (Canada), Corsight AI (Israel), NEC Corporation (Japan), NICE SYSTEMS (Israel), Hexagon AB (Qognify) (Sweden), Tiandy Technologies Co., Ltd. (China), VIVOTEK Inc. (Taiwan), MOBOTIX AG (Germany), Morphean SA (Switzerland), Verkada Inc. (US), Camcloud (Canada), Ivideo (US)
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Hangzhou Hikvision Digital Technology Co., Ltd. (China)
Hangzhou Hikvision Digital Technology Co., Ltd. (Hikvision), a prominent global player, specializes in video surveillance solutions. Renowned for innovative CCTV and surveillance products, the company's offerings span security, visual management, video content, and big data services. Operating through a single segment catering to diverse markets including public security, transportation, education, and more, Hikvision delivers professional and tailored intelligent visual management solutions. Leveraging advanced AI technology, the company extends its product portfolio into smart homes, industrial automation, and automotive electronics, further enhancing safety management and business intelligence capabilities for end-users.
Zhejiang Dahua Technology Co., Ltd. (China)
Zhejiang Dahua Technology Co., Ltd. stands as a leading provider of video-centric smart IoT solutions, prominently specializing in video surveillance technology. Alongside its established ventures in machine vision, video conferencing, professional drones, electronic license plates, RFID, and robotics, the company operates under a single segment, the Video IoT Industry. With a focus on security and surveillance, it offers advanced front-end and back-end control systems, intelligent transportation solutions, and tailored services. These comprehensive offerings cater to a spectrum of industries, including public security, finance, transportation, energy, and communications.
Axis Communications AB (Sweden)
Axis Communications AB, one of the prominent market leader, specializes in video surveillance and access control solutions. Operating under the umbrella of the Japanese multinational Canon, Axis Communications remains an independent entity, continuously focusing on innovation to uphold its leadership. The company operates through two business segments, Video and Others, offering an array of network cameras, video encoders, recorders, management software, and system devices for the video surveillance market. These products cater to diverse applications in sectors such as retail, banking, transportation, government, and healthcare.
Bosch Security Systems, LLC (Germany)
Bosch Security Systems, LLC, a subsidiary of Robert Bosch GmbH in Germany, is a renowned supplier of security equipment with a global reach. The company's comprehensive offerings encompass video surveillance, intrusion and fire detection, access control, public address, conference systems, and more. Their video surveillance solutions are notable for integrating AI, while a diverse portfolio of fixed, moving, and specialized cameras caters to varied needs in sectors like airports, healthcare, government, manufacturing, and retail. Bosch Security Systems has established a strong presence in providing holistic security solutions worldwide.
Zhejiang Uniview Technologies Co.,Ltd. (China)
Zhejiang Uniview Technologies Co., Ltd. is one of the prominent player in the professional video surveillance and security solutions sector. Renowned for its IP cameras, NVRs, and video management software, the company is dedicated to research and innovation. With a global reach spanning over 180 countries, Uniview's offerings are esteemed for advanced features, user-friendly interfaces, and dependable performance. Their strong emphasis on quality has solidified their reputation as a trusted provider of video surveillance solutions for a diverse range of industries, governments, and organizations worldwide.
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
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