Video Surveillance Market is expected to register exponential growth

According to the latest research report published by Market Data Forecast, the global video surveillance market size is predicted to reach USD 52.90 billion in 2024 and USD 106.40 billion by 2029, growing at a CAGR of 15% during the forecast period.

Video surveillance systems record videos and images for security purposes. Also, it can be shared over communication networks and can be compressed too. Moreover, digital VS systems are in high demand which are suitable for all environments.

Global Video Surveillance Market Report Scope:
• Market Size (2029): USD 106.40 Billion
• Market Size (2024): USD 52.90 Billion
• CAGR (2024 to 2029): 15%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Type, Component, End-user & Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Zhejiang Dehua Technology Co. Ltd, Honeywell Security Group, Cisco Systems Inc, Pelco Inc, Genetec Inc, Geovision, Panasonic System Networks Co. Ltd, Bosch Security Systems Inc, Canon Inc, Agent Video Intelligence, Axis Communications AB, HikVision Digital Technology Co. Ltd, and others.

Market Drivers:

The replacement of obsolete systems is driving the video surveillance market growth. The need for newer and better VSS has rapidly surged since COVID-19. This is because of increased demand from government authorities, ports, corporate houses, transportation infrastructure, education buildings, financial buildings and healthcare facilities. Everybody expects and wants to have a certain degree of security and surveillance systems in place.
In addition, manufacturers have realized the need for the best IP surveillance systems. This is due to the public sector's growing embrace of advanced monitoring. A CCTV system with intellectual property cameras has multiple benefits over analogue systems. Apart from this, Next-generation observation and monitoring devices are used by nations like the US and China to apprehend speeding drivers. Moreover, artificial intelligence has enabled the surveillance network to distinguish between cars based on even the smallest changes. The AI-enabled camera and monitoring system is a component of China's anti-corruption Sky Net operation. Its primary focus is to identify fugitives.
Furthermore, the shift towards IP cameras, the growing security incidents in sensitive areas and incorporation of IoT are all fueling the video surveillance market expansion.

Market Restraints:

The growth of the video surveillance market is hindered by the absence of professional expertise and costly investment. Moreover, data loss, corruption and theft are further hampering the industry expansion.
There is a significant increase in nations with strict privacy rules. This is done to control the use of video surveillance technologies, which makes companies take more responsibility for the data they collect. Also, cloud and remote-based video storage present considerable risks making it crucial to mitigate. For example, unauthorized access, leakage and theft. Worldwide more countries are passing legislation protecting privacy. The US's Federal Information Security Management Act (FISMA) and Europe's General Data Protection Regulation (GDPR) are the prominent ones in this. Therefore, enterprises are increasingly aware of data breaches and are choosing security solutions with utmost scrutiny. These issues will limit the market expansion.
Another factor decreasing the share of the video surveillance market is the requirement of large and sophisticated storage facilities and higher bandwidth. These are especially needed with the application of AI and modern analytics. Also, the high-definition cameras and long retention periods create a huge amount of data which requires such storage capacity.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/video-surveillance-market

Key Insights from The Report:
•Based on Component, the cameras segment led the market and accounted for a large share of the global market in 2023.
•Based on End-User, the Retail segment captured the largest share of the global market in 2023.
•Based on Type, IP-based is anticipated to dominate the market during the forecast period in 2023.
•Asia Pacific dominated the video surveillance market in 2023. North America accounted for the second-highest share of the global market in 2023, and the European region is estimated to grow over the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

By Type
•Introduction
•Analogue
•IP-based
•Others

By Component
•Equipment
•Comprising Recorders
•Encoders
•Screens
•Cameras

By End-User
•Corporate
•Residential
•Transportation
•Retail
•Hospitality
•Government
•Industrial
•Healthcare

By Region:
•North America
•Europe
•Asia-Pacific
•Middle East & Africa
•Latin America

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year, and Forecast Periods
1.4 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline

3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market

5. Market Segmentation
5.1 By Type
5.1.1 Introduction
5.1.2 Analogue
5.1.3 IP-based
5.1.4 Others
5.1.5 Y-o-Y Growth Analysis
5.1.6 Market Attractiveness Analysis
5.1.7 Market Share Analysis
5.2 By End-Use
5.2.1 Introduction
5.2.2 Corporate
5.2.3 Residential
5.2.4 Transportation
5.2.5 Retail
5.2.6 Hospitality
5.2.7 Government
5.2.8 Industrial and Healthcare
5.2.9 Y-o-Y Growth Analysis
5.2.10 Market Attractiveness Analysis
5.2.11 Market Share Analysis
5.3 By Component
5.3.1 Introduction
5.3.2 Hardware
5.3.3 Software
5.3.4 Services
5.3.5 Y-o-Y Growth Analysis
5.3.6 Market Attractiveness Analysis
5.3.7 Market Share Analysis

6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.3.4 By End-Use
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.4.4 By End-Use
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.1.5.4 By End-Use
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa

7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five Analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry

8. Market Leader Analysis
8.1 Zhejiang Dehua Technology Co. Ltd.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Honeywell Security Group
8.3 Cisco Systems Inc.
8.4 Pelco Inc.
8.5 Genetec Inc
8.6 Geovision
8.7 Panasonic System Networks Co. Ltd
8.8 Bosch Security Systems Inc
8.9 Canon Inc
8.10 Agent Video Intelligence

9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches

10. Market Outlook and Investment Opportunities

11. Appendix
a) List of Tables
b) List of Figures

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