Global Video Surveillance Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented by Component (Hardware, Software, Services), Type (Analogue, IP-based), End-Use (corporate, residential, transportation, retail, hospitality, government, industrial and healthcare), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Updated On: January, 2024
ID: 8909
Pages: 150

Global Video Surveillance Market Size (2024 to 2029)

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.

Current Scenario of the Global Video Surveillance Market

Monitoring has become essential with increasing crime and terrorist activities around the world. This results in remote surveillance using electronic equipment such as closed-circuit television (CCTV) or interception of electronically transmitted data, such as Internet traffic. It may also involve simple technical approaches, such as human intelligence gathering and postal interception.


The security camera system monitors and records people's behavior and activities. These systems are being rapidly deployed in airports, schools, office buildings, public places, etc. Governments in different countries have been mandated to implement surveillance systems to protect public places and critical infrastructure due to an increasing focus on security issues. This is a significant driver of the Market.

Video Surveillance-as-a-Service is a web-based service that allows users to remotely store, track, capture, play, and monitor surveillance footage directly on cloud or secure servers. The benefits of such functions include cost-effectiveness, easy access to data, secure data storage, and high reliability, among many others. This is another significant driver of the global market.


Security cameras are used for various reasons, such as fraud prevention and overall security. Nevertheless, they are often seen as a violation of privacy and are protested by several civil rights organizations and activists. There have been concerns about who watches the video and how it might be used or misused because people expect their personal information to be used solely for legitimate and specific purposes.




Market Size Available

2023 to 2029

Base Year


Forecast Period

2024 to 2029



Segments Covered

By Type, Component, End-user & Region


Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa



Market Leaders 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.



Global Video Surveillance Market Analysis By Component

Based on the Component, the demand for surveillance cameras is expected to experience high growth, which can be due to increasing sales of IP cameras with built-in recorders.  The Services Sub-Segment comprises mixed, controlled, and hosted services. Technological innovation, such as increasing the storage capacity of petabytes (PBs) and reducing the cost of processing surveillance data, is expected to drive demand for the Video Surveillance Market.

Global Video Surveillance Market Analysis By End-User

Based on the End-Use, Retail, and transport are projected to be the largest markets in the forecast period. This is primarily due to the increasing demand for cloud services and growing awareness of the management of applications for video surveillance. Home offices and residential and commercial real estate projects are expected to adopt VSaaS services in conjunction with the banking sector. Decreasing IT costs, the need for centralized data & application management, and technological advancement in high-resolution video and imaging analytics are expected to drive the video surveillance business.


Based on the Region, the use of security cameras is expected to increase in APAC countries, as these are emerging economies with an increasing number of manufacturing bases, and terrorist attacks are a strong possibility. In addition, the demand for video surveillance is projected to increase in this region due to increased security concerns in countries like India and China.


  1. Zhejiang Dehua Technology Co. Ltd

  2.  Honeywell Security Group

  3. Cisco Systems Inc

  4.  Pelco Inc

  5.  Genetec Inc

  6.  Geovision

  7. Panasonic System Networks Co. Ltd

  8.  Bosch Security Systems Inc

  9. Canon Inc

  10.  Agent Video Intelligence

  11.  Axis Communications AB

  12. HikVision Digital Technology Co. Ltd


  • In July of 2019, Bosch partnered with Drone Shield Ltd, a supplier of security and safety solutions. Through this collaboration, Drone Shield is likely to offer an integrated drone detection and avoidance program, with Drone Shield's solutions combined with Bosch's video surveillance devices.

  • In January 2018, the US government installed 250 surveillance cameras in New Orleans (US) for the carnival season to control crime. The New York Police Department installed hundreds of additional surveillance cameras on highways and other public places to reduce traffic violations and violence.

  • BS/2, a Lithuanian banking technology company, and Vision Labs announced a strategic contactless recognition alliance to help companies significantly increase safety and avoid risks associated with illegal or unauthorized activities while running self-service terminals, making ATM eye. iQ is a full-scale, self-service video monitoring and fraud prevention program.


This research report on the global video surveillance market has been segmented and sub-segmented based on the type, component, End-user, and region.

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 (APAC)

  • Latin America & Middle East Africa

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Frequently Asked Questions

How are advancements in technology impacting the global video surveillance market?

Technological advancements such as AI-based video analytics, cloud-based storage solutions, high-definition and 4K cameras, and IoT integration are revolutionizing the video surveillance industry, enhancing security capabilities and improving operational efficiency.

What are the major challenges faced by the global video surveillance market?

Some of the major challenges include concerns regarding privacy and data protection, interoperability issues with legacy systems, high initial costs of implementation, and the need for skilled personnel to manage and analyze surveillance data effectively.

What are the opportunities for growth in the global video surveillance market?

Opportunities include the integration of video surveillance with other security systems such as access control and intrusion detection, expansion into emerging markets, development of smart city projects, and the deployment of surveillance solutions in sectors like transportation, retail, and banking.

How do sustainability concerns influence the adoption of video surveillance solutions globally?

Increasing focus on sustainability is driving the demand for energy-efficient surveillance cameras, solar-powered surveillance systems, and eco-friendly packaging and materials, as businesses aim to minimize their environmental footprint while deploying video surveillance solutions.

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