The demand for Video Surveillance Market is expected to grow over time due to the growing need for video surveillance security and the widespread adoption of cloud-based services for centralizing data. Improving smart city infrastructure and deploying intelligent analytics, intelligent video management systems, and storage his solutions will be the main drivers of this expansion.
A new study from Persistence Market Research provides comprehensive insights on market trends, value forecasts (Billion USD), current developments and dynamics in the global video surveillance market during the forecast period 2031.
The report tracks the global value of video surveillance in over 20 high-growth markets, with North America, Europe and Asia regions offering the most opportunities for stakeholders. The report also analyzes the impact of COVID-19 on the economy in general and video surveillance in particular.
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How Will Artificial Intelligence Affect Video Surveillance Demand?
The growing need for public safety and crime control has increased the demand for AI-based video surveillance. The AI mechanism is developed with a highly intuitive user interface and deep learning algorithms to achieve intelligent and automated monitoring. AI temperature checks and facial recognition are major trends in video surveillance today.
AI is widely used in various industries and is expected to be widely integrated into video surveillance in the coming years. Edge-based AI (filtering and processing data locally on the camera) will become more ubiquitous, enabling end-to-end AI technology.
Facial recognition, object detection, event detection, intelligent image processing, analytics, and remote asset management are some of the key technologies transforming video surveillance systems.
Will the introduction of IP/network-based CCTV cameras support market growth?
IP/network cameras are connected devices that capture high-definition images, enable video analytics, automatic alerts, and more. IP cameras have become the preferred source of video surveillance worldwide as they offer better resolution and advanced features such as automatic alerts and video analytics.
Additionally, the IP camera can be used wirelessly through a Wi-Fi router or in a wired network connected to a broadband router or modem through an Ethernet cable. Like a digital camera, IP cameras capture images, compress files, and transfer them over networks.
IP cameras are gaining popularity due to their cost-effectiveness and convenience for end-users. In addition, his network-based CCTV system provides users with various benefits such as: B. Improving labor productivity, remote monitoring, traffic management, assistance in obtaining evidence in litigation, and anti-theft. As a result, IP cameras are expected to contribute significantly to video surveillance sales in the near future.
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How can video surveillance help organizations ensure public safety?
Various public safety agencies are investing heavily in various new technologies to provide efficient security solutions. These include intelligent applications that securely connect wireless networks to users wearing smartphones, video surveillance devices, and other smart wearable devices to improve accountability and security for civilians and public officials. and includes an integrated mobile application that improves your daily workflow.
Moreover, in the face of anti-social behavior, terrorist attacks and rising crime rates, governments are adopting new strategies and technologies to ensure public safety and security. Improving systems, responding to devastating attacks, and finding cost-effective, secure, and practical solutions have become imperative. This will further boost market growth and create productive opportunities for video surveillance vendors.
And by combining current CCTV cameras with modern video analytics software, they can be used as advanced IoT sensors with audio and video data to help with everything from public safety to traffic management. This increasing demand in various industries is expected to create growth opportunities for video surveillance system manufacturers.
Honeywell International Inc.
Hangzhou Hikvision Digital Technology Co., Ltd.
Bosch Security Systems, Inc.
Dahua Technology Co., Ltd.
FLIR Systems, Inc.
Cisco Systems, Inc.
Samsung Electronics Co. Ltd. Nice
Systems Co., Ltd.
Panasonic Corporation i-PRO Sensing Solutions Inc.
Axis Communications AB
These above players rely on various expansion strategies to have a presence in the lucrative market. These strategies include working with key players, product launches, acquisitions, partnerships and strengthening distribution networks at regional and global levels.
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Analog CCTV Cameras
IP CCTV Cameras
Network Video Recorders
Security Monitors and Displays
Video Management Software (VMS) Cloud-Based On-Premises Services Professional Security Services
Management System Integration and Implementation Security Consulting Support and Maintenance type
Video Surveillance System
IP Video Surveillance System
Banking & Financial Institutions
Transportation (Airports, Railroads, Ports, Transit Systems)
Corporate/Business Parks & Offices
Retail & Shopping Malls
Energy & Power Plants
Government & Defense
Military and Defense
South Asia and Pacific
Middle East and Africa (MEA)
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