Video Surveillance Market to Reach $99.7 Billion by 2030

The global video surveillance market is expected to generate USD 58.5 billion revenue in 2024, with projections estimating it will reach USD 99.7 billion by 2030, growing at a CAGR of 9.3%. This growth is driven by rising security demands in various sectors, including airports, homes, schools, and commercial buildings.

The increasing need for intelligent video surveillance in smart cities is further accelerating the market. AI-powered video analytics and deep learning technologies are enhancing surveillance capabilities, improving safety for people and property.

The demand for advanced processing and compression technologies is pushing the adoption of IP-based surveillance systems. These systems are further optimized by AI and computer vision to detect abnormal behavior and patterns in surveillance footage.

As IP-based systems gain popularity, traditional analog video surveillance is being phased out. The growing use of IP systems is fueled by better security features, network improvements, and the declining cost of specialized equipment, which reduces installation expenses. Additionally, the introduction of 360° video recording technology has made surveillance setups more cost-efficient by replacing multiple PTZ cameras with a single unit.

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Key Insights:

• Hardware, including cameras, displays, and storage devices, dominates the market with a 50% share in 2024.
• IP cameras are boosting surveillance capabilities with advanced features like low-light performance and object tracking.
• Video Surveillance as a Service (VSaaS) is projected to grow at a CAGR of 9.6% from 2024 to 2030, offering remote viewing and cybersecurity integration.
• The commercial sector holds a 40% market share, driven by increased security concerns in retail, corporate, and financial institutions.
• The industrial sector is expected to experience the highest CAGR of 9.8% from 2024 to 2030, as it aims to protect facilities from theft and accidents.
• The APAC region leads in growth, with a CAGR of 9.7%, fueled by technological advancements and rapid urbanization.
• China dominates the APAC market due to extensive surveillance tech usage in public spaces and infrastructure projects.
• North America holds a significant market share, with the U.S. showing continued growth supported by investments in infrastructure and safety.
• The Middle East and Africa (MEA) region is showing promising growth, driven by mobile video surveillance solutions and increased security investments.
• Key players in MEA are leveraging technology to improve security and mitigate enterprise risks.

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