Report Scope & Overview:

The Video Surveillance Market Size was valued at USD 47.36 billion in 2022 and is expected to reach USD 100.79 billion by 2030, and grow at a CAGR of 9.9% over the forecast period 2023-2030.

Video surveillance involves the use of video surveillance cameras to monitor any location such as homes or buildings, or people remotely. This is done to make sure that people, important things, or the environment are safe. The global surveillance market has grown significantly as it offers many benefits. Video camera surveillance is also cost effective and can be done remotely, anywhere. This type of surveillance not only ensures the safety of people and their surroundings but also helps you to present strong evidence in the event of an accident. In addition, photos can help in investigating any incident or suspicion. Every day, there is a market for video surveillance emerging as 4k video quality, body-worn cameras, and audio recording solutions. These factors drive the huge growth of the Video Surveillance market.

Video Surveillance Market Revenue Analysis

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  • Growing concerns over public safety and security.

  • Enhanced hardware capabilities of video cameras.

  • In video surveillance, the usage of software analytics and artificial intelligence is growing.


  • Concerns about video data privacy and security.


  • Smart gadgets are being used more often for remote monitoring.

  • Big data, IoT, and smart cities are on the rise.


  • Different camera manufacturers have different compatibility standards.

  • Requirement of high-capacity storage systems and increased bandwidth.


With the growing impact of Covid-19, many large businesses and industries have suffered, with the exception of health care and healthcare products. Lockdown and physical protocols have affected millions of small and medium enterprises alike. Among them is the Video surveillance Market which was facing a fall behind Covid-19. The market has declined by 4-6% since 2019 when the epidemic began. Business disruption was confirmed on both the demand and supply side of the Video Surveillance market. However, the market did not see a major collapse as many others did. Some important companies have made significant gains during the epidemic. In addition, the impact of Covid-19 is estimated to disappear soon. The Video surveillance Marketplace will therefore recover from its fall in 2021 onwards.

Based on Component, the video surveillance market is segmented into hardware, software and service.

Hardware video surveillance market is expected to hold the largest share during forecasting. The market size of the hardware segment is due to the fact that the hardware makes up more than 60% of the total cost of the video surveillance system. There is also a growing use of cameras deployed worldwide due to the growing safety concerns across many verticals. The industry’s transition to IP cameras has led to many hardware-based innovations that offer better performance of low light and object tracking, as well as built-in security. Advances in technology have led to the development of specialized surveillance cameras that can detect images, such as dangerous objects. These things drive the market-driven hardware market with video surveillance.

Based on System, the video surveillance market is segmented into IP Video Surveillance Systems, Analog Video Surveillance Systems.

The IP video surveillance system is expected to face a major market share and register a higher CAGR at the time of forecasting. IP cameras are more efficient compared to analog cameras as they can perform digital processing within the camera, such as compression and detection of movement, and contain other hardware components of encoding / coding or cybersecurity. NVRs used in IP applications can better manage simultaneous video streaming from a larger number of connected cameras compared to DVRs. The rise of video statistics also pushes the market for IP video surveillance systems. Additionally, analog systems have a lower price point, in the past, compared to IP systems. However, that is changing rapidly as IP cameras and storage devices have shown a steady decline in prices, increasing their availability significantly over the past few years. Reducing the cost of using cable over wireless networks also helped to reduce operating costs for IP-based systems.

Based on Application, the video surveillance market is segmented into Infrastructure, Public Facility, Industrial, Commercial, Military & Defense, Residential.

The video surveillance market holds the largest share in the market and is expected to hold the largest share during the forecast period. The increasing importance of video surveillance systems due to increased security concerns across all applications, such as stores, businesses, and banks and financial institutions is driving the market in the marketplace. The growth of the commercial sector has led to an increase in the need for security solutions due to security breaches, such as loss of property, burglary, unauthorized access, and other criminal activities. Small, fast-growing businesses near stores and supermarkets have added to the need for monitoring systems in recent years.



  • Hardware

  • Software

  • Service


  • IP Video Surveillance Systems

  • Analog Video Surveillance Systems


  • Infrastructure

  • Public Facility

  • Industrial

  • Commercial

  • Military & Defense

  • Residential

Video Surveillance Market Segmentation Analysis

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Video surveillance of the APAC market is expected to cover a large market share during the forecast period. APAC is expected to continue to calculate the largest market size in the video surveillance market due to population growth in major cities and investment in smart city projects. At APAC, an increasing number of retail chains in stores, small businesses, residential, and tourist businesses, as well as government programs in various countries to install video surveillance cameras in public places, such as cities, schools, colleges, religious centers and airports, driving market growth. The increase in population in developing countries such as China and India, as well as the decline in the cost of video surveillance equipment, is causing significant growth in smart video surveillance solutions. As a result of the availability of more camera manufacturers and the decreased cost of video surveillance systems, market prospects in emerging areas exist. The presence of a number of stable players who offer new and advanced solutions in the region.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the video surveillance market are Panasonic System Networks, Bosch Security Systems, Axis Communications, Honeywell Security Group, NICE System, Zhejiang Dahua Technology, Hangzhou Hikvision Digital Technology, FLIR Systems, Hanwha Techwin, Avigilon Corporation and other companies & Other Players

Panasonic System Networks-Company Financial Analysis


Video Surveillance Market Report Scope:
Report Attributes Details
Market Size in 2022  US$  47.36 Billion
Market Size by 2030  US$ 100.79 Billion
CAGR  CAGR 9.9% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data   2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (Hardware, Software, Service)
• By System (IP Video Surveillance Systems, Analog Video Surveillance Systems)
• By Application (Infrastructure, Public Facility, Industrial, Commercial, Military & Defense, Residential)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles  Panasonic System Networks, Bosch Security Systems, Axis Communications, Honeywell Security Group, NICE System, Zhejiang Dahua Technology, Hangzhou Hikvision Digital Technology, FLIR Systems, Hanwha Techwin, Avigilon Corporation and other companies.
Key Drivers •Growing concerns over public safety and security.
•Enhanced hardware capabilities of video cameras.
Market Restraints •Concerns about video data privacy and security.

Frequently Asked Questions

The market value will be expected to reach USD 83.4 billion by 2028, and grow at a CAGR of 9.9% over the forecast period 2022-2028.

The market has been segmented with respect to component, system and application.

The Video surveillance Market faced a fall behind Covid-19. The market has declined by 4-6% since 2019 when the epidemic began.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Video Surveillance Market Segmentation, by Component


8.2 Hardware

8.3 Software

8.4 Service


9. Video Surveillance Market Segmentation, by system


9.2 IP Video Surveillance Systems

9.3 Analog Video Surveillance Systems


10. Video Surveillance Market Segmentation, by application

10.1 Introduction

10.2 Infrastructure

10.3 Public Facility

10.4 Industrial

10.5 Commercial

10.6 Military & Defense

10.7 Residential


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America


12. Company Profiles

12.1 Honeywell Security Group

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Panasonic System Networks

12.3 Bosch Security Systems

12.4 Axis Communications

12.5 NICE System

12.6 Zhejiang Dahua Technology

12.7 Hangzhou Hikvision Digital Technology

12.8 FLIR Systems

12.9 Hanwha Techwin

12.10 Avigilon Corporation

12.11 Others


13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share Analysis

13.3 Recent Developments


14 Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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