Video Surveillance Market size was valued at USD 48.19 Billion in 2022 and is poised to grow from USD 52.68 Billion in 2023 to USD 107.31 Billion by 2031, at a CAGR of 9.3% during the forecast period (2024-2031).
Growing security requirements in both public and private spaces, including homes, businesses, airlines, and schools, are the main cause of this expansion. The rise of smart cities need clever video surveillance to keep an eye on a variety of activities. Cloud-based technologies are in great demand due to their flexibility and cost-effectiveness. AI and deep learning as technological advances can help to advance the effectiveness of surveillance systems are poised to shape the future growth of the industry. Organizations invest in artificial intelligence (AI) infused tools for video monitoring systems which are future proofed. Artificial intelligence (AI)-powered video analytics free up human operators to perform more crucial jobs like responding to security warnings by automating repetitive operations like object and face recognition.
Download a detailed overview:
https://www.skyquestt.com/sample-request/video-surveillance-market
Top Player’s Company Profiles in Video surveillance Market
- Hangzhou Hikvision Digital Technology Co. Ltd. (China)
- Zhejiang Dahua Technology Co., Ltd. (China)
- Bosch Security Systems, LLC (Germany)
- Hanwha Techwin Co. Ltd. (South Korea)
- Teledyne Technologies Incorporated (US)
- Honeywell International Inc. (US)
- I-PRO Co., Ltd. (Japan)
- Huawei Technologies Co., Ltd. (China)
- Zhejiang Uniview Technologies Co., Ltd. (China)
- CP PLUS International (India)
- Genetec Inc. (Canada)
Top Companies Battle for Dominance Across Market Verticals
The competitive landscape of the global video surveillance market is characterised by fierce competition between major players in different industry verticals. The commercial market boasts a number of industry titans like Hikvision, Dahua Technology and Axis Communications who are known for their state of the art security solutions. Bosch Security Systems and Hanwha Techwin showcase the government’s need for safety in public places, as they are widely deployed. The transportation sector is dominated by Schneider Electric’s Avigilon and Pelco, who have next generation video surveillance systems; while also centered on home surveillance equipment are Nest and Ring. These companies emphasize on growing new technologies through collaborations or buyouts in order to strengthen their position in the market and satisfy various industrial needs.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/video-surveillance-market
Segments covered in Video Surveillance Market are as follows:
- Offering
- Hardware (Cameras [Camera Components {Image Sensors, Lenses and Image Processing Circuity}, Type {Analog cameras and IP cameras}, Connectivity {Wired and Wireless}, Form Factor {Dome, PTZ, Box & Bullet and Panoramic, Fisheye, & Body-Worn}, Resolution {0.3-1 megapixel, 1.1-2.9 megapixel, 3.0-5 megapixel and >5 megapixel}, and Channel Partner {Distributors, Direct to Installers or System Integrators, and Direct to End-Users}, Monitors { Screen Size (Up to 20 inches and More than 20 inches)}, Storage Device {Digital Video Recorders (DVRs), Network Video Recorders, Hybrid Video Recorders, IP Storage Area Network, Direct-Attached Storage Devices and Network-Attached Storage Devices} and Accessories {Cables and Encoders}]), Software (Type [Video Management Software {Non-AI-Based VMS Software and AI-Based VMS Software}, Video Analytics {Video Content Analysis and AI-Driven Video Analytics ( Type [Analytics at the Edge and Analytics at the Server] and Use Cases [Gun Detection, Industrial Temperature Monitoring, Anomaly detection & Behavior Recognition, Facial recognition/Person search, Object detection & tracking, Intrusion detection & perimeter protection, Smoke & Fire Detection, Traffic Flow Analysis & Accident Detection, False alarm filtering, Parking Monitoring and Vehicle Identification & Numberplate Recognition ] and Deployment Mode [On Premises and Cloud]), and Service (Video Surveillance-As-A-Service [Technology {Video Analytics-As-a-Service and AI-Powered Video Analytics-As-a-Service}, Type { Hosted, Managed and Hybrid}] Installation & Maintenance Services)
- System
- Analog Video Surveillance Systems, IP Video Surveillance Systems, and Hybrid Video Surveillance Systems
- Vertical
- Commercial (Retail Stores & Malls, Enterprises & Data Centers, Banking & Finance Buildings, Hospitality Centers and Warehouses), Infrastructure (Transportation, City Surveillance, Public Places and Utilities), Military & Defense (Prison & Correctional Facilities, Border Surveillance, Coastal Surveillance and Law Enforcement), Industrial (Factory/Manufacturing facility and Construction site), Public Facility (Healthcare Buildings, Educational Buildings, Government Buildings and Religious Buildings), and Residential
Navigating Global Video Surveillance Market’s Fierce Competition
Global behemoths dominate many business verticals in the very competitive global video surveillance market. With their state-of-the-art security solutions, Hikvision, Dahua Technology, and Axis Communications rule the business market. Bosch Security Systems and Hanwha Techwin are major suppliers to the public sector and government for large-scale safety deployments.
Schneider Electric’s Avigilon and Pelco have an edge in transportation given their advanced monitoring systems within the industry. In-home monitoring, however, is fiercely contested by brands like Nest as well as Ring. The technological advancements, strategic collaborations and acquisitions that these firms focus on are aimed at enhancing their market positions and addressing the needs of diverse industries effectively.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/video-surveillance-market
Dominance of AI and Smart Analytics in Global Surveillance
In the fiercely competitive global video surveillance market, Hikvision and Dahua Technology exhibit their superiority by offering wide portfolios of AI-driven cameras and intelligent analytics which are in accordance with business objectives. Axis Communications is a well-known purveyor of advanced network video solutions. Bosch Security Systems and Hanwha Techwin, on the other hand, stand out as the top businesses in public sector deployments by providing dependable and extendable security solutions. Contained in the transport industry, Avigilon is part of Schneider Electric that uses latest monitoring technology while Pelco excels in it. Home security systems that are user-friendly and interconnected have made Nest and Rings thrive in residential areas. These firms consider acquisitions, forge strategic partnerships and incessantly invest in RnD to enhance their market standings while meeting diverse demand across the sectors.
AI and Strategic Alliances are Shaping the Future of Ever-Evolving Security Landscape
Due to the necessity of safety in different places such as public, private and residential areas, the global market for video monitoring is greatly increasing. Smart cities have also increased the demand for advanced surveillance technologies. The efficiency of surveillance systems has been enhanced by deep learning and artificial intelligence advancements that allow companies to invest in future-proof solutions that automate repetitive tasks including face and object recognition. Dynamic competition in the industry will continue as giants such as Hikvision, Dahua Technology, and Bosch Security Systems introduce innovative concepts and build collaborative partnerships. Hence, thus, this will ensure that video surveillance technology continues to develop to meet the diverse needs of businesses.
Related Reports:
Video Surveillance Storage Market
Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email: Send Email
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://www.skyquestt.com/report/artificial-intelligence-robots-market