According to the recent study the video surveillance market is projected to reach an estimated $76.8 billion by 2027 from $44.3 billion in 2021, at a CAGR of 9.6% from 2021 to 2027. Growth in this market is primarily driven by increasing awareness for safety and security, increasing crime rate, and growing adaptation of internet protocol (IP) cameras.

Browse 94 figures / charts and 88 tables in this 204 -page report to understand trends, opportunities and forecast in video surveillance market by system (Analog, IP, and others), product and services (hardware (camera, storage, encoder, others), software, and service), by end-use industry (commercial (hotel, banking & finance, retail, and others), residential, transportation, government, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World).

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“IP surveillance market is expected to remain the largest segment during the forecast period.”

Based on system type, the video surveillance market is segmented into Analog, IP, and others. Lucintel forecasts that the IP surveillance market is expected to remain the largest segment due to growing development of smart city and smart home applications. Additionally, technological innovations, real-time access, integration of wireless technologies, video analytics, and affordability are the factors driving the growth of the IP camera market.

“Within the video surveillance market, the commercial segment is expected to remain the largest end use industry”

Based on end use industry the commercial segment is expected to witness the highest growth over the forecast period due to increasing demand in hotels, banks, and retail enterprises.

“Asia pacific will dominate the video surveillance market in near future”

Asia Pacific will remain the largest region and it is also expected to witness highest growth over the forecast period.

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Major players of video surveillance market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd, Bosch Security Systems, Honeywell International Inc., Axis Communication, Panasonic Corporation, Pelco, and Hanwa are among the major video surveillance providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or