3D Surveillance Software Market

3D Surveillance Software Market Research, 2031

The global 3d surveillance software market was valued at $110.6 million in 2021, and is projected to reach $211.5 million by 2031, growing at a CAGR of 7% from 2022 to 2031. 3D surveillance software is the latest innovation in security systems which plays a major role in offering enhanced security and surveillance for several industries namely oil & gas, defense, buildings, real estate, and others.

The global 3D surveillance software market has recently faced several unexpected challenges, given the arrival of the global health crisis in the form of COVID-19. On the other hand, with global activities returning to normal, the global market is anticipated to grow substantially during the assessment era. Additionally, the use and adoption of 3D surveillance software in the government sector has increased rapidly, as this software can effectively detect and react to events or intrusions in a cost-effective manner

The 3D surveillance software for buildings can determine the intruder’s exact location at any given point of time and can accurately track the movement within the monitored environment. This is made possible by advanced technologies such as Artificial Intelligence (AI), machine learning, Light Detection and Ranging (LiDAR), and other technologies. For instance, the use of 3D surveillance software in the residential sector can effectively track and monitor the objects that help in protecting humans as well as property. These factors are anticipated to boost the 3D surveillance software market share during the forecast period.

The growing adoption of 3D surveillance in banks which is an important part of the economy where security is a must is estimated to boost the 3D surveillance software market growth during the forecast period. For instance, in banks, the vaults are the main front cash area that needs high-level security. In this sector, placing LiDAR outside the vault across a certain range can help in protecting digital assets and money. For instance, deploying 3D surveillance software across these vaults can prevent unauthorized access to the same by activating an alarm in case of intrusion. This software can set up an alarm if anyone is too close or passes the barrier to where this vault is placed. Hence, securing banks can help the customers, as well as employees, as safeguarding valuables is vital for the bank as well as its customers. These aspects are anticipated to propel the 3D surveillance software market share during the analysis timeframe.

Lack of awareness regarding 3D surveillance software as this technology is not widely commercialized or used because it is in its initial development and rollout phase. Owing to this, the customers do not have an ample amount of information regarding the 3D surveillance software industry nor do they have an idea about its importance and benefits. These factors are anticipated to restrain the 3D surveillance software market size during the forecast period.

The growing applications of 3D surveillance software across utilities & communication, transportation, and energy & power generation sector is anticipated to generate excellent opportunities in the market. In the utilities & communication sector, 3D surveillance software is used to ensure reliable service and legal compliance. For instance, in the communications sector, this software can be used to detect intruders, and their accurate movement, position, and direction. Also, this software can monitor air zones, thereby securing critical infrastructure from attacks by drones. This is made possible with the help of AI and edge computing, which can detect physical changes in space and can distinguish between threats and no-threats. These factors are anticipated to boost the 3D surveillance software market opportunity during the upcoming year.

The key players profiled in this report include Hexagon, Surveill 3D, Cambridge Pixel Ltd., Tacticware Resource Group LLC, MIRASYS, Dallmeier Electronic GmbH & Co. KG,  Northern Digital Inc., Noitom Ltd., OptiTrack, and Vicon Motion Systems Ltd.

The 3D surveillance software market is segmented on the basis of application, deployment, and region. By application, the market is divided into commercial, industrial, and residential. By deployment, the market is classified into on-premise, and cloud based. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The 3d surveillance software market is segmented into Application and Deployment.

By application, the industrial segment dominated the market in 2021. The use of 3D surveillance software is rapidly increasing across several industries namely oil & gas, defense, transportation, buildings, real estate, automotive, entertainment, and others. For instance, in the entertainment industry, 3D surveillance software can be used by video game designers, filmmakers, and other content creators, for developing stunning visual effects to offer an immersive experience to the users. To ensure the same, knowing the exact location and movement of viewers is necessary to track their movements. Hence, the use of 3D surveillance software in the entertainment sector can track the movement and position of people that are interacting with the digital environment to create immersive augmented and virtual reality experiences. These aspects are anticipated to drive the 3D surveillance software market opportunity in the industrial sector.

By deployment, the cloud based segment dominated the global 3D surveillance software market share in 2021. The cloud based 3D surveillance software market outlook offers various advantages such as unlimited storage with a low maintenance cost, improved collaboration, mobility, and excellent accessibility. For instance, the data collected by 3D surveillance software can be stored on the cloud and it is easier to get back-up of that data and to restore the same in case of any device failure. Also, cloud based 3D surveillance software offers improved collaboration by allowing people to easily share and quickly access information via cloud-shared storage. A huge amount of data can be easily stored on the cloud including images, audio, video, documents, and others.

By region, North America dominated the global 3D surveillance software market analysis in 2021 and is anticipated to grow at a significant rate during the forecast period. This growth is majorly attributed to an increase in demand for surveillance, and security for safeguarding access to facilitate smooth operations of various industries namely real estate, government, automotive, oil & gas, and others. In the U.S., the adoption of 3D surveillance software in the real estate sector has increased rapidly as this software can protect homes, people, and businesses from undetected intrusions that can lead to costly consequences such as vandalism and threat. The traditional 2D security systems, fail to detect security events such as bad weather conditions that can cause faulty alarms. All these aspects are anticipated to boost the North America 3D surveillance software industry opportunities during the forecast timeframe.

Impact of COVID-19 on the Global 3D Surveillance Software Industry

• The COVID-19 pandemic has negatively impacted several businesses around the globe owing to social distancing norms and the closure of several businesses due to economic crisis
• Security and surveillance were of utmost priority for several businesses during this crucial time to secure their assets. Owing to the same, the COVID-19 pandemic has led to a positive impact on the 3D surveillance software market.
• For instance, in the government sector, 3D surveillance software is used to equip the systems with highly secure facilities. Conventional security systems struggle to tackle common security challenges such as inmate attacks, illegal deliveries to inmates via drones, and others.
• With the help of thermal imaging, video cameras, LiDAR, AI, and edge computing physical changes within the space industry can be determined effectively. Also, with this software, COVID-19 protocols such as social distancing norms are followed. Owing to all the above-mentioned factors, the 3D surveillance software market demand has increased during the pandemic.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the 3D surveillance software market analysis from 2021 to 2031 to identify the prevailing 3D surveillance software market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the 3d surveillance software market forecast segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global 3d surveillance software market trends, key players, market segments, application areas, and market growth strategies.

 3D Surveillance Software Market Report Highlights