Allied Market Research

2024

Commercial Video Surveillance Market

Commercial Video Surveillance Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Semiconductors

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Author's: | Sonia Mutreja
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Commercial Video Surveillance Market Outlook - 2027

The global commercial video surveillance market size is experiencing significant growth and is expected to grow considerably in the next few years. Video surveillance systems integrate one or more video cameras on a network that sends the captured video or audio information to a particular place. The captured images are live monitored or transferred to a central location for recording and storage. The market players provide a complete range of commercial video security camera systems to provide the best video surveillance solutions for small business and large enterprises. These systems offer various benefits such as increase overall safety, can help prevent shoplifting & theft, and prevent fraud. Growing concerns about public security and safety, increasing adoption of IP cameras, and upsurge in demand for spy cameras and wireless are the factors driving the growth of the commercial video surveillance industry

COVID-19 scenario analysis: 

  • The continuing pandemic of COVID-19 is continually hindering the production and trades of several electronics and semiconductor products globally.
  • This is attributed to the temporary shutdown of international borders as well as manufacturing facilities across major countries such as India, China, South Korea, and Japan. 
  • As an effect, decline in commercial video surveillance and demand globally has been observed. Moreover, increasing conflicts between two large economies, such as the imposition of heavy tariff by the U.S. on several electronic products imported from China, is further expected to hamper the market growth.
  • However, the commercial video surveillance market is surviving during the pandemic and is expected to recover post pandemic. For instance, all the COVID-19 dedicated hospitals are directed to ensure that CCTVs shall be immediately installed in hospitals, providing opportunities for the market growth.

Top impacting factors: commercial video surveillance market trends scenario analysis, drivers, and impact analysis

Growing concerns about safety and security, increasing adoption of IP cameras, and growing demand for wireless and spy cameras are the factors driving the growth of the commercial  video surveillance industry. Violation of privacy is a major restraint. Rising government and stakeholder funding for developing smart cities and employing city surveillance solutions, growing demand for VSaaS services, ongoing technological advancements in Big Data, IoT, & cloud-based services, and swelling trends of artificial intelligence & deep learning for video surveillance systems are expected to provide opportunities to players in the video surveillance market during the forecast period.

New product launches to flourish the market

Zetron announced new, advanced video surveillance and security solution, which is best suited for both private and public-safety applications. It allows video recording to be digitally watermarked and stored for evidentiary purposes. It is offering a solution to customers who oversee and protect schools, government buildings, warehouses, parking lots, and other sensitive facilities. Hence, video surveillance is gaining demand to meet the rising security demand for public safety.

Increasing security concerns leading to surge in adoption of IP cameras

Currently, video surveillance is more than just recording, observing, and storing data. The rise in crime rates, terrorism, and civil unrest activities is pushing the governments to install video surveillance systems in various parts of countries. Furthermore, the governments of developed nations and developing economies are increasingly undertaking initiatives for smart city, which is also a key driver for the video surveillance market.

The IP cameras or internet protocol cameras are being accepted at a higher rate than the traditional surveillance cameras at present. The key advantage of IP cameras over conventional cameras is the benefit of transferring captured data or imageries directly over the internet, within a fraction of second. The TCP/IP cameras are either centralized, which requires Network Video Recorder (NVR) to monitor recordings, or decentralized in which the camera recording can be stored in any local or remote storing devices. The usage of Wi-Fi is also available with the internet protocol or IP cameras for transferring data instantly. The option for installing various video analytics software in the internet protocol cameras for automatic analysis of the imageries by the cameras is increasing the interest among the end users.

Key segments covered:

Segments

Sub-segments

  Type

  • Hardware
  • Software
  • Service

  Industry Vertical

  • Commercial
  • Infrastructure
  • Residential

 

Key benefits of the report:

  • This study presents the analytical depiction of the global commercial video surveillance market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global commercial video surveillance market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global commercial video surveillance market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years. 

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Industry Vertical, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Huawei Technologies, Nice Systems, Hangzhou Hikvision Digital Technology Company Limited, Hanwha Techwin, Axis Communications AB, FLIR Systems Incorporation, Bosch Security Systems Incorporation, Honeywell Commercial Security, Panasonic I-Pro Sensing Solutions, Avigilon, A Motorola Solutions Company

 

Questions answered in the commercial video surveillance market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the commercial video surveillance market forecast?
  • What are the projections for the future that would help in taking further strategic steps?

Commercial Video Surveillance Market Report Highlights

Aspects Details
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By Type
  • Hardware
  • Software
  • Service
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By Industry Vertical
  • Commercial
  • Infrastructure
  • Residential
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (UAE, Argentina, Rest of LAMEA)
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Key Market Players

Honeywell, Panasonic Security Systems, Avigilon Corporation, Pelco, Hikvision, Hanwha Techwin, Axis Communications AB, Bosch Security Systems, Dahua Technology, FLIR Systems

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Commercial Video Surveillance Market

Global Opportunity Analysis and Industry Forecast, 2023-2032