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Video Surveillance Market Trends

  • Report ID: GMI10380
  • Published Date: Jul 2024
  • Report Format: PDF

Video Surveillance Market Trends

The increasing adoption of cloud-based surveillance systems is driving significant growth in the video surveillance industry. Organizations are increasingly turning to cloud solutions due to their scalability, cost-effectiveness, and ease of management. Cloud-based systems allow for remote access to video feeds and data storage, enabling users to monitor their premises from anywhere at any time. Cloud providers often manage software updates and system maintenance automatically, ensuring that users always have access to the latest features and security patches without additional effort. This flexibility not only enhances operational efficiency but also reduces the need for extensive on-premises infrastructure.
 

For instance, in April 2023, Axis Communications introduced Axis Cloud Connect, a new cloud-based platform designed to simplify and secure video surveillance management. Leveraging its extensive experience in network video surveillance, Axis aims to provide enhanced security, flexibility, and scalability for its customers through this platform.
 

The increasing demand for remote monitoring is significantly driving growth in the video surveillance market. Remote monitoring enables users to access live video feeds and recorded footage from anywhere, providing greater flexibility and responsiveness in security management. This capability is crucial for businesses with multiple locations/those operating in high-risk environments, as it allows for immediate action in response to potential threats. Organizations are recognizing the need for real-time visibility in their operations, especially with the rise of remote work and distribution facilities.
 

Advancements in mobile applications and cloud technologies have further facilitated remote access, empowering security personnel and management teams to monitor their assets in real-time. The ability to integrate remote monitoring with other security systems, such as alarms and access controls, enhances overall situational awareness, driving more organizations to invest in comprehensive surveillance solutions that support these capabilities.
 

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of video surveillance reached USD 53.8 billion in 2023 and will exhibit 5% CAGR from 2024 to 2032, attributed to increasing concerns over security and safety, coupled with technological advancements like AI and analytics.

The hybrid video surveillance systems segment will witness 10% CAGR through 2032, due to its versatility and capability to integrate both analog and IP cameras.

North America market will reach USD 35 billion by 2032, fueled by the early adoption of advanced surveillance technologies, coupled with significant investments in smart city initiatives and critical infrastructure protection.

Hikvision, Dahua Technology, Axis Communications, Bosch Security Systems, Hanwha Techwin, and Avigilon (Motorola Solutions), among others.

Video Surveillance Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 290
  • Countries covered: 21
  • Pages: 220
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