Top 5 Video Surveillance Systems Industry Trends in 2025: Top Companies, Statistics, and Key Facts
RELEASE DATE: Aug 2024 Author: Spherical Insights Request Free Sample
Overview
A video surveillance system includes cameras, monitors, and recording devices. Cameras come in analog or digital formats and offer a range of features to investigate, including resolution, frame rate, color type, and more. The Global Video Surveillance Systems Market Size is expected to grow from USD 64.10 Billion in 2023 to USD 209.10 Billion by 2033, at a CAGR of 12.55% during the forecast period 2023-2033. AI and deep learning advancements improve the effectiveness of surveillance, leading to substantial growth in the industry's future.
Competitive Landscape
The market for video surveillance systems is dynamic, with established and new players working to improve their positions. Big companies are actively pursuing mergers and acquisitions to improve their competitive advantage. In June 2023, Becklar, LLC, a company known for safety solutions, purchased Eyeforce Inc., a top company offering monitored remote guarding solutions. This acquisition strategy by Becklar LLC is intended to expand its range of products by incorporating Eyeforce Inc.'s cutting-edge video surveillance, AI analytics, and live audio response technologies, resulting in improved security and decreased theft and losses in commercial properties throughout North America. The market is also fueled by well-known companies like Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Robert Bosch GmbH, Axis Communications AB, Motorola Solutions, Inc., and Zhejiang Uniview Technologies Co., Ltd. These companies, as well as new innovative players, are consistently enhancing current offerings and establishing strategic collaborations to acquire more market share and meet changing security requirements.
Driving Security Forward: The Surge in Mobile Video Surveillance Adoption Across Asia-Pacific and India's Smart City Initiatives
The Indian government is actively advocating for the implementation of CCTV surveillance systems to improve security in public areas, transportation centers, government structures, and intelligent urban areas. Projects like the Safe City Project have resulted in the implementation of high-tech surveillance systems in various cities nationwide. Furthermore, Robust growth is being witnessed in the mobile video surveillance market in the Asia-Pacific region, brought about by a combination of factors. The demand for mobile video surveillance solutions is driven by rapid urbanization, growing concerns about public safety, and the expansion of smart city initiatives. Moreover, the increasing transportation infrastructure, technological progress, and heightened security awareness in the region all contribute to faster adoption. While governments and industries in the Asia-Pacific region focus on implementing broad security measures, the mobile video surveillance market is experiencing a rise in adoption in different sectors, leading to significant growth in the area.
The report provides a summary of the global top trends and future prospects for the global video surveillance systems market based on historical data sets (current trends, industry statistics, and emerging trends shaping the video surveillance systems industry’s future, preliminary estimates from 2020-2021, 2022, and 2023), as well as projections for the global video surveillance systems trends and future prospects for global regions in 2024 and 2025. This data-driven research offers users an industry-wide view of emerging technologies and innovative insights to help them make critical business decisions.
Growth Factors and Emerging Trends in the Video Surveillance Systems Market
1. The rise of AI surveillance technology will lead to growth.
Artificial intelligence technology has garnered attention in the past few years. In 2019, a report from the Carnegie Endowment for International Peace revealed that 75 out of 176 countries are using artificial intelligence for surveillance like facial recognition and smart cities. This information indicates that the rise of smart city projects and advancements in facial recognition technology will probably increase the use of camera surveillance systems in the upcoming period.
2. Increasing use of body-worn cameras in various sectors like healthcare and retail to fuel expansion.
The growing adoption of body-worn cameras by security forces and law enforcement agencies has resulted in these cameras being used in other sectors like healthcare and retail. Body-worn cameras offer numerous advantages in sectors like healthcare, retail, and hospitality for boosting customer relationships, increasing employee safety, and deterring abnormal behaviors. A wearable camera allows employees to record live events and send immediate threat alerts and notifications to security officials.
Opportunities and Future Prospects in the Video Surveillance Systems Market
Increasing adoption of smart devices for remote monitoring.
Recently, there has been a significant increase in the use of the internet and related items, driven by the popular use of advanced smartphones and tablets. This increase in computing power has given users the ability to utilize smart devices for remote surveillance data access, allowing them to oversee places from afar. The use of mobile video surveillance, allowing wireless video streaming from mobile cameras to central control centers, has also increased in popularity. The need for real-time and remote access to surveillance data has greatly risen as users manage multiple business locations. The increase in smart device usage has created significant possibilities for monitoring remote video surveillance. Industry players can improve their market visibility by providing hardware and software solutions that facilitate effective remote monitoring via smart devices.
List of Key Companies in the Video Surveillance Systems Market
- Avigilon Corporation
- Axis Communications AB
- BCDVideo
- Bosch GmbH
- Dahua Technology Co., Ltd
- FLIR Systems, Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd
- Honeywell International, Inc
- Huawei Technologies Co., Ltd.
- Panasonic Corporation
- Pelco
- Others
Top 5 Key Players Profile in Video Surveillance Systems Market
1. Avigilon
Headquarters: Vancouver, BC
Avigilon, a division of Motorola Solutions, is a major player in the video surveillance and security technology sector. Established in 2004 and based in Vancouver, Canada, Avigilon focuses on creating, producing, and advancing high-tech video surveillance systems and security solutions driven by artificial intelligence. The company is recognized for its advanced surveillance cameras, complex video analytics, and combined security management systems. Avigilon's offerings are extensively used in a range of industries such as public safety, transportation, education, and enterprise, providing advanced capabilities like high-definition imaging, automated threat identification, and live surveillance. Avigilon remains at the forefront of improving security and operational efficiency with its advanced technology solutions, emphasizing innovation and reliability.
2. BOSCH SECURITY AND SAFETY SYSTEMS
Headquarters: Grasbrunn, DE
Bosch Security and Safety Systems, a branch of Bosch Group, a worldwide technology and services corporation, is a top supplier of combined security, safety, and communication solutions. Bosch Security and Safety Systems, based in Munich, Germany, provides a wide range of products like video surveillance, intrusion detection, fire alarms, access control, and public address systems. Known for its reputation, Bosch is committed to providing top-notch, dependable solutions that improve safety and security in a range of settings, such as commercial, industrial, and public sector areas. The company is well-known for its dedication to innovation, utilizing advanced technologies like artificial intelligence, cloud integration, and IoT to offer smart, flexible solutions that address the changing requirements of its international clientele.
3. AXIS COMMUNICATIONS
Headquarters: Lund, Skåne
Axis Communications, established in 1984 and based in Lund, Sweden, is a top worldwide supplier of network video solutions. Axis is well-known for leading the way in creating network cameras, focusing on cutting-edge IP-based video surveillance technology, such as high-definition cameras, video encoders, and management software. The company provides thorough security solutions that combine video surveillance with audio, access control, and analytics to improve safety and efficiency in various environments like commercial buildings, public spaces, and transportation systems. Axis Communications stands out for its dedication to open standards, which allows for compatibility with various third-party products and cultivates a network of connected security solutions. Axis remains a leader in the video surveillance industry by prioritizing innovation and reliability, setting new standards to meet the increasing need for advanced, scalable security solutions.
4. BCD
Headquarters: Buffalo Grove, IL
BCD, a leading company in the security and surveillance sector, focuses on delivering state-of-the-art video management solutions and top-notch storage systems. Created with an emphasis on providing dependable and expandable options, BCD provides a variety of products such as video recorders, storage appliances, and related hardware tailored for various surveillance needs. The company is renowned for its dedication to innovation and customer-focused strategy, guaranteeing that its solutions not only smoothly blend with current security systems but also provide improved performance and efficiency. BCD offers advanced technology to different industries such as public safety, transportation, and commercial enterprises, enabling them to effectively supervise, control, and protect their surroundings. By consistently evolving and placing a strong focus on technological progress, BCD stays at the forefront of the market for video surveillance and security solutions.
5. DAHUA TECHNOLOGY CO. LTD
Headquarters: Hangzhou, Zhejiang
Established in 2001 and based in Hangzhou, China, Dahua Technology Co., Ltd. is a top worldwide supplier of video surveillance products and services. Dahua is well-known for its wide variety of cutting-edge products, focusing on HD video surveillance cameras, DVRs, and security systems. The company provides state-of-the-art technologies like AI-driven analytics, cloud services, and IoT integration to improve security, operational efficiency, and data management in sectors like public safety, transportation, retail, and critical infrastructure. Dahua's dedication to R&D drives ongoing innovation, delivering advanced solutions to meet the changing needs of its worldwide customers. Dahua Technology has a significant presence in the global security market, offering comprehensive and scalable security solutions with a focus on quality, performance, and technological innovation.
Recent Developments
- In July 2024, March Networks was chosen as an authorized provider of video surveillance solutions for the American Dairy Queen Corporation (ADQ). This increased collaboration cements March Networks' role as a reliable ally for DQ franchisees, as more than 200 restaurants in 13 US states are currently using their services. Integrating March Networks' technology with DQ's point-of-sale system improves security, efficiency, and profits for DQ franchisees.
- In April 2024, Axis Communications, a prominent company in the video surveillance industry, introduced Axis Cloud Connect, a flexible cloud-based system created to improve security options. This platform smoothly connects with Axis devices, providing various managed services such as system and device management, video delivery, and strong cybersecurity.
- In April 2024, Lumana introduced a new video security platform that utilizes AI and a distributed hybrid cloud infrastructure.
- In June 2023, Hanwha Vision introduced SolidEDGE, the initial authentic serverless camera system containing onboard SSD storage and integrated WAVE VMS server, offering effective, scalable, and budget-friendly surveillance options with remote access, multi-camera recording, and simple system management for businesses of varying sizes. Offered in two variations with a maximum storage capacity of 2TB, this allows for simple customization and expansion of surveillance systems according to individual requirements.
- In May 2023, Dahua Technology introduced AcuPick video search technology to assist users in efficiently and precisely finding desired videos. Fueled by advancements in both front-end and back-end AI technology, the product delivers fast searching, simple usage, and precise results, driving technological advancements in the field.
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