Surveillance Market, By Product (Camera, Other Hardware and Software Services), By Application (Residential, Commercial, Public and Government Infrastructure), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Surveillance Market was valued at US$ 53.5 billion in 2024 and is projected to grow at a CAGR of 10.3% to reach US$ 130.5 billion by 2034.

Surveillance is the observation of conduct, a variety of activities, or data to learn, sway, control, or guide. For example, residents employ surveillance to keep their neighborhoods safe. Governments utilize it extensively to obtain intelligence, which includes espionage, crime prevention, process, person, group, or object protection, and criminal investigation. A variety of devices, including cameras, monitors, drones, and other devices, make up surveillance systems. The rapid rise in CCTV cameras and surveillance systems in residential and commercial buildings or apartments is predicted to fuel the global surveillance market's robust growth over the forecast period.

Other reasons that have contributed to the market's quick growth include increased concerns about women's safety and mounting threats to global security. The market is expected to grow rapidly throughout the projected period due to the rising use of surveillance systems in both developed and emerging economies. Future surveillance methods and systems are probably going to be considerably more advanced due to the unstoppable advancement of technology.

Additionally, the use of monitoring and surveillance technologies in a healthcare setting is growing in popularity as a way to help keep people safe, keep an eye on their health, and make crime detection and prevention easier. The benefits of CCTV include continuous real-time monitoring, increased overall security and safety, preventing dishonest claims, long-term digital archiving, and cost-effectiveness due to the large number of people who visit healthcare facilities. However, the introduction of new, more expensive technologies is expected to substantially restrict the target market's growth.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Surveillance Market Drivers:

Global security worries are escalating  

• The adoption of sophisticated security measures and monitoring systems has become necessary due to an increase in security threats, including cyberattacks, terrorism, and criminal activity. Public safety concerns have prompted a greater focus than ever before on cameras, video monitoring systems, and interoperability platforms. There is an instant rush to upgrade video surveillance systems and add more cameras than ever before. Linking surveillance systems and sending photographs to first responders instantly during an incident will be beneficial for cities having the financial wherewithal to implement interoperability platforms. Naturally, high crime rates—particularly those linked to gun violence—have contributed to the current state of affairs.

Increasing IoT integration in security cameras   

• Smart and connected security solutions are being used primarily due to the necessity of being able to remotely monitor and manage security systems. The Internet of Things (IoT) has allowed surveillance cameras to be used in places other than businesses, like banks, office buildings, train stations, and airports. Rather, for the goal of collecting and evaluating Big Data, they have become an essential component of retail spaces, smart cities, and smart homes.

Surveillance Market Restrains:

The substantial expenses of newer technologies

• It is anticipated that the target market's growth will be significantly impeded by the new, more costly technology. A major contributing factor to the growth hindrance is the unpredictability of the global financial situation as well as the absence of industry groups and standards in many emerging economies.

Surveillance Market Opportunities:

• The increasing number of Internet of Things (IoT) devices and sensors in our surroundings may lead to a more widespread and device-independent kind of surveillance. This means that a wide range of devices, including cameras, microphones, sensors, and even drones, could provide data inputs for monitoring. Furthermore, artificial intelligence (AI) systems may be able to process and analyze the data gathered from various sources in real time, making surveillance more effective and efficient.

Surveillance Market is segmented based on product, application, and region.

Product Insights

• Camera: Camera as a product type is a dominating segment of this sector for the target market. Security cameras, often known as surveillance cameras, are video cameras that are meant to monitor a certain region. They may be observed by a security guard or law enforcement official, and they are frequently connected to an IP network or recording device. Before automated software that arranges digital video material into a searchable database and video analysis software, cameras and recording equipment were relatively expensive and required human staff to monitor camera footage.
• Other Hardware and Software Services: This category is a developing market for storage and video recorders. It also includes systems for controlling access. Intelligent surveillance with video analytics software is also a part of this category. In addition, it also has solutions for cloud-based surveillance that provide scalability and remote access.

Application Insights

• Residential: The surveillance systems monitor a building's exterior and interior using cameras and recording equipment. They can monitor the actions of building employees, assist in discouraging criminal activity, and offer proof in the event of a theft or break-in. Remote monitoring, license plate identification, and facial recognition are additional services that certain CCTV surveillance systems offer.
• Commercial: Commercial as an application type is a dominating segment of this sector for the target market. Stopping theft and vandalism is the most typical reason for using commercial and industrial surveillance systems.
• Public: Some people find it consoling that there are surveillance security cameras in public areas. Wherever they are most needed, cameras can be installed and then monitored from a central point. When necessary, they can offer video proof in addition to helping to keep people and property safer.
• Government Infrastructure: One major factor propelling the surveillance industry is the government infrastructure sector. Globally, governments are investing more and more in surveillance technologies to safeguard vital infrastructure, increase border security, and improve public safety.

Regional Insights:

Surveillance Market Regional Insights

• North America market is estimated to witness a significantly high revenue share over the forecast period, owing to severe security concerns and early use of cutting-edge surveillance systems. Additionally, in this region governments and corporations are investing heavily in security infrastructure, therefore further fueling the target market growth.
• Asia Pacific market is estimated to witness the fastest revenue share throughout the projection period, due to emerging economies like China and India. In China, the government finances the installation of cameras in public areas to provide extensive video surveillance coverage.
• Europe's market is expanding steadily with an increasing emphasis on security following recent acts of terrorism. It is further propelled by governmental laws requiring video surveillance in public areas. Also, there is a growing consumer demand for surveillance systems that respect personal privacy in this region.
• Latin America market is an emerging region that is facilitated by infrastructure improvements and better economic conditions which are quite necessary for growth. Additionally, government expenditures on programs aimed at improving public safety are also seen on the rise recently which is beneficial for the target market growth.
• Middle East & Africa market is in its developmental stages and is anticipated as a result of government spending on border control and vital infrastructure security systems. They are also increasing their attention to initiatives aimed at developing smart cities in the region.

Surveillance Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Surveillance Market report based on product, application, and region:

Surveillance Market, By Product:

• Camera
• Other Hardware and Software Services

Surveillance Market, By Application:

• Residential
• Commercial
• Public
• Government Infrastructure

Surveillance Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Surveillance Market include Hangzhou Hikvision Digital Technology Co, Axis Communications AB, Panasonic Corporation, Honeywell International Inc., United Technologies Corporation, Hanwha Corporation, Tyco International plc, Robert Bosch GmbH, Huawei Technologies Co. Ltd, and Siemens Aktiengesellschaft.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

• In June 2023, Becklar, LLC, specializing in safety solutions, bought out a well-known supplier of remotely monitored security systems, Eyeforce Inc. By giving dealers in the North America region access to a wider and more advanced selection of linked safety products, the acquisition seeks to enhance Becklar LLC's existing offers. Consequently, Eyeforce Inc. uses live audio response, AI analytics, and video monitoring to improve security, deter crime, and lower losses and theft in commercial buildings. In the safety solutions sector, this strengthens the potential of the recently formed partnership.

• Hangzhou Hikvision Digital Technology Co *
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Axis Communications AB
• Panasonic Corporation
• Honeywell International Inc.
• United Technologies Corporation
• Hanwha Corporation
• Tyco International plc
• Robert Bosch GmbH
• Huawei Technologies Co. Ltd
• Siemens Aktiengesellschaft

“*” marked represents similar segmentation in other categories in the respective section.