Asia-Pacific Leads Rapid Growth in Global Video Surveillance Industry

According to the latest market research study published by P&S Intelligence, the global video surveillance market is poised for significant growth, expected to reach USD 99.7 billion by 2030 from USD 58.5 billion in 2024, driven by a robust CAGR of 9.3%. This expansion is largely attributed to the increasing demand for enhanced security across various sectors, including commercial, industrial, and public spaces. Advancements in artificial intelligence (AI) and video analytics, as well as the rising adoption of Internet Protocol (IP)-based surveillance systems, are propelling the market forward. Additionally, regulatory pressures to bolster security measures are contributing to the widespread implementation of advanced surveillance technologies.

The shift towards AI-powered surveillance systems, capable of real-time monitoring and intelligent data analytics, is reshaping the security landscape. Moreover, the growing need for remote video surveillance and cloud-based storage is further driving the demand for modernized surveillance solutions.

To learn more about this report: https://bit.ly/424rb2Z

Key Insights

  • The video surveillance market is projected to grow from USD 58.5 billion in 2024 to USD 99.7 billion by 2030, with a CAGR of 9.3%.
  • IP-based video surveillance systems are rapidly replacing traditional analog systems due to improvements in processing capabilities and cost reductions.
  • AI-driven video analytics are transforming surveillance by automating tasks such as object recognition and automated license plate recognition, providing both security and operational insights.
  • The hardware segment, which includes cameras, storage devices, and displays, dominates the market with a 50% share in 2024, driven by increasing installations across public and private sectors.
  • Video Surveillance as a Service (VSaaS) is emerging as the fastest-growing category, with a CAGR of 9.6%, offering advantages like remote viewing and integration with existing video management systems.
  • The commercial sector leads the market, accounting for 40% of the market share, as businesses prioritize security to prevent theft, unauthorized access, and other criminal activities.
  • The industrial segment is the fastest-growing, with a CAGR of 9.8%, fueled by the need to protect industrial facilities and monitor safety conditions in sectors such as manufacturing and energy.
  • The Asia-Pacific (APAC) region is the largest and fastest-growing market, with a CAGR of 9.7%, driven by rapid urbanization, security needs in smart cities, and increased investments in surveillance infrastructure.
  • AI-driven video surveillance is increasingly used in diverse industries, including retail, banking, and transportation, offering enhanced security through advanced monitoring and analysis techniques.
  • Data privacy and security concerns, particularly with cloud-based storage, are significant challenges that may impact market growth, prompting stricter regulations and technological advancements to safeguard surveillance data.

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