The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rise in need for safety in high-risk areas are expected to drive innovation in surveillance technology manufacturing, thus driving the market during the forecast period.

The global surveillance technology market is expected to grow from $130.08 billion in 2022 to $148.29 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The global surveillance technology market size is expected to grow to $234.72 billion in 2027 at a CAGR of 12.2%.

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Global Surveillance Technology Market Segments Include:

• By Technology: Video Surveillance, Big Data, Police Body Cameras, Biometrics, Domestic Drones, Face Recognition Technology, RFID Chips, Stingray Tracking Devices
• By storage: On premise, Cloud
• By End user: BFSI, Government, Healthcare, Manufacturing, Retail, IT & Telecommunication, Media and Entertainment, Education
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global surveillance technology market in 2021.

Major Market Players in the surveillance technology market include AxxonSoft, Milestone, Genetec, ExacqVision, Qognify, March Networks, Verint Systems, Magal Security Systems Ltd., Identiv, Panasonic Corporation.

Artificial Intelligence (AI) is increasingly being implemented in the surveillance technology market. Artificial intelligence in surveillance technology is to analyze what is happening in the video. For instance, an application and web platform named Ella developed by IC Realtime uses the most advanced algorithms to analyze the most important events in the video from CCTV footage or video feeds. In most of the video monitoring systems, we cannot search for a particular event. Ella has a smart search option to search for important events in the videos recorded. It can recognize hundreds of natural language queries. Therefore, the use of artificial intelligence, which is a new trend in the surveillance technology market, is likely to provide growth opportunities to this market.

The Surveillance Technology Global Market Report 2023  provides a surveillance technology market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The surveillance technology market forecast analyzes surveillance technology market size, surveillance technology market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Surveillance technology means an electronic device or system that has the ability to monitor and collect audio, vision, location, heat, or similar information about an individual or group.

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