The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The surveillance technology market size has grown rapidly in recent years. It will grow from  $148.29 billion in 2023 to $169.05 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%.  The growth in the historic period can be attributed to increased use of mobile surveillance technology systems, integration of video surveillance with access control and alarm systems, emerging markets growth and increased adoption of video surveillance systems in educational institutions. The surveillance technology market size is expected to see rapid growth in the next few years. It will grow to  $301.61 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%.  The growth in the forecast period can be attributed to the low cost of investment with video surveillance as a service (vsaas), increasing government surveillance initiatives, increasing adoption of surveillance technology by hospitality sector and a rise in data security breaches. Major trends in the forecast period include new product launches, focus on merger and acquisition activities, focus on use of artificial intelligence (ai) in surveillance technology, focus on partnerships and collaborations, focus on advanced biometric surveillance control systems and focus on use of internet of things (iot) in surveillance technology.

The burgeoning need for safety in high-risk areas is a key driver propelling the growth of the surveillance technology market. The global increase in crime rates, varying across different countries, underscores the importance of advanced surveillance solutions. As of 2028, China, with a population of 1.4 billion, utilizes 200 million cameras for public safety, contributing to a crime index of 37, as reported by the World Population Review. Evidence from a review sponsored by Campbell Collaboration and conducted by Cornell University reveals a 51% reduction in crimes in parking lots and a 23% decrease in crime on public transportation in New York due to the use of surveillance cameras. This heightened need for safety in high-risk areas continues to propel the surveillance technology market, influencing the market size for 2028.

Get A Free Sample On The Surveillance Technology Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2507&type=smp

What Are The Key Trends That Influence Surveillance Technology Market Share Analysis?

Artificial Intelligence (AI) is increasingly being integrated into surveillance technology to enhance video analysis. AI in surveillance systems helps in analyzing video footage to identify significant events. For instance, IC Realtime’s Ella application uses advanced algorithms to analyze CCTV footage and search for important events. Ella can recognize numerous natural language queries, providing a new growth opportunity in the surveillance technology market through enhanced video monitoring capabilities.

Which Market Players Are Driving Growth In The Surveillance Technology Market?

Major companies operating in the market are Canon Inc, Motorola Solutions, AxxonSoft, Genetec, Qognify, NEC Corporation, Honeywell International Inc., Verint Systems, March Networks, Identiv, Matrix comsec, SecurAX Tech Solutions Pvt Ltd, AMAG Technology Inc, CloudWalk Technology Co Ltd, Shenzhen IntelliFusion Technology Co Ltd, NetPosa Technologies Ltd, Haimeng, Jin Ruan, Ruitec, Goldeweb, HID Global, Gallagher Security (Europe) Ltd, Vanderbilt Industries, Assa Abloy Emea, Dahua Technology Ltd, British Security Industry Association (BSIA), Fermax Electronica SAU, Delta Scientific Corporation, Userful Corporation, Anviz Global Inc, Vicon Industries, OnSSI, Packetlabs Ltd, Cyber Unit, Vumetric Cybersecurity, Cloudkeyz, ButterflyMX, Johnson Controls, Security Enhancement Systems, Openpath, Genea, Sequr Inc, Agility Technologies Corp (ATC), Wolpac, Control iD, Avigilon Corporation, 2point0 Concepts, DSX Access Systems, Inc, Evolv Technology, Al Nahr Company for Security Solutions, AL Smari Trading, Ametrad Technology Services Co, Biosec Solutions, BIO-key, BioRugged (Pty) Ltd

How Is The Global Surveillance Technology Market Segmented?
The surveillance technology market covered in this report is segmented –
1) By Technology: Video Surveillance, Big Data, Police Body Cameras, Biometrics, Domestic Drones, Face Recognition Technology, RFID Chips, Stingray Tracking Devices
2) By Storage: On-Premise, Cloud
3) By End-User: BFSI (Banking, Financial Services And Insurance), Government, Healthcare, Manufacturing, Retail, IT And Telecommunication, Media And Entertainment, Education, Other End-Users

Read The Full Surveillance Technology Market Report Here

https://www.thebusinessresearchcompany.com/report/surveillance-technology-global-market-report

The Surveillance Technology Global Market Report 2024 provides an overview of the surveillance technologymarket 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 and their market positions.

The Table Of Content For The Surveillance Technology Market Include

1. Surveillance Technology Market Executive Summary
2. Surveillance Technology Market Segments
3. Surveillance Technology Market Size And Template Market Growth Rate
4.  Key Surveillance Technology Market Trends
5. Major Surveillance Technology Market Drivers
……
25. Key Mergers And Acquisitions In The Surveillance Technology Market
26. Top Surveillance Technology Companies
27. Surveillance Technology Market Opportunities And Strategies
28. Surveillance Technology Market, Conclusions And Recommendations
29. Appendix

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: