Market Size of Europe Video Surveillance Systems Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 15.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Video Surveillance Market Analysis
The European video surveillance systems market is expected to register a CAGR of around 15.5% during the forecast period (2022-2027). Europe is one of the leading markets exhibiting an increased adoption of video surveillance systems due to the growing security concerns. The market is primarily driven by rising IT spending, increasing security spending, and government initiatives toward developing advanced security systems in the region.
- Video security surveillance systems are widely used in European public and private venues. Most EU institutions and bodies have video surveillance in operation on their premises, including small executive agencies with only a few CCTV cameras and EU institutions and bodies with seats in the many Member States operating several hundreds of cameras.
- Additionally, the growth in public and private infrastructure, expansion in the construction market, the opening of new hotels and shopping malls, and the flourishing tourism industry are some of the key factors that would propel the demand for video surveillance systems in Europe during the forecast period.
- Various companies are launching new security services to cater to the significant segment across Europe. For instance, in July 2021, Bosch Security and Safety Systems, based in Germany, announced the launch of its new FLEXIDOME panoramic 5100i camera range. This new product includes indoor and outdoor IR models offering 6- or 12-megapixel resolution with a stereographic fish-eye lens. Moreover, the cameras also feature a built-in microphone array.
- With advances in technology, most video surveillance devices, like IP security cameras, are connected to the internet and are thus at the risk of being hacked, which acts as a market restraint.
- The Covid-19 pandemic led to lockdown protocols that closed the opportunity for home security breaches as people were confined in their homes, negatively impacting video surveillance systems' demand. However, the rates have picked up again, with restrictions easing up.
Europe Video Surveillance Industry Segmentation
A video surveillance system is a network of cameras, display units, and recorders used to monitor people, facilities, or places from a distance. Video surveillance is a useful and economical method to ensure the security of people, buildings, and valuables.
The Europe Video Surveillance Systems Market has been segmented based on the component (Hardware, Software, Video as a Service), by End-User (Commercial, Infrastructure, Institutional, Industrial, Defense, Residential), and by Country (United Kingdom, Germany, France, Italy, Rest of Europe).
By Component | ||||||||
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Video as a Service (VSaaS) |
By End-User | |
Commercial | |
Industrial | |
Residential | |
Government |
By Country | |
United Kingdom | |
Germany | |
France | |
Italy | |
Rest of Europe |
Europe Video Surveillance Systems Market Size Summary
The European video surveillance systems market is set to grow significantly in the coming years, driven by increasing security concerns and rising IT spending. The market is characterized by the widespread use of video surveillance systems in both public and private venues across the region. Growth in public and private infrastructure, expansion in the construction market, and the flourishing tourism industry are expected to further fuel the demand for these systems. Companies are introducing new security services to cater to this growing market, with advances in technology leading to the development of more sophisticated and connected devices. However, the market also faces some challenges. The increased connectivity of surveillance devices, such as IP security cameras, exposes them to the risk of hacking, which could restrain market growth. The Covid-19 pandemic also had a negative impact on the demand for video surveillance systems, as lockdown measures reduced the opportunity for home security breaches. Despite these challenges, the market is expected to recover and continue its growth trajectory, supported by easing restrictions and the ongoing development of advanced security systems.
Explore MoreEurope Video Surveillance Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increased Spending in Advanced Security Systems
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1.1.2 Growth in Public and Private Infrastructure
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1.2 Market Challenges
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1.2.1 Security Concerns regarding Video Data
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2. MARKET SEGMENTATION
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2.1 By Component
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2.1.1 Hardware
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2.1.1.1 Camera
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2.1.1.1.1 Analog
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2.1.1.1.2 IP Cameras
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2.1.1.1.3 Hybrid
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2.1.1.2 Storage
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2.1.2 Software
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2.1.2.1 Video Analytics
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2.1.2.2 Video Management Software
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2.1.3 Video as a Service (VSaaS)
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2.2 By End-User
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2.2.1 Commercial
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2.2.2 Industrial
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2.2.3 Residential
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2.2.4 Government
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2.3 By Country
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2.3.1 United Kingdom
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2.3.2 Germany
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2.3.3 France
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2.3.4 Italy
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2.3.5 Rest of Europe
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Europe Video Surveillance Systems Market Size FAQs
What is the current Europe Video Surveillance Systems Market size?
The Europe Video Surveillance Systems Market is projected to register a CAGR of 15.5% during the forecast period (2024-2029)
Who are the key players in Europe Video Surveillance Systems Market?
Robert Bosch GmbH,, Videotec S.P.A, Axis Communications AB, MOBOTIX AG and Milestone Systems are the major companies operating in the Europe Video Surveillance Systems Market.