Video Surveillance System Market - Growth, Trends, and Forecast (2019 - 2024)

The video surveillance system market is Segmented by Type (Software, Hardware, and Services), End-User Industry (Commercial, Infrastructure, Institutional, Industrial, Defense, and Residential), and Geography.

Market Snapshot

Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific



Key Players:

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Market Overview

The global video surveillance system market was valued at USD 40.37 billion in 2018, and is expected to reach a value of USD 95.98  billion by 2024, recording a CAGR of 15.53% over the forecast period (2019 - 2024). The use of video surveillance in business is growing significantly, owing to the increasing need for physical security, coupled with the use of cloud-based services for centralized data.
  • Video surveillance is majorly adopted in manufacturing, banking & financial services, and transportation and retail industries. This incorporation is higher in countries, such as the United States, the United Kingdom, China, and Brazil, owing to the large size of the concerned industries and higher awareness among consumers.
  • Globally, the drive to enhance the safety and security across different industries is adding to the market growth, significantly. With rapid developments in cloud computing and video surveillance software, the surveillance market has transformed, in comparison to the previous decade.
  • VSaaS has been increasing over the recent years, owing to the market penetration of IP camera sales. Significant factors, such as IT cost containment by major IT organizations, the emergence of data centers, and improving functionalities associated with centralized data, are aiding the VSaaS segment.
  • The growth of the video surveillance market is expected to be fueled by the introduction of new IP-based digital technologies, to detect and prevent undesirable behaviors, such as shoplifting, thefts, vandalism, and terror attacks.

Scope of the Report

Video surveillence systems is a group of  one or more video cameras on a network that sends the information of the captured video or audio over to a certain place. This information or the captured images are live monitored or sent a central location for storage and recording. This report segments the market based on type, end-user industry and geography.

By Type
By End-user Industry
North America
Rest of Europe
Asia Pacific
Rest of Asia-Pacific
Latin America
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

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Key Market Trends

Commercial sector is Expected to Hold the Largest Market Share in the Forecast Period

  • In the recent years, the demand for video surveillance in the commercial segment has increased substantially. The various end users in this segment include - banking & financial, retail or wholesale, and media & entertainment industries.
  • In banks and financial institutions, the increasing number of thefts and fraudulent transactions, in addition to stringent regulatory environment are expected to bolster the deployment of video surveillance systems.
  • For instance BS/2, a Lithuanian banking technology company and VisionLabs, announced a strategic partnership for contactless identification that would help the comapnies to greatly increase security and would ward off the risks associated with the fradulent or unlawful activities while operating self service terminals there by making ATMeye.iQ full-scale self-service video surveillance and fraud prevention system and LUNA face recognition platform  the foundation for the introduced services.
  • In the retail sector, video surveillance is deployed to prevent shoplifting. They are also used to keep a tab on the shop-floor activities, such as, the movements of employees, customers, goods, etc.
  • The video surveillence systems can also be used to track the consumer behavior at a store regarding a particular segment  in a retail store. For instance in a branch of KFC in Beijing, a computer through camera scans their faces decides on what people will eat by placing orders according to age, gender and mood.  
market trends video survilleance

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North America is Expected to Showcase Significant Market Growth

  • In the United States, after the 9/11 terror attacks, there has been a significant rise in the demand for effective security and surveillance System. Recently, Memphis Police Department (MPD) has teamed up with Hangzhou Hikvision Digital Technology, a supplier of innovative video surveillance products, to deploy holistic security solutions to ensure safety of the residents of Memphis.
  • Stadium operators are using advanced network surveillance System to monitor every corner of the stadium. The famous "Little League World Series" had tied up with Axis communications for implementing effective video surveillance solutions.
  • The integration of the video surveillance solutions in the transportation industry is one of the major trends observed in this region.
  • To enhance security for the Chicago public transportation System, the second largest city in the United States with 1.7 million daily traffic, the government relied on Sentry360 to establish a unified surveillance System.
video survilleance heat map

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Competitive Landscape

The competitive rivalry in the video surveillance market is high due to the presence of many key players constantly upgrading themselves in order to gain a competitive advantage over other players. The video surveillance market is currently dominated by major players like Honeywell, Bosch, Samsung, Schneider Electric, Panasonic and many more.

  • January 2019 - Axis launched new vulnerability Notification Email Services, that can be subscribed by customers to identify critical vulnerabilities in Axis surveillance products.

Major Players

  1. Honeywell Security Group
  2. Samsung Electronics
  3. Panasonic Corporation
  4. FLIR systems Inc.
  5. Schneider Electric S.E.

* Complete list of players covered available in the table of contents below

video survilleance market conc

Table of Contents





    1. 4.1 Market Overview

    2. 4.2 Value Chain / Supply Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Introduction to Market Drivers and Restraints

    5. 4.5 Market Drivers

      1. 4.5.1 Augmented Demand of IP Cameras

      2. 4.5.2 Emergence Of Video Surveillance-as-a-Service (VSAAS)

      3. 4.5.3 Increasing Demand For Video Analytics

    6. 4.6 Market Restraints

      1. 4.6.1 Privacy and Security Issues

      2. 4.6.2 Need for High-capacity Storage for High-resolution Images

      3. 4.6.3 Government Intervention for Preventing Institutional Wrong Doings


    1. 5.1 By Type

      1. 5.1.1 Software

      2. 5.1.2 Hardware

      3. 5.1.3 Services

    2. 5.2 By End-user Industry

      1. 5.2.1 Commercial

      2. 5.2.2 Infrastructure

      3. 5.2.3 Institutional

      4. 5.2.4 Industrial

      5. 5.2.5 Defense

      6. 5.2.6 Residential

    3. 5.3 Geography

      1. 5.3.1 North America

        1. US

        2. Canada

      2. 5.3.2 Europe

        1. Germany

        2. UK

        3. France

        4. Rest of Europe

      3. 5.3.3 Asia Pacific

        1. China

        2. Japan

        3. India

        4. Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. Brazil

        2. Argentina

        3. Rest of Latin America

      5. 5.3.5 Middle East and Africa

        1. UAE

        2. Saudi Arabia

        3. South Africa

        4. Rest of Middle East and Africa


    1. 6.1 Company Profiles

      1. 6.1.1 Axis Communications AB

      2. 6.1.2 Bosch Security Systems Incorporated

      3. 6.1.3 Honeywell Security Group

      4. 6.1.4 Samsung Group

      5. 6.1.5 Panasonic Corporation

      6. 6.1.6 FLIR systems Inc.

      7. 6.1.7 Schneider Electric

      8. 6.1.8 NICE Limited

      9. 6.1.9 Infinova Corporation

      10. 6.1.10 Zhejiang Dahua Technology Company Limited

      11. 6.1.11 Hangzhou Hikvision Digital Technology Company Limited

    2. *List Not Exhaustive


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