CCTV Cameras Market Size

CCTV Camera Market size was over USD 43.7 billion in 2023 and is projected to reach USD 329.1 billion by the end of 2036, witnessing around 18.3% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of CCTV camera is evaluated at USD 51.1 billion.

CCTV cameras play a pivotal role in public safety by providing deterrence of criminal activities. Networked security video systems typically consist of recording devices and analog or IP cameras, with real-time monitoring capabilities that capture video-only feeds.  Furthermore, modern residential security systems use smart home technology to send email or SMS alerts when an unusual activity is detected, thereby facilitating swift response. The CCTV camera market adoption is driven by increasing crime rates in both public and private spaces. According to a 2024 report by the World Population Review, more than 5 countries have a crime index of more than 75 including Venezuela, Papua New Guinea, Afghanistan, Haiti, and South Africa. While countries like Tuvalu, Nauru, Palau, San Marino, and many more have a crime index rate of less than 10. In addition, the U.S. Department of State re-issued a “Level 4: Do Not Travel” travel advisory for Venezuela driven by their high civil unrest and crimes.