Video Surveillance Market Segmentation:
Component Segment Analysis
The hardware segment is projected to account for 49.1% of the global video surveillance market share by 2035. The rapid adoption of AI-integrated surveillance cameras and 4K imaging technologies is directly accelerating the demand for specialized hardware products. The swift growth in public infrastructure projects is also contributing to the segmental growth. For instance, in March 2024, the U.S. Department of Transportation allocated USD 54 million to around 34 projects across 22 states, including the District of Columbia and Puerto Rico. The favorable support from the government is poised to double the revenues of video surveillance hardware producers in the years ahead.
System Type Segment Analysis
The IP video surveillance system segment is anticipated to capture 62.5% of the global market share throughout the forecast period. IP-based systems are more preferred than analog due to their scalability, remote monitoring capabilities, and integration with cloud and edge AI platforms. The National Institute of Standards and Technology (NIST) states that IP systems are the key foundation of smart infrastructure and IoT deployments. NIST’s Smart Grid and Smart Cities initiatives explicitly highlight IP-based, real-time surveillance systems as key enablers of urban resilience and operational visibility. Such observations are opening high-earning opportunities for IP video surveillance system producers. Also, the declining costs of broadband and 5G rollout in markets such as Japan and South Korea are contributing to the IP system penetration.
End user Segment Analysis
The commercial segment is expected to expand at a rapid pace during the forecast period owing to increasing security, operational, and regulatory pressures in commercial spaces. Retail stores, malls, offices, banks, hotels, and warehouses are increasingly implementing video surveillance to deter theft and fraud, monitor employee or customer behavior, and ensure the safety of both staff and visitors. Technological advances, especially IP-cameras, cloud storage/VSaaS, AI video analytics, higher resolution, and outdoor/low-light capabilities, are making deployment more effective and affordable. Also, smart-city and regulatory mandates are pushing commercial verticals to adopt surveillance systems to comply with safety norms and crime prevention.
Our in-depth analysis of the video surveillance market includes the following segments:
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