Video Surveillance Market Analysis

Components (Hardware, Software, Video Surveillance as a Service (VSaaS))

During the projection period, the hardware segment in the video surveillance market is anticipated to hold the greatest share of about 60%. The demand for hardware is linked to the fact that hardware accounts for more than 65% of a video surveillance system's overall cost. Many hardware-based advances that offer greater low-light performance, object tracking, and built-in security have been made possible by the industry shift toward IP cameras. These elements are fuelling market expansion.

Type (Box Camera, Dome, Bullet, PTZ, IP, Day/Night, Thermal (FLIR) Camera, Wireless IP Camera)

Wireless IP camera segment is anticipated to hold the largest share of the video surveillance market. Compared with wire systems, it is easier to install wireless cameras. According to a report, there were more than 1 billion deployed security cameras worldwide by 2021. The company also predicted that 54% of these cameras are in China. There are often high installation costs associated with wire cameras on the network. With the lack of wires, such cameras can be placed at any location by users giving them greater flexibility. Users also get remote monitoring of their camera feeds from anywhere in the world using this Wireless Surveillance System. Some Wi-Fi cameras also connect to wireless monitors, allowing the monitoring and recording of the footage from security cameras.

Our in-depth analysis of the global market includes the following segments