Video Surveillance Market Share

North American Market Forecast

North America is expected to constitute a significant share of 39% of the global video surveillance market. The factors that contribute to the development of the market in North America include established IT infrastructure and a significant installed base in the United States. The U.S. has the highest market share worldwide when it comes to security cameras per capita. In addition, significant investments in this region have been attracted by a strong presence of global manufacturers.

APAC Market Statistics

The Asia Pacific video surveillance industry is projected to grow at a CAGR of 15.4% during the forecast period. It is a major market for the deployment of video surveillance, given that many Asia Pacific countries are spending heavily on infrastructure and Smart Cities initiatives. The Chinese government, for instance, has started a significant "safe city" effort. In order to improve security and lower crime rates nationwide, it calls for the installation of millions of IP cameras in public areas. These factors are bolstering the market growth in the region rapidly.