Video Surveillance Systems Market Overview
The global video surveillance systems market size reached US$ 65.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 213.0 Billion by 2032, exhibiting a growth rate (CAGR) of 13.7% during 2024-2032.
Video Surveillance Systems Companies
Video surveillance systems are technical configurations that use strategically positioned video cameras to capture and monitor activity inside a designated area. These systems provide several functions, including improving security, discouraging illegal activity, and offering proof in court. Additionally, cameras, recorders, and monitors for live viewing are commonly included in video surveillance systems. The creation of advanced surveillance systems with features such as motion detection, facial recognition, and remote access capabilities is due to recent technological breakthroughs. These kinds of systems are employed in numerous contexts, including public locations, commercial buildings, residential neighborhoods, and government establishments. They are essential for maintaining security and safety as they make it possible to monitor occurrences in real time and analyze them later. At present, video surveillance systems aid in the investigation and prevention of crime by offering important visual evidence across the globe.
Top 12 Video Surveillance Systems Companies in the World:
- Axis Communications AB (Canon Inc.)
- Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH)
- Eagle Eye Networks Inc.
- Hangzhou Hikvision Digital Technology Company Limited
- Honeywell International Inc.
- Infinova Corporation
- Panasonic Corporation
- Qognify Inc.
- Samsung Electronics Co. Ltd.
- Schneider Electric SE
- Sony Group Corporation
- Zhejiang Dahua Technology Co. Ltd.
The leading companies in the video surveillance systems industry are putting several tactics into practice to support market expansion. They are also providing functions such as object detection, behavior analysis, and facial recognition, among others. It involves integrating artificial intelligence (AI) and machine learning (ML) algorithms which enhance security and make proactive threat detection possible. Businesses are also investing in the development of high-resolution cameras with cutting-edge capabilities like thermal imaging, panoramic views, and night vision to offer better and more thorough surveillance coverage. They may expand their client base and open up new revenue sources by providing specific solutions that cater to the particular requirements of each area. For instance, in November 2023, Axis Communications unveiled its newest video innovations at ISC East 2023, demonstrating its continued dedication to developing technologies for a more intelligent and secure society. Axis is thrilled to present its newest products as a vital component of its commitment to research and development (R&D), which has produced over 120 new products and solutions in the previous year alone. These include deep learning-capable multidirectional panorama cameras, high-performance bullet cameras, and a stainless-steel dome camera designed for harsh situations. Axis also releases new, adaptable video recorders and makes major improvements to its AXIS Object Analytics.
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