According to a new report, published by KBV research, The Global Video Surveillance Market size is expected to reach $165 billion by 2031, rising at a market growth of 12.3% CAGR during the forecast period.
The IP Surveillance segment exhibits a CAGR of 12.4 % during the forecast period. The growth of this segment can be attributed to the increasing adoption of internet protocol (IP) cameras, which offer higher resolution, greater scalability, and advanced features compared to traditional analog systems. IP surveillance systems are known for their flexibility, as they can be easily integrated into existing IT infrastructure and provide remote access via the internet.
The Commercial segment is leading the Global Video Surveillance Market by End User in 2023; thereby, achieving a market value of $57.5 billion by 2031. This significant share is driven by the widespread adoption of video surveillance systems across various commercial sectors, including retail, banking, hospitality, and corporate offices. Businesses increasingly rely on surveillance systems to ensure security, monitor customer behavior, prevent theft, and ensure employee safety.
The Software segment is experiencing a CAGR of 12.8% during (2024 - 2031). The software segment plays a crucial role in enhancing the functionality and effectiveness of video surveillance systems. This segment includes video management software (VMS), video analytics software, and other software solutions allowing video footage monitoring, analysis, and management. As video surveillance systems become more sophisticated, the need for advanced software solutions to process and interpret data, such as using artificial intelligence for facial recognition or anomaly detection, is increasing.
Full Report: https://www.kbvresearch.com/video-surveillance-market/
The Asia Pacific region dominated the Global Video Surveillance Market by Region in 2023; thereby, achieving a market value of $67.01 billion by 2031. The North America region would capture a CAGR of 11.6% during (2024 - 2031). Additionally, The Europe region is expected to witness a CAGR of 12% during (2024 - 2031).
By System Type
By End User
By Component
By Geography
Unique Offerings 
