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Dublin, November 19, 2021 /PRNewswire VSaaS)), Systems (IP, Simulation), Vertical and Geography-Global Forecast to 2026" report has been added to ResearchAndMarkets.com products.

The global video surveillance market is expected to grow from US$42.9 billion in 2021 to US$69.1 billion in 2026; it is expected to grow at a compound annual growth rate of 10% during the forecast period.

The enhancement of video surveillance camera hardware functions, including the enhancement of camera functions, mature technology, functions and customized systems, as well as the increasing use of software analysis and artificial intelligence in video surveillance, is expected to become the main driving force of the market. The enhancement of IoT capabilities, the upcoming smart cities, and the use of thermal imaging cameras to respond to COVID-19 are expected to provide short- and long-term opportunities for market growth.

The video surveillance software market with the highest compound annual growth rate during the forecast period

Modern VMS has the function of integrating various software applications, such as people counting, facial recognition and license plate recognition. Real-time video analytics can provide important insights about events or activities in multiple verticals. Various software functions meet the different needs of end users, thereby driving the growth of the video surveillance software market.

Throughout the forecast period, the IP camera market will have higher growth

Compared to analog cameras, IP cameras have better features because they can perform digital processing within the camera, such as compression and motion detection, and include other hardware components for encoding/decoding or network security. In the past few years, the trend of converting analog systems to digital systems has increased. IP cameras use various video encoding or compression technologies, available network protocols, and application programming interfaces (APIs) used by video management software to save video data.

During the forecast period, the vertical infrastructure market will grow at the highest compound annual growth rate

The infrastructure vertical market is expected to record the highest compound annual growth rate during the forecast period. Urban surveillance is the main application of the video surveillance market in the field of infrastructure, and it is expected to grow rapidly. Increased investment by governments to improve the safety of public places is also expected to drive market growth. For example, it is estimated that by 2023, China's smart city market will increase from USD 30.4 billion in 2018 to USD 59.9 billion.

In 2015, the Indian government plans to build 100 smart cities through the Smart City Program. Among them, many states such as Gujarat and Madhya Pradesh have completed smart city projects that integrate advanced video surveillance systems. As of August 2021, the project is still in progress. More and more smart city projects will need to implement various security and monitoring systems to drive market growth during the forecast period.

The Asia-Pacific market will grow at the highest compound annual growth rate during the forecast period

Due to massive investments in infrastructure and smart city projects, the Asia-Pacific region is the fastest growing region in the video surveillance market. Due to the large-scale deployment of urban surveillance networks in China to monitor millions of citizens across the country, the use of security cameras in the Asia-Pacific region is expected to increase. The acceleration of urbanization in the Asia-Pacific region has promoted the development of emerging cities, manufacturing and retail industries, and other applications in other countries.

The penetration rate of surveillance cameras in places such as small and medium-sized enterprises, hotels, airports, ATMs, banks, residential buildings, and religious sites has continued to increase, which is also expected to promote the growth of the video surveillance market. Major players in this region include Dahua Technology (China), Hikvision (China), Hanwha Techwin (South Korea) and Uniview (China).

This research report categorizes the video surveillance market based on product, system, vertical, and region. The report describes the main drivers, constraints, challenges and opportunities related to the video surveillance market, and forecasts to 2026 (including analysis of the impact of COVID-19 on the market). In addition, the report also includes leadership mapping and analysis of all companies in the video surveillance ecosystem.

For more information about this report, please visit https://www.researchandmarkets.com/r/a506bc

Research and Marketing Laura Wood, Senior Manager [email protected] Call 1-917-300-0470 during US Eastern Time Office Hours, US/Canada Toll Free 1-800-526-8630 GMT Office Hours, Call 353-1-416-8900 US Fax: 646-607-1907 Fax (Outside the US): 353-1-481-1716

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