To estimate the size of the video surveillance market, we have considered top-down and bottom-up approaches. This research study involves extensive usage of secondary sources, directories, and databases (such as, Factiva and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial aspects of video surveillance.

The software component market has a high growth rate during the forecast period. The implementation of software applications and neural technologies in biometric surveillance and implementation of advanced technologies such as bigdata analytics and Internet of Things with video surveillance is boosting the software market and make system more effective and accurate.

Thus, the demand for the software component is expected to be more than that for the hardware component in the future.

APAC accounted for the largest share of the video surveillance market in 2022; the market in the region is expected to grow at the highest CAGR between 2016 and 2022. Increasing economic developments, urbanization, and adoption of advanced technology are driving the market in the APAC region.

This report provides valuable insights regarding ecosystem of this market such as product developers and application developers, OEMs, system integrators, middleware and firmware providers, suppliers and distributors, cloud-based service providers, camera manufactures, software developers, biometric sensor providers, video recorders manufacturers, and standardization and testing firms. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing the efforts and investments.

One of the key restraining factors in the video surveillance market is the bandwidth issue which creates quality issue when capturing data in network camera and slows down the data transmission. In transportation applications, bandwidth issues are very high due to the mobility of vehicles.

Hikvision Digital technology Co., (China) is among the leading players in video surveillance and is specialized in video surveillance technology as well as manufactures innovative CCTV and video surveillance products. The major strategy adopted by this company is new product development to expand its present video surveillance market.

The key players in the ecosystem of the video surveillance market profiled in this report are Axis Communications AB (Sweden), Bosch Security Systems (U.S.), Zhejiang Dahua Technology Co., Ltd. (China), Hangzhou Hikvision Digital Technology Co., Ltd. (China), FLIR Systems Inc. (U.S.), Honeywell Security Group (U.S.), Avigilon Corporation (Canada), PELCO by Schneider Electric (U.S.), Panasonic System Networks Co., Ltd. (Japan), Samsung Techwin Co., Ltd. [Now Hanwha Techwin America] (South Korea), Nice Systems, Limited [Now Qognify] (Israel), and Infinova Corporation (U.S.).