CCTV Market is to Touch $50.2 Billion by 2030; Technological advancements in CCTV systems and Growing demand for public safety and security propels market growth.

The CCTV Market size is estimated to reach $50.2 Billion by 2030, growing at a CAGR of 14.2% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “CCTV Market – By Pixel Resolution (Less than 1.0 MP, 1.1 - 3.0 MP, 3.1 - 5 MP, More than 5 MP), By Direction type (Omnidirectional, Unidirectional), By Use type (Indoor, Outdoor), By Type (Infrared, Box, Dome, PTZ, Bullet, Others), By System Type (Analog Based, IP Based), By Application (Infrastructure, Border Security, Commercial, Residential, Industrial, Institutional, Others), By Sales channel (Dealers, Retailers, Direct Sales, Online Sale), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Integration of AI and advanced analytics in CCTV systems and Cloud-based video surveillance and remote monitoring are expected to create growth opportunities in the market during forecast period.

North America dominated the CCTV Market in 2023 followed by APAC and Europe. The rapidly growing population which is projected to be $8.6 billion by 2030 by the United Nations, will enable real-estate industry to observe a disruptive growth. The Commercial constructions such as office and retail buildings are growing in countries like the U.S. and India.  

The demand for 4K and ultra-high-definition cameras in CCTV systems is a growing trend as businesses and consumers seek sharper, more detailed footage for enhanced security. These high-resolution cameras provide clear images even in challenging conditions, such as low-light environments or large, open spaces like parking lots and stadiums. The ability to zoom in on specific areas without losing image clarity makes 4K cameras ideal for monitoring vast areas while maintaining attention to detail. This improvement in resolution is particularly beneficial for sectors like retail, transportation, and public infrastructure, where identifying small details, such as faces or license plates, can be crucial for preventing or investigating incidents.

Wireless and IP-based CCTV systems are rapidly gaining popularity, particularly as they offer greater flexibility, ease of installation, and scalability compared to traditional analog systems. Unlike wired systems, wireless CCTV can be deployed in areas where cabling would be costly or impractical, making them highly versatile for residential, commercial, and industrial applications. Additionally, IP-based systems, which use the internet to transmit video data, provide superior image quality, remote access, and integration with other IoT devices. This connectivity allows for features like real-time viewing, mobile alerts, and system updates, enhancing the overall security experience. IP cameras also integrate seamlessly with cloud-based storage, further driving the trend toward smart and connected security ecosystems. 

Key companies profiled in the CCTV Market are Samsung, Sanyo, Honeywell, FLIR, Sony, Avtech, Zicom, Panasonic, LG Electronics, Schneider Electric, and Others.