Security Camera Market- By Type , By Resolution , Ultra High Definition , By End User , By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Security Camera Market

The Security Camera Market size is forecast to reach USD 50.2 billion by 2030, after growing at a CAGR of 14.2% during the forecast period 2024-2030. Increasing number of commercial buildings and small and medium enterprises are strengthening the deployment of Security Cameras in these sectors, owing to security and surveillance applications. The use of omnidirectional camera has been increasing in robotics including through utilization of artificial intelligence and internet of things, due to their wide field of view. Due to development in cloud services and networking technology particularly network attached storage, digital video recorders, IP omnidirectional cameras are becoming affordable for some major segments in video surveillance market. Infrared Security Cameras are vital for industries such as banking, government, military and others where thermal data management is critical. According to the World Health Organization 2022, Unsafe food in low- and middle-income countries costs US$ 110 billion annually in lost productivity and medical expenses, with children under 5 years bearing 40% of the foodborne disease burden, resulting in 125,000 deaths annually. To reduce some proportion of this cost, preventative measures such as usage of infrared SECURITY CAMERA will play a major role. Dealers grant special exchange offers related to low transaction cost and fast trade execution that include simple and easy trading mechanism, skipping the role of brokers and thus, avoiding extra cost. The application of Security Cameras in outdoor applications is continuously increasing in response to increased safety monitoring in public places. Due to harsh and extreme temperatures, thermal or infrared cameras which have great stability are gaining popularity.

Market Snapshot :

Security Camera Market Report Coverage

The report: “Security Camera Market – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Security Camera Market Report.
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: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan India, South Korea, Australia & New Zealand, Indonesia, Malaysia, Taiwan and Others), South America (Brazil, Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).

Key Takeaways

• The adoption of surveillance cameras for security in BFSI buildings, electric grids, malls, metro stations and others has raised the requirement for Security Cameras in such infrastructure. Sustainability and energy efficiency are emerging as significant considerations, driving the development of eco-friendly SECURITY CAMERA solutions that minimize environmental impact and operational costs.
• The construction segment in the Security Camera Market is anticipated to grow at a CAGR of 15.3% during the forecast period. There is a growing demand for AI-powered surveillance systems, enhancing capabilities like facial recognition and behavior analysis. This trend reflects the industry's focus on advanced security solutions
• 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. This increases the growth of Security Camera Market.s

Security Camera Market Segment Analysis - By Pixel Resolution

3.1 to 5.0 megapixels segment projected to grow with a CAGR of 14.6% during the forecast period. This category supports H.264 Zip+ technology, which reduces the bandwidth and increases around 50% of storage space, making it suitable for indoor and outdoor applications such as in governmental infrastructure, offices, educational facilities and retail stores for Point of Sale (POS) monitoring. The fastest growing segment will be More than 5.0 MP, and projected to grow with a CAGR of 19% during the forecast period. 

Security Camera Market Segment Analysis - By Application 

The rapidly growing population which is projected to be 8.5 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. Artificial Intelligence (AI) integration is enhancing SECURITY CAMERA systems, enabling advanced analytics for real-time threat detection and proactive security measures. Additionally, there's a noticeable shift towards high-definition and 4K resolution cameras, providing clearer and more detailed footage for improved surveillance and evidence collection. Moreover, the adoption of integrated smart systems, including IoT devices and mobile applications, is streamlining SECURITY CAMERA management and enhancing operational efficiency. Thus, it will increase the usage of Security Cameras for security applications in commercial sector over the forecast period.

Security Camera Market Segment Analysis - By Geography

North America is the leading region in Security Camera Market, where the U.S. is the major contributor, owing to increased demand for small installations and advanced workplace surveillance, which simultaneously drives demand for the Security Camera Market. According to the report by BuiltWorlds Inc., 50% of all constructions in the U.S. from 2019 to 2023 are expected to occur in just 20 cities. From those cities, New York, Los Angeles, Dallas, Houston and Washington, are expected to generate higher demand for Security Cameras. This will drive the North America market by 12.9% CAGR through 2030.

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Security Camera Market Drivers

Growth in the Real Estate 

The U.N. has projected that world population will grow rapidly to 8.5 billion by 2030, which will lead to disruptive growth in the real-estate industry. Hence, real-estate industry growth will boost the Security Camera Market to aid in security & surveillance applications. According to JLL, Although the impact of COVID is still being felt, many parts of the world are now moving towards living with the virus as opposed to operating with strict restrictions. This is flowing through to real estate markets with demand picking up in those sectors highly impacted by restrictions such as office, retail and hotels. Uncertainty however remains a key theme going forward as concerns remain around new variants, emerging geopolitical issues and elevated inflation. 

Stringent Government Regulations

The Security Camera Market is positively influenced by the government regulations. Governments in the Middle East region are highly concerned regarding safety and security of public and private infrastructure. IP-based surveillance systems have already been deployed in Dubai, Abu Dhabi, and other Gulf nations. Surveillance systems have undergone drastic transformations, owing to real-time video analytics. The UK in particular has been a driver in the adoption of SECURITY Cameras. According to the Freedom of Information Act 2000 requests in 2023, the total number of local government operated SECURITY Cameras was around 52,000 over the entirety of the UK. Highway surveillance has benefitted from evolution of Security Cameras. Government regulations are also embracing technologies for enhancing safety and security, and the infrastructure. The implementation of GDPR has led to increased focus on SECURITY CAMERA utilization inline with privacy laws. For example, in Sweden, the use of SECURITY CAMERA in public spaces is regulated both nationally and via GDPR (the European privacy act). Despite these privacy laws, SECURITY CAMERA usage continues to be driven by Government safety regulations.

Security Camera Market Challenges 

Data Privacy and Internet speed Issues with IP Based SECURITY Cameras

Less Internet penetration and inadequate Internet speed is also an issue that can pose hurdles in the growth of the IP Based Security Camera Market in many under developed and developing countries. Good internet connection, reliability and adequate Internet speed is the primary factor considered while incorporating IP Based Security Cameras. Transferring data over the internet, increase the chances of data exposure to remote attacks, thus, SECURITY Cameras market is facing a major challenge of security breach that involve transferring of sensitive data. 

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Security Camera Market. The SECURITY CAMERA top 10 Companies include

1. Samsung
2. Sanyo
3. Honeywell
4. FLIR
5. Sony
6. Avtech
7. Zicom
8. Panasonic
9. LG Electronics
10. Schneider Electric

Recent Developments

• In January 2024, Consistent Infosystems, a rapidly expanding Indian IT brand, has launched a new lineup of Made in India surveillance cameras, bolstering its robust Security & Surveillance product range. The new surveillance camera range offers a comprehensive solution, featuring Smart Wireless 4G PT, Solar 4G, Wireless Pan-Tilt Wifi 3MP/4MP Mini Wi-Fi P2P, 4G Color, and 4G Dome SECURITY Cameras.
• In July 2023, Versuni, formerly Philips domestic appliances, introduced smart security cameras and a Home Safety app. The lineup includes indoor & weatherproof 360° Wi-Fi cameras, utilizing AI for accurate motion detection, reducing false alerts, with 24/7 control.

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