Video Surveillance Market Expected to Reach $204.5 Billion, Globally, By 2032 at 12.8% CAGR: Allied Market Research
WILMINGTON, Del., Dec. 6, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Video Surveillance Market By Component, Enterprise Size, System Type, Customer Type, and Application: Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global video surveillance market was valued at $61.84 billion in 2022, and is projected to reach $204.45 billion by 2032, registering a CAGR of 12.83% from 2023 to 2032.
- However, the software segment is projected to register the highest CAGR of 14.41 % from 2023 to 2032 due to an increase in demand for algorithm of video analytics software.
- However, the small-scale enterprise is projected to register the highest CAGR of 14.47 % from 2023 to 2032.
- Get Customized Reports with your Requirements:
By system type, the IP surveillance segment held the highest market share in 2022, accounting for more than half of the global video surveillance market revenue and is expected to maintain its leadership status throughout the forecast period. - Region wise, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global video surveillance market revenue.