In 2023, of the applications that make up the global video surveillance market, the commercial segment is expected to account for a 36.84 percent share, whilst infrastructure applications are projected to make up 36.54 percent of the global market.
Residential Applications
Smart home refers to a house in which interconnected devices and home appliances are performing certain actions in order to save money, time, and energy. Security and control systems have been among the most popular smart home devices over the last few years. A smart home can integrate the security alarm into a complex system in which other actions are performed, such as blocking exits or providing access to surveillance footage via the internet.
Technology Adoption
Technology plays a major role in enhancing security and surveillance capabilities by offering many increasingly technical solutions for video surveillance. Included in this is the adoption of artificial intelligence (AI) technology, hardware or software that can replicate "human" behaviors such as learning and problem solving. In the AI surveillance space, technologies and solutions involved include smart city or safe city platforms, and facial recognition systems.
Video surveillance market share forecast worldwide in 2018 and 2023, by application
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BIS Research. (January 9, 2019). Video surveillance market share forecast worldwide in 2018 and 2023, by application [Graph]. In Statista. Retrieved October 04, 2024, from https://www.statista.com/statistics/1013935/video-surveillance-market-share-application-worldwide/
BIS Research. "Video surveillance market share forecast worldwide in 2018 and 2023, by application." Chart. January 9, 2019. Statista. Accessed October 04, 2024. https://www.statista.com/statistics/1013935/video-surveillance-market-share-application-worldwide/
BIS Research. (2019). Video surveillance market share forecast worldwide in 2018 and 2023, by application. Statista. Statista Inc.. Accessed: October 04, 2024. https://www.statista.com/statistics/1013935/video-surveillance-market-share-application-worldwide/
BIS Research. "Video Surveillance Market Share Forecast Worldwide in 2018 and 2023, by Application." Statista, Statista Inc., 9 Jan 2019, https://www.statista.com/statistics/1013935/video-surveillance-market-share-application-worldwide/
BIS Research, Video surveillance market share forecast worldwide in 2018 and 2023, by application Statista, https://www.statista.com/statistics/1013935/video-surveillance-market-share-application-worldwide/ (last visited October 04, 2024)
Video surveillance market share forecast worldwide in 2018 and 2023, by application [Graph], BIS Research, January 9, 2019. [Online]. Available: https://www.statista.com/statistics/1013935/video-surveillance-market-share-application-worldwide/