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Video surveillance camera market size worldwide 2019-2025

In 2019, the video surveillance camera market stood at 23.6 billion U.S. dollars, with forecasts predicting that it will grow to 44 billion U.S. dollars by 2025. As suggested by the source, the market will benefit from increased adoption of smart camera systems.

Security and surveillance: 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. With this technology, along with the relevant analytics software, a surveillance camera can monitor risks against a threshold, alerting a human when a real threat is detected. This would allow the observer to manage hundreds of cameras at one time, with examples of this in practice being smart policing and facial recognition systems.

COVID-19 and surveillance

The coronavirus (COVID-19) outbreak has further increased awareness of the need to ensure the safety and security of people. Whether it be through the enforcement of social distancing measures or monitoring the spread of the virus to save lives, surveillance technologies are being tested and adopted across the world so that economies and ways of living can return to as close to normal as possible, both in public spaces and private areas within a business. Amazon has piloted a system that sends real-time warnings to workers if they’re standing too close to each other in the hope of curbing the spread of the virus and abiding strict regulations. However, concerns over the use of such surveillance methods have been raised, particularly how data from this could be used to evaluate a worker's productivity, with the potential for breaches of privacy a possibility in the future.

Video surveillance camera market size worldwide in 2019 and 2025

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Source

Release date

July 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

* Forecast.

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