DUBLIN--(BUSINESS WIRE)--The "United States Video Surveillance Market Report Forecast by Component, System Type, Application, States and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The United States Video Surveillance Market will reach US$ 50.54 billion by 2032, up from US$ 18.57 billion in 2023, with a CAGR of 11.77% between 2024 and 2032.
Government laws and standards drive the requirement for comprehensive surveillance systems; innovations in high-definition cameras, cloud-based storage, and integrated analytics strengthen system capabilities and drive down costs, all contributing to the expansion of the video surveillance market in the United States. Growing security concerns, increased adoption in smart cities and infrastructure projects, and technological advancements in AI and IoT also drive the market.
United States Video Surveillance Industry Outlooks
The majority of private-sector retail and commercial buildings in the US, including hotels, restaurants, and office complexes, have surveillance cameras. For security and safety reasons, video surveillance uses cameras and recording devices to watch and document activity in different areas. A network of strategically positioned cameras is usually part of it; these cameras record live video that can be watched immediately or recorded for later inspection.
The system commonly interfaces with other technologies to enable remote monitoring, detect anomalous activity, and issue alerts. Examples of these other technologies include motion sensors and analytics software. Common uses include bolstering security, assisting in crime prevention and investigation, and safeguarding public areas, businesses, and private properties.
Regulatory restrictions, technical developments, and growing security concerns are driving expansion in the U.S. video surveillance market. AI, IoT, and high-definition camera use all increase system performance and efficiency. For the protection of infrastructure and public safety, modern surveillance technologies must comply with industry standards and government requirements. Demand is also increased by the growth of infrastructure projects and smart city initiatives. The market is also growing because of the necessity for integrated security solutions in industries including transportation, healthcare, and retail, as well as the falling costs of technology.
Driving Forces of United States Video Surveillance Market
Heightened Security Concerns
Increased security concerns are one of the main drivers of the US video surveillance market's growth. Because of the necessity to maintain safety in busy areas, the threat of terrorism, and the rise in crime, there has been a greater emphasis in recent years on safeguarding both public and private areas. The need for sophisticated video surveillance systems with real-time monitoring, thorough recording, and quick response times is fueled by this increased feeling of vulnerability.
Strong surveillance systems are necessary in locations like government buildings, malls, and schools due to high-profile emergencies and catastrophes like mass shootings and public disturbances. Consequently, there is an increasing need for integrated security solutions, high-resolution cameras, and advanced analytics that can improve situational awareness and help avoid or mitigate incidents.
The necessity for cutting-edge monitoring technologies is also made more urgent by the rising frequency of cyberattacks and data breaches. Institutions and organizations are spending money on surveillance systems with improved cybersecurity features to safeguard video data from manipulation and illegal access. The video surveillance industry in the United States is growing steadily due to its all-encompassing approach to security.
Growth in IoT and Cloud Computing
The increase of the video surveillance business in the United States has been largely fueled by the development of cloud computing and the Internet of Things (IoT). The Internet of Things has transformed surveillance systems by making it possible for linked devices to easily interact and work together. The integration of cameras, sensors, and other devices enables the development of intelligent surveillance networks that offer all-encompassing security solutions. To improve overall security efficacy, IoT-enabled cameras, for example, can interact with access control and alarm systems to trigger automatic reactions in real time.
The provision of scalable and adaptable storage solutions by cloud computing has further fueled industry expansion. Cloud-based platforms provide the off-site storage of large volumes of video data, negating the need for expensive on-premises infrastructure and facilitating remote access and control. Furthermore, artificial intelligence and advanced analytics are supported by cloud computing, allowing for the absence of a large local infrastructure requirement for advanced capabilities like data analysis, real-time warnings, and remote monitoring.
The integration of IoT and cloud computing has improved the affordability, accessibility, and functionality of video surveillance systems, leading to their widespread acceptance in a variety of industries, including public safety, commercial, and residential. The growing video surveillance market in the United States can be attributed in large part to this technical synergy.
Technological Advancements
The video surveillance market in the United States has grown tremendously as a result of technological advances. Advancements like 4K and high-definition (HD) quality cameras have improved visual sharpness and detail, increasing the efficacy of surveillance systems for monitoring and security. By enabling cutting-edge features like facial recognition, motion detection, and predictive analytics, the industry has undergone even more transformation thanks to the integration of artificial intelligence (AI) and machine learning. The efficiency of monitoring operations is increased by these technologies, which enable automated reactions and real-time threat identification.
Furthermore, as Internet of Things (IoT) connectivity has grown, intelligent surveillance systems have been created. These devices may be remotely controlled and monitored via cloud-based and mobile applications. Because of its improved accessibility and scalability, video surveillance can now better accommodate a wider range of requirements.
The industry has grown as a result of the widespread use of data storage options, such as cloud storage, which offer scalable and affordable methods for organizing and evaluating massive amounts of surveillance video. All in all, these technological developments are propelling a rise in the use of video surveillance systems in a number of industries, such as public safety, healthcare, and retail, which is helping to expand the market as a whole.
Florida Video Surveillance Market
A number of variables are propelling the strong expansion of the Florida video surveillance industry. Advanced surveillance solutions are becoming more and more in demand as worries about security in both residential and commercial premises grow. Increased security systems are required in both new and existing infrastructures due to the state's fast urbanization and population increase. Furthermore, the implementation of integrated surveillance systems is being driven by the growth of smart city efforts in places like Miami and Orlando, which are intended to improve traffic management and public safety.
By offering more scalable and efficient solutions, technological innovations like AI-driven analytics, cloud storage, and high-definition cameras are further propelling market progress. The state's infrastructure improvements and business-friendly atmosphere contribute to Florida's status as a thriving and expanding market for video surveillance solutions. When taken as a whole, these elements are stimulating market expansion and drawing in a variety of surveillance solution suppliers.
United States Video Surveillance Company Analysis
The key players in United States video surveillance industry are Honeywell International Inc., Robert Bosch GmbH, Schneider Electric SE, Panasonic Holdings Corporation, Cisco Systems Inc., TKH GROUP N.V., Motorola Solutions, Inc. and Verint Systems Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $18.57 Billion |
| Forecasted Market Value (USD) by 2032 | $50.54 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | United States |
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. United States Video Surveillance Market
6. Market Share Analysis
6.1 By Component
6.2 By System Type
6.3 By Application
6.4 By States
7. Component
7.1 Hardware
7.2 Software
7.3 Services
8. System Type
8.1 Analog Surveillance
8.2 IP Surveillance
8.3 Hybrid Surveillance
9. Application
9.1 Public Facility
9.2 Commercial
9.3 Residential
9.4 Industrial
9.5 Military & Defense
9.6 Infrastructure
10. States
10.1 California
10.2 Texas
10.3 New York
10.4 Florida
10.5 Illinois
10.6 Pennsylvania
10.7 Ohio
10.8 Georgia
10.9 New Jersey
10.10 Washington
10.11 North Carolina
10.12 Massachusetts
10.13 Virginia
10.14 Michigan
10.15 Maryland
10.16 Colorado
10.17 Tennessee
10.18 Indiana
10.19 Arizona
10.20 Minnesota
10.21 Wisconsin
10.22 Missouri
10.23 Connecticut
10.24 South Carolina
10.25 Oregon
10.26 Louisiana
10.27 Alabama
10.28 Kentucky
10.29 Rest of United States
11. Porter's Five Forces Analysis
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis
12.1.1 Strength
12.1.2 Weakness
12.1.3 Opportunity
12.1.4 Threat
13. Key Players Analysis
13.1 Overview
13.2 Key Persons
13.3 Recent Development & Strategies
13.4 Revenue Analysis
- Honeywell International Inc.
- Robert Bosch GmbH
- Schneider Electric SE
- Panasonic Holdings Corporation
- Cisco Systems Inc.
- TKH GROUP N.V.
- Motorola Solutions, Inc.
- Verint Systems Inc.
For more information about this report visit https://www.researchandmarkets.com/r/d66hn2
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