Farmington, Feb. 22, 2023 (GLOBE NEWSWIRE) -- The Global CCTV Camera Market Size Was Valued At USD 31.88 Billion In 2021. The Market Is Projected To Grow From USD 35.47 Billion In 2022 To USD 105.20 Billion By 2030, Exhibiting A CAGR Of 16.8% During The Forecast Period. The COVID-19 pandemic has been shocking and has never happened before. When compared to levels before the pandemic, demand for CCTV cameras is lower than expected in all areas. According to our research, the global market for CCTV cameras will be 4.6% smaller in 2020 than it was in 2019.
A CCTV camera sends a signal to a certain place. It has a recorder and a set of screens that show what is going on in a company or store. It is often used to make places safer, like banks, financial institutions, schools, businesses, and public spaces.
Request Sample Copy of Report “CCTV Camera Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2023 to 2030”, published by Contrive Datum Insights.
Recent Developments:
- October 2020: North American sugar manufacturers DouxMatox and Lantic announce a collaboration to provide a unique cane-based sugar reduction solution for food processing companies in North America.
- October 2019: Parry's, a leading sugar manufacturer in India, launched natural brown sugar. This product is less processed and boasts micronutrients such as calcium, magnesium, potassium and iron.
Segment Overview
Camera Type Insights:
Box CCTV, bullet CCTV, dome CCTV, C-mounted CCTV, PTZ cameras, and other types are available on the market (infrared camera). In 2021, the dome CCTV segment had the biggest share. This is mostly because these products are being used in more public places to protect government property. In India, Bhubaneswar Smart City Limited set up more than 350 high-end dome cameras to watch over the smart city in September 2022 as part of a government project. The market has grown because more people are moving to cities and the world's population is growing quickly.
Technology Insights:
The number of businesses that use it is what makes the market grow.
The market is divided into analogue cameras, IP (network) cameras, and other kinds (wireless camera). In 2021, the analogue segment led the world market. This is mostly because of an increase in government projects for smart cities, which has led to a rise in both demand and adoption in public places.
End User Insights:
Most likely to use surveillance systems will be the BFSI sector, and the government sector will grow at an exponential rate.
There are different types of end users in the market, such as Banking, Financial Services, and Insurance (BFSI), Homeland Security, Retail, Residential, Logistics & Transportation, Hospitality, Government, Commercial Spaces, and Others (energy & power). In 2021, the biggest part of the market was owned by BFSI. Most of this is because more banks are using cameras to protect their assets. The Reserve Bank of India (RBI) has made it necessary for banks to have vigilance systems. These systems make sure that all bank transactions are watched, which stops mistakes and makes banks more open.
Regional Outlook:
Asia-Pacific is expected to lead the world market because the government is putting more money and time into smart city projects. According to the World Construction Report for 2021, China's investments in smart city projects that use advanced technologies reached about USD 30 billion in 2021 and are expected to reach USD 38.92 billion. Since smart cities are getting more money, this product is in high demand to protect government assets. Also, a UN report says that by 2021, about 540 million surveillance systems, or 54% of the world's cameras, will be in China. China is home to about 1.46 billion people, and for every 1,000 people who live there, there are about 372.8 cameras.
North America is growing at a moderate CAGR during the time frame of the forecast. This is because public places are asking for more and there are more projects to improve infrastructure. Also, the rising number of break-ins and thefts in the U.S. and Canada is likely to help the market grow. In 2021, there were about 91,628 burglaries in the United States, most of which happened in North Carolina, Washington, Colorado, and Ohio.
Europe is likely to grow at a moderate rate over the next few years. Europe buys surveillance systems from Asia-Pacific countries like China, Japan, and others. Several governments, including those in Germany, the UK, and France, are putting in place smart surveillance systems to protect their assets. The Analysis Report says that the U.K. has more than 5.2 million surveillance systems, with about one camera for every 13 people in public surveillance, residential surveillance, and doorbell systems. In the U.K., private homes and businesses run about 96% of the cameras.
Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/248544/
Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 16.8% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 105.20 Billion |
| By Camera Type | Box CCTV, Bullet CCTV, Dome CCTV, C-Mounted, PTZ Camera, Others |
| By Technology | Analog, IP Camera, Others |
| By End-user | BFSI, Homeland Security, Retail, Residential, Logistics & Transportation, Hospitality, Government, Commercial Spaces, Others |
| By Companies | Bosch Security Systems Inc. (U.S.), Honeywell Security Group (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Axis Communications AB (Sweden), Mobotix AG (Germany), Zhejiang Dahua Technology Co., Ltd. (China), Panasonic System Networks Co., Ltd. (Japan), Geovision Inc. (Germany), Sony electronics Ltd. (Japan), FLIR Systems Inc. (U.S.) |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Latest Trends:
The growing use of AI-based cameras in businesses and public places will drive market growth.
These cameras have advanced technologies like AI and deep learning built in. With artificial intelligence (AI), you can do things like find faces, record network video, and more. These work with technology and give better 360-degree vision in the surveillance industries. Several of the biggest companies on the market are making advanced surveillance systems that use artificial intelligence (AI) to meet the growing need for security in public places.
Driving Factors:
Security systems are being put in more and more homes and businesses grows the market.
CCTV cameras are used to keep people safe in homes and businesses all over the world. It was made with high-tech tools like infrared, artificial intelligence, and deep learning to make public and private spaces safer. Also, more homes and businesses are getting broken into, and more people are learning about surveillance cameras, which helps the market grow.
Restraining Factors:
Concerns about data security and video surveillance slow the market's growth.
People are likely to buy less because they are worried about their privacy and how to keep video data safe from hackers and thieves. There is a high chance that data from camera recorders in the public cloud will be misused, and because of the number of data breaches, organisations can't store video footage. Networked video surveillance systems are more likely to be attacked, and hackers use Distributed Denial of Service (DDoS) attacks to shut down certain systems. Also, the growth of the market is slowed by how much it costs to make systems based on new technology.
Key Segments Covered:
Top Market Players:
Bosch Security Systems Inc. (U.S.), Honeywell Security Group (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Axis Communications AB (Sweden), Mobotix AG (Germany), Zhejiang Dahua Technology Co., Ltd. (China), Panasonic System Networks Co., Ltd. (Japan), Geovision Inc. (Germany), Sony electronics Ltd. (Japan), FLIR Systems Inc. (U.S.), and others.
By Camera Type
- Box CCTV
- Bullet CCTV
- Dome CCTV
- C-Mounted
- PTZ Camera
- Others
By Technology
- IP Camera
- Analog
- Others
By End-User
- BFSI
- Homeland Security
- Retail
- Residential
- Logistics & Transportation
- Hospitality
- Government
- Commercial Spaces
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
Check out more related studies published by Contrive Datum Insights:
- Medical Devices Market - The Global Medical Devices Market Size Was Valued At USD 488.98 Billion In 2021. The Market Is Projected To Grow From USD 495.46 Billion In 2022 To USD 718.92 Billion By 2030, Exhibiting A CAGR Of 5.5% During The Forecast Period.
- Fuel Additives Market - The Global Fuel Additives Market Size Was USD 8.14 Billion In 2021. The Market Is Projected To Grow From USD 8.62 Billion In 2022 To USD 12.87 Billion In 2030 at a CAGR Of 5.9% During The 2022-2029 Period.
- Oilfield Chemicals Market - The Global Oilfield Chemicals Market Size Was Valued At USD 16.95 Billion In 2021. The Market Is Projected To Grow From USD 18 Billion In 2022 To USD 29.27 Billion By 2030, Exhibiting A CAGR Of 7.2% During The Forecast Period.
Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on anna@contrivedatuminsights.com or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
Social: Facebook / LinkedIn / Twitter
Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 2152974078
Email: anna@contrivedatuminsights.com
Website:
https://www.contrivedatuminsights.com
Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports
