Video Surveillance Global Market
The video surveillance market size has grown rapidly in recent years. It will grow from $60.51 billion in 2023 to $69.24 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to the increased focus on security, integration with IT networks, integration of mobile and wireless technologies, big data and analytics, the emergence of cloud-based storage solutions.
The video surveillance market size is expected to see rapid growth in the next few years. It will grow to $110.09 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to the emergence of cloud-based storage solutions, the widespread adoption of 5G technology, increasing use of edge computing, integration of artificial intelligence (AI)…
