What is the Market Demand for Video Surveillance?

The global video surveillance market, valued at US$ 45,122.1 million in 2022, is projected to grow from US$ 48,190.4 million in 2023 to US$ 108,287.7 million by 2033, at a CAGR of 8.4%. This growth is driven by advancements in artificial intelligence and the increasing adoption of Video Surveillance as a Service (VSaaS), which integrates AI into vision-based systems. However, privacy and security concerns regarding video data pose significant challenges. Recent innovations include Axis Communications’ next-generation M11 Box Cameras and Hikvision’s TandemVu PTZ cameras, which enhance image quality and monitoring capabilities.