Global Close Circuit Television Camera
Market Report
2024
The Global Close Circuit Television Camera market size is USD 27541.55 million in 2023 and will expand at a compound annual growth rate (CAGR) of 2.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Close Circuit Television Camera market size is USD 27541.55 million in 2023 and will expand at a compound annual growth rate (CAGR) of 2.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Close Circuit Television Camera Market Sales Revenue 2023 | $ 27541.6 Million |
Global Close Circuit Television Camera Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.8% |
Middle East and Africa Close Circuit Television Camera Sales Revenue 2023 | $ 550.83 Million |
Middle East and Africa Close Circuit Television Camera Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
North America Close Circuit Television Camera Sales Revenue 2023 | $ 11016.6 Million |
North America Close Circuit Television Camera Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 1% |
Europe Close Circuit Television Camera Sales Revenue 2023 | $ 27541.6 Million |
Asia Pacific Close Circuit Television Camera Sales Revenue 2023 | $ 27541.6 Million |
Asia Pacific Close Circuit Television Camera Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.8% |
South America Close Circuit Television Camera Sales Revenue 2023 | $ 1377.08 Million |
South America Close Circuit Television Camera Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
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Market Split by Application |
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Market Split by Technology |
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Market Split by Resolution |
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Market Split by Services |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Close Circuit Television Camera industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Close Circuit Television Camera Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Closed-Circuit Television (CCTV) camera market is a rapidly growing sector in the global security and surveillance industry. CCTV cameras are widely used for monitoring and recording activities in various environments, including residential, commercial, industrial, and public spaces. The close circuit television camera market is influenced by regulations and guidelines imposed by governments and regulatory bodies. These regulations aim to ensure privacy protection, data security, and adherence to ethical practices in video surveillance.
For instance, in 2020, Hanwha Techwin launched the Wisenet 7 series of cameras in 2020. These cameras are powered by the Wisenet 7 System on a Chip (SoC) and offer advanced features such as enhanced cybersecurity, improved image quality, and advanced video analytics capabilities.
(Source: www.anixter.com/en_us/about-us/news-and-events/news/wisenet7-camera-devices-from-hanwha-techwin.html)
Growing security concerns globally, including rising crime rates, terrorist threats, and vandalism, are driving the demand for CCTV cameras. Organizations and individuals are investing in surveillance systems to enhance security and deter potential threats. Moreover, governments across the world are implementing initiatives to improve public safety and security. These initiatives often involve the deployment of CCTV cameras in public spaces, transportation systems, and critical infrastructure. Government investments and regulations drive the adoption of CCTV cameras.
For instance, in April 2020, Motorola Solutions, a global provider of mission-critical communication solutions, acquired IndigoVision, a UK-based provider of end-to-end video security solutions. This acquisition strengthened Motorola Solutions' video security portfolio and expanded its global presence in the Close circuit television camera market.
Rapid urbanization and infrastructure development in emerging economies are contributing to the demand for CCTV cameras. As cities expand and modernize, the need for surveillance systems to monitor public spaces, commercial complexes, transportation networks, and residential areas increases.
For instance, in 2020, Hikvision launched its ColorVu series of cameras, which are designed to capture vivid and colorful images in low-light environments. These cameras utilize advanced sensors and lenses to deliver clear and detailed video footage.
The Closed-Circuit Television (CCTV) camera market faces several key restraints that pose challenges to its growth and acceptance. One major concern is privacy, as the use of CCTV cameras raises questions about the collection and storage of personal data. Striking a balance between public safety and individual privacy rights is a complex task that requires careful consideration. Regulatory and legal compliance is another challenge for the Close circuit television camera market. Different jurisdictions have varying regulations and guidelines regarding the deployment of surveillance systems. Ensuring compliance with data protection laws, consent requirements, and video surveillance guidelines can be demanding and costly for businesses and organizations. The high installation and maintenance costs associated with CCTV camera systems are also a significant restraint. The initial investment in equipment, cabling, storage, monitoring infrastructure, and skilled personnel can be substantial. These costs may act as a barrier to entry, particularly for smaller businesses and residential customers.
The pandemic has led to an increased emphasis on safety and security, resulting in a higher demand for surveillance systems, including CCTV cameras. Organizations, businesses, and public spaces have sought to implement or upgrade their surveillance infrastructure to monitor compliance with social distancing measures, ensure public safety, and enforce health protocols. With restrictions on physical access and the need for social distancing, the demand for remote monitoring capabilities has increased. CCTV cameras equipped with advanced technologies such as video analytics and artificial intelligence have allowed for remote monitoring and management of surveillance systems, reducing the need for physical presence and enabling contactless solutions.
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The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major close circuit television camera market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.
(Source: www.boschsecurity.com/xc/en/news/product-news/flexidome-ip-starlight-8000i-x-series/)
Top Companies Market Share in Close Circuit Television Camera Industry: (In no particular order of Rank)
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Global Close Circuit Television Camera Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Close Circuit Television Camera Industry growth. Close Circuit Television Camera market has been segmented with the help of its Product, Application Technology, and others. Close Circuit Television Camera market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, dome security camera held the major market share over the forecast period. Dome cameras offer a discreet and aesthetically pleasing form factor, making them suitable for both indoor and outdoor surveillance. They are commonly used in retail stores, office buildings, schools, hospitals, and public spaces. Dome cameras often come with features such as pan-tilt-zoom (PTZ) functionality, high-definition (HD) or ultra-high-definition (UHD) resolution, advanced video analytics, and night vision capabilities.
Thermal Security Camera is the fastest-growing category over the forecast period. The growing demand for thermal security cameras can be attributed to their advanced capabilities, increasing affordability, and the need for more reliable and efficient surveillance solutions. As technology continues to advance, thermal cameras are becoming more accessible and affordable, driving their adoption across a wide range of industries.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Close Circuit Television Camera Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the commercial sector holds a prominent market share Commercial applications include businesses, retail stores, offices, shopping malls, hotels, restaurants, and other similar establishments. Commercial entities have a strong demand for CCTV cameras to ensure the safety and security of their premises, employees, customers, and assets. CCTV cameras in commercial settings serve multiple purposes, including theft prevention, monitoring employee activities, enhancing customer safety, and providing evidence in case of incidents or disputes.
The residential sector is the fastest-growing category over the forecast period. The residential sector has witnessed significant growth in the adoption of CCTV cameras in recent years. This can be attributed to various factors, including increasing concerns about home security, advancements in technology, affordability of camera systems, and the growing trend of smart home integration.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Close Circuit Television Camera market report 2024 Edition by contacting our team.
According to Cognitive Market Research, IP (Internet Protocol) Security Camera hold a prominent market share. The use of IP cameras has become increasingly prevalent in various sectors, including commercial, industrial, residential, and public surveillance. They are widely deployed in applications such as retail stores, banks, transportation hubs, educational institutions, and government facilities.
Analog cameras are the fastest-growing category over the forecast period, as they are generally more cost-effective compared to IP cameras. They are often chosen for budget-conscious installations or projects with limited resources. The lower initial cost of analog cameras can be an attractive factor for customers who prioritize affordability.
According to Cognitive Market Research, HD resolution hold a prominent market share due to increasing demand for higher-quality video surveillance has driven the adoption of HD cameras. Businesses, organizations, and even residential customers require clear and detailed video footage for security purposes, investigations, and evidence collection.
The non-HD is the fastest-growing category over the forecast period. They are often used in legacy systems or applications where high-resolution video is not a primary requirement. However, as technology advances and the demand for higher-quality video increases, the market share of non-HD cameras is expected to decline over time.
According to Cognitive Market Research, professional service holds a prominent market share as the technical complexity of CCTV camera systems often requires specialized knowledge and expertise for proper installation and configuration. Professional service providers have trained technicians who can ensure that the cameras are installed correctly, positioned optimally, and integrated with other security components to maximize their effectiveness.
The managed services are the fastest-growing category over the forecast period. Managed services offer cost-effectiveness and scalability. By opting for managed services, organizations can avoid significant upfront costs associated with purchasing and maintaining their own camera systems. Instead, they can leverage the expertise and resources of the service provider, paying for the services on a subscription or usage-based model.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue. The region's emphasis on security, both in public and private sectors, drives the demand for CCTV camera systems. Rising concerns about crime, terrorism, and the need for proactive surveillance contribute to the growth of the market. Government regulations and industry standards play a crucial role in driving the adoption of CCTV cameras. Compliance requirements in sectors such as retail, transportation, banking, and government institutions further fuel the demand for these systems.
Asia Pacific is the fastest-growing category. The region's immense population and rapid urbanization have led to increased security concerns. The need for surveillance systems in densely populated cities, commercial areas, transportation hubs, and public spaces drives the demand for CCTV cameras. Asia Pacific countries are investing heavily in infrastructure development, including the construction of smart cities, airports, railway stations, and commercial complexes. These projects require robust security solutions, including CCTV cameras, to ensure public safety and protect assets.
The current report Scope analyzes Close Circuit Television Camera Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Close circuit television camera market size was estimated at USD 27541.55 Million out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 550.83 million in 2023 and will grow at compound annual growth rate (CAGR) of 2.5% from 2023 to 2030. Technological advancements in video surveillance, such as high-resolution cameras, advanced analytics, and cloud-based solutions, are becoming more affordable and accessible in the MEA region. This contributes to the adoption of CCTV cameras for various security applications. According to Cognitive Market Research, the MEA region has witnessed significant advancements in connectivity and internet infrastructure, which has facilitated the adoption of IP cameras. The availability of high-speed internet connections supports the transmission of video signals and remote access to CCTV camera feeds. In conclusion, the MEA Close circuit television camera market is driven by factors such as security concerns, infrastructure development, government initiatives, technological advancements, rising investments in tourism, and increasing awareness of security solutions. The market is expected to continue growing as the need for surveillance and security solutions expands across various sectors in the region.
According to Cognitive Market Research, the global Close Circuit Television Camera market size was estimated at USD 27541.55 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 11016.62 million in 2023 and will grow at compound annual growth rate (CAGR) of 1.0% from 2023 to 2030. North America has witnessed a rise in security threats, including crime, terrorism, and safety breaches. This has led to a growing demand for CCTV camera systems to enhance surveillance and deter potential threats. Government regulations and industry standards play a significant role in driving the adoption of CCTV cameras. Compliance requirements in sectors such as retail, banking, transportation, and government institutions further fuel the demand for these systems. According to Cognitive Market Research, the professional services segment tends to be more dominant in North America. Professional services include the installation, maintenance, and support of CCTV camera systems. These services are typically provided by specialized companies or system integrators who have expertise in designing and implementing surveillance solutions. Professional services are crucial in ensuring the proper functioning and optimal performance of CCTV camera systems. In conclusion, the growth of the North America Close circuit television camera market is driven by factors such as increasing security concerns, regulatory requirements, technological advancements, integration with smart technologies, urbanization, and the presence of key market players.
According to Cognitive Market Research, with a market value of USD 8262.47 million in 2023 and projected to expand at compound annual growth rate (CAGR) of 1.3% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 27541.55 million. European countries have implemented strict regulations regarding security and data protection. Compliance requirements, such as the General Data Protection Regulation (GDPR), drive the demand for CCTV cameras that meet privacy and security standards. According to Cognitive Market Research, the IP security camera segment is generally more dominant compared to analog cameras. In conclusion, the European Close circuit television camera market is driven by factors such as stringent regulations, increasing security threats, infrastructure development, technological advancements, adoption of smart home technologies, and the focus on public safety. The market is expected to continue growing as the need for surveillance and security solutions expands across various sectors in the region.
According to Cognitive Market Research, the global Close Circuit Television Camera market size was estimated at USD 6334.56 Million out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 27541.55 million in 2023 and will grow at compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. The Asia Pacific region has a large and rapidly growing population, along with rapid urbanization. This leads to increased security concerns and the need for surveillance systems, including CCTV cameras, to ensure public safety and protect assets in densely populated cities and commercial areas. According to Cognitive Market Research, the professional services segment tends to be more dominant in Asia Pacific. Professional services include the installation, maintenance, and support of CCTV camera systems. These services are typically provided by specialized companies or system integrators who have expertise in designing and implementing surveillance solutions. Professional services are crucial in ensuring the proper functioning and optimal performance of CCTV camera systems. In conclusion, the Asia Pacific Close circuit television camera market is experiencing significant growth due to factors such as rapid urbanization, infrastructure development, increasing security threats, government initiatives, technological advancements, and the adoption of smart home technologies. The market is expected to continue growing as the need for surveillance and security solutions expands across various sectors in the region.
According to Cognitive Market Research, the global Close Circuit Television Camera market size was estimated at USD 27541.55 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 1377.08 million in 2023 and will grow at compound annual growth rate (CAGR) of 2.5% from 2023 to 2030. The region is undergoing rapid urbanization and infrastructure development, including the construction of commercial complexes, transportation hubs, and public spaces. These projects require robust security solutions, including CCTV cameras, to monitor and secure the infrastructure. According to Cognitive Market Research, IP security cameras offer higher resolution, better image quality, and advanced features such as remote access, video analytics, and integration with other security systems. These advanced capabilities make IP cameras more attractive to customers in Latin America. In conclusion, the Latin America Close circuit television camera market is driven by factors such as increasing security concerns, infrastructure development, government initiatives, technological advancements, rising awareness, and economic growth. The market is expected to continue growing as the need for surveillance and security solutions expands across various sectors in the region.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Product | Bullet Security Camera, Dome Security Camera, PTZ Security Camera, Box Security Camera, Thermal Security Camera |
Application | Commercial, Residential, Industrial, Government Use |
Technology | IP Security Camera, Analog Camera |
Resolution | HD, Non-HD |
Services | Professional Service, Managed Service |
List of Competitors | Panasonic Corporation (Japan), SAMSUNG (South Korea), Cisco (U.S.), Sony Corporation (Japan), Dahua Technology Co. Ltd (China), Avigilon Corporation (Canada), Hangzhou Hikvision Digital Technology Co. Ltd. (China), Pelco (U.S.), HONEYWELL INTERNATIONAL INC (U.S.), Axis Communications AB. (Sweden), Canon India Pvt Ltd. (India), Bosch Sicherheitssysteme GmbH (Germany), Schneider Electric (France), Johnson Controls (Ireland), Pioneer System (U.S.), Mitsubishi Electric Corporation (Japan), Vicon (U.S.) |
This chapter will help you gain GLOBAL Market Analysis of Close Circuit Television Camera. Further deep in this chapter, you will be able to review Global Close Circuit Television Camera Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Close Circuit Television Camera Market Trends North America Close Circuit Television Camera Technological Road Map North America Close Circuit Television Camera Market Drivers North America Close Circuit Television Camera Market Restraints North America Close Circuit Television Camera Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Technology Analysis 2019 -2031
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Chapter 13 Market Split by Resolution Analysis 2019 -2031
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Chapter 14 Market Split by Services Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Close Circuit Television Camera market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Bullet Security Camera have a significant impact on Close Circuit Television Camera market? |
What are the key factors affecting the Bullet Security Camera and Dome Security Camera of Close Circuit Television Camera Market? |
What is the CAGR/Growth Rate of Commercial during the forecast period? |
By type, which segment accounted for largest share of the global Close Circuit Television Camera Market? |
Which region is expected to dominate the global Close Circuit Television Camera Market within the forecast period? |
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