According to Cognitive Market Research, The Global Wireless Video Surveillance market size is USD 22151.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 12.30% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 8860.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.50% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 6645.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 5094.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.3% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 1107.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 443.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
The business-to-business segment will rise over the projected period due to the increasing demand for security and surveillance solutions across diverse industries and organizations. B2B sales dominate the market as they cater to the needs of governments, enterprises, financial institutions, and other entities requiring robust and comprehensive surveillance systems for their operations and safety.
Wireless video surveillance experiences a significant surge in demand due to the growing need for security measures across various sectors. Organizations, including governments, enterprises, financial institutions, and healthcare establishments, increasingly adopt video surveillance systems to monitor and record activities in diverse environments.
Digital video surveillance held the highest wireless video surveillance market revenue share in 2024.
