Video Surveillance Market Worth $83.3 Billion By 2028, Grow At A Cagr Of 9.2% According To A New Research Report

The global video surveillance market is expected to be valued at USD 53.7 billion in 2023 and is projected to reach USD 83.3 billion by 2028, growing at a CAGR of 9.2%. Factors such as growing security concerns, the embrace of smart city projects, increasing demand for analytics, and advancements in AI-driven video analysis are driving the market. The software segment is projected to exhibit the highest compound annual growth rate (CAGR) due to the increasing integration of video surveillance with other technologies such as IoT and access control. The IP video surveillance system segment is expected to hold the highest market share due to the higher image quality and advanced features offered by IP cameras.