The global video surveillance market is projected to reach a value of $107.31 billion by 2031, with a CAGR of 9.3% during the forecast period. The rise in demand for security in public and private spaces, the emergence of smart cities, and the growing popularity of cloud-based solutions are some of the key factors driving this growth. The use of artificial intelligence and deep learning in video surveillance systems is also expected to contribute to the industry’s expansion. The Asia Pacific region is expected to experience the fastest growth in the market, driven by factors such as increasing security concerns and infrastructure development.
