The global video surveillance market is set for robust growth. According to a recent forecast by MarketsandMarkets, the market is expected to expand from US$56.11 billion in 2025 to US$88.06 billion by 2031, representing a compound annual growth rate (CAGR) of 7.8 per cent. This growth is driven by the widespread adoption of intelligent surveillance technologies, rising security requirements, and the global expansion of modern digital infrastructure.

Organisations, authorities, and businesses are increasingly adopting networked surveillance systems that can detect threats in real time, accelerate incident reporting, and support data-driven operational decision-making. Modern systems combine technologies such as artificial intelligence (AI), IoT sensors, and cloud-based platforms to enable features like facial recognition, behavioural analysis, and remote monitoring. Enhanced connectivity between devices and platforms also improves security management, optimises resource utilisation, and ensures regulatory compliance. In the context of growing smart city initiatives and heightened security demands, video surveillance has become an essential tool for proactive protection and operational oversight.

Hardware Segment Dominated by Cameras

Cameras will remain the dominant component within the hardware segment, as they are critical for capturing and transmitting visual data. The increasing use of high-resolution, IP-based, thermal, and multispectral cameras is improving image quality and enabling sophisticated real-time analytics. AI-enabled cameras, which integrate functions such as object recognition, motion detection, and automated tracking, are becoming increasingly widespread. These technological advancements are driving large-scale deployments across transport networks, smart cities, public facilities, and commercial infrastructures, where comprehensive surveillance solutions are essential for optimising both security and operational efficiency.

Infrastructure Segment Driving Growth

The infrastructure sector is experiencing particularly strong growth. Rising investments in smart cities, transport systems, energy networks, and urban development are fuelling demand for intelligent video surveillance solutions. Governments and private operators are increasingly leveraging real-time analytics, cloud monitoring platforms, and IoT integration to efficiently manage traffic flows, critical facilities, and public spaces. Urban densification and growing security threats further amplify the need for continuous monitoring, positioning video surveillance as a strategic element of modern urban planning.

Regional Outlook: North America Leading

North America, led by the United States, remains the largest market. Strong investment in security infrastructure, rapid adoption of advanced technologies, and the presence of key players such as Honeywell International, Motorola Solutions, Teledyne FLIR, and Eagle Eye Networks underpin the US market’s leadership. National priorities, including the protection of critical infrastructure, public safety, and smart city projects, are driving widespread deployment of intelligent surveillance systems. The growing adoption of AI-powered video analytics and cloud-based storage solutions further reinforces the country’s leading role.

Competitive Landscape

The competitive landscape is global, with Tier I and Tier II companies dominating the market. Key manufacturers include Hangzhou Hikvision Digital Technology, Dahua Technology, Hanwha Vision, Axis Communications, Bosch Security Systems, I-Pro, and Zhejiang Uniview Technologies. These companies are investing in AI-driven product lines, hybrid cloud ecosystems, and scalable platforms to provide governments and enterprises with enhanced surveillance and analytical capabilities.

Market Outlook and Future Trends

The video surveillance market is undergoing a structural transformation. Traditional monitoring systems are increasingly being replaced by automated, data-driven, networked solutions, unlocking new applications across urban infrastructure, transport, energy, industrial environments, and corporate security. Advances in AI, sensor technology, and cloud integration will continue to be key growth drivers, enabling fully adaptive and proactive security systems. By 2031, the video surveillance market is expected to be not only larger but also significantly more intelligent, redefining security management, operational control, and analytical capabilities on a global scale.