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United States Video Surveillance Market Forecast Report and Company Analysis 2024-2032 Featuring Honeywell Intl, Robert Bosch, Schneider Electric, Panasonic, Cisco, TKH, Motorola Solutions, & Verint - ResearchAndMarkets.com

The "United States Video Surveillance Market Report Forecast by Component, System Type, Application, States and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering.

The United States Video Surveillance Market will reach US$ 50.54 billion by 2032, up from US$ 18.57 billion in 2023, with a CAGR of 11.77% between 2024 and 2032.

Government laws and standards drive the requirement for comprehensive surveillance systems; innovations in high-definition cameras, cloud-based storage, and integrated analytics strengthen system capabilities and drive down costs, all contributing to the expansion of the video surveillance market in the United States. Growing security concerns, increased adoption in smart cities and infrastructure projects, and technological advancements in AI and IoT also drive the market.

United States Video Surveillance Industry Outlooks

The majority of private-sector retail and commercial buildings in the US, including hotels, restaurants, and office complexes, have surveillance cameras. For security and safety reasons, video surveillance uses cameras and recording devices to watch and document activity in different areas. A network of strategically positioned cameras is usually part of it; these cameras record live video that can be watched immediately or recorded for later inspection.

The system commonly interfaces with other technologies to enable remote monitoring, detect anomalous activity, and issue alerts. Examples of these other technologies include motion sensors and analytics software. Common uses include bolstering security, assisting in crime prevention and investigation, and safeguarding public areas, businesses, and private properties.

Regulatory restrictions, technical developments, and growing security concerns are driving expansion in the U.S. video surveillance market. AI, IoT, and high-definition camera use all increase system performance and efficiency. For the protection of infrastructure and public safety, modern surveillance technologies must comply with industry standards and government requirements. Demand is also increased by the growth of infrastructure projects and smart city initiatives. The market is also growing because of the necessity for integrated security solutions in industries including transportation, healthcare, and retail, as well as the falling costs of technology.

Driving Forces of United States Video Surveillance Market

Heightened Security Concerns

Increased security concerns are one of the main drivers of the US video surveillance market's growth. Because of the necessity to maintain safety in busy areas, the threat of terrorism, and the rise in crime, there has been a greater emphasis in recent years on safeguarding both public and private areas. The need for sophisticated video surveillance systems with real-time monitoring, thorough recording, and quick response times is fueled by this increased feeling of vulnerability.

Strong surveillance systems are necessary in locations like government buildings, malls, and schools due to high-profile emergencies and catastrophes like mass shootings and public disturbances. Consequently, there is an increasing need for integrated security solutions, high-resolution cameras, and advanced analytics that can improve situational awareness and help avoid or mitigate incidents.

The necessity for cutting-edge monitoring technologies is also made more urgent by the rising frequency of cyberattacks and data breaches. Institutions and organizations are spending money on surveillance systems with improved cybersecurity features to safeguard video data from manipulation and illegal access. The video surveillance industry in the United States is growing steadily due to its all-encompassing approach to security.

Growth in IoT and Cloud Computing

The increase of the video surveillance business in the United States has been largely fueled by the development of cloud computing and the Internet of Things (IoT). The Internet of Things has transformed surveillance systems by making it possible for linked devices to easily interact and work together. The integration of cameras, sensors, and other devices enables the development of intelligent surveillance networks that offer all-encompassing security solutions. To improve overall security efficacy, IoT-enabled cameras, for example, can interact with access control and alarm systems to trigger automatic reactions in real time.

The provision of scalable and adaptable storage solutions by cloud computing has further fueled industry expansion. Cloud-based platforms provide the off-site storage of large volumes of video data, negating the need for expensive on-premises infrastructure and facilitating remote access and control. Furthermore, artificial intelligence and advanced analytics are supported by cloud computing, allowing for the absence of a large local infrastructure requirement for advanced capabilities like data analysis, real-time warnings, and remote monitoring.

The integration of IoT and cloud computing has improved the affordability, accessibility, and functionality of video surveillance systems, leading to their widespread acceptance in a variety of industries, including public safety, commercial, and residential. The growing video surveillance market in the United States can be attributed in large part to this technical synergy.

Technological Advancements

The video surveillance market in the United States has grown tremendously as a result of technological advances. Advancements like 4K and high-definition (HD) quality cameras have improved visual sharpness and detail, increasing the efficacy of surveillance systems for monitoring and security. By enabling cutting-edge features like facial recognition, motion detection, and predictive analytics, the industry has undergone even more transformation thanks to the integration of artificial intelligence (AI) and machine learning. The efficiency of monitoring operations is increased by these technologies, which enable automated reactions and real-time threat identification.

Furthermore, as Internet of Things (IoT) connectivity has grown, intelligent surveillance systems have been created. These devices may be remotely controlled and monitored via cloud-based and mobile applications. Because of its improved accessibility and scalability, video surveillance can now better accommodate a wider range of requirements.

The industry has grown as a result of the widespread use of data storage options, such as cloud storage, which offer scalable and affordable methods for organizing and evaluating massive amounts of surveillance video. All in all, these technological developments are propelling a rise in the use of video surveillance systems in a number of industries, such as public safety, healthcare, and retail, which is helping to expand the market as a whole.

Florida Video Surveillance Market

A number of variables are propelling the strong expansion of the Florida video surveillance industry. Advanced surveillance solutions are becoming more and more in demand as worries about security in both residential and commercial premises grow. Increased security systems are required in both new and existing infrastructures due to the state's fast urbanization and population increase. Furthermore, the implementation of integrated surveillance systems is being driven by the growth of smart city efforts in places like Miami and Orlando, which are intended to improve traffic management and public safety.

By offering more scalable and efficient solutions, technological innovations like AI-driven analytics, cloud storage, and high-definition cameras are further propelling market progress. The state's infrastructure improvements and business-friendly atmosphere contribute to Florida's status as a thriving and expanding market for video surveillance solutions. When taken as a whole, these elements are stimulating market expansion and drawing in a variety of surveillance solution suppliers.

United States Video Surveillance Company Analysis

The key players in United States video surveillance industry are Honeywell International Inc., Robert Bosch GmbH, Schneider Electric SE, Panasonic Holdings Corporation, Cisco Systems Inc., TKH GROUP N.V., Motorola Solutions, Inc. and Verint Systems Inc.

Key Attributes:

Report Attribute Details
No. of Pages 200
Forecast Period 2023 - 2032
Estimated Market Value (USD) in 2023 $18.57 Billion
Forecasted Market Value (USD) by 2032 $50.54 Billion
Compound Annual Growth Rate 11.7%
Regions Covered United States

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Drivers

4.2 Challenges

5. United States Video Surveillance Market

6. Market Share Analysis

6.1 By Component

6.2 By System Type

6.3 By Application

6.4 By States

7. Component

7.1 Hardware

7.2 Software

7.3 Services

8. System Type

8.1 Analog Surveillance

8.2 IP Surveillance

8.3 Hybrid Surveillance

9. Application

9.1 Public Facility

9.2 Commercial

9.3 Residential

9.4 Industrial

9.5 Military & Defense

9.6 Infrastructure

10. States

10.1 California

10.2 Texas

10.3 New York

10.4 Florida

10.5 Illinois

10.6 Pennsylvania

10.7 Ohio

10.8 Georgia

10.9 New Jersey

10.10 Washington

10.11 North Carolina

10.12 Massachusetts

10.13 Virginia

10.14 Michigan

10.15 Maryland

10.16 Colorado

10.17 Tennessee

10.18 Indiana

10.19 Arizona

10.20 Minnesota

10.21 Wisconsin

10.22 Missouri

10.23 Connecticut

10.24 South Carolina

10.25 Oregon

10.26 Louisiana

10.27 Alabama

10.28 Kentucky

10.29 Rest of United States

11. Porter's Five Forces Analysis

11.1 Bargaining Power of Buyers

11.2 Bargaining Power of Suppliers

11.3 Degree of Rivalry

11.4 Threat of New Entrants

11.5 Threat of Substitutes

12. SWOT Analysis

12.1.1 Strength

12.1.2 Weakness

12.1.3 Opportunity

12.1.4 Threat

13. Key Players Analysis

13.1 Overview

13.2 Key Persons

13.3 Recent Development & Strategies

13.4 Revenue Analysis

  • Honeywell International Inc.
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Panasonic Holdings Corporation
  • Cisco Systems Inc.
  • TKH GROUP N.V.
  • Motorola Solutions, Inc.
  • Verint Systems Inc.

For more information about this report visit https://www.researchandmarkets.com/r/d66hn2

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