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Surveillance Technology Market Size Forecast: How Big Could The Market Get By 2030?
The surveillance technology market has seen a rapid expansion in its size over recent years. It is anticipated to expand from $173.57 billion in 2025 to $191.91 billion in 2026, achieving a compound annual growth rate (CAGR) of 10.6%. This historical growth can be attributed to several factors including increasing urbanization alongside the necessity for public safety, an uptick in crime rates, the rising acceptance of CCTV and IP cameras, the broader deployment of biometric authentication, and a surge in government-led surveillance programs.
The surveillance technology sector is anticipated to experience substantial expansion in the coming years. This market is projected to reach $289.13 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 10.8%. This expansion during the forecast period is largely driven by factors such as the increasing integration of AI and machine learning in surveillance, the expanding use of cloud-based storage solutions, the growing deployment of drones for surveillance, the escalating demand for predictive crime prevention tools, and increased spending on smart city security systems. Key trends expected throughout this period encompass real-time monitoring and alerts, the application of predictive analytics to identify security threats, the integration of multi-modal surveillance systems, capabilities for remote access and control of devices, and improved data storage and retrieval solutions.
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Surveillance Technology Market Growth Factors Behind Sustained Expansion
The increasing number of smart city initiatives is expected to propel the growth of the surveillance technology market going forward. Smart city initiatives refer to urban development projects that leverage technology and data to enhance the quality of life for residents, improve urban infrastructure, and make cities more efficient, sustainable, and livable. Surveillance technology contributes to smart city initiatives by enhancing public safety, optimizing traffic management, and improving overall urban planning. For instance, in May 2023, according to reports published by Springer, a Germany-based media company, global expenditure on smart city initiatives is projected to reach $189.5 billion by the year 2023, and it has increased from the previous year. Therefore, these growing smart city initiatives are driving the growth of the surveillance technology market.
Surveillance Technology Market Segmentation And Category Overview
The surveillance technology market covered in this report is segmented –
1) By Technology: Video Surveillance, Big Data, Police Body Cameras, Biometrics, Face Recognition Technology
2) By Storage: On-Premise, Cloud
3) By End-User: Banking, Financial Services and Insurance, Government, Healthcare, Manufacturing, Retail, IT and Telecommunication, Media and Entertainment, Education, Other End-Users
Subsegments:
1) By Video Surveillance: CCTV Systems, IP Cameras, Video Analytics Software
2) By Big Data: Data Analytics Tools For Surveillance Data, Predictive Analytics For Crime Prevention
3) By Police Body Cameras: Wearable Cameras For Law Enforcement, Recording And Storage Solutions
4) By Biometrics: Fingerprint Recognition Systems, Iris Recognition Technology, Voice Recognition Systems
5) By Face Recognition Technology: Software For Facial Recognition, Integration With Security Systems
Surveillance Technology Market Industry Trends Fueling Future Revenue Growth
Leading companies within the surveillance technology market are innovating new solutions, such as video surveillance technology, for healthcare environments to enhance patient care and reduce expenditures. This advanced video surveillance technology functions as a cloud-based system, empowering healthcare providers to oversee multiple patients remotely at the same time and respond quickly to emergencies. For instance, in May 2023, Milestone Systems, a Denmark-based system software company, introduced a novel video surveillance technology for healthcare settings, proving to be a valuable asset for organizations of any size. It is designed to assist organizations in improving security, protecting staff and property, and lowering costs. Additionally, it incorporated features like deep learning, edge computing, and high-resolution cameras to further optimize the healthcare environment.
Surveillance Technology Market Competitive Analysis Of Leading Industry Participants
Major companies operating in the surveillance technology market are Canon Inc; Motorola Solutions Inc; Genetec Inc; NEC Corporation; Honeywell International Inc; Verint Systems Inc; Dahua Technology Group; Hangzhou Hikvision Digital Technology Co Ltd; Zhejiang Uniview Technologies Co Ltd; Panasonic Corporation; Sony Group Corporation; Huawei Technologies Co Ltd; Bosch Group Robert Bosch GmbH; Johnson Controls International plc; Assa Abloy AB; Gallagher Group Ltd; Hexagon AB; Cisco Systems Inc; Hanwha Group; Salient Systems Corporation; Siemens AG
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Surveillance Technology Market Global Footprint: Which Region Leads The Market?
Asia-Pacific was the largest region in the surveillance technology market in 2025. North America was the second largest region in the global surveillance technology market share. The regions covered in the surveillance technology market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
