Wireless Video Surveillance Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

Wireless Video Surveillance Market Size

Wireless Video Surveillance Market is likely to expand substantially during 2024 to 2032, with massive deployment of security cameras to fight crime and prevent terrorism worldwide.
 

As per reliable sources, China has more than 200 million CCTV cameras installed, followed by the USA with over 50 million and Germany with nearly 5.2 million. Growing installation of innovative video surveillance cameras with integrated IoT & cloud technologies across parks, shopping centers, and other public places will favor the industry growth in the years ahead.
 

Wireless Video Surveillance Market Trends

Rapid evolution of smart cities with the subsequent surge in demand for real-time surveillance systems and other disruptive technologies is fostering the wireless video surveillance industry trends. There is extensive usage of transit surveillance systems to safeguard ground transportation against unfavorable incidents. Robust hybrid security cameras are being deployed in city buses, cabs, trains, stations, and airports to prevent incidents of vandalism and other criminal events.
 

Emerging trends in video surveillance technologies will have a significant impact on the overall market statistics during the coming decade. These include intelligent video analytics, 5G communication networks deep learning modules. Video analytics strengthen existing wireless video surveillance hardware and software components, while offering new improvement prospects for solution providers. Faster 5G technology will allow service providers to offer faster processing of security footage and enable swift response to any threat. Wider acceptance of these technologies for a more effective preventive security measures will augment the market outlook.
 

Wireless Video Surveillance Market Analysis

In terms of systems, wireless digital video surveillance segment is expected to register significant progress through 2032 owing to the rising adoption of IP CCTV cameras as the main standard for data transmission in various networks, including security video surveillance systems. The capability of IP cameras to deliver better picture quality as compared to analog security monitors will further bolster the segment growth.
 

Based on the end-users, the transportation segment is anticipated to generate significant demand through 2032 as buses are subject to violence, disputes, damage and threats, raising alarming concerns for passenger and driver safety. It has produced an innate need for installation of video surveillance systems, supporting the wireless video surveillance market development. Besides, the governments are putting efforts into making buses highly accessible and easier for travelers. Such initiatives will provide significant opportunities for the industry players to invest in these video surveillance systems for buses.
 

Asia Pacific wireless video surveillance industry is poised to account for a considerable revenue share by 2032, as a result of the increase in crime rate in developing countries. For instance, Malaysia had reported more than 5,600 robbery cases and over 13,400 vehicle theft cases during 2021. Meanwhile burglary incidents had increased by 112% from 1,362 in 2021 to 2,893 in 2022 in the state of Delhi, India. The increasing cases of bank robbery being caught on or foiled by CCTV cameras will further boost regional demand for wireless video surveillance equipment.
 

Wireless Video Surveillance Market Share

The competitive landscape of the market consists of companies such as:

• Motorola Solutions
• Genetec
• Frontpoint Security
• Hikivision (State-owned Assets Supervision and Administration Commission)
• Tyco International
• Axis Communications (Canon)
• Cisco Systems
• SEON technologies
• Bosch Security
   

These firms are focusing on product innovations and strategic mergers & acquisitions to strengthen their presence globally.
 

Wireless Video Surveillance Industry News

• In 2022, Axis Communications formed a strategic alliance with Geelong and Melbourne councils to enhance over 300 CCTV cameras by transitioning to Axis' PTZ camera profile, with the financial details remaining undisclosed. The recent upgrade to the surveillance systems of both cities aims to improve traffic management, prevent crime, and facilitate infrastructure planning.

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