Wireless Video Surveillance Market size is likely to expand substantially during 2023 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 drive the wireless video surveillance market outlook in the years ahead.
Wireless video surveillance refers to wireless security cameras that use Wi-Fi to transmit surveillance footage to the cloud-based server through the internet and view it on internet-connected devices. Many smart camera products are available today which are controlled with the use of an app. These can also integrate with other smart home devices like smart speakers, Amazon Alexa, and smart locks.
Rapid evolution of smart cities & the subsequent surge in demand for real-time surveillance systems and other disruptive technologies are fostering the wireless video surveillance market trends. Extensive usage of transit surveillance systems to safeguard ground transportation against unfavorable incidents will also add impetus to the industry forecast by 2032. Robust hybrid security cameras are being deployed in city buses, cabs, trains, stations, and airports to prevent incidents of vandalism and other criminal events.
In terms of systems, wireless digital video surveillance segment is expected to register significant progress by 2032. This can be credited to the burgeoning 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, these systems are extensively employed in the transportation sector. 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, various 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 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.
The competitive landscape of the wireless video surveillance market consists of companies such as Genetec, Frontpoint Security, Motorola Solutions, SEON technologies, Tyco International, Axis Communications (Canon), Cisco Systems, Hikivision (State-owned Assets Supervision and Administration Commission), and Bosch Security, among others. These firms are focusing on product innovations and strategic mergers & acquisitions to strengthen their presence globally.
To illustrate, Axis Communications in 2022, entered into a strategic partnership with Geelong and Melbourne councils to upgrade more than 300 CCTV cameras to Axis’ PTZ cameras profile for an undisclosed amount. Reports suggest that the latest upgradation to the two cities’ camera networks seeks to enhance traffic management, crime-prevention, and infrastructure planning.
Emerging trends in video surveillance technologies will have a significant impact on the overall wireless video surveillance market statistics during the coming decade. These include intelligent video analytics, 5G communication networks deep learning modules. Video analytics could 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. Adopting these technologies could lead to a more effective preventive security measures.
Market, By Component
Market, By System Type
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Market, By End-use
The above information has been provided for the following regions and countries: