Europe Video Surveillance Systems Market Size (2024 - 2029)

The European video surveillance systems market is experiencing significant growth, driven by increasing security concerns and rising IT and security spending. The market's expansion is supported by government initiatives aimed at developing advanced security systems, as well as the growth in public and private infrastructure, construction, and the tourism industry. Despite challenges such as the potential for cyber threats and the impact of the Covid-19 pandemic on demand, the market is poised for continued growth as restrictions ease and the adoption of video surveillance systems increases across various sectors in Europe.

Market Size of Europe Video Surveillance Systems Industry

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Europe Video Surveillance Systems Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 15.50 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Europe Video Surveillance Market Analysis

The European video surveillance systems market is expected to register a CAGR of around 15.5% during the forecast period (2022-2027). Europe is one of the leading markets exhibiting an increased adoption of video surveillance systems due to the growing security concerns. The market is primarily driven by rising IT spending, increasing security spending, and government initiatives toward developing advanced security systems in the region.

  • Video security surveillance systems are widely used in European public and private venues. Most EU institutions and bodies have video surveillance in operation on their premises, including small executive agencies with only a few CCTV cameras and EU institutions and bodies with seats in the many Member States operating several hundreds of cameras.
  • Additionally, the growth in public and private infrastructure, expansion in the construction market, the opening of new hotels and shopping malls, and the flourishing tourism industry are some of the key factors that would propel the demand for video surveillance systems in Europe during the forecast period.
  • Various companies are launching new security services to cater to the significant segment across Europe. For instance, in July 2021, Bosch Security and Safety Systems, based in Germany, announced the launch of its new FLEXIDOME panoramic 5100i camera range. This new product includes indoor and outdoor IR models offering 6- or 12-megapixel resolution with a stereographic fish-eye lens. Moreover, the cameras also feature a built-in microphone array.
  • With advances in technology, most video surveillance devices, like IP security cameras, are connected to the internet and are thus at the risk of being hacked, which acts as a market restraint.
  • The Covid-19 pandemic led to lockdown protocols that closed the opportunity for home security breaches as people were confined in their homes, negatively impacting video surveillance systems' demand. However, the rates have picked up again, with restrictions easing up.

Europe Video Surveillance Industry Segmentation

A video surveillance system is a network of cameras, display units, and recorders used to monitor people, facilities, or places from a distance. Video surveillance is a useful and economical method to ensure the security of people, buildings, and valuables.

The Europe Video Surveillance Systems Market has been segmented based on the component (Hardware, Software, Video as a Service), by End-User (Commercial, Infrastructure, Institutional, Industrial, Defense, Residential), and by Country (United Kingdom, Germany, France, Italy, Rest of Europe).

By Component
Hardware
Camera
Analog
IP Cameras
Hybrid
Storage
Software
Video Analytics
Video Management Software
Video as a Service (VSaaS)
By End-User
Commercial
Industrial
Residential
Government
By Country
United Kingdom
Germany
France
Italy
Rest of Europe
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Europe Video Surveillance Systems Market Size Summary

The European video surveillance market is experiencing significant growth, driven by increasing security concerns and heightened IT and security spending. The region's commitment to developing advanced security systems, supported by government initiatives, is a key factor in this expansion. Video surveillance systems are extensively utilized across both public and private sectors, with EU institutions and bodies operating numerous cameras across member states. The demand for these systems is further bolstered by the growth in infrastructure, construction, and the tourism industry, which necessitates enhanced security measures. Technological advancements have led to the introduction of innovative products, such as Bosch's FLEXIDOME panoramic cameras and Ava Security's cloud-connected cameras, which incorporate AI and machine learning for real-time anomaly detection.

In the United Kingdom, the demand for video surveillance is accelerating due to terrorism threats and the need for improved workplace safety. CCTV cameras are prevalent in high-risk areas, and their use spans various sectors, including public safety, private businesses, and domestic properties. The market is characterized by a moderate level of competition, with key players like Axis Communications, Motorola Solutions, and Atos engaging in strategic collaborations and acquisitions to enhance their market presence and profitability. These companies are focusing on integrating advanced technologies, such as AI-enhanced video analytics and cloud solutions, to meet the evolving security needs across Europe.

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Europe Video Surveillance Systems Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness-Porters 5 Force Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Impact of COVID-19 Outbreak on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Component

      1. 2.1.1 Hardware

        1. 2.1.1.1 Camera

          1. 2.1.1.1.1 Analog

          2. 2.1.1.1.2 IP Cameras

          3. 2.1.1.1.3 Hybrid

        2. 2.1.1.2 Storage

      2. 2.1.2 Software

        1. 2.1.2.1 Video Analytics

        2. 2.1.2.2 Video Management Software

      3. 2.1.3 Video as a Service (VSaaS)

    2. 2.2 By End-User

      1. 2.2.1 Commercial

      2. 2.2.2 Industrial

      3. 2.2.3 Residential

      4. 2.2.4 Government

    3. 2.3 By Country

      1. 2.3.1 United Kingdom

      2. 2.3.2 Germany

      3. 2.3.3 France

      4. 2.3.4 Italy

      5. 2.3.5 Rest of Europe

Europe Video Surveillance Systems Market Size FAQs

The Europe Video Surveillance Systems Market is projected to register a CAGR of 15.5% during the forecast period (2024-2029)

Robert Bosch GmbH,, Videotec S.P.A, Axis Communications AB, MOBOTIX AG and Milestone Systems are the major companies operating in the Europe Video Surveillance Systems Market.

Europe Video Surveillance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)