Market Trends of Germany Video Surveillance Industry
The Hardware Segment Is Expected to Witness Significant Growth
- The security system usually has several hardware components, including cameras, back-end local video servers, and storage units. The single view/stereo intelligent internet protocol (IP)-based cameras capture video footage. Back-end video servers with storage and graphics cards support high-level video analysis and other processing algorithms, such as display image labeling and decompression. These hardware components work together to enable real-time surveillance and analysis of video data.
- The hardware segment in the video surveillance market is continuously evolving with technological advancements. There is a growing demand for high-resolution cameras, such as megapixel and UHD cameras, which offer superior image quality and finer details for better identification and analysis. Other technological advancements, such as network cameras, panoramic cameras, and edge-based processing, also contribute to the growth of the hardware segment.
- Further, major market players are introducing innovative products that can play a significant role in the segmental growth in the market. For instance, in June 2023, Bosch launched the FLEXIDOME 5100i fixed cameras that improve building security and operational efficiency with the new Intelligent Video Analytics (IVA) Pro Buildings. These video analysis techniques are based on deep learning and support reliable detection of intrusions and accurate counting of people in crowded areas, especially around buildings. With the new FLEXIDOME 5100i, owing to starlight, HDR, and Intelligent IR illumination, users can achieve high image quality over 24 hours.
- Moreover, a rising tide of security concerns is prompting a nationwide surge in the deployment of surveillance cameras, spanning various sectors and vertical markets. According to the Bundeskriminalamt, in 2023, German police documented around 214,100 violent crime cases, a notable uptick from the previous year, particularly in several sectors. It is worth highlighting that these figures have not been seen since their peak in 2007. With rising crime rates, the government is poised to respond, potentially catalyzing further growth in the video surveillance hardware market.
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The Commercial End-user Segment Is Expected Witness Significant Growth
- Commercial entities, such as retail stores, banks, hotels, and office buildings, face security challenges such as theft, vandalism, and unauthorized access. These concerns drive the adoption of video surveillance systems as a proactive security measure. Commercial end-users invest in video surveillance to protect their assets, deter criminal activities, and ensure the safety of employees, customers, and visitors.
- Further, commercial establishments in Germany need to comply with safety regulations to maintain a secure environment. Video surveillance systems help monitor compliance with safety protocols, identify potential hazards, and investigate incidents. Industries such as healthcare, manufacturing, and hospitality have specific safety regulations that require video surveillance for compliance, further driving the growth of the commercial segment.
- The banking sector places a high emphasis on security due to the sensitive nature of financial transactions and customer data. Banks and financial institutions extensively use video surveillance systems to monitor ATMs, cash handling, and customer service areas. These systems help deter robberies, detect fraud, and provide evidence for investigations.
- In November 2023, Dutch and German law enforcement arrested eight people allegedly responsible for several violent ATM robberies in Germany, which have caused at least EUR 3.5 million (USD 3.8 million) in property damage and the theft of EUR 2 million (USD 2.2 million). According to the Dutch News Site, NH Nieuws, from January 2023 to April 2023, there were 58 explosive ATM thefts in a German state. These situations force the adoption of video surveillance systems in commercial premises.
