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North America Video Surveillance Systems Market Size (2024 - 2029)

The North American video surveillance systems market is experiencing significant growth, driven by the increasing adoption of facial surveillance and smart home security cameras. The market's expansion is supported by the integration of AI-based video analytics, particularly in smart city applications, which provide additional insights beyond security. Despite initial setbacks due to the Covid-19 pandemic, demand has rebounded as restrictions have eased. However, the market faces challenges, such as the heightened risk of hacking due to the internet connectivity of many devices.

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Market Size of North America Video Surveillance Systems Industry

North America Video Surveillance Systems Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 14.80 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

North America Video Surveillance Systems Market Analysis

The North American video surveillance systems market is expected to grow with a CAGR of 14.8% during the forecast period 2022-2027. In North America, video surveillance systems are widely used in private-sector retail and commercial establishments, such as hotels, restaurants, and office complexes.

  • The increasing adoption of facial surveillance is a major factor gaining traction in the market. Many US states like Chicago and Detroit have already adopted real-time facial surveillance systems. For instance, Detroit uses surveillance technology through its Project Greenlight, a program offering priority 911 service to local businesses that agree to install cameras accessible by the Detroit Police Department's real-time crime center. The city also has traffic cameras and uses ShotSpotter technology to detect and locate gunshots.
  • Further, Canada's Edmonton Police Service (EPS) also uses a facial recognition solution to assist in criminal investigations. The EPS secured a contract with NEC Corporation of America for their NeoFace Reveal facial recognition solution, which has been used since 2022 to identify suspects in investigations.
  • The region has also witnessed an increasing adoption of smart home security cameras. AI-based video analytics, especially in smart city applications, further enhances efficiencies, offering many non-security-related insights for businesses. For instance, in October 2021, AWS announced the general availability of the Panorama Appliance, which customers can install in their facilities to run applications that analyze multiple video streams from existing on-premises cameras.
  • The Covid-19 pandemic has 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.
  • With technological advances, most video surveillance devices, like IP security cameras, are connected to the internet. Thus, the risk of being hacked has increased, which acts as a market restraint.

North America Video Surveillance Systems 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 North America Video Surveillance Systems Market is Segmented By Component (Hardware, Software, Video as a Service), End-User (Commercial, Infrastructure, Institutional, Industrial, Defense, Residential), and By Country (the US and Canada).

By Component
Hardware
Camera
Analog
IP Cameras
Hybrid
Storage
Software
Video Analytics
Video Management Software
Video as a Service (VSaaS)
By End-User
Commercial
Infrastructure
Industrial
Institutional
Residential
Government
By Country
United States
Canada
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North America Video Surveillance Systems Market Size Summary

The North American video surveillance systems market is experiencing significant growth, driven by the increasing adoption of advanced technologies such as facial recognition and AI-based video analytics. These systems are extensively utilized in private-sector retail and commercial establishments, including hotels, restaurants, and office complexes. The integration of smart home security cameras and smart city applications further enhances the efficiency and functionality of surveillance systems, providing non-security-related insights that benefit businesses. Despite the initial decline in demand due to the Covid-19 pandemic, the market has rebounded as restrictions have eased. However, the rise in internet-connected devices has also increased the risk of cyber threats, posing challenges to market growth.

The market is characterized by a competitive landscape with key players leveraging strategic collaborations to enhance their market presence and profitability. The hardware segment, particularly cameras and storage solutions, dominates the market, with advancements in IP cameras offering higher resolution and improved low-light performance. Retail and commercial sectors in the US are the largest consumers of surveillance systems, utilizing them for security and operational intelligence. Privacy concerns related to facial recognition technology and increased surveillance are notable challenges, prompting discussions around ethical implications. Companies like Motorola Solutions and Eagle Eye Networks are innovating with cloud-based solutions and analytics to improve security and business intelligence, while strategic alliances and product launches continue to shape the market dynamics.

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North America Video Surveillance Systems Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness-Porter's Five Forces 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 Infrastructure

      3. 2.2.3 Industrial

      4. 2.2.4 Institutional

      5. 2.2.5 Residential

      6. 2.2.6 Government

    3. 2.3 By Country

      1. 2.3.1 United States

      2. 2.3.2 Canada

North America Video Surveillance Systems Market Size FAQs

The North America Video Surveillance Systems Market is projected to register a CAGR of 14.80% during the forecast period (2024-2029)

Avigilon Corporation, Honeywell International Inc., AV Costar, Napco Security Technologies, Inc. and Genetec Inc. are the major companies operating in the North America Video Surveillance Systems Market.

North America Video Surveillance Systems Report Snapshots

North America Video Surveillance Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)