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Video Surveillance Market worth $88.71 billion by 2030 – Exclusive Report by MarketsandMarkets™

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2 years ago

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DELRAY BEACH, Fla., Nov. 6, 2024 /PRNewswire/ — The Video surveillance market is expected to be valued at USD 54.42 billion in 2024 and is projected to reach USD 88.71 billion by 2030, growing at a CAGR of 8.5% during the forecast period according to a new report by MarketsandMarkets™. Additions to existing applications in various industries and technological advancements in video surveillance product offerings are key factors driving the expansion of the video surveillance market. Restraints such as privacy concerns and bandwidth and storage issues hinder market growth. However, factors such as expansion in emerging markets and the emergence of smart cities provide lucrative opportunities for market players in the coming years.

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Browse in-depth TOC on “Video Surveillance Market” 
330 – Tables
70 – Figures
330 – Pages

Video Surveillance Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 54.42 billion

Estimated Value by 2030

$ 88.71 billion

Growth Rate

Poised to grow at a CAGR of 8.5%

Market Size Available for

2020–2030

Forecast Period

2024–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, System, Vertical and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Cybersecurity risks

Key Market Opportunities

Emergence of AI and ML-powered video analytics

Key Market Drivers

Increasing use of edge AI

Hardware by offering to witness the highest market share during the forecast period

Cameras, monitors, and storage devices hold the maximum share in the market of the video surveillance market.  Demand for security across various verticals is acting as driver for the market. High-resolution IP cameras and thermal cameras are gaining wider acceptance because they allow better image clarity under low-light conditions. In addition, the advanced features of modern cameras, such as AI-enabled facial recognition, motion detection, and real-time analytics, further go to enhance them, which are also necessary for the new surveillance system. Even the monitors and storage solutions are significant because the requirement for large-scale monitoring and long-term data retention builds up with the increased deployment of surveillance systems in smart cities and different critical infrastructures. Additionally, it is widely seen that the software capabilities are often accompanied by hardware updates to maintain the evolution of software capabilities and increasing payloads for data processing, where the dominance of hardware continues to prevail. A notable addition includes the steady increase in the need for cameras and associated hardware in the consumer and enterprise markets with the trend toward IoT and smart home solutions. With mushrooming surveillance needs worldwide, hardware will continue to be an important investment in the effective management of security.

Video surveillance market for IP video surveillance systems by system to hold the highest market share during the forecast period

IP video surveillance systems are likely to maintain the highest market share in the video surveillance market due to several key factors. The technology provides superior image quality and better flexibility, and scalability compared to traditional analog systems. As the dimensions of high-resolution video and unhindered system scalability are gaining traction amongst businesses and governments, this makes IP cameras very prone to adoption while giving them the room to integrate with complex software solutions like video analytics, facial recognition, and AI-based monitoring. In addition, the rising demand for smart city projects and infrastructure programs globally is also pushing the need for effective and scalable surveillance solutions that IP systems can easily deliver. The system also facilitates remote monitoring from geographically dispersed sites through cloud-based platforms, thus making it a product in huge demand for large installations spread across diverse locations, further propelling the demand among enterprises as well as among urban centers. Moreover, continuous shifts toward wireless connectivity and gradually decreasing costs of IP cameras are making them increasingly available to small and medium businesses. The upsurge in security fears about theft, terrorism, and public safety is yet another factor paving the way for new generations of security solutions, of which IP video surveillance stands out in terms of flexibility and integration into modern IT infrastructure. All these tendencies point to the expected dominating positions of the IP systems in the market. 

Infrastructure by vertical in the video surveillance market to exhibit the highest CAGR during the forecast period

Governments and private sectors have identified the security of vital infrastructure, such as airports, railways, highways, energy facilities, and public space, to be of paramount importance. All these institutions pose a great threat to vandalism, terrorism, and also unauthorized access, hence the quest for advanced surveillance systems. Urbanization and smart city initiatives all amount to requiring monitored solutions that ensure not only public safety but also a smooth management of traffic in the infrastructure expansion. Video surveillance systems with AI and analytics capabilities allow real-time monitoring, threat detection, and automated alerts-all of which are critical in securing an expanding urban space. The increased demand for robust security solutions that are secure and protected infrastructure is compelling industries worldwide to go for these strong security solutions. Advanced technologies in facial recognition, thermal imaging, and cloud-based surveillance systems accelerate the process, further increasing the efficiency and scalability of video surveillance systems. The huge growth in the video surveillance market will be driven by the dependency of the sector on such sophisticated solutions to prevent potential threats against their infrastructures.

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Based on region video surveillance market for Asia Pacific is expected to hold the highest CAGR during the forecast period

Asia Pacific is expected to dominate the video surveillance industry as urbanization and infrastructure in the region are rapidly expanding. The vast growth of smart city projects and public transport systems, as well as development in industrial zones in countries like China, India, and Japan, is definitely contributing to this emerging demand for video surveillance solutions. The increasing crime rate is also a driver for the market. The increasingly popular technologies in the Asia Pacific, including AI-based video analytics and cloud-based surveillance, are also supported by favorable policies and government initiatives. The importance is that security cameras and video surveillance systems from China occupy a significant share in the production and deployment of security cameras and video surveillance systems globally, and this significantly contributes to Asia’s overall domination in this field. Further, the increase in smart home security and demand for surveillance in the commercial sector, including retail, banking, and manufacturing, is fueling market growth further. Altogether, these factors make Asia Pacific a key region for video surveillance solutions.

Key Players

The video surveillance companies includes major Tier I and II players like Hangzhou Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd (China), Honeywell International Inc. (US), Motorola Solutions, Inc. (US), Bosch Sicherheitssysteme GmbH (Germany) and others. These players have a strong market presence in advanced packaging across various countries in North America, Europe, Asia Pacific, and the Rest of the World (RoW).

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

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3 hours ago

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October 25, 2026

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Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

3 hours ago

on

October 25, 2026

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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10 hours ago

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October 24, 2026

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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