{"id":2417,"date":"2023-07-07T10:08:23","date_gmt":"2023-07-07T10:08:23","guid":{"rendered":"https:\/\/dataprot.net\/?p=2417"},"modified":"2024-02-06T13:37:04","modified_gmt":"2024-02-06T13:37:04","slug":"surveillance-camera-statistics","status":"publish","type":"post","link":"https:\/\/dataprot.net\/statistics\/surveillance-camera-statistics\/","title":{"rendered":"10 Helpful Surveillance Camera Market Statistics in 2024"},"content":{"rendered":"\n
In the 1940s, the military employed the first closed-circuit television (CCTV) system for monitoring. Since then, society has found alternative uses and functions for this security and surveillance technology. <\/p>\n\n\n\n
The top CCTV production company, Hikvision, made $3.5 billion in revenue for surveillance technology in 2015. Recent statistics show that the company has tripled its revenue over the past seven years, garnering $11.6 billion. However, Hikvision is only one of the many companies transforming the surveillance camera market in 2023. <\/p>\n\n\n\n
This article is for those curious about the surveillance camera market. Below are several statistics surrounding the security camera market size and growth, CCTV camera usage, and its user demographic.<\/p>\n\n\n\n
The versatility of security cameras has piqued public interest. This pushed the market to expand and innovate higher-quality surveillance cameras to offer more variations in the market. <\/p>\n\n\n\n
Catering to such a competitive scene, Hikvision sells about 98 million cameras<\/a> every year across the globe, 12% of which go to the North American market. With many other companies in the surveillance camera market, its value grew to about $35.4 billion in 2022, with a projected value of $105.2 billion by 2029. <\/p>\n\n\n\n Let’s break down the statistics surrounding the usage, market size, and impact of surveillance cameras in 2023. <\/p>\n\n\n\n As CCTVs grow past their initial ‘security’ function and offer more features in the market, sales have also increased. In 2020, the global surveillance camera market was worth $20 billion<\/a>. Statistics establish a $15.4 billion increase in two years. <\/p>\n\n\n\n Small businesses rely on surveillance cameras to maintain orderliness, security, and proper business management. However, CCTV cameras aren\u2019t enough to maintain SMEs securely, as 43% of small businesses are prone to data breaches<\/a> and theft. <\/p>\n\n\n\n Here are more statistics about the market’s most-sold CCTV camera type and growth rate.<\/p>\n\n\n\n (Fortune Business Insights, Market Research Future)<\/p>\n\n\n\n With CCTV production companies like Hikvision, Dahua, Axis, and Hanwha Techwin dominating the scene, the global surveillance camera market exceeds the forecasted 11.9% CAGR in 2021, garnering a current CAGR of 16.8% for the next six years. <\/p>\n\n\n\n Improvements in CCTVs occurred through feats like motion sensors, artificial intelligence (AI) trends, and Internet of Things (IoT) systems. Highlighting convenience and security on their list of things to offer, the surveillance camera market will continue to be a lucrative business point in the next six years. <\/p>\n\n\n\n (Globe Newswire) <\/p>\n\n\n\n Regarding convenience, internet protocol (IP) camera systems dominate the CCTV market with 40% shares. An alternative to IP cameras is widely known as analog cameras, which store video footage on external storage devices like VCRs and DVRs. <\/p>\n\n\n\n IP cameras offer live feed and security, while analog cameras offer convenience and accessibility. IP networks and cloud connectivity are accessible across platforms and devices, favoring them in the market. Analysts predict a sharp decline in analog security cameras within the next four years.<\/p>\n\n\n\n These surveillance cameras can also connect through virtual private networks<\/a>, allowing users to bypass certain internet connections or tracking systems<\/a>, which is helpful for users who want to access their CCTV remotely. <\/p>\n\n\n\n (JVSG) <\/p>\n\n\n\n Statistics found that dome-type CCTV cameras are the most popular in the market for their ability to monitor areas at wide angles. However, consumers have preferences regarding CCTVs, depending on their needs.<\/p>\n\n\n\n See the table below for more details on the market’s ranking of different CCTV cameras. <\/p>\n\n\n\nSurveillance Camera Sales Statistics<\/strong><\/h3>\n\n\n\n
1. Global CCTV market grows at 16.8% CAGR for 2022-2029.<\/strong><\/h4>\n\n\n\n
2. IP cameras account for up to 40% of the market shares<\/strong>. <\/h4>\n\n\n\n
3. Dome cameras are the most popular CCTV type at 33.8% \u2013 with Wedge cameras as the least popular (1.7%). <\/strong><\/h4>\n\n\n\n