The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033

LONDON, GREATER LONDON , UK, June 20, 2024 /EINPresswire.com/ -- The security and surveillance market has witnessed robust growth, expanding from $17.51 billion in 2023 to $19.17 billion in 2024, representing a compound annual growth rate (CAGR) of 9.5%. It will grow to $26.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. This growth trajectory is attributed to several factors including warfare and conflict, urbanization, population growth, criminal activities, and intelligence operations.

Increasing Terrorism and Illegal Activities Drive Market Growth
The rise in terrorism and illegal activities globally is a significant driver for the security and surveillance market. These threats stem from socio-economic disparities, political instability, religious extremism, and global interconnectedness. Security systems play a crucial role in detecting and preventing such incidents through advanced monitoring and analysis capabilities.

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Security And Surveillance Market Key Players and Market Trends
Major companies such as Samsung Electronics Co. Ltd., Panasonic Corporation, and Honeywell International Inc. are at the forefront, focusing on AI-driven surveillance solutions to enhance security measures. For instance, Vivotek Inc. launched VORTEX, a cloud-based AI surveillance solution, integrating deep learning technologies for improved threat detection and operational efficiency.

Security And Surveillance Market Segments:
• Type: Security Cameras, Digital Video Recorder And Network Video Recorder (DVR And NVR)
• Technology Type: Video Surveillance, Smart Home Security, Information Technology (IT) Security, Workplace Surveillance
• End-User: Industrial, Commercial, Residential, Other End-Users

Geographical Insights: Asia-Pacific Leading the Market
Asia-Pacific emerged as the largest region in the security and surveillance market in 2023 and is anticipated to maintain its dominance throughout the forecast period. The region's rapid urbanization and increasing infrastructural developments are driving the demand for advanced security solutions.

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Security And Surveillance Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Security And Surveillance Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on security and surveillance market size, security and surveillance market drivers and trends, security and surveillance market major players, competitors' revenues, market positioning, and market growth across geographies. The security and surveillance market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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