Video surveillance and analytics statistics

Issue 5 2022 Surveillance

The global video surveillance market grew faster than previously forecast in 2021 according to Omdia’s latest Video Surveillance and Analytics Intelligence Database.

The global market for video surveillance grew 14% in 2021 to $25,8 billion. However, continued market uncertainty is expected to slow growth to 8% CAGR to 2026.

Key points include:

• Continued market consolidation.

• Prolonged pandemic is slowing growth in China.

• Supply chain disruptions and inflation continue to push up prices.

• Ongoing global geo-political tensions add uncertainties to the market projection.

• Network camera revenues grew 19%.

• Commercial remains the largest end user market.

View a graphical representation of these statistics here.

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The future of the surveillance channel
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Hikvision launches latest range of cameras
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AI means proactive surveillance
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Integration is the key to smarter surveillance
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According to recent market projections, the local security industry is expected to grow by more than 10% annually through 2029, reflecting the increasing demand for smarter, more proactive security solutions.

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edgE:Tower video analytics integrated with SEON
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Sentronics has announced a new integration between its edgE:Tower advanced AI-driven video analytics solution and SEON, a Central Monitoring Software (CMS) platform. This integration enhances real-time situational awareness and automated threat detection for control rooms.

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The state of the VMS market
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SMART Security Solutions asked three platform vendors in South Africa, one that is developed and maintained in the country with an international market, for their views on the state of the VMS market and where it is headed.

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