Europe Video Surveillance Market By Camera Type (Fixed, Pan-Tilt-Zoom, Thermal, Motion Detection, License Plate Recognition), By Technology (Analog Surveillance, IP Surveillance, Hybrid Surveillance), By Application (Security & Surveillance, Monitoring & Alarming, Access Control, Traffic Management), By Component (Hardware, Software, Services), By End-User (Government & Defense, Retail, Transporta

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

View Details Download Sample Ask for Discount Request Customization

Europe Video Surveillance Market By Camera Type (Fixed, Pan-Tilt-Zoom, Thermal, Motion Detection, License Plate Recognition), By Technology (Analog Surveillance, IP Surveillance, Hybrid Surveillance), By Application (Security & Surveillance, Monitoring & Alarming, Access Control, Traffic Management), By Component (Hardware, Software, Services), By End-User (Government & Defense, Retail, Transporta

Europe Video Surveillance Market Size and Forecast

Europe Video Surveillance Market size was estimated at USD 8.99 Billion in 2024 and is projected to reach USD 19.93 Billion by 2031, growing at a CAGR of 10.46% from 2024 to 2031.

  • Video surveillance systems, often referred to as CCTV (closed-circuit television), utilize cameras to monitor public and private spaces.
  • These systems are implemented to deter criminal activity, improve public safety, and provide evidence for investigations.
  • Video footage can be used to reconstruct events, identify suspects, and hold perpetrators accountable.
  • Video surveillance can enhance traffic management by monitoring roadways and deterring violations.
  • While the use of video surveillance offers substantial benefits, its application is balanced with regulations to protect individual privacy.

Europe Video Surveillance Market Dynamics

The key market dynamics that are shaping the Europe video surveillance market include

Key Market Drivers

  • Heightened Security ConcernsMarket expansion across Europe is being propelled by a growing focus on public and private security. This heightened awareness is being driven by factors such as rising crime rates, concerns over terrorism, and the need to protect critical infrastructure. As a result, investment in video surveillance systems is being encouraged by governments and private organizations alike.
  • Technological AdvancementsThe European video surveillance market is significantly influenced by advancements in technology. More effective and intelligent surveillance systems are being led to by the development of high-definition cameras, powerful video analytics software, and integration with artificial intelligence. Features like facial recognition, anomaly detection, and real-time alerts are being offered by these advancements, making video surveillance a more attractive security solution.
  • Government Regulations and InitiativesA major driver for the European market is being acted upon by government regulations and initiatives mandating the use of video surveillance systems in public spaces and critical infrastructure. To deter criminal activity, improve public safety, and aid in investigations, these regulations are implemented. Additionally, investments in video surveillance solutions for traffic management and overall security enhancement are often included in government funding allocated towards smart city initiatives.
  • Urbanization and Infrastructure GrowthA significant demand for video surveillance solutions is being created by the ongoing process of urbanization across Europe. As cities become denser and infrastructure expands, the need to monitor traffic flow, deter vandalism, and ensure overall security is increased. Market growth for video surveillance systems in Europe is expected to continue being fueled by this trend.

Key Challenges

  • Data Storage and Bandwidth LimitationsVast amounts of data are generated by the increasing use of high-definition and ultra-high-definition cameras, coupled with advanced video analytics. Developing efficient storage solutions and increasing network bandwidth capacity are crucial to address this challenge.
  • Cybersecurity Threats As video surveillance systems become more sophisticated, they are becoming more vulnerable to cyberattacks. Implementing robust cybersecurity measures and encryption protocols is essential to safeguard sensitive data.
  • Privacy Concerns and Regulations Balancing security needs with data privacy rights remains a complex issue. Strict regulations governing data collection, storage, and usage require market participants to develop compliant solutions and ensure transparency regarding data practices.

Key Trends

  • Integration of Artificial Intelligence (AI) Video surveillance systems are increasingly incorporating AI-powered video analytics. This allows for automatic object recognition, anomaly detection, and real-time alerts, improving efficiency and effectiveness.
  • Cloud-Based Video Surveillance The market is witnessing a shift towards video surveillance as a service solution. This model eliminates the need for upfront hardware investment and offers remote access and scalability, making video surveillance more accessible to a wider range of users.
  • Cybersecurity Concerns As reliance on video surveillance grows, concerns regarding data security and privacy are being addressed. New regulations and advancements in data encryption are being implemented to mitigate these concerns and ensure user trust.
  • Convergence with Internet of Things (IoT) Video surveillance systems are increasingly integrating with other IoT devices like sensors and access control systems. This convergence allows for a more comprehensive security ecosystem, enabling real-time data analysis and a more proactive approach to security management.

What's inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Europe Video Surveillance Market Regional Analysis

Here is a more detailed regional analysis of the Europe video surveillance market

  • Safety and security across Europe are increasingly focused on due to growing security concerns, resulting in market expansion.
  • The effectiveness of video surveillance is enhanced by advancements in video analytics and high-definition cameras.
  • Government mandates for public safety and critical infrastructure security drive market growth.
  • The densification of cities due to rising urbanization creates demand for video surveillance solutions for traffic management and security.

Europe Video Surveillance MarketSegmentation Analysis

The Europe Video Surveillance Market is Segmented Based on Camera Type, Technology, Application, Component, and End-Users.

Europe Video Surveillance Market, By Camera Type

  • Fixed
  • Pan-Tilt-Zoom
  • Thermal
  • Motion Detection
  • License Plate Recognition

Based on Camera Type, the market is segmented into Fixed, Pan-Tilt-Zoom, Thermal, Motion Detection, and License Plate Recognition. Fixed cameras hold the highest market share in the Europe video surveillance market. This dominance is attributed to their widespread use in various surveillance applications due to their simplicity and cost-effectiveness. Advancements in technology have enhanced the capabilities and functionalities of fixed cameras, further solidifying their position in the market.

Europe Video Surveillance Market, By Technology

  • Analog Surveillance
  • IP Surveillance
  • Hybrid Surveillance

Based on Technology, the market is bifurcated into Analog Surveillance, IP Surveillance, and Hybrid Surveillance. IP surveillance is projected to hold the dominant market share. This dominance is attributed to the advantages IP systems offer, such as higher image quality, easier scalability, and remote accessibility.

Europe Video Surveillance Market, By Application

  • Security & Surveillance
  • Monitoring & Alarming
  • Access Control
  • Traffic Management

Based on Application, the market is classified into Security & Surveillance, Monitoring & Alarming, Access Control, and Traffic Management. Security & surveillance holds the highest market share, driven by the increasing demand for enhanced security measures across various sectors. The adoption of advanced surveillance technologies and analytics contributes to the dominance of Security & Surveillance in the market.

Europe Video Surveillance Market, By Component

  • Hardware
  • Software
  • Services

Based on Components, the market is segmented into Hardware, Software, and Services. Hardware is estimated to hold the highest market share within the European video surveillance market. This dominance is attributed to the essential role cameras, monitors, and storage devices play in any surveillance system.

Europe Video Surveillance Market, By End-Users

  • Government & Defense
  • Retail
  • Transportation & Logistics
  • Banking & Finance
  • Healthcare
  • Residential
  • Industrial
  • Hospitality

Based on End-Users, the market is bifurcated into Government & Defense, Retail, Transportation & Logistics, Banking & Finance, Healthcare, Residential, Industrial, and Hospitality. The commercial sector, encompassing industries like retail and banking, holds the largest market share. This dominance is attributed to the widespread adoption of surveillance systems for security purposes, deterring theft, and enhancing operational efficiency.

Key Players

The “Europe Video Surveillance Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Ivideon, Cloudvplus Holdings Ltd., Entrust It Group, Eagle Eye Networks, Inc., Verkada, Inc., Arcules Inc., Motorola Solutions Inc., Cisco Systems Inc., and Alta Protection Services.

Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, product benchmarking, and SWOT analysis. The competitive landscape section also includes key development strategies, market share analysis, and market positioning analysis of the players above globally.

Europe Video Surveillance Market Recent Developments

  • In June 2021, the acquisition of Ipsotek by Atos was completed, marking a significant milestone in Atos’ strategy to bolster its position in the Edge AI and Computer Vision market. By adding key software capabilities and IP to its solutions portfolio, Atos was empowered to offer a unique proposition to clients across various sectors.
  • In November 2021, an announcement was made by Videoloft, a UK-based cloud video surveillance company, regarding the introduction of a new direct integration with CCTV manufacturer Vivotek. This integration, although Videoloft had been compatible with Vivotek cameras via ONVIF previously, simplifies the process of connecting Vivotek cameras to the Videoloft cloud. Furthermore, compatibility with Vivotek NVRs/DVRs has been added.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Ivideon, Cloudvplus Holdings Ltd., Entrust It Group, Eagle Eye Networks, Inc., Verkada, Inc., Arcules Inc., Motorola Solutions Inc., Cisco Systems Inc., and Alta Protection Services.

SEGMENTS COVERED

By Camera Type, By Technology, By Application, By Component, and By End-Users.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days)  with purchase. Addition or alteration to country, regional & segment scope

To Get Customized Report Scope- 

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.