Surveillance Camera Market: Safety Measures evolving daily

Security concerns both at residential and commercial levels all across the globe are something that has been driving the upsurge in the Surveillance Camera Market. Predictions say that the market is destined to reach a size of US$ 65.22 billion with a CAGR of 10.64% by 2031.

The demand for surveillance cameras is growing majorly as people are becoming more aware of security concerns. February 2024, marks two years of the ongoing Russia-Ukraine war. Ukraine has now installed thousands of surveillance cameras from Hikvision and Dahua, two Chinese companies. These have been installed in different residential, commercial, government areas, and borders all across Ukraine which have helped the country’s people to stay aware of anything suspicious that’s happening around them and take control which they weren’t able to do earlier.

North America is the dominator of this market as they are the highest producer of surveillance cameras. In the US the cameras are majorly installed in the private sector, retail, and commercial areas like eateries, office complexes, IT parks, and so on. The surveillance cameras have another segment added to them, smart home security cameras. These are majorly installed at homes, and inside the premises to keep the security of the place under control, and this has integrated AI too, So, it comes with a lot of modern features. Some keep them to regulate their pets who are back at home, or if they are working individuals and have to leave their babies with the sitter.

Video surveillance systems are now also an integral part of IoT. These are sensors that can detect what an ordinary human can't such as pollution level, noise level, tremors, etc. With every passing day, there is a technical change that is being brought into the surveillance camera Market, helping it generate more revenue and increase the market size.

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