Global Video Surveillance Market to Reach $88.06B by 2031
The video surveillance market is expected to grow steadily as AI analytics, edge computing, cloud-based monitoring and smart city projects drive demand for more intelligent security systems
The global video surveillance market is projected to grow from USD 56.11 billion in 2025 to USD 88.06 billion by 2031, registering a CAGR of 7.8% during the forecast period, according to a MarketsandMarkets report published in November 2025.
The report says growth is being supported by rising security concerns, expanding smart city initiatives and increasing investment in digital infrastructure. Demand is also being shaped by the adoption of IP cameras, AI-powered video analytics, cloud-based platforms and edge computing, which allow organizations to detect threats in real time and improve incident response.
Hardware remains the largest offering segment, accounting for 61.8% of the market in 2024, while the software segment is expected to record the fastest growth due to demand for video management software, analytics and cloud-based platforms. By system type, IP video surveillance is projected to grow at the highest CAGR of 9.3%, reflecting the shift from legacy systems to connected, high-resolution and analytics-enabled infrastructure.
Asia Pacific is expected to be the fastest-growing region, with a CAGR of 9.1% through 2031. MarketsandMarkets links this growth to rapid urbanization, smart city investments and wider adoption of AI-powered security technologies across public and commercial sectors.
The report identifies Hikvision, Dahua Technology, Hanwha Vision, Honeywell and Motorola Solutions among the key players in the market. It also highlights cybersecurity risks, privacy concerns linked to cloud-based systems, high operational costs and data compression issues as challenges for the industry.
