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Video Surveillance Market to grow by USD 37 billion (2024-2028), driven by the need to curb crime and terrorism, Report on how AI is driving market transformation – Technavio

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NEW YORK, Nov. 14, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global video surveillance market size is estimated to grow by USD 37 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.71%  during the forecast period. Need to mitigate criminal activities and terrorist attacks is driving market growth, with a trend towards advent of smart ai-based video surveillance. However, issues related to privacy  poses a challenge.Key market players include Agent Video Intelligence Ltd., Canon Inc., Costar Technologies Inc., CP PLUS International, Dahua Technology Co. Ltd., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Hexagon AB, Honeywell International Inc., Huawei Technologies Co. Ltd., i PRO Co. Ltd., Motorola Solutions Inc., NEC Corp., NICE Ltd., Robert Bosch GmbH, Teledyne Technologies Inc., Tiandy Technologies Co. Ltd., Zhejiang Uniview Technologies Co. Ltd., and Zicom Saas Pvt. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Video Surveillance Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.71%

Market growth 2024-2028

USD 37003.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.4

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 48%

Key countries

China, US, Japan, Germany, and India

Key companies profiled

Agent Video Intelligence Ltd., Canon Inc., Costar Technologies Inc., CP PLUS International, Dahua Technology Co. Ltd., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Hexagon AB, Honeywell International Inc., Huawei Technologies Co. Ltd., i PRO Co. Ltd., Motorola Solutions Inc., NEC Corp., NICE Ltd., Robert Bosch GmbH, Teledyne Technologies Inc., Tiandy Technologies Co. Ltd., Zhejiang Uniview Technologies Co. Ltd., and Zicom Saas Pvt. Ltd.

Market Driver

The Video Surveillance Market is experiencing significant growth due to heightened security concerns and smart city initiatives. Businesses and organizations are investing in advanced video surveillance systems for real-time access, remote monitoring, and intelligent security. Technology advancements, including AI-powered video, machine learning, computer vision, and object recognition, are driving the market. Regulatory requirements and privacy regulations are key considerations. Established manufacturers like Panasonic Corporation and Infinova Corporation offer IP cameras, network video recorders, and other necessary equipment. Integration of video surveillance with access control and centralized monitoring is becoming standard. Potential threats, such as data breaches and internet usage, are increasing the demand for high-capacity storage and bandwidth. The market spans various sectors, including enterprises, data centers, banking facilities, hospitality centers, retail establishments, warehouses, communication networks, healthcare organizations, and more. Investment costs and professional expertise are crucial factors. Global video surveillance market trends include IP surveillance, wireless, and the use of smart devices, mobile video surveillance, and analytics applications. Potential applications include security, anticorruption programs, border control, transportation infrastructure, and corporate houses. However, privacy concerns and potential misuse, such as the use of spy cameras and hidden cameras, remain challenges. 

The integration of Artificial Intelligence (AI) in video surveillance systems has revolutionized the industry. AI enables smart automation, allowing for the analysis of vast amounts of surveillance data to generate intelligent insights. Real-time analysis of live video streams is now possible with minimal human intervention. Intel’s Movidius, for instance, utilizes AI and deep learning to make video surveillance proactive. By detecting unattended objects and monitoring behavior, Movidius enhances security. Partnerships with Hangzhou Hikvision Digital Technology and Dahua Technology will expand the use of AI-based video surveillance. AI’s superior standard of facial, faceless, behavioral, and object detection corrects human errors, ensuring heightened security. 

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Market Challenges

The Video Surveillance Market is experiencing significant growth due to increasing security concerns, smart city initiatives, and business intelligence needs. Advancements in technology, such as AI-powered video, remote monitoring, and real-time access, are driving demand. However, regulatory requirements, privacy regulations, data breaches, and potential threats pose challenges. Established manufacturers like Panasonic Corporation and Infinova Corporation offer IP cameras, network video recorders, and other essential components. Enterprises, data centers, banking facilities, hospitality centers, retail establishments, warehouses, communication networks, healthcare organizations, and various other sectors are investing in video surveillance solutions. Challenges include access control, human operators, machine learning, computer vision, and bandwidth requirements. Integration of video with other security systems and potential threats like object recognition, behavior analysis, and advanced video analytics require intelligent security solutions. Investment costs, professional expertise, and regulatory compliance are key considerations. The market is expanding globally, with regions like the Rest of Europe, Abu Dhabi, and Latin America showing significant potential. However, concerns around privacy regulations, internet usage, smart devices, and mobile video surveillance persist. The market also includes traditional surveillance methods like analog format and IP security cameras, as well as wireless and hidden cameras. Safety is a top priority, with applications ranging from anticorruption programs and border security to transportation infrastructure and corporate houses.Video surveillance is a crucial tool for preventing and detecting crimes, yet it raises concerns regarding privacy infringement. Public surveillance systems may capture images in private areas without consent, leading to potential privacy breaches. Extensive video surveillance allows governments to gather comprehensive information about individuals’ lives without their approval, potentially infringing on their right to anonymity. This right is essential, as individuals may wish to visit sensitive places, such as infertility clinics or mental health facilities, anonymously. The boundary between legitimate monitoring and intrusion can be ambiguous, necessitating careful consideration and regulation.

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Segment Overview 

This video surveillance market report extensively covers market segmentation by  

Product 1.1 Hardware1.2 Software1.3 ServicesEnd-user 2.1 Public2.2 Commercial2.3 ResidentialGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Hardware-  The video surveillance market comprises various hardware components such as cameras, storage devices, network video recorders (NVR) or digital video recorders (DVR), video encoders, and network infrastructure. Among these, cameras are a crucial element. IP cameras, which combine cameras and computers in a networked infrastructure, are popular for video surveillance. They possess their own IP address and can be accessed remotely. IP cameras consist of a lens, image sensor, memory, and processors with image processing, compression, networking, and storage capabilities. Both IP and analog cameras are utilized for surveillance. Hangzhou Hikvision Digital Technology offers various analog cameras, while Axis Communications provides a range of IP cameras, including fixed box, fixed dome, modular, panoramic, explosion-proof, and thermal cameras. Vendors introduce new hardware systems and innovative features to influence market growth. NVRs and DVRs, used for managing and storing surveillance footage, are offered by vendors such as Axis Communications, Hangzhou Hikvision Digital Technology, and Panasonic. These plug-and-play systems support active HD and 4K surveillance. Both NVRs and DVRs have similar capabilities, but the former is used with IP cameras, while the latter is used with analog cameras.

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Research Analysis

The Video Surveillance Market is witnessing significant growth due to escalating security concerns and the increasing adoption of smart city initiatives. Businesses and organizations are leveraging video surveillance for business intelligence and real-time access to data. Advancements in technology, such as AI-powered video, machine learning, computer vision, and object recognition, are enhancing the capabilities of video surveillance systems. Regulatory requirements and integration with access control systems are also driving the market’s growth. Potential threats, such as fugitives and anticorruption programs, are further boosting the demand for video surveillance. The market spans various sectors, including healthcare organizations, security applications, borders, transportation infrastructure, corporate houses, educational institutes, buildings, and IP surveillance. IP security cameras, wireless systems, and the transition from analog format to IP are key trends in the market. Departments stores, food chains, malls, factories, workshops, and other commercial establishments are also significant consumers of video surveillance technology.

Market Research Overview

The Video Surveillance Market is witnessing significant growth due to increasing security concerns and smart city initiatives. Advanced technology, such as AI-powered video and machine learning, is driving the market with capabilities like object recognition, behavior analysis, and advanced video analytics. Remote monitoring and real-time access provide businesses with intelligent security solutions. Regulatory requirements and privacy regulations pose challenges, but the integration of video with access control and human operators ensures effective security. Potential threats, such as data breaches and internet usage, are mitigated through high-capacity storage and bandwidth. Established manufacturers like Infinova Corporation and Panasonic Corporation lead the market, with IP cameras, network video recorders, Ethernet cables, monitors, routers, and modems being essential components. The market spans various sectors, including enterprises, data centers, banking facilities, hospitality centers, retail establishments, warehouses, communication networks, healthcare organizations, and educational institutes. Global video surveillance applications range from security to transportation infrastructure, corporate houses, buildings, and IP surveillance. The market faces investment costs and professional expertise requirements, but the potential benefits, including safety and preventing fugitives, outweigh the challenges. The market extends to surveillance cameras in various formats, including IP and analog, wireless, and hidden or spy cameras. Speed cameras and database management are also part of the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductHardwareSoftwareServicesEnd-userPublicCommercialResidentialGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TCL 50 PRO NXTPAPER 5G Smartphone Named CES 2025 Innovation Award Honoree

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IRVINE, Calif., Nov. 14, 2024 /PRNewswire/ — TCL, a pioneer in display technology across feature-rich smartphones, tablets, and connected devices, is proud to announce its TCL 50 PRO NXTPAPER 5G smartphone has been honored with a CES 2025 Innovation Award for Mobile Devices. The recognition exemplifies TCL’s commitment to humanize technology and deliver innovative products optimized for the user experience.

This marks the second year in a row TCL has been recognized by the CTA for its mobile products. Last year, the TCL 40 NXTPAPER smartphone was also named a CES 2024 Innovation Award honoree in the Mobile Devices category. Emboldened by the positive feedback and results, TCL is committed to further pushing the boundaries of innovation with even more advanced and humanized technology for all users.

“At TCL, we’re not only keeping our finger on the pulse of the industry; we dig deep into every aspect of the user journey to help inform the devices that we craft,” said Jefferson Li, General Manager of TCL Mobile Phone Business Unit. “Integrating the pioneering NXTPAPER technology with cutting-edge AI capabilities, the TCL 50 PRO NXTPAPER 5G phone represents a significant upgrade in how we experience our digital world, providing users a clearer, more comfortable way to watch, create, and read wherever they go – all at an affordable price.”

The launch of the TCL 50 PRO NXTPAPER 5G at IFA 2024 in September has been a major highlight in TCL’s journey towards excellence this year. Leveraging AI functionalities powered by TCL’s partnership with Microsoft, and the distinct advantages of the latest NXTPAPER technology, the device is tailored to enrich reading and viewing experiences with enhanced productivity and unparalleled eye comfort. Representing a harmonious integration of technology and daily life, it empowers users with the freedom to effortlessly access and enjoy content in any setting.

The CES Innovation Awards program, organized by the Consumer Technology Association (CTA), is an annual competition honoring outstanding design and engineering in a multitude of consumer technology product categories. An elite panel of industry expert judges review and select the highest-scoring submissions based on innovation, engineering and functionality, aesthetics, and design.

The TCL 50 PRO NXTPAPER 5G boasts an exceptionally clear display that can minimize glare and reduce eye strain in any lighting condition, emulating the look and feel of paper that is gentle on the eyes. Adaptive screen settings optimize brightness and automatically adjust color temperature based on the time of day for a comfortable and natural viewing experience. A switch of the NXTPAPER Key instantly activates Max Ink Mode, promoting focused and immersive reading and minimizing eye fatigue. Combined with the Eye Care Assistant, the smartphone accommodates a contemporary digital lifestyle by prioritizing visual comfort. With sleek basalt cover and infinite pool design, it seamlessly blends both form and function.

About TCL Mobile
TCL Mobile specializes in the research, development and manufacturing of smartphones, tablets and connected devices. On a mission to deliver 5G for all, TCL Mobile helps its customers ‘Inspire Greatness’ in their lives through industry leading technology and solutions. For more information on TCL mobile devices, please visit: https://www.tcl.com/global/en/mobile

About TCL
TCL Electronics specializes in the research, development and manufacturing of consumer electronics including TVs, mobile phones, audio devices, smart home products and appliances. Combining thoughtful design and innovative technology to inspire greatness, our lineup delivers must-have features and meaningful experiences. As one of the world’s largest consumer electronics brands, our vertically integrated supply chain, and state-of-the-art display panel factory help TCL deliver innovation for all. For more information, please visit: https://www.tcl.com 

TCL is a registered trademark of TCL Corporation. All other trademarks are the property of their respective owners. 

 

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SOURCE TCL Communication Technology Holdings Ltd.

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Deepak Chem Tech Limited to invest Rs 5000 Crores to acquire Polycarbonate Assets of Trinseo at Germany

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The Board approves Rs 5000 Crore investmentIncludes Greenfield infrastructure capex and Technology LicenseTo manufacture 165000 Metric Tonnes Polycarbonate Resin at DahejDeepak Chem Tech Limited is a wholly owned subsidiary of Deepak Nitrite Ltd.

VADODARA, India, Nov. 15, 2024 /PRNewswire/ — Deepak Chem Tech Limited plans to invest Rs 5000 Crores in Polycarbonate Project. Deepak Chem Tech Limited (DCTL) – a wholly owned subsidiary of Deepak Nitrite Limited, has approved to undertake a project for manufacturing Polycarbonate resins, proposed to be setup at the greenfield site located at Dahej, Gujarat, to produce 165,000 Metric Tonnes. The plant is expected to be commissioned by the fourth quarter of FY 2028. For this, Deepak Chem Tech Ltd. has entered into an agreement with Trinseo to acquire its Polycarbonate assets located at Stade, Germany along with technology license. The agreement also provides access to Trinseo’s globally recognized CALIBRETM resins and trademark.

Polycarbonate is amongst the most versatile emerging polymer finding extensive applications in automotive segments including electric mobility, electronics and electrical, construction, appliances, medical devices and other sunrise sectors such as aerospace, aviation, drones etc.

Commenting on the development, Shri Deepak C Mehta, Chairman and Managing Director of Deepak Nitrite Limited said, “This is historic collaboration between DCTL and Trinseo opens strategic opportunities for both the companies to explore partnerships in downstream compounds as well as complimentary technology tie-ups to service India’s burgeoning appetite for high quality engineering polymers. The tagline ‘Made in India‘ coupled with world scale capacities and formidable brand credibility, opens a new horizon of opportunities in the Advanced Materials front.”

Trinseo is a major manufacturer of engineering polymers and compounds with reported net sales of approximately $3.7 billion in 2023. Its engineering compound portfolio finds application with global, marque brands across industries.

About Deepak Nitrite Limited:

Deepak Nitrite Limited (NSE: DEEPAKNTR, BSE: 506401), India’s fastest growing Chemical Intermediates company, has a diversified portfolio that caters to the dyes and pigments, agrochemical, pharmaceutical, plastics, textiles, paper and home, and personal care segments and Petro derivates intermediates -phenolics, acetone and IPA in India, and overseas. Its products are manufactured across seven locations, which are all accredited by Responsible Care. It is certified by Ecovadis, TfS and is part of the Nicer Globe Alliance. Focusing on a Triple Bottomline principle of People, Planet, Profit, Deepak Nitrite Ltd. deploys globally benchmarked standards & systems, we are now accredited ‘Silver Rating’ by EcoVadis in 2022, for sustainability initiatives.

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Global Times: Illuminate roof of ‘Beautiful China’: Solar-powered rooftops transform countryside environments, boost rural revitalization efforts

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BEIJING, Nov. 14, 2024 /PRNewswire/ — The upper part of the Chinese character “home” resembles a roof, symbolizing a home can only exist with a roof over it.

Today, an increasing number of Chinese people are creating environmentally friendly landscapes on the roofs they cherish most, showcasing a tangible “Beautiful China” through their homes.

In early winter, at the foot of the Helan Mountains, the sun still brightly shines over the vast Gobi Desert. When people enter Yuanlong village of Minning town, Northwest China’s Ningxia Hui Autonomous Region, one can find rows of newly constructed agricultural residences with red tiles and white walls lining the road. From above, the blue photovoltaic panels glimmering on each red roof create a colorful mosaic under the sunlight.

Chinese people have aspired to convey their vision of harmony between heaven, earth, and humanity through architecture. Regarding the decision to install photovoltaic panels on the roof of her house, villager Zhang Hui told the Global Times that by installing photovoltaic panels on their roofs, they earn extra money, and the clean energy generated by the panels also gives them a channel to make their contribution to the country’s emissions reduction and energy conservation efforts.

“We want to further emphasize the harmonious coexistence of humanity and nature, embodying a characteristic of Chinese modernization through our roofs,” she said.

In recent years, China’s solar photovoltaic technology is emerging as a key component of China’s strategy to achieve its “dual carbon” goals, which aimed at achieving peak carbon emissions by 2030, and carbon neutrality by 2060. 

The creation of this elevated landscape is a vivid representation of the Chinese people’s efforts in building a “Beautiful China” in all respects. In this revolutionary transformation that involving production methods, lifestyles, and values, countless individuals have keenly perceived that China is keeping pace with the times, making a sound, inclusive ecological environment for the well-being of the people.

Cash in on the sun

For the residents of the village, installing rooftop solar systems and earning money from sunlight has now become a source of joy. “Because when you look up, you can see your own roof, and it reminds you of the abundant harvest you have,” Zhang said.

Since 2016, Yuanlong village has successively built a 5-megawatt rooftop photovoltaic power station, supplied by photovoltaic panels on the roofs of over 1,635 immigrant households, accounting for nearly 96 of the village’s total households. As of March 2024, this initiative had earned a total of 40.22 million yuan ($ 5.5 million) in photovoltaic revenue for the village.

Since 2018, Zhang’s family has been renting the 54-square-meter rooftop to the power company, and the annual rental fee has increased from 300 yuan to 480 yuan as the power station has gradually entered a stable operating phase.

Beyond the tangible rental income, Zhang has also witnessed the thriving changes brought to her village by the rooftop photovoltaic power station program.

In 2020, the photovoltaic power station in Yuanlong village generated 850,000 yuan in revenue for the village collective. A portion of this revenue is distributed to villagers as rental fees, while another part is used as dividends for the village collective’s shares, funding various public welfare expenditures such as environmental sanitation improvements, major illness assistance for villagers, and education support.

The Global Times has learned how the rooftop solar systems program in Yuanlong village was operated: the local government attracts external investment to bid for the construction of a photovoltaic power station, guarantees a 100 percent buyback of the project’s output, ensuring that the village and its residents will receive 100 percent of profits during the 20-year operational period of the power station.

“Turning green, clean energy advantages into economic development advantages is a new concept for us,” said Ha Manpeng, 44, a villager from Yuanlong

Ha and many other villagers learned that the area they live has a high altitude, flat terrain and long sunlight hours, making it suitable for the installing of clean and efficient solar photovoltaic systems

“Simply retrofit the vacant roof, there will be a stable and long-term additional benefit. The manufacturers cooperating with the government will regularly send personnel to maintain, and regularly update the equipment, thus we have nothing to worry about,” Ha said.

Comfort life out of mountains

Zhang jokingly remarked that rooftop solar power generation has allowed the Yuanlong’s villagers to truly transition from a weather-dependent life to “making money from the weather.”

The over 10,000 villagers in Yuanlong were moved from another village – Xihaigu in 2012, which is a largely mountainous region that was labeled the “most unfit place for human settlement” by the United Nations in the 1970s due to land reclamation, drought, and a fragile ecological environment. 

Ha recalled his childhood living in the village hidden in the folds of the mountains, where every household was plunged into darkness at night.

Over the past 40 years, Ningxia launched six large-scale resettlement schemes, moving some 1.23 million people from Xihaigu to more habitable areas. The relocation was part of the poverty alleviation drive, fulfilling many villagers’ desire for a comfortable life out of the mountains.

Having escaped the vicious cycle of ecological and survival crises, what kind of life and development path did the villagers of Xihaigu choose in their new homes?

Yuanlong village is one of the villages that has benefited early from the income generated by photovoltaic power stations. Ha was among the first residents to install solar panels on roof.

Initially, Ha’s personal experience with the five photovoltaic panels installed on his roof was simply that they provided shade on sunny days, and made the roof less prone to leaks on rainy days. As more households in the village adopted the solar rooftops, Ha witnessed a profound improvement in the living conditions of the villagers, along with an increase in their income.

As of November 2020, China had achieved the feat of delisting all 832 poverty-stricken counties. The development of photovoltaic power stations, as a typical model of industrial poverty alleviation, has contributed to this historic achievement.

According to China’s National Energy Administration, by the end of 2020, China had built photovoltaic power stations with a combined capacity of 26.36 million kilowatts,  generating approximately 18 billion yuan in annual electricity revenue, and creating 1.25 million public welfare jobs.

When this clean, low-carbon, safe, and efficient energy enters the homes of ordinary people, it not only provides shelter through new types of rooftops for families, but also supports more Chinese people in achieving a moderately prosperous life. Many residents have come to realize that their choices contribute to the country’s energy conservation and emission reduction efforts.

They want to do even more.

“When I was a child, there was no electricity in my home, but now we can even produce electricity at home. In our village, people prefers to buy new energy vehicles. Waste sorting has become a habit for the villagers,” Ha said.

“When we go out traveling, the children can immediately ‘capture’ solar panels everywhere. They are also very happy to see that more and more villages began to install solar rooftops just like us,” Zhang added. 

Green electricity town

Facing the changes in life, as an official of the Yuanlong village, Zhang’s focus has gradually shifted from the land owned by villagers to the cattle and sheep they raise, and the job opportunities available to them. Now, she is also gradually learning to consider all these key aspects within the context of the new era of development she is in.

Whenever representatives from enterprises and communities visit Yuanlong village, Zhang highlights the embroidery skills of the local women and the solar roofs they have. 

One of Zhang’s proudest achievements this year has been helping to showcase and sell the village women’s embroidered crafts to a power supply company in Fuzhou, East China’s Fujian Province. She is very proud that this “green collaboration” has broken through regional limitations, built more bridges for communication between her village and the outside world, and empowered the development of local women.

With the official launch of the “green electricity town” project in Minning town in August 2023, which aims to create a new type of system demonstration area powered entirely by clean energy 24 hours a day, the project is expected to reduce carbon emissions by 48,000 tons annually once completed.

Zhang believes that the villagers in Yuanlong will have more opportunities to showcase their talents and felt gratified that she is living in a country that pays more attention to protecting the ecological environment.

At a national conference on ecological and environmental protection held in July 2023, Chinese President Xi Jinping has stressed efforts to promote the building of a Beautiful China in all respects and accelerate the advancement of modernization featuring harmony between human and nature.

The next five years is a crucial period for building a Beautiful China, which should be placed in a prominent position in building a great modern socialist country in all respects and advancing national rejuvenation, Xi said.

The country should support high-quality development with a high-quality ecological environment and promote the modernization featuring the harmonious co-existence between human and nature, he noted.

Looking up at her rooftop, Zhang eagerly awaits the completion of the “green electricity town.” She hopes it will build a stronger bridge connecting the common people’s dream of a better life with the country’s plans for emission reduction and energy conservation, leading to a more “Beautiful China.”

https://www.globaltimes.cn/page/202411/1323101.shtml

 

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SOURCE Global Times

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