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Security Camera Market to Grow by USD 3.85 Billion from 2025-2029, Driven by Video Analytics for Surveillance and AI-Powered Market Evolution – Technavio

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global security camera market size is estimated to grow by USD 3.85 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  12.1%  during the forecast period. Growth of video analytics helpful for surveillance video analyses is driving market growth, with a trend towards growing adoption of iot and smart homes. However, challenges regarding privacy and data loss  poses a challenge. Key market players include ADT Inc., Amazon.com Inc., Canon Inc., Cisco Systems Inc., Costar Technologies Inc., Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Techwin America, Honeywell International Inc., Johnson Controls International Plc, JVCKENWOOD Corp., Motorola Solutions Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Simplisafe Inc., Sony Group Corp., Teledyne Technologies Inc., Vicon Industries Inc., and Xiaomi Inc..

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Security Camera Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 12.1%

Market growth 2025-2029

USD 3851.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.9

Regional analysis

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

Performing market contribution

North America at 38%

Key countries

US, China, Germany, Canada, UK, France, Japan, India, South Korea, and Italy

Key companies profiled

ADT Inc., Amazon.com Inc., Canon Inc., Cisco Systems Inc., Costar Technologies Inc., Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Techwin America, Honeywell International Inc., Johnson Controls International Plc, JVCKENWOOD Corp., Motorola Solutions Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Simplisafe Inc., Sony Group Corp., Teledyne Technologies Inc., Vicon Industries Inc., and Xiaomi Inc.

Market Driver

The security camera market is experiencing significant growth due to increasing operational needs for safety and crime prevention. Traditional security cameras are being replaced by smart security solutions, including AI-powered appliances and IP cameras with high-definition and infrared capabilities. Innovations like facial recognition, motion detection, and anomaly detection are driving consumer interest. Cost-effective options, such as box cameras and dome cameras, offer ease of installation and scalability. Strategic partnerships and promotions are making advanced security solutions more accessible to homeowners and businesses. With the rise of the Internet of Things, cloud-based video surveillance and mobile surveillance systems are becoming essential for both home and commercial security. Despite investment costs, the benefits of AI-driven analytics, incident response times, and thermal imaging outweigh the risks of misuse and privacy concerns. Security camera systems are essential for crime prevention, border security, and critical infrastructure protection, making them a worthwhile investment for private properties and public spaces. 

The Security Camera market is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) devices, specifically smart cameras, for residential security. These advanced cameras come equipped with video analytics and recognition capabilities, enabling them to monitor and identify family members, pets, and objects. Consumers can record and view security events in real-time via their smartphones. Additionally, vendors offer smart doorbells and peepholes, replacing traditional models with cameras that detect people entering or exiting homes and monitor objects outside. Indoor smart cameras can also be used to monitor pets or babies from a distance. 

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 Market Challenges

•         The security camera market is witnessing significant growth due to the increasing operational needs for safety and crime prevention in various sectors. Traditional security solutions like analog surveillance and dome cameras are being replaced by smart security cameras with advanced features like infrared, AI-powered appliances, and high-definition cameras. These innovations offer benefits such as anomaly detection, facial recognition, and two-way audio. However, challenges include investment costs, ease of installation, and privacy concerns. In high-risk areas like border security and critical infrastructure, scalable AI-driven analytics and thermal imaging are essential. Homeowners seek cost-effective, smart home technology solutions with long battery life and remote control. Strategic partnerships and promotions drive consumer interest. Despite these advancements, security risks and privacy protections remain crucial considerations. Incident response times and evidence collection are essential for investigations. Smart city development and mobile surveillance systems offer new opportunities. Overall, the market requires continuous innovation to address operational needs and consumer demands.

•         IP-based security cameras offer valuable surveillance solutions for businesses, but they also present significant cybersecurity risks. Hackers can launch various attacks, such as DDoS, MiTM, data breaches, APTs, and ransomware, exploiting vulnerabilities in these devices. Weak passwords and mass-produced, identical cameras make them easy targets. Compromised security cameras can disrupt networks and potentially provide a gateway to larger IT infrastructure breaches. Businesses must prioritize securing their IP-based security cameras to mitigate these risks.

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Segment Overview 

This security camera market report extensively covers market segmentation by  

Technology 1.1 Analog1.2 IP basedProduct Type2.1 HD and full-HD2.2 Non-HDGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and AfricaSystemApplicationFeatureCamera resolutionType

1.1 Analog-  Analog cameras are a cost-effective solution for businesses seeking continuous surveillance through closed-circuit television (CCTV) systems. These cameras transmit video signals over cable to video cassette recorders (VCRs) and digital video recorders (DVRs), offering resolution ranges compliant with National Television Standards Committee (NTSC) and Phase Alternating Line (PAL) standards. Resolutions range from 420 to 1080 pixels, ensuring clear images. Analog cameras can connect via coax cables, twisted-pair cables, or wireless connections. Vendors provide advanced features such as infrared light-emitting diodes (IR LEDs) for night vision, 1080 pixels analog high definition (AHD), 1080 composite video interface (CVI), and complementary metal-oxide-semiconductor (CMOS) sensors with Infrared Cutfilter Removal (ICR) for accurate color reproduction. Cameras are built with Ingress Protection rated metal, safeguarding against dust, sand, rain, and snow. VCRs and DVRs are essential for video recording, with offerings up to 50 terabytes of storage, motion-detecting push notifications, remote viewing via smartphones, tablets, and computers, advanced recording and playback options, and scheduling recording 24/7 or by motion detection. Vendors also provide customer care services and a three-year warranty. Analog cameras are commonly used in city infrastructure surveillance, ATM banking outlets, construction sites, and indoor retail environments due to their affordability and advanced features. With a lower average selling price (ASP) and technological advancements like AHD and pan-tilt-zoom (PTZ), the analog segment will continue driving growth in the global security camera market.

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Research Analysis

The Security Camera Market encompasses various segments, including video surveillance systems, CCTV, and smart home security. Accessories such as lenses, mounts, and cables enhance the functionality of these systems. Security camera technology continues to evolve, offering advanced features like analytics, remote monitoring, and cloud-based solutions. Organizations across industries rely on security cameras for benefits like deterrence, evidence collection, and improved safety. Installation and integration with business systems are crucial considerations. Security camera pricing varies based on factors like resolution, type, and advanced features. Privacy concerns and cybersecurity are essential aspects of the security camera market. Standards and regulations ensure data protection. Comparison of different security camera solutions based on their features, advantages, and ROI is vital for making informed decisions. The market’s growth is driven by increasing security concerns, technological advancements, and the integration of security systems with other business solutions. Security camera revenue is expected to continue growing as demand for advanced and cost-effective solutions increases. Innovations like AI and machine learning are transforming the market, offering improved monitoring, analytics, and cybersecurity. Maintenance and software updates are essential for ensuring optimal performance and security. Security camera manufacturers cater to various applications, from residential to industrial, providing customized solutions to meet diverse needs. The market’s trends reflect the shift towards more advanced, cost-effective, and user-friendly systems.

Market Research Overview

The security camera market is experiencing significant growth due to the increasing operational needs for safety and crime prevention in various sectors. Traditional security solutions, such as analog surveillance cameras, are being replaced by innovative smart security cameras with features like infrared technology, AI-powered appliances, and high-definition cameras. These advanced security solutions offer benefits like anomaly detection, facial recognition, and two-way audio. Investment costs for security camera systems have decreased with the advent of scalable IP cameras and the Internet of Things. Smart city development and border security are major drivers of growth, with AI-driven analytics and cloud-based video surveillance becoming essential components. Consumers, including homeowners, are showing increased interest in smart home devices and security solutions, leading to promotions and discounts. Expertise in security camera installation and maintenance is crucial for effective surveillance coverage. In high-risk areas, security cameras are used to prevent incidents like burglary, unauthorized access, and intruders. Thermal imaging and motion detection are effective surveillance tools for crime prevention. However, privacy concerns and data protection laws necessitate privacy protections and data redundancy. Security risks and misuse are potential challenges, requiring strategic partnerships and incident response times. Scalability and cost-effectiveness are essential considerations for commercial security and mobile surveillance systems. Overall, the market for security cameras is continuously evolving with innovations like machine learning and deep learning engines.

Table of Contents:

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

TechnologyAnalogIP BasedProduct TypeHD And Full-HDNon-HDGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And AfricaSystemApplicationFeatureCamera resolutionType

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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KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG

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Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.

IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.

OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career. As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.

In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.

“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”

Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.

The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.

About OATUG

The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.

About KNEX Technology

KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.

Media Contact

Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/

Twitter, LinkedIn

View original content:https://www.prweb.com/releases/knex-technology-cto-gustavo-gonzalez-elected-2025-president-elect-of-oatug-302347693.html

SOURCE KNEX Technology

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Dr. Gerard van Belle Appointed Director of Science at Lowell Observatory, Charting a Bold Future for Research

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Dr. van Belle to guide scientific exploration and foster innovation in the next era of astronomical research

FLAGSTAFF, Ariz., Jan. 10, 2025 /PRNewswire/ — Lowell Observatory is pleased to announce the appointment of Dr. Gerard van Belle as the new Director of Science. Van Belle, who has been an astronomer at the observatory since 2011, has been serving as the interim Director of Science.

In his new role, van Belle will lead a diverse team of astronomers and planetary scientists. He will spearhead the observatory’s new Science Vision, which focuses on advancing research capabilities and implementing cutting-edge technological improvements supporting Lowell’s leadership in astronomical research.

Under his leadership, the science department will continue to advance Lowell Observatory’s mission to pursue the study of astronomy, including the study of our solar system and its evolution, and to conduct pure research in astrophysical phenomena.

Van Belle’s own research focuses on fundamental stellar parameters, including the sizes, shapes, masses, distances, and temperatures of various types of stars. He is also renowned for his expertise in optical and near-infrared astronomical interferometry.

He earned his bachelor’s degree in physics from Whitman College in 1990, followed by a master’s degree from The Johns Hopkins University in 1993, and a Ph.D. in physics from the University of Wyoming in 1996.

Throughout his career, van Belle has been instrumental in the development and commissioning of major optical interferometers worldwide, including the Palomar Testbed Interferometer, the Keck Interferometer, and the Very Large Telescope Interferometer. His pioneering work in stellar surface imaging earned him the inaugural Edward Stone Award for Outstanding Research Publication at NASA’s Jet Propulsion Laboratory in 2002.

In 2011, van Belle joined Lowell Observatory’s science staff, where he applied high-resolution astronomical techniques to detect nearby exoplanets and map stellar surfaces. He served as the Director of the Navy Precision Optical Interferometer (NPOI) in Flagstaff, Arizona, from 2017 to 2018, and subsequently as its Chief Scientist until 2022.

Notably, van Belle was among the astronomers who voted against the definition of ‘planet’ advanced during the 2006 International Astronomical Union (IAU) conference in Prague, which relegated Pluto to being a ‘dwarf planet’ (which according to the IAU resolution is not a planet).

His extensive experience and dedication to advancing astronomical research make him a valuable leader for Lowell Observatory’s scientific endeavors.

“I am honored to take on this role at such a pivotal time for Lowell Observatory,” said van Belle. “Our Science Vision will guide us in exploring new frontiers in astronomy while strengthening our commitment to public engagement and education.”

Executive Director Dr. Amanda Bosh expressed her confidence in van Belle’s leadership: “Gerard’s extensive experience and dedication to our mission make him the ideal person to lead our scientific endeavors. I look forward to working closely with him as we embark on this exciting new chapter for Lowell Observatory.”

For more information about Lowell Observatory’s research and public programs, visit lowell.edu.

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

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ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:

“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.

Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:

Dan Schoenberg (dan.schoenberg@msg.com)

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SOURCE Sphere Entertainment Co.

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