Technology
Security Camera Market to Grow by USD 3.85 Billion from 2025-2029, Boosted by Video Analytics for Surveillance and AI-Powered Market Evolution – Technavio
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NEW YORK, Jan. 13, 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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Forecast period
2025-2029
Base Year
2024
Historic Data
2019 – 2023
Segment Covered
Technology (Analog and IP based), Product Type (HD and full-HD and Non-HD), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)
Region Covered
North America, APAC, Europe, South America, and Middle East and Africa
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.
Key Market Trends Fueling Growth
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 Africa
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 Africa
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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IEEE Reveals Predictions for Top Technology Trends of 2025
Published
14 minutes agoon
January 14, 2025By
From leveling the AI playing field to advancing drone technology and medical diagnostics via wearables, 2025 will deliver new, efficient computer science-based solutions for consumers and businesses
LOS ALAMITOS, Calif., Jan. 14, 2025 /PRNewswire/ — IEEE, the world’s largest technical professional organization dedicated to advancing technology for humanity, announced today, together with the IEEE Computer Society (CS), its 2025 Top Technology Predictions. The report contains a forecast of the trends that will have the greatest impact on the global computer engineering industry in 2025, redefining and re-shaping the global community for years to come.
“Each year, the IEEE Computer Society strives to summarize the technology trends driving the future of computer science and engineering through our annual Technology Predictions,” said Dejan Milojicic, IEEE Computer Society Technology Predictions Committee Chair, IEEE Fellow, and 2014 IEEE Computer Society President, “The experts who make up our Committee thoroughly examine what’s happening today to ensure the IEEE Computer Society and the larger computer science and engineering community are prepared and can both lead new directions for the field and respond to the opportunities these developments will bring. Advances with these technologies will be reflected in the coming year at our top-ranked industry conferences and peer-reviewed journals.”
The Committee evaluated technologies based on the likelihood of commercial or research success in 2025, impact on humanity, maturity, market adoption, and adoption horizon. Based on that evaluation, the Committee scored each technology with a letter grade using a U.S.-based educational evaluation scale, with A serving as excellent, B as average, and C as low potential in the coming year.
For 2025, the Committee identified the top five computer science and engineering technologies that will have the most significant impact on the global ecosystem, focusing on those with the most advancement, largest market adoption, and market maturity. These technology trends include:
Leveling of the AI playing field with new forms of Large Language Model (LLM) deployment: As AI continues to grow in accessibility, companies will seek out ways to efficiently leverage LLMs. For instance, open-source communities create ways for developers to efficiently tap into successful models, and cloud services are providing LLM solutions with integrated prompt engineering. Hardware evolution will continue to specifically accommodate for optimal run of LLMs, and model compression will continue. As a result, 2025 will see deployments of Small Language Models and exotic, special-purpose models, transforming industries through more domain-specific and efficient AI applications.
Expanding access to drones: In 2025, expect to see Drone-as-a-Service (DaaS) redefine logistics, agriculture, and disaster response, offering reliable, low-cost solutions with quick turnarounds. Advancements in technology, including size, weight, and power optimization, battery life, and electric vertical take-off and landing aircraft (eVTOL) technologies will further boost adoption, making drones more commercially viable and efficient for a variety of industries.
Commercial success of AI agents: Building on the success of LLM accessibility, AI agents will combine LLMs, machine learning (ML) models, and rule-based systems to provide autonomous, highly specialized solutions for finance, manufacturing, and retail operations. The coinciding advancement of small language models will lower hardware requirements and enable easier fine-tuning of AI agent solutions, and open-source AI libraries and models will allow for model and data ownership. In addition, cloud solutions with friendly user interfaces and low code approaches will increase the accessibility of these solutions in 2025.
Businesses will deploy AI agents for a variety of customer service and simplified operational tasks.
More widespread evaluation of AI-enhanced robotics: In 2025, embodied intelligence will enable robots to perceive, learn, and collaborate in dynamic environments, achieving unprecedented autonomy and human-like adaptability. We can expect advancements in research settings, including work on LLMs, multimodal AI, and computer vision; advanced edge computing and 5G/6G networks; next-generation battery technology, wireless charging, and energy storage; integrated sensors with advanced fusion capabilities and real-time analytics to enable enhanced perception and seamless interaction; and robust data integration from the Internet of Things (IoT) for real-time adaptability. At the same time, engineers will continue exploring standardized protocols for robot-to-robot communication to ensure seamless interaction and collaboration.
Increased conceptualization of wearables/biomarkers in medicine/wellness: In the coming year, we expect to see wearables make the transition from pure fitness tracking to early concepts of products for medical-grade monitoring of chronic conditions. Devices will have the ability to track biomarkers for early disease detection and proactive wellness, enabled by the identification of low-cost, specific biomarkers. In addition, new ML algorithms and accelerators will be created to perform sophisticated computations, and at the same time, miniaturized electronics will address practical needs, supported by new forms of battery efficiency and integrated circuit technologies.
In addition to these top technology developments, the Committee also anticipates the following technologies will experience significant growth over the next year: IT/energy convergence; augmented AI; autonomous driving; SmartAg; functional safety/autonomous vehicles; AI-assisted drug discovery; sustainable computing; mis/disinformation; AI-based medical diagnosis, AI-optimized green high-performance computing; next-gen cyberwarfare; new battery chemistries; data feudalism; nuclear-powered data centers; tools and policies for AI regulation; brain-computer interfaces (ones that enhance interfaces between humans and computers, particularly for those with disabilities); and space computing. A detailed dive into each of these areas can be accessed in the full report.
Recommendations
Beyond outlining computer science and engineering trends, the 2025 Technology Predictions Committee offers insights into how industry, government, academia, and professional organizations can support and advance these developments. Key recommendations for these groups include:
Industry: Explore new facets of LLM deployment and start delivering AI agents in areas where they can complement human labor.
Government: Invest in tools and policies for AI regulation in broad domains and foster industry to drive AI-assisted drug discovery.
Academia: Research and prototype AI-optimized, green High Performance Computing (HPC), and prototype brain-computer interfaces for a select set of ethically approved use cases.
Professional Organizations: Define standards and best practices for wearables/biomarkers in medicine/wellness, foster safe and ethically aligned augmented AI, and encourage AI-based medical diagnosis for existing/new diseases.
“The 2025 Technology Predictions offer us an opportunity to really look at where the industry is headed,” said Hironori Washizaki, 2025 IEEE Computer Society President. “As the leading computer science and engineering organization, it is imperative that we provide the vision to guide not only our members, but the greater community, towards the future. These predictions enable us to partner with the community to help lead and drive the advancements that will transform the field as we know it.”
To download the complete 2025 Technology Predictions Report, please visit computer.org.
About IEEE
IEEE is the world’s largest technical professional organization and a public charity dedicated to advancing technology for the benefit of humanity. Through its highly cited publications, conferences, technology standards, and professional and educational activities, IEEE is the trusted voice in a wide variety of areas ranging from aerospace systems, computers, and telecommunications to biomedical engineering, electric power, and consumer electronics. Learn more at https://www.ieee.org.
About the IEEE Computer Society
Engaging computer engineers, scientists, academia, and industry professionals from all areas and levels of computing, the IEEE Computer Society (CS) serves as the world’s largest and most established professional organization of its type. IEEE CS sets the standard for the education and engagement that fuels continued global technological advancement. Through conferences, publications, and programs that inspire dialogue, debate, and collaboration, IEEE CS empowers, shapes, and guides the future of not only its 375,000+ community members, but the greater industry, enabling new opportunities to better serve our world. Visit computer.org for more information.
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SOURCE IEEE Computer Society
Technology
Savvas Learning Company is Named to the GSV 150 For the Third Year in a Row
Published
14 minutes agoon
January 14, 2025By
Leading national learning solutions provider recognized among the most transformational growth companies in digital learning and workforce skills
PARAMUS, N.J., Jan. 14, 2025 /PRNewswire/ — Savvas Learning Company, a next-generation K-12 learning solutions leader, is proud to announce that it has been named to the 2025 edition of the GSV 150, an annual list of the top 150 private companies transforming digital learning and workforce skills. This is the third year in a row that Savvas has been named to the GSV 150.
“Savvas has long been a leader in utilizing adaptive technology to provide students with deeply personalized learning experiences,” said Bethlam Forsa, CEO of Savvas Learning Company. “Advances in artificial intelligence are allowing us today to offer even greater personalized learning for students and enhanced support for educators in ways not previously possible. To be named to the GSV 150 is truly an honor, especially for three years running, as it recognizes our commitment to using technology to transform the K-12 teaching and learning experience.”
GSV is a global community and growth investment platform that drives education and workforce skills innovation. It estimates that together these top 150 companies selected for this year’s annual list reach roughly 3 billion people — almost half of the global population — and generate $25+ billion in annual revenue.
Savvas was chosen from more than 2,500+ global companies revolutionizing the world of education technology, from Pre-K-12 to workforce learning. GSV evaluated these companies on five criteria — revenue scale, revenue growth, user reach, geographic diversification, and margin profile — to determine the global GSV 150 list.
With its award-winning Savvas Realize platform and its use of advanced technologies to make learning more engaging and interactive, Savvas is widely known for driving innovation and leading the digital transformation of K-12 education, including with artificial intelligence. It has developed its own proprietary AI-driven capabilities that are being used in cutting-edge tools, such as a new AI-enabled scoring engine for use with its core literacy programs. Introduced for this school year, the tool makes grading easier for teachers and gives students immediate feedback to improve their writing skills.
There’s also growing demand in K-12 education to ensure today’s students are better prepared for their future after high school. Savvas is helping to meet this demand with the launch of Savvas PathMaker, a portfolio of college and career readiness solutions that builds upon the company’s strategic acquisitions of Outlier and Pointful Education. Savvas PathMaker combines award-winning Outlier by Savvas dual-enrollment courses with innovative Savvas CTE (career and technical education) courses to provide an all-in-one digital solution that opens a world of opportunities for students.
Visit GSV 150 for the full list of 2025 winners.
In addition to Savvas being selected for inclusion on the GSV 150 list, Forsa has also been chosen to speak at the 2025 ASU+GSV Summit, which is being held April 6-9 in San Diego.
ABOUT SAVVAS LEARNING COMPANY
At Savvas, we believe learning should inspire. By combining new ideas, new ways of thinking, and new ways of interacting, we design engaging, next-generation K-12 learning solutions that give all students the best opportunity to succeed. Our award-winning, high-quality instructional materials span every grade level and discipline, from evidence-based, standards-aligned core curricula and supplemental and intervention programs to state-of-the-art assessment tools and the industry’s most innovative portfolio of college and career readiness solutions — all designed to meet the needs of every learner. Savvas products are used by millions of students and educators in more than 90 percent of the 13,000+ public school districts across all 50 states, the District of Columbia and Puerto Rico, as well as globally in more than 125 countries. To learn more, visit Savvas Learning Company. Savvas Learning Company’s products are also available for sale in Canada through its subsidiary, Rubicon.
ABOUT GSV
Founded in 2011, GSV is a global platform that drives education and workforce skills innovation. We believe that ALL people have equal access to the future, and that scaled innovations in “PreK to Gray” learning and skills are crucial to achieving this goal. The GSV platform includes the ASU+GSV Summit, hosted annually in San Diego with 7,000+ attendees; the India-based ASU+GSV & Emeritus Summit, now entering its third year; and The AI Show @ ASU+GSV, an immersive exploration of the AI Revolution in education, which welcomed 10,000+ attendees this year. GSV Ventures, GSV’s investment arm founded in 2015, is a multi-stage venture fund investing in the most transformational companies across the global “PreK to Gray” landscape.
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SOURCE Savvas Learning Company
Technology
Perspecta Announces Leadership Transition
Published
14 minutes agoon
January 14, 2025By
April Stiles Named Chief Executive Officer
LANGHORNE, Pa., Jan. 14, 2025 /PRNewswire/ — Perspecta, a leader in provider data management and healthcare technology solutions, announces the appointment of April Stiles as Chief Executive Officer, succeeding Howard Koenig. As co-founder of Perspecta, Stiles is currently serving as Chief Operating Officer and President of Group Health & Government and brings more than 25 years of experience in healthcare and workers’ compensation industries to her new role.
Stiles is recognized for her extensive expertise in operations, strategy, and client-focused solutions. Her deep understanding of health plans and the workers’ compensation landscape positions her to address complex industry challenges with precision and innovation. As CEO, Stiles will focus on enhancing Perspecta’s transformative solutions to drive operational excellence and deliver measurable value to its clients.
“April’s exceptional leadership, operational expertise, and commitment to clients made her the ideal choice to lead Perspecta into its next chapter,” said Will Smith, Board Chair. “Her proven ability to deliver results ensures Perspecta will continue to set the standard in provider data management.”
Throughout her career, Stiles has led initiatives that optimize operations, enhance product capabilities, and improve user outcomes. Her leadership at Perspecta has been instrumental in achieving the industry’s highest provider data accuracy rating—exceeding 95%—and delivering solutions that simplify provider directory management and improve access to care.
“I’m honored to lead Perspecta into its next phase of growth and innovation,” said Stiles. “As we look to the future, we will focus on delivering transformative solutions and exceptional experiences while setting new benchmarks in healthcare technology.”
Perspecta specializes in provider data management for health plans and workers’ compensation payers. Its solutions enhance operational efficiency, improve user experiences, and deliver significant ROI. By leveraging cutting-edge technology and deep domain expertise, Perspecta is redefining provider network management to meet the evolving needs of its clients.
About Perspecta
Perspecta is reimagining provider data management. Through deep domain expertise and a spirit of innovation, Perspecta accelerates the transformation of provider network management, delivering value to customers and the providers, consumers, and partners they serve. Perspecta’s provider data management solutions create a better user experience and significant return on investment for health plans, workers’ compensation, and provider organizations. With the industry’s highest accuracy rating of more than 95%, Perspecta is the leading choice for provider network data and directory management. Learn more at www.goperspecta.net.
About 5th Century Partners
5th Century Partners is a purpose-driven private investment firm that invests in lower-middle-market companies within healthcare and business services that have outsized growth potential. The firm provides capital, operating expertise and strategic relationships that lead to sustainable growth, which in turn allows partner companies to realize their full potential and deliver positive outcomes to their stakeholders. Learn more at www.5cpartners.com.
Media Contact
Linda Thurman
Linda.thurman@goperspecta.com
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