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Video Surveillance Market worth $88.71 billion by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Nov. 6, 2024 /PRNewswire/ — The Video surveillance market is expected to be valued at USD 54.42 billion in 2024 and is projected to reach USD 88.71 billion by 2030, growing at a CAGR of 8.5% during the forecast period according to a new report by MarketsandMarkets™. Additions to existing applications in various industries and technological advancements in video surveillance product offerings are key factors driving the expansion of the video surveillance market. Restraints such as privacy concerns and bandwidth and storage issues hinder market growth. However, factors such as expansion in emerging markets and the emergence of smart cities provide lucrative opportunities for market players in the coming years.

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Browse in-depth TOC on “Video Surveillance Market” 
330 – Tables
70 – Figures
330 – Pages

Video Surveillance Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 54.42 billion

Estimated Value by 2030

$ 88.71 billion

Growth Rate

Poised to grow at a CAGR of 8.5%

Market Size Available for

2020–2030

Forecast Period

2024–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, System, Vertical and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Cybersecurity risks

Key Market Opportunities

Emergence of AI and ML-powered video analytics

Key Market Drivers

Increasing use of edge AI

Hardware by offering to witness the highest market share during the forecast period

Cameras, monitors, and storage devices hold the maximum share in the market of the video surveillance market.  Demand for security across various verticals is acting as driver for the market. High-resolution IP cameras and thermal cameras are gaining wider acceptance because they allow better image clarity under low-light conditions. In addition, the advanced features of modern cameras, such as AI-enabled facial recognition, motion detection, and real-time analytics, further go to enhance them, which are also necessary for the new surveillance system. Even the monitors and storage solutions are significant because the requirement for large-scale monitoring and long-term data retention builds up with the increased deployment of surveillance systems in smart cities and different critical infrastructures. Additionally, it is widely seen that the software capabilities are often accompanied by hardware updates to maintain the evolution of software capabilities and increasing payloads for data processing, where the dominance of hardware continues to prevail. A notable addition includes the steady increase in the need for cameras and associated hardware in the consumer and enterprise markets with the trend toward IoT and smart home solutions. With mushrooming surveillance needs worldwide, hardware will continue to be an important investment in the effective management of security.

Video surveillance market for IP video surveillance systems by system to hold the highest market share during the forecast period

IP video surveillance systems are likely to maintain the highest market share in the video surveillance market due to several key factors. The technology provides superior image quality and better flexibility, and scalability compared to traditional analog systems. As the dimensions of high-resolution video and unhindered system scalability are gaining traction amongst businesses and governments, this makes IP cameras very prone to adoption while giving them the room to integrate with complex software solutions like video analytics, facial recognition, and AI-based monitoring. In addition, the rising demand for smart city projects and infrastructure programs globally is also pushing the need for effective and scalable surveillance solutions that IP systems can easily deliver. The system also facilitates remote monitoring from geographically dispersed sites through cloud-based platforms, thus making it a product in huge demand for large installations spread across diverse locations, further propelling the demand among enterprises as well as among urban centers. Moreover, continuous shifts toward wireless connectivity and gradually decreasing costs of IP cameras are making them increasingly available to small and medium businesses. The upsurge in security fears about theft, terrorism, and public safety is yet another factor paving the way for new generations of security solutions, of which IP video surveillance stands out in terms of flexibility and integration into modern IT infrastructure. All these tendencies point to the expected dominating positions of the IP systems in the market. 

Infrastructure by vertical in the video surveillance market to exhibit the highest CAGR during the forecast period

Governments and private sectors have identified the security of vital infrastructure, such as airports, railways, highways, energy facilities, and public space, to be of paramount importance. All these institutions pose a great threat to vandalism, terrorism, and also unauthorized access, hence the quest for advanced surveillance systems. Urbanization and smart city initiatives all amount to requiring monitored solutions that ensure not only public safety but also a smooth management of traffic in the infrastructure expansion. Video surveillance systems with AI and analytics capabilities allow real-time monitoring, threat detection, and automated alerts-all of which are critical in securing an expanding urban space. The increased demand for robust security solutions that are secure and protected infrastructure is compelling industries worldwide to go for these strong security solutions. Advanced technologies in facial recognition, thermal imaging, and cloud-based surveillance systems accelerate the process, further increasing the efficiency and scalability of video surveillance systems. The huge growth in the video surveillance market will be driven by the dependency of the sector on such sophisticated solutions to prevent potential threats against their infrastructures.

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Based on region video surveillance market for Asia Pacific is expected to hold the highest CAGR during the forecast period

Asia Pacific is expected to dominate the video surveillance industry as urbanization and infrastructure in the region are rapidly expanding. The vast growth of smart city projects and public transport systems, as well as development in industrial zones in countries like China, India, and Japan, is definitely contributing to this emerging demand for video surveillance solutions. The increasing crime rate is also a driver for the market. The increasingly popular technologies in the Asia Pacific, including AI-based video analytics and cloud-based surveillance, are also supported by favorable policies and government initiatives. The importance is that security cameras and video surveillance systems from China occupy a significant share in the production and deployment of security cameras and video surveillance systems globally, and this significantly contributes to Asia’s overall domination in this field. Further, the increase in smart home security and demand for surveillance in the commercial sector, including retail, banking, and manufacturing, is fueling market growth further. Altogether, these factors make Asia Pacific a key region for video surveillance solutions.

Key Players

The video surveillance companies includes major Tier I and II players like Hangzhou Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd (China), Honeywell International Inc. (US), Motorola Solutions, Inc. (US), Bosch Sicherheitssysteme GmbH (Germany) and others. These players have a strong market presence in advanced packaging across various countries in North America, Europe, Asia Pacific, and the Rest of the World (RoW).

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Arjo and Bruin Biometrics conclude distribution agreement, Bruin Biometrics resumes direct sales and marketing of Provizio® SEM Scanner

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LOS ANGELES and LONDON, Nov. 6, 2024 /PRNewswire/ — Today Bruin Biometrics and Arjo announce the immediate transition of direct sales and marketing of the Provizio® SEM Scanner to Bruin Biometrics, following four years of cooperation between the companies.

As communicated earlier this year, the companies decided not to extend the distribution agreement for the Provizio SEM Scanner. Accordingly, and effective today, all sales and marketing of the Provizio SEM Scanner products transition from Arjo to Bruin Biometrics. Both companies remain fully committed to supporting customers throughout the process to ensure a continued high level of customer service.

“Supporting Provizio SEM Scanner users’ work to achieve a zero incidence of preventable pressure injuries in all care settings is our top priority and we look forward to supporting Provizio SEM Scanner users directly to help overcome this challenge,” commented Bruin Biometrics’ CEO, Martin Burns.

“Pressure injuries represent a significant economic challenge for healthcare systems worldwide, and Arjo has extensive experience in both prevention and treatment within this area. We see a growing interest for our other solutions and are fully committed to continue supporting our customers in their efforts to prevent pressure injuries,” says Joacim Lindoff, President & CEO of Arjo.

For more information about Bruin Biometrics, please contact:
Kate Hancock, EVP External Communications, Bruin Biometrics Tel: +447827315347
Email: khancock@bruinbiometrics.com

Media contact details:
Joanna Dodd, Alicia Barkle Rochester PR Group: joanna.dodd@rochesterprgroup.com, alicia.barkle@rochesterprgroup.com 

ABOUT Bruin Biometrics

Bruin Biometrics LLC is a pioneer in modernizing healthcare with biometric sensor technology for early detection and monitoring of chronic, preventable conditions in collaboration with clinicians. Bruin Biometrics work on SEM Assessment Technology has been recognized with multiple global healthcare innovation awards and is implemented in healthcare facilities across a variety of care settings. Bruin Biometrics HQ is based in Los Angeles, USA.

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Opus IVS and Protech Automotive Solutions Announce Collaboration on Industry-Leading ADAS Identification Solution

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DEXTER, Mich., Nov. 6, 2024 /PRNewswire/ — Opus IVS, a global leader in intelligent vehicle support solutions, is pleased to announce a new partnership with Protech Automotive Solutions, the largest national provider of Advanced Driver-Assistance System (ADAS) diagnostic scanning and calibration services, which will enhance Opus IVS’s ADAS MAP (Advanced Driver Assistance Systems Mapping) solution. This collaboration will deliver extensive ADAS identification capabilities, combining the advanced ADAS technologies of both companies – with Opus IVS licensing Protech’s ADAS ID3 technology to bring new innovations to the industry-leading ADAS MAP platform.

The Opus IVS and Protech partnership will create a seamless ADAS identification solution that enables technicians to quickly and accurately identify ADAS systems, empowering repair shops to make well- informed repair and calibration decisions. With Protech Automotive Solutions, the nation’s largest car- side provider, this partnership will offer an enhanced solution to power leading U.S. multi-shop operators (MSOs). Additionally, Opus IVS recently announced that major insurers now recognize ADAS MAP’s accuracy, which leads to increased reimbursement for repair shops and adds significant value for the industry.

“This collaboration between Opus IVS and Protech represents a breakthrough in delivering accessible ADAS insights,” said Brian Herron, CEO of Opus IVS. “By joining forces, we’re building a more powerful ADAS solution for collision shops, allowing them to serve their customers with the highest levels of accuracy and safety.”

Grant LaBarbera, GM and Senior Vice President of Protech, added, “We’re excited to partner with Opus IVS to enhance the industry’s capabilities in ADAS identification. This collaboration brings together the best of both companies’ innovations and will improve the way repair shops approach ADAS, driving greater accuracy, quality and consistency across the industry.”

About Opus IVS
Opus IVS provides diagnostic and programming support to over 50,000 workshops globally. With a suite of solutions for complex repairs and ADAS management, Opus IVS empowers shops to deliver accurate repairs using advanced technology, OE support, and live technician guidance.

About Protech Automotive Solutions
With the largest national footprint of Advanced Driver-Assistance System (ADAS) diagnostic scanning and calibration services, Protech Automotive Solutions is the leading provider of advanced diagnostics, calibrations and ADAS solutions for collision repair shops. Protech is committed to vehicle safety through innovative, reliable ADAS technology and offers expertise that helps automotive service providers keep their customers safe. More than 1,200 Protech technicians, across 41 states and growing, are expertly trained to scan, calibrate and diagnose vehicles during collision, auto glass and mechanical repairs, ensuring that complex systems like ADAS are restored to their proper function.

For more information, please visit www.protechautomotivesolutions.com.

For more information:
Justin Baronoff
Merit Mile
561-362-8888 – office
407-340-2247 – mobile
jbaronoff@meritmile.com

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SOURCE Opus IVS

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Retail Fluent Media Network Announces Strategic Partnership with Save A Lot’s Independent Retail Partners

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Nearly 900 Stores to Utilize RFMN’s Dynamic, Ultra-Bright Digital Window Signs™ for Advertising; Number of Screens Projected to Double by End of Q4, 2024

LITTLE FALLS, N.J., Nov. 6, 2024 /PRNewswire-PRWeb/ — Retail Fluent Media Network (RFMN), a top retail media and ad tech company that caters to independent grocers, mid- to large-scale chain supermarkets, and convenience stores, has revealed a new strategic partnership with Save a Lot’s independent Retail Partners. This partnership includes Save a Lot’s 750 independently owned and operated stores located across 32 states in the United States.

Through this partnership, Save a Lot’s independent Retail Partners will have the opportunity to utilize Digital Window Signs™ to promote weekly sales programs, special events, promotional items, and more. RFMN has already installed 400 digital screens in almost 100 Save a Lot stores, with plans to double the number of active Digital Window Signs™ by Q1, 2025.

“We’re thrilled to partner with Save a Lot’s independent Retail Partners to bring the power of our dynamic Digital Window Signs™ and an industry-leading ad tech platform to their extensive network of stores across the United States,” stated Joni Elmore, Chief Commercial Officer at Retail Fluent Media Network “This collaboration empowers local grocers to enhance their in-store advertising with real-time promotions and elevate engagement with customers and CPG partners. We look forward to giving more stores the opportunity to differentiate themselves in their market with stunning visuals.”

In addition to next-level digital signage, Retail Fluent Media Network provides end-to-end services for Save a Lot’s independent Retail Partners. RFMN manages the content shared by the Save a Lot, working with its vast network of artists and graphic designers, and launching dynamic advertisements through its proprietary ad tech platform to align with each location’s sales and promotions schedule. This allows Save a Lot’s independent Retail Partners to focus on business operations and meeting customer needs.

Retail Fluent Media Network has recently announced its spinoff from Retail Fluent, a prominent retail innovation, design, and décor firm. This decision was made in response to the high demand and growth of the company. RFMN currently owns and operates almost 5,000 Digital Window Signs™ in 28 states, with plans to more than double this number by the end of 2025.

About Retail Fluent Media Network:

Retail Fluent Media Network is a leading retail media and ad tech company for independent grocers, mid- to large-scale chain supermarkets and convenience stores. The company’s digital out-of-home (DOOH) model utilizes ultra-bright LCD and LED screens proven to attract attention to static or video advertisements. Beneficial for both grocers and CPG brands, RFMN’s expanding network already delivers over 50 million impressions weekly and over 200 million monthly to its advertising partners. To partner, advertise, or learn more, visit https://www.retailfluentmedia.com.

Media Contact

Javian Pereira, Fastlane Communications, 1 9736683003, javian@fastlane.co

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SOURCE Retail Fluent Media Network

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