Guarding Our World: The Video Surveillance Industry
The video surveillance market is expected to reach $48.1904 billion in 2023 and $18.2877 billion in 2033. From 2023 to 2033, the video surveillance market is expected to grow at a CAGR of 8.4%. The video surveillance market is a fast-growing industry that uses cameras, software, and other technologies to monitor and record video footage for a variety of purposes including security, safety, and surveillance. The global video security market has witnessed significant growth in recent years owing to increasing concerns about security and safety, technological advancements, and increasing demand for video security in various applications such as commercial, residential, industrial and public sectors.
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Global Market Study on Video Surveillance: Demand Surging with Artificial Intelligence Enhancing Surveillance Technology
The video surveillance market is estimated to grow US$ 48,190.4 Mn in 2023 and is projected to reach US$ 108,287.7 Mn by 2033. The market for video surveillance is predicted to grow at a CAGR of 8.4% from 2023 to 2033.
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