Asia-Pacific Video Surveillance Systems Market Size (2024 - 2029)

Asia-Pacific Video Surveillance Systems Market Analysis

The Asia-Pacific Video Surveillance Systems Market is expected to grow at a CAGR of 15.4% during the forecast period (2022-2027). The Asia Pacific has emerged as one of the most significant markets in terms of video surveillance adoption, driven by heavy investments in infrastructure and smart city projects in different countries in the region.

• This region is witnessing the rising adoption of IP surveillance systems by governments of many APAC countries to prevent crimes in those regions. For instance, in August 2021, Singapore announced that it aims to have more than 200,000 police cameras by 2030, which is over double the current number of cameras deployed across the country, as they have proven useful in deterring crimes and locating missing persons.
• AI-based surveillance techniques are gaining traction in the region, with many governments in the Asia Pacific region procuring advanced analytic systems, facial recognition cameras, and sophisticated monitoring capabilities. The use of AI in video surveillance can provide significant benefits in detecting unusual incidents and generating alerts.
• Further, the usage of surveillance technology has become more prevalent in the pandemic era. Many countries in the Asia Pacific region have deployed mass surveillance tools like drones or closed-circuit television (CCTV) cameras for contact tracing, monitoring of quarantined individuals, and managing the overall transmission of COVID-19.
• Due to the COVID-19 pandemic, many end-use verticals deploying video surveillance systems have been affected by this crisis. As such, the market in 2020 experienced a decline 2019. Market players have witnessed supply chain disruptions for video surveillance equipment across both demand and supply sides.
• With advances in technology, most video surveillance devices, like IP security cameras, are connected to the internet and are thus at the risk of being hacked, which acts as a market restraint.

Asia-Pacific Video Surveillance Systems Industry Segmentation

A video surveillance system is a network of cameras, display units, and recorders used to monitor people, facilities, or places from a distance. Video surveillance is a useful and economical method to ensure the security of people, buildings, and valuables.

The Asia-Pacific Video Surveillance Systems Market is Segmented by Component (Hardware, Software, Video as a Service), by End-User (Commercial, Industrial, Residential, Government), and by Country (China, India, Japan, South Korea, Rest of Asia Pacific). All market estimates presented in the report are the most recent findings and estimates of the market and are adjusted as per COVID-19 impact on the market studied.