Europe Video Surveillance Systems Market Size (2024 - 2029)

Europe Video Surveillance Market Analysis

The European video surveillance systems market is expected to register a CAGR of around 15.5% during the forecast period (2022-2027). Europe is one of the leading markets exhibiting an increased adoption of video surveillance systems due to the growing security concerns. The market is primarily driven by rising IT spending, increasing security spending, and government initiatives toward developing advanced security systems in the region.

• Video security surveillance systems are widely used in European public and private venues. Most EU institutions and bodies have video surveillance in operation on their premises, including small executive agencies with only a few CCTV cameras and EU institutions and bodies with seats in the many Member States operating several hundreds of cameras.
• Additionally, the growth in public and private infrastructure, expansion in the construction market, the opening of new hotels and shopping malls, and the flourishing tourism industry are some of the key factors that would propel the demand for video surveillance systems in Europe during the forecast period.
• Various companies are launching new security services to cater to the significant segment across Europe. For instance, in July 2021, Bosch Security and Safety Systems, based in Germany, announced the launch of its new FLEXIDOME panoramic 5100i camera range. This new product includes indoor and outdoor IR models offering 6- or 12-megapixel resolution with a stereographic fish-eye lens. Moreover, the cameras also feature a built-in microphone array.
• 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.
• The Covid-19 pandemic led to lockdown protocols that closed the opportunity for home security breaches as people were confined in their homes, negatively impacting video surveillance systems' demand. However, the rates have picked up again, with restrictions easing up.

Europe Video Surveillance 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 Europe Video Surveillance Systems Market has been segmented based on the component (Hardware, Software, Video as a Service), by End-User (Commercial, Infrastructure, Institutional, Industrial, Defense, Residential), and by Country (United Kingdom, Germany, France, Italy, Rest of Europe).