Global CCTV Market Size, Share, and COVID-19 Impact Analysis, By Camera Type (Analogue Camera, Internet Protocol (IP) Camera [Wired & Wireless]), By Technology (CMOS Technology, CCD Technology), By End User (Educational Centers, Hospitals, Hotels, Real Estates, Religious Places, Government, Retail, IT Sector, Transport Sector), By Sales Channel (Online Channel, Offline Channel), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Industry: Electronics, ICT & Media


Global CCTV Market Insights Forecasts to 2033

  • The Global CCTV Market Size was Valued at USD 18.35 Billion in 2023
  • The Market Size is Growing at a CAGR of 13.5% from 2023 to 2033
  • The Worldwide CCTV Market Size is Expected to Reach USD 65.11 Billion by 2033
  • North America is Expected to Grow the fastest during the forecast period

Global CCTV Market

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The Global CCTV Market Size is Anticipated to Exceed USD 65.11 Billion by 2033, Growing at a CAGR of 13.5% from 2023 to 2033.


Market Overview

Closed circuit television (CCTV) systems, also known as video surveillance, are primarily used for monitoring and security purposes. "Closed-circuit" refers to broadcasts that are typically transmitted to a limited (closed) number of monitors, as opposed to "regular" television, which is broadcast to the general public. The digital video recording system is integrated with CCTV cameras to store data. CCTV cameras are used for a variety of purposes, including monitoring activities, collecting evidence, and recording. Furthermore, they contribute to lowering the crime rate. Several types of CCTV cameras are available in the global market, including IP cameras and motion detector cameras that detect movement and provide additional features such as audio recording with video, among others. The digital CCTV camera system provides clear colored images and comes in a variety of shapes and sizes, making installation simple. Rising government initiatives to improve security will open up vast opportunities for market growth. These initiatives have also helped to increase CCTV camera sales in a number of countries.


Report Coverage

This research report categorizes the market for the global CCTV market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global CCTV market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global CCTV market.


Global CCTV Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 18.35 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :13.5%
2033 Value Projection:USD 65.11 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Camera Type, By Technology, By End User, By Sales Channel, By Region
Companies covered::Hikvision Digital Technology, Honeywell Security, Bosch Security System, Safran Security, Dahua Technology, AssaAbloy, Tyco Security Products, Flir Systems, Samsung, Axis Communications, Panasonic Corporation, Sony electronics, ADT LLC, Guardian Protection Services, Mobotix AG, and Others Key Vendors
Pitfalls & Challenges:Covid-19 Empact, Challenges, Growth, Analysis.

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Driving Factors

CCTV cameras are widely used globally to protect residential and commercial spaces. It uses advanced technologies like infrared, AI, and deep learning to provide additional security for public and residential spaces. Rising robbery rates in residential and commercial areas, as well as increased consumer awareness of surveillance cameras, all contribute to market growth. The increasing use of cameras in residential and commercial spaces to reduce crime and protect assets is propelling market growth. The number of surveillance cameras is rapidly increasing around the world as governments seek to control their populations. Millions of vigilance systems are being installed in cities across all continents. According to the PreciseSecurity Report, over 1 billion cameras have been installed worldwide, with China having approximately 200 million surveillance systems installed throughout the country. Also, the United States and Germany have approximately 50 million and 5.2 million surveillance systems installed, respectively.


Restraining Factors

Growing privacy concerns about protecting video data from hackers and theft are expected to stifle product adoption. There is a high risk of video data being misused in public cloud camera recorders, and increasing data breaches prevent organizations from storing video footage. Networked video surveillance systems are more vulnerable to cyberattacks, and hackers launch Distributed Denial of Service (DDoS) attacks against specific systems. Furthermore, the high manufacturing costs associated with advanced technology-based systems limit market growth.


Market Segmentation

The global CCTV market share is classified into camera type, technology, end user and channel.

  • The internet protocol (IP) camera segment is expected to hold the largest revenue share of the global CCTV market over the forecast period.   

Based on the camera type, the global CCTV market is categorized into analogue camera and internet protocol (IP) camera (wired & wireless). Among these, the internet protocol (IP) camera segment is dominating the market with the largest revenue share of the global CCTV market over the forecast period. Internet Protocol (IP) cameras are a popular and rapidly growing type of CCTV technology on the market. These cameras use digital technology to send video and audio via an IP network, such as the internet or a local area network (LAN). This enables remote monitoring and control of the cameras, as well as the ability to save and access recorded footage from anywhere with an internet connection.


  • The CMOS technology segment is witnessing significant CAGR growth of the global CCTV market over the forecast period.   

Based on the technology, the global CCTV market is categorized into CMOS technology and CCD technology. Among these, the CMOS technology segment is witnessing significant CAGR growth of the global CCTV market over the forecast period. CMOS technology is a type of image sensor found in CCTV cameras. It is a popular choice in the CCTV market due to its lower cost and higher energy efficiency compared to CCD (Charge-Coupled Device) technology. Furthermore, CMOS sensors can perform on-chip signal processing, which improves image quality while lowering costs. Overall, the use of CMOS technology in CCTV cameras is increasing due to its low cost and superior performance.


  • The religious places segment is expected to hold a substantial revenue growth in the global CCTV market over the forecast period.   

Based on the end user, the global CCTV market is categorized into educational centers, hospitals, hotels, real estates, religious places, government, retail, IT sector, and transport sector. Among these, the religious places segment is dominating the market with the largest revenue share of the global CCTV market over the forecast period. These locations frequently receive a large number of visitors and require surveillance to ensure the safety and security of both the visitors and the property. CCTV cameras can help prevent crime and provide evidence in the event of an incident. They can also be used to monitor visitor behavior, such as to control crowds or prevent vandalism. According to the MRFR, the reasons listed above will contribute to the segment's growth over the forecast period.


  • The offline channel segment is expected to hold a substantial revenue growth in the global CCTV market over the forecast period.   

Based on the sales channel, the global CCTV market is categorized into online channel and offline channel. Among these, the offline channel segment is dominating the market with the largest revenue share of the global CCTV market over the forecast period. An offline channel in the CCTV market is a traditional brick-and-mortar retail store or physical location where customers can buy CCTV systems and equipment. These stores typically have a sales staff on hand to answer questions and assist customers in selecting the best CCTV system for their requirements. The CCTV market's offline channels include electronics stores, security equipment supply stores, and specialty CCTV stores. According to MRFR analysis, the retail segment will experience significant growth during the forecast period.


Regional Segment Analysis of the Global CCTV Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)


Asia Pacific is anticipated to hold the largest share of the global CCTV market over the predicted timeframe.

Asia Pacific

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Asia Pacific is projected to hold the largest share of the global CCTV market over the forecast period. Due to increased government initiatives and investment in smart city projects. According to the World Construction Report, investments in smart city projects involving advanced technologies in China reached approximately USD 30 billion in 2021 and are expected to reach USD 38.92 billion by 2035. Rising investment in smart cities has created a huge demand for the product, which is used to protect government assets. According to a UN estimate, China will have 54% of the world's cameras by 2021, equivalent to approximately 540 million surveillance systems. China has around 1.46 billion people and approximately 372.8 cameras per 1,000 people.


The North America market is expected to grow at the fastest CAGR growth during the forecast period, this is due to increased demand from public places and ongoing infrastructure development projects. Furthermore, rising cases of burglaries and thefts in the United States and Canada are expected to drive market expansion. According to the United States Federal Government, approximately 91,628 burglary cases were reported in 2021, with the majority occurring in North Carolina, Washington, Colorado, and Ohio.


Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global CCTV market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.


List of Key Companies

  • Hikvision Digital Technology
  • Honeywell Security
  • Bosch Security System
  • Safran Security
  • Dahua Technology
  • AssaAbloy
  • Tyco Security Products
  • Flir Systems
  • Samsung
  • Axis Communications
  • Panasonic Corporation
  • Sony electronics
  • Guardian Protection Services
  • Mobotix AG
  • Others


Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)


Recent Developments

  • In September 2022, Airtel has launched the 'Xsafe' end-to-end home surveillance solution. The company has launched this system in 40 Indian cities, including Chennai, Mumbai, Delhi, Kolkata, Bengaluru, and others. Airtel, an Indian telecommunications company, offers three types of surveillance systems.


  • In September 2022, Honeywell Security Group launched IP vigilance systems with ONVIF integration to record videos using new technologies. This was created to meet the security needs of customers while also integrating MAXPRO NVRs.


  • In July 2022, Hikvision introduced DeepinView bullet-style network cameras with TandemVu technology, which extends the technology to bullet-style cameras. Furthermore, TandemVu-enabled bullet cameras can monitor large scenes and details simultaneously, improving situational awareness and security capabilities.


Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global CCTV market based on the below-mentioned segments: 


Global CCTV Market, By Camera Type

  • Analogue Camera
  • Internet Protocol (IP) Camera [Wired & Wireless]


Global CCTV Market, By Technology

  • CMOS Technology
  • CCD Technology


Global CCTV Market, By End User

  • Educational Centers
  • Hospitals
  • Hotels
  • Real Estates
  • Religious Places
  • Government
  • Retail
  • IT Sector
  • Transport Sector


Global CCTV Market, By Sales Channel

  • Online Channel
  • Offline Channel


Global CCTV Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa


Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the global CCTV market over the forecast period?
    The global CCTV market is projected to expand at a CAGR of 13.5% during the forecast period.
  • 2. What is the projected market size & growth rate of the global CCTV market?
    The global CCTV market was valued at USD 18.35 Billion in 2023 and is projected to reach USD 65.11 Billion by 2033, growing at a CAGR of 13.5% from 2023 to 2033.
  • 3. Which region is expected to hold the highest share in the global CCTV market?
    The Asia Pacific region is expected to hold the highest share of the global CCTV market.

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