Video surveillance market share worldwide 2018 and 2023, by application

In 2023, of the applications that make up the global video surveillance market, the commercial segment is expected to account for a 36.84 percent share, whilst infrastructure applications are projected to make up 36.54 percent of the global market.

Residential Applications

Smart home refers to a house in which interconnected devices and home appliances are performing certain actions in order to save money, time, and energy. Security and control systems have been among the most popular smart home devices over the last few years. A smart home can integrate the security alarm into a complex system in which other actions are performed, such as blocking exits or providing access to surveillance footage via the internet.

Technology Adoption

Technology plays a major role in enhancing security and surveillance capabilities by offering many increasingly technical solutions for video surveillance. Included in this is the adoption of artificial intelligence (AI) technology, hardware or software that can replicate "human" behaviors such as learning and problem solving. In the AI surveillance space, technologies and solutions involved include smart city or safe city platforms, and facial recognition systems.