Report: Total Video Surveillance Market Jumps to $21 Billion in 2021
The global video surveillance market revenues are set to reach $24 billion by the end of 2021 according to Omdia’s latest Video Surveillance and Analytics Intelligence Database.
This marks a quick recovery for the video surveillance market as demand that was suppressed in 2020 will return and revenues will be bolstered by projects that were postponed in 2020 due to COVID getting the greenlight in 2021. Omdia forecasts that total video surveillance market revenues will grow to $31.9 billion by 2025 with a total CAGR of 7.1% between 2020-2025.
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