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North America Video Surveillance Systems Market Analysis

The North American video surveillance systems market is expected to grow with a CAGR of 14.8% during the forecast period 2022-2027. In North America, video surveillance systems are widely used in private-sector retail and commercial establishments, such as hotels, restaurants, and office complexes.

• The increasing adoption of facial surveillance is a major factor gaining traction in the market. Many US states like Chicago and Detroit have already adopted real-time facial surveillance systems. For instance, Detroit uses surveillance technology through its Project Greenlight, a program offering priority 911 service to local businesses that agree to install cameras accessible by the Detroit Police Department's real-time crime center. The city also has traffic cameras and uses ShotSpotter technology to detect and locate gunshots.
• Further, Canada's Edmonton Police Service (EPS) also uses a facial recognition solution to assist in criminal investigations. The EPS secured a contract with NEC Corporation of America for their NeoFace Reveal facial recognition solution, which has been used since 2022 to identify suspects in investigations.
• The region has also witnessed an increasing adoption of smart home security cameras. AI-based video analytics, especially in smart city applications, further enhances efficiencies, offering many non-security-related insights for businesses. For instance, in October 2021, AWS announced the general availability of the Panorama Appliance, which customers can install in their facilities to run applications that analyze multiple video streams from existing on-premises cameras.
• The Covid-19 pandemic has 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.
• With technological advances, most video surveillance devices, like IP security cameras, are connected to the internet. Thus, the risk of being hacked has increased, which acts as a market restraint.

North America 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 North America Video Surveillance Systems Market is Segmented By Component (Hardware, Software, Video as a Service), End-User (Commercial, Infrastructure, Institutional, Industrial, Defense, Residential), and By Country (the US and Canada).