Many governments across the world are ramping up their security measures to protect critical infrastructure from perimeter intrusion attacks. Future Market Insights says CCTV-based video surveillance systems are in great demand to protect critical assets within these infrastructures. Solutions such as IP CCTV cameras, thermal imaging cameras and AI-enabled video analytical solutions are increasingly being adopted to ensure robust video surveillance, contributing to market growth. The research company predicts the global CCTV camera market will exhibit a CAGR of 6 percent during the forecast period of 2019-2029.

As global economies are currently facing a critical crisis situation due to the COVID-19 pandemic outbreak, this, in turn, is impacting the supply chain and logistic operations of various video surveillance system manufacturers. Over the past five years, the market for CCTV cameras has grown by almost 6 percent globally. In 2019, total value of the global CCTV camera market is estimated to be nearly $9 billion. Due to the coronavirus outbreak, Future Market Insights says the need for video surveillance has grown further in Q1, which would continue in Q2 as the demand for public video surveillance would grow significantly for security monitoring amidst lockdowns.