Southeast Asia Video Surveillance Market (2023-2029) | Size, Share, Trend, Growth, Forecast, Revenue, Outlook & COVID-19 IMPACT

Southeast Asia Video Surveillance Market Synopsis

Southeast Asia Video Surveillance Market grew at a considerable rate in 2018-2019 owing to the rising infrastructure development and increasing crime rate. For instance, crime rate in Indonesia increased from 44.7 per 1000 population in 2018 to 45.8 in 2020. However, the COVID-19 pandemic has disrupted the overall economy in countries, leaving its negative imprint on the market growth due to the halt in construction activities and travel restriction imposed over the world during the year 2020. Moreover, the market recovered on account of government initiative to install security cameras with the provincial government of Phuket city, Thailand installing around 120 CCTV cameras, 37 license –plate capture system and 31 General surveillance CCTV systems in 2022.

According to 6Wresearch, Southeast Asia Video Surveillance Market revenue size is anticipated to grow at a CAGR of 12.2% during 2023-2029. With the upsurge in construction activities in different horizons owing to National Housing Policy 2018-2025 in Malaysia, upcoming 2,216 new and renovated hotel rooms in Singapore and others along with the huge influx of FDI in the retail and construction sectors would be the key catalyst for the overall growth of video surveillance solutions across the region. Moreover, upcoming mega infrastructure projects for instance AMSL – Delta Mas City Mall in Indonesia, Bien Hoa - Vung Tau Expressway in Vietnam, Changi Airport’s Terminal 5 in Singapore and more are expected to boost the market for video surveillance to monitor safety and curb violent crimes in public infrastructures. The rising tourism industry with expected 152 million international tourists in Southeast Asia by 2025 would increase the requirement for video surveillance in the coming years.

Market by Components

Southeast market for video surveillance based on components was dominated by the video surveillance camera, this is attributed to the government measures to actively involve in the deployment of video surveillance cameras as an effort to improve public safety and security. The same segment has more chances to grow more in the years to come.

Market by Camera Type

In 2022, IP/ Network Video Surveillance held the major share by camera type due to the capability of IP/ network video surveillance cameras to record encrypted and authenticated videos, making them more secure than analog cameras. The same segment is anticipated to dominate the Southeast Asia Video Surveillance Industry.

Market by Recorder Type

Shopping malls and hotels in Southeast Asia have been utilising NVR to increase security because of NVRs advanced capabilities such as remote access, high-capacity storage, and intelligent video analytics that enables better surveillance and incident management. NVRs are projected to hold major share by recorder type as NVRs frequently have integrated video analytics features like motion detection, facial recognition, and object tracking. These functions automate event identification and alerting, improving the effectiveness of video monitoring.

Market by Application

Government and transportation sector is expected to hold dominant share on backoff infrastructure development in the region, for instance Indonesia's Transportation Minister signed Kediri's first privately financed airport in 2022, worth $ 723.6 million (10.8 trillion rupiah). In Vietnam the government plans to work on high-speed rail from Ho Chi Minh City–C?n Th? worth $ 9.0 billion which is expected to complete by 2025, would further increase demand for the video surveillance.

Market by Countries

Indonesia acquired the majority of revenue share in 2022, owing to growing tourism sector which further boost the hospitality sector. For instance, it is projected that more than 50 luxury hotels are set to oaccount for the majority pen in next 5 years' time span. In Jakarta, three hotels with four stars or more are expected to open by 2026. In the city's central business sector, Hotel Okura of Japan intends to open a five-star hotel in 2025, these hotel chain expansions are likely to favour the video surveillance market in Southeast Asia.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Southeast Asia Video Surveillance Market Overview
• Southeast Asia Video Surveillance Market Outlook
• Southeast Asia Video Surveillance Market Forecast
• Historical Data and Forecast of Southeast Asia Video Surveillance Market Revenues & Volume for the Period 2019-2029F
• Historical Data and Forecast of Southeast Asia Video Surveillance Market Revenues & Volume, By Components, for the Period 2019-2029F
• Historical Data and Forecast of Southeast Asia Video Surveillance Camera Market Revenues & Volume, By Camera Type, for the Period 2019-2029F
• Historical Data and Forecast of Southeast Asia Video Surveillance Recorder Market Revenues & Volume, By Recorder Type, for the Period 2019-2029F
• Historical Data and Forecast of Southeast Asia Video Surveillance Market Revenues, By Application, for the Period 2019-2029F
• Market Drivers and Restraints
• Southeast Asia Video Surveillance Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Southeast Asia Video Surveillance Market Revenue Share, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

Thereportprovides a detailed analysis of the following market segments:

By Components

• Video Surveillance Cameras
• Video Surveillance Recorder
• Video Surveillance Software
• Video Surveillance Encoder

By Camera Type

• Network Video Surveillance Camera
• Analog Video Surveillance Camera

By Recorder Type

• Video Surveillance Network Video Recorder (NVR)
• Video Surveillance Digital Video Recorder (DVR)

By Application

• Banking & Financial
• Government & Transportation
• Retail & Logistics
• Commercial Offices
• Industrial & Manufacturing
• Residential
• Hospitality & Healthcare
• Educational Institutions

By Countries

• Thailand
• Malaysia
• Indonesia
• Vietnam
• Singapore
• Philippines
• Cambodia
• Myanmar