Hardware, software, and services make up the three market segments. By 2027, the hardware industry is anticipated to have the biggest percent market share. Due to the fact that hardware makes up more than 60% of the total cost of a video surveillance system, the hardware segment has a sizable market. A rise in the number of cameras being used globally is partly a result of growing security concerns in many industries. A variety of hardware-based developments have arisen that enhance security, object tracking, and low-light performance as the industry transitions to IP cameras. Technology advancements have produced highly sophisticated surveillance cameras that can be set up to zoom-in scan objects, including dangerous machinery.
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