Smart city surveillance to hit over 27 billion Euros by 2028

Gothenburg, Sweden

A newly published market report on Smart Cities: Connected Public Spaces – 3rd Edition from Berg Insight analyses the latest developments on the global smart cities market. 

The report divides the market into various aspects of the smart cities marketplace including, smart street lighting, smart parking, smart waste collection, air quality monitoring and smart city surveillance markets. Here we focus in on a summary of the findings for the smart parking and smart city surveillance sectors.

Smart parking

Smart parking solutions based on connected parking occupancy detection sensors offer the possibility to provide real-time visibility of parking availability anywhere in a city. According to Berg Insight, the dominant sensor types for such applications are in-ground and surface-mount sensors, collectively referred to as ground parking sensors.

In 2023, there were 1.3 million smart ground parking sensors installed globally (excluding China). The analysts project that the number will grow to 3.2 million units by 2028. the findings suggest that Europe accounted for around 49 percent of the installed sensors while the North American and Rest of World regions represented around 259,000 and 410,000 devices respectively. At the end of 2023, the leading vendors in the market were found to be Frogparking, Civicsmart and Urbiotica.

Smart city surveillance

Smart city surveillance refers to the use of networked security technology to improve safety levels in urban areas. The market is dominated by fixed network surveillance infrastructure, but applications such as body-worn cameras and gunshot detection sensors have also emerged as important complements for city surveillance operations.

The smart city surveillance equipment market was in 2023, according to Berg's research, worth € 12.5 billion, with Asia-Pacific and in particular China accounting for the majority. The analysts estimate that this market will grow at a CAGR of 16.8 percent to reach € 27.3 billion by 2028.

Leading video surveillance vendors include the Chinese vendors Hikvision and Dahua Technology as well as Swedish Axis Communications, while the leading providers of urban gunshot detection and BWCs are Soundthinking and Axon respectively.


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