According to SDM’s 2024 Industry Forecast, a whopping 93 percent of security professionals consider the state of the video surveillance market to be very good or excellent, while only 7 percent express it be poor or fair. Overall, video sector sentiments have stayed consistently strong, with the same percentage of security professionals reporting the market was good to excellent last year.

The year-over-year optimism is reflected in the healthy sector revenues reported by survey respondents. For example, 71 percent expect revenue from video surveillance systems (on-premise and cloud-based) to increase in 2024.