Thailand Video Surveillance Market Size, Share, Rising Trends, Key Manufactures and Future Opportunities 2033: SPER Market Research

Using video cameras and other equipment to watch, record, and evaluate activity in specific areas is known as video surveillance. The most popular uses of video surveillance are in safety and security. Nevertheless, the uses of video surveillance cameras are not limited to safety and security. These include personnel counts, managing parking and traffic, streamlining and overseeing procedures, and much more. These advantages have made video monitoring a necessary component of daily living. Plans for urban management and planning are supported. It increases the efficiency of corporate and public sector operations. maintains compliance with health and safety. Then, these gadgets are input onto a recorder server, which is also known as a recorder, network video recorder, or DVR (digital video recorder).

According to SPER Market Research, 'Thailand Video Surveillance Market Size- By Components, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' states that the Thailand Video Surveillance market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.

A few reasons that have contributed to the overall growth of the video surveillance system market in Thailand include the expected growth of the building industry, upcoming completion of new hotels and shopping centres, and the country's accelerating rate of urbanization. The need for more video surveillance equipment in Thailand's smart cities, coupled with expanding infrastructure projects like the Maptaphut Seaport, U-Tapao International Airport, New Motor Way Construction, and New Metro line projects, will fuel the expansion of the country's video surveillance market. The shift to IP surveillance technology is also driving demand and the expansion of Thailand's tourism, hospitality, and commercial sectors. These factors will raise the country's need for video surveillance, particularly in Bangkok, Pattaya, and Phuket.

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Changes in government regulations and reductions in import duties have resulted in lower video surveillance system pricing, leading to an increase in the deployment of video surveillance cameras in the country. Ensuring compliance with data privacy laws and regulations is a serious task. Respondents also mentioned a lack of cyber security awareness and obstacles for the video surveillance business, as well as weak cyber security practices, in the face of increasing volumes and sophistication of cyber-attacks on physical security systems. Concerns have been raised about the use of deepfake images to change videos and undermine their trustworthiness.

Thailand's video surveillance market declined in 2020 due to various government restrictions that caused a halt in the construction sector as the pandemic negatively impacted the country's construction companies due to factors such as project delays, labour shortages, supply chain delays, and increased material costs. On the other hand, the epidemic has also highlighted the importance of safety and security measures in a variety of industries, including public areas, commercial organizations, healthcare institutions, and transportation hubs. Due to increased demand, video surveillance systems have been installed to verify compliance with health standards, track crowd density, and enforce social distance protocols.

Bangkok has been the dominating region in Thailand's video surveillance business. This is mainly due to the significant concentration of urban infrastructure projects, business establishments, and the tourism industry in Bangkok.

Top Video Surveillance Companies in Thailand