Vietnam video surveillance market report Size, Share, Growth Drivers, Trends, Opportunities & Forecast 2025–2030
Description
Vietnam Video Surveillance Market Overview
The Vietnam Video Surveillance Market is valued at USD 1.2 billion, based on a five-year historical analysis. This growth is primarily driven by increasing urbanization, rising security concerns, and advancements in technology, leading to a higher demand for surveillance systems across various sectors. Notable drivers include the adoption of AI-enabled and IP-based surveillance, integration with smart city infrastructure, and the expansion of public safety initiatives, which are accelerating the deployment of advanced video surveillance solutions nationwide .
Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their rapid urban development, high population density, and significant investments in infrastructure. These urban centers are also witnessing a surge in commercial activities, necessitating enhanced security measures. The integration of surveillance systems into smart city projects and public transportation hubs further strengthens the market presence in these metropolitan areas .
In 2023, the Vietnamese government implemented Decree No. 10/2023/ND-CP issued by the Government of Vietnam, which mandates the installation of surveillance camera systems in public spaces, transportation vehicles, and critical infrastructure. This regulation requires real-time image transmission and storage, with compliance enforced for operators of public transport, urban infrastructure, and certain public venues, aiming to bolster public safety and crime prevention nationwide .
Vietnam Video Surveillance Market Segmentation
By Type:
The market can be segmented into various types of video surveillance equipment, including Analog Cameras, IP Cameras, PTZ Cameras, Thermal Cameras, Dome Cameras, Bullet Cameras, Video Management Software, Access Control Systems, Intrusion Detection Systems, and Others. Each type serves distinct purposes and caters to different consumer needs. The market is witnessing a shift from traditional analog systems to IP-based and AI-integrated solutions, with IP cameras and advanced analytics gaining substantial traction among commercial and government users .
By End-User:
The end-user segmentation includes Residential, Commercial, Industrial, Government & Utilities, BFSI, Transportation, and Others. Each segment has unique requirements and applications for video surveillance systems, influencing purchasing decisions and market dynamics. The commercial and government sectors are leading adopters, driven by regulatory compliance, urban safety initiatives, and the need for real-time monitoring in high-traffic environments .
Vietnam Video Surveillance Market Competitive Landscape
The Vietnam Video Surveillance Market is characterized by a dynamic mix of regional and international players. Leading participants such as Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Hanwha Vision Co., Ltd., Panasonic Corporation, FLIR Systems, Inc., Honeywell International Inc., Avigilon Corporation (Motorola Solutions), CP Plus International, Uniview Technologies Co., Ltd., ZKTeco Co., Ltd., Vivotek Inc., Geute
ück GmbH, Milestone Systems A/S, FPT Telecom (Vietnam), Bkav Corporation (Vietnam), Nam Long Telecom (Vietnam) contribute to innovation, geographic expansion, and service delivery in this space.
Hikvision Digital Technology Co., Ltd.
2001
Hangzhou, China
Dahua Technology Co., Ltd.
2001
Hangzhou, China
Axis Communications AB
1984
Lund, Sweden
Bosch Security Systems
1886
Gerlingen, Germany
Hanwha Vision Co., Ltd.
1977
Seongnam, South Korea
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate (Vietnam Market)
Market Penetration Rate (Vietnam)
Installed Base (Number of Cameras/Systems Deployed)
Channel Partner Network Size
Product Portfolio
eadth (Number of Product Types)
Vietnam Video Surveillance Market Industry Analysis
Growth Drivers
Increasing Urbanization:
Vietnam's urban population is projected to reach approximately 41% in future, up from about 37% previously, according to the World Bank. This ongoing urbanization drives demand for video surveillance systems to enhance security in densely populated areas. Infrastructure development, including new residential and commercial projects, is expected to increase the installation of surveillance systems, with an estimated growth in urban infrastructure spending, reaching approximately $30 billion in future.
Rising Security Concerns:
Vietnam has experienced a 10% increase in reported crime rates from the previous year, as per the Ministry of Public Security. This rise in crime has heightened public demand for effective surveillance solutions. The government has allocated $1.5 billion for security enhancements in urban areas, emphasizing the need for advanced surveillance systems to deter crime and ensure public safety, thus driving market growth.
Government Initiatives:
The Vietnamese government has committed $2 billion to smart city projects in future, focusing on integrating technology into urban management. These initiatives include the deployment of video surveillance systems to monitor public spaces and improve safety. The push for smart cities is expected to create a robust market for surveillance technology, with an anticipated increase in system installations by 20% annually as cities modernize.
Market Challenges
High Initial Investment Costs:
The average cost of installing a comprehensive video surveillance system in Vietnam can exceed $50,000 for medium-sized enterprises. This high initial investment poses a significant barrier for many businesses, particularly small and medium-sized enterprises (SMEs) that may lack the capital to invest in advanced security solutions. As a result, many potential customers may delay or forgo necessary upgrades, hindering market growth.
Data Privacy Issues:
Vietnam's evolving regulatory landscape poses challenges for video surveillance providers. The implementation of data protection laws in future requires companies to ensure compliance with stringent privacy regulations. Non-compliance can result in fines up to $100,000, creating apprehension among businesses regarding the adoption of surveillance technologies. This uncertainty may slow down market penetration as companies navigate the complexities of regulatory compliance.
Vietnam Video Surveillance Market Future Outlook
The Vietnam video surveillance market is poised for significant transformation as urbanization and security concerns continue to escalate. In future, advancements in technology, particularly in AI and IoT integration, will enhance surveillance capabilities, making systems more efficient and user-friendly. Additionally, the government's commitment to smart city initiatives will further drive the adoption of sophisticated surveillance solutions. As businesses and municipalities prioritize safety, the market is expected to witness increased investments in innovative surveillance technologies, fostering a more secure environment.
Market Opportunities
Expansion of E-commerce:
The e-commerce sector in Vietnam is projected to reach $35 billion in future, creating a demand for enhanced security measures in retail environments. This growth presents an opportunity for video surveillance providers to offer tailored solutions that protect assets and ensure customer safety, thereby capitalizing on the booming online shopping trend.
Cloud-Based Solutions:
The increasing demand for cloud-based surveillance systems is evident, with a projected market growth of 25% in future. Businesses are seeking scalable and cost-effective solutions that offer remote access and data storage. This trend presents a significant opportunity for providers to innovate and deliver cloud-integrated surveillance technologies that meet evolving customer needs.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Vietnam Video Surveillance Market is valued at USD 1.2 billion, based on a five-year historical analysis. This growth is primarily driven by increasing urbanization, rising security concerns, and advancements in technology, leading to a higher demand for surveillance systems across various sectors. Notable drivers include the adoption of AI-enabled and IP-based surveillance, integration with smart city infrastructure, and the expansion of public safety initiatives, which are accelerating the deployment of advanced video surveillance solutions nationwide .
Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their rapid urban development, high population density, and significant investments in infrastructure. These urban centers are also witnessing a surge in commercial activities, necessitating enhanced security measures. The integration of surveillance systems into smart city projects and public transportation hubs further strengthens the market presence in these metropolitan areas .
In 2023, the Vietnamese government implemented Decree No. 10/2023/ND-CP issued by the Government of Vietnam, which mandates the installation of surveillance camera systems in public spaces, transportation vehicles, and critical infrastructure. This regulation requires real-time image transmission and storage, with compliance enforced for operators of public transport, urban infrastructure, and certain public venues, aiming to bolster public safety and crime prevention nationwide .
Vietnam Video Surveillance Market Segmentation
By Type:
The market can be segmented into various types of video surveillance equipment, including Analog Cameras, IP Cameras, PTZ Cameras, Thermal Cameras, Dome Cameras, Bullet Cameras, Video Management Software, Access Control Systems, Intrusion Detection Systems, and Others. Each type serves distinct purposes and caters to different consumer needs. The market is witnessing a shift from traditional analog systems to IP-based and AI-integrated solutions, with IP cameras and advanced analytics gaining substantial traction among commercial and government users .
By End-User:
The end-user segmentation includes Residential, Commercial, Industrial, Government & Utilities, BFSI, Transportation, and Others. Each segment has unique requirements and applications for video surveillance systems, influencing purchasing decisions and market dynamics. The commercial and government sectors are leading adopters, driven by regulatory compliance, urban safety initiatives, and the need for real-time monitoring in high-traffic environments .
Vietnam Video Surveillance Market Competitive Landscape
The Vietnam Video Surveillance Market is characterized by a dynamic mix of regional and international players. Leading participants such as Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Hanwha Vision Co., Ltd., Panasonic Corporation, FLIR Systems, Inc., Honeywell International Inc., Avigilon Corporation (Motorola Solutions), CP Plus International, Uniview Technologies Co., Ltd., ZKTeco Co., Ltd., Vivotek Inc., Geute
ück GmbH, Milestone Systems A/S, FPT Telecom (Vietnam), Bkav Corporation (Vietnam), Nam Long Telecom (Vietnam) contribute to innovation, geographic expansion, and service delivery in this space.
Hikvision Digital Technology Co., Ltd.
2001
Hangzhou, China
Dahua Technology Co., Ltd.
2001
Hangzhou, China
Axis Communications AB
1984
Lund, Sweden
Bosch Security Systems
1886
Gerlingen, Germany
Hanwha Vision Co., Ltd.
1977
Seongnam, South Korea
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate (Vietnam Market)
Market Penetration Rate (Vietnam)
Installed Base (Number of Cameras/Systems Deployed)
Channel Partner Network Size
Product Portfolio
eadth (Number of Product Types)
Vietnam Video Surveillance Market Industry Analysis
Growth Drivers
Increasing Urbanization:
Vietnam's urban population is projected to reach approximately 41% in future, up from about 37% previously, according to the World Bank. This ongoing urbanization drives demand for video surveillance systems to enhance security in densely populated areas. Infrastructure development, including new residential and commercial projects, is expected to increase the installation of surveillance systems, with an estimated growth in urban infrastructure spending, reaching approximately $30 billion in future.
Rising Security Concerns:
Vietnam has experienced a 10% increase in reported crime rates from the previous year, as per the Ministry of Public Security. This rise in crime has heightened public demand for effective surveillance solutions. The government has allocated $1.5 billion for security enhancements in urban areas, emphasizing the need for advanced surveillance systems to deter crime and ensure public safety, thus driving market growth.
Government Initiatives:
The Vietnamese government has committed $2 billion to smart city projects in future, focusing on integrating technology into urban management. These initiatives include the deployment of video surveillance systems to monitor public spaces and improve safety. The push for smart cities is expected to create a robust market for surveillance technology, with an anticipated increase in system installations by 20% annually as cities modernize.
Market Challenges
High Initial Investment Costs:
The average cost of installing a comprehensive video surveillance system in Vietnam can exceed $50,000 for medium-sized enterprises. This high initial investment poses a significant barrier for many businesses, particularly small and medium-sized enterprises (SMEs) that may lack the capital to invest in advanced security solutions. As a result, many potential customers may delay or forgo necessary upgrades, hindering market growth.
Data Privacy Issues:
Vietnam's evolving regulatory landscape poses challenges for video surveillance providers. The implementation of data protection laws in future requires companies to ensure compliance with stringent privacy regulations. Non-compliance can result in fines up to $100,000, creating apprehension among businesses regarding the adoption of surveillance technologies. This uncertainty may slow down market penetration as companies navigate the complexities of regulatory compliance.
Vietnam Video Surveillance Market Future Outlook
The Vietnam video surveillance market is poised for significant transformation as urbanization and security concerns continue to escalate. In future, advancements in technology, particularly in AI and IoT integration, will enhance surveillance capabilities, making systems more efficient and user-friendly. Additionally, the government's commitment to smart city initiatives will further drive the adoption of sophisticated surveillance solutions. As businesses and municipalities prioritize safety, the market is expected to witness increased investments in innovative surveillance technologies, fostering a more secure environment.
Market Opportunities
Expansion of E-commerce:
The e-commerce sector in Vietnam is projected to reach $35 billion in future, creating a demand for enhanced security measures in retail environments. This growth presents an opportunity for video surveillance providers to offer tailored solutions that protect assets and ensure customer safety, thereby capitalizing on the booming online shopping trend.
Cloud-Based Solutions:
The increasing demand for cloud-based surveillance systems is evident, with a projected market growth of 25% in future. Businesses are seeking scalable and cost-effective solutions that offer remote access and data storage. This trend presents a significant opportunity for providers to innovate and deliver cloud-integrated surveillance technologies that meet evolving customer needs.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
91 Pages
- 1. Vietnam video surveillance Size, Share, Growth Drivers, Trends, Opportunities & – Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. Vietnam video surveillance Size, Share, Growth Drivers, Trends, Opportunities & – Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. Vietnam video surveillance Size, Share, Growth Drivers, Trends, Opportunities & – Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing urbanization and infrastructure development
- 3.1.2. Rising security concerns and crime rates
- 3.1.3. Government initiatives for smart city projects
- 3.1.4. Technological advancements in surveillance systems
- 3.2. Restraints
- 3.2.1. High initial investment costs
- 3.2.2. Data privacy and regulatory compliance issues
- 3.2.3. Limited awareness and expertise among end-users
- 3.2.4. Competition from low-cost alternatives
- 3.3. Opportunities
- 3.3.1. Expansion of e-commerce and retail sectors
- 3.3.2. Integration of AI and IoT in surveillance solutions
- 3.3.3. Growing demand for cloud-based surveillance systems
- 3.3.4. Partnerships with local governments for public safety
- 3.4. Trends
- 3.4.1. Shift towards IP-based surveillance systems
- 3.4.2. Increasing adoption of mobile surveillance solutions
- 3.4.3. Focus on cybersecurity in surveillance technology
- 3.4.4. Rise of video analytics for enhanced security
- 3.5. Government Regulation
- 3.5.1. Implementation of data protection laws
- 3.5.2. Regulations on surveillance equipment imports
- 3.5.3. Standards for installation and maintenance of systems
- 3.5.4. Guidelines for public surveillance usage
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. Vietnam video surveillance Size, Share, Growth Drivers, Trends, Opportunities & – Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Analog Cameras
- 4.1.2. IP Cameras
- 4.1.3. PTZ Cameras
- 4.1.4. Thermal Cameras
- 4.1.5. Others
- 4.2. By End-User (in Value %)
- 4.2.1. Residential
- 4.2.2. Commercial
- 4.2.3. Industrial
- 4.2.4. Government & Utilities
- 4.2.5. Others
- 4.3. By Application (in Value %)
- 4.3.1. Public Safety
- 4.3.2. Traffic Monitoring
- 4.3.3. Retail Security
- 4.3.4. Infrastructure Protection
- 4.4. By Distribution Channel (in Value %)
- 4.4.1. Direct Sales
- 4.4.2. Online Retail
- 4.4.3. Distributors
- 4.4.4. System Integrators
- 4.5. By Region (in Value %)
- 4.5.1. Northern Vietnam
- 4.5.2. Central Vietnam
- 4.5.3. Southern Vietnam
- 4.5.4. Others
- 5. Vietnam video surveillance Size, Share, Growth Drivers, Trends, Opportunities & – Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. Hikvision Digital Technology Co., Ltd.
- 5.1.2. Dahua Technology Co., Ltd.
- 5.1.3. Axis Communications AB
- 5.1.4. Bosch Security Systems
- 5.1.5. Hanwha Vision Co., Ltd.
- 5.2. Cross Comparison Parameters
- 5.2.1. Revenue Growth Rate (Vietnam Market)
- 5.2.2. Market Penetration Rate (Vietnam)
- 5.2.3. Installed Base (Number of Cameras/Systems Deployed)
- 5.2.4. Channel Partner Network Size
- 5.2.5. Customer Satisfaction Score (Vietnam)
- 6. Vietnam video surveillance Size, Share, Growth Drivers, Trends, Opportunities & – Market Regulatory Framework
- 6.1. Compliance Requirements and Audits
- 6.2. Certification Processes
- 7. Vietnam video surveillance Size, Share, Growth Drivers, Trends, Opportunities & – Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. Vietnam video surveillance Size, Share, Growth Drivers, Trends, Opportunities & – Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By End-User (in Value %)
- 8.3. By Application (in Value %)
- 8.4. By Distribution Channel (in Value %)
- 8.5. By Region (in Value %)
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