whitepaper
  • Welcome!
  • About Volve Vision
    • The ideological basis
    • Challenges, solutions, objectives, and mission
    • About the Volve Vision eco-system
    • The role of the community in the development of the Volve Vision ecosystem
  • Markets
    • State and dynamics of the market
    • Volve Vision's expansion and market position
  • Technologies
    • A fusion of classical and web-3 technologies
    • A solution for everyone
    • Solutions for business
  • Financial component
    • Economic architecture of the ecosystem
    • What is interesting to investors?
    • What is interesting for users?
    • Basic functionality, plans, prices
  • Other
    • Marketing strategy
    • Social load
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  1. Markets

State and dynamics of the market

PreviousThe role of the community in the development of the Volve Vision ecosystemNextVolve Vision's expansion and market position

Last updated 1 month ago

The study of the VolveVision ecosystem within its market niche is highly specific, as the model combines video surveillance and video streaming while integrating WEB3 technologies. Therefore, numerous factors must be taken into account, which will be discussed further.

Did you know that, according to the Security Solutions Market report by Markets and Markets, the global security systems market is valued at $354.7 billion in 2024 and is projected to reach $502.1 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%?

The Asmag resource, which publishes the annual Security 50 report—a ranking of security system companies—has highlighted that the top 10 companies dominate 85% of the market. Moreover, all of these top 10 companies specialize in hardware solutions rather than software.

Market shares of the top 10 companies:

At the same time, the remaining 15% of the market is distributed among a large number of companies that focus on software solutions, innovation, and video streaming technologies.

According to Asmag analysts, citing research from IPVM Favorite Camera Manufacturers 2024 and the previously mentioned Security Solutions Market report, the market has developed a clear imbalance. While hardware technology development stagnated between 2023 and 2024, software solutions experienced rapid growth.

The key driver of the global video surveillance market’s growth, as identified by Asmag, includes rapid technological advancements such as artificial intelligence (AI) and the Internet of Things (IoT). The integration of biometrics, video analytics, and cloud solutions significantly expands the capabilities available to end users.

It is evident that the projected market growth will be primarily driven by companies focusing on software innovation. VolveVision is targeting this niche by implementing video analytics, AI, decentralized video storage and processing, and blockchain technologies.

Additionally, a proper market analysis must include the video streaming and live broadcasting sector, as VolveVision aims to position itself as a key player in this industry.

The global video streaming and live broadcasting market is valued at $8.7 billion, with a CAGR of 10.4%. A significant portion of this market is occupied by specialized services, which are direct competitors to VolveVision. Specifically, the top 10 specialized services identified by our analysts hold a market share of $537 million, reaching an audience of 88 million unique users.

In turn, such traffic allows these companies to generate an estimated annual revenue of over $45 million.

In conclusion, the key drivers of further development in the industry are:

  • Rapid technological progress: The advancement of IoT, machine learning, and edge computing enables companies to quickly adapt their solutions to market changes.

  • Growing demand for integrated solutions: Companies that combine hardware and software solutions can provide comprehensive security and a high level of service.

  • Adaptation to new business models: The use of Web3 and blockchain technologies not only enhances security but also creates new opportunities for monetization and data management.

Thanks to its innovation-driven strategy and integration of cutting-edge technologies, VolveVision has a strong potential to become a key player in both the security systems sector and the streaming video market. The focus on software solutions is especially crucial, allowing for seamless adaptation to the rapidly evolving technological landscape.

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