The global video surveillance market size was estimated at USD 56.90 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.4% from 2023 to 2030.
Since the beginning year value based on the available data is USD 56.90 and CAGR of 12.4%.
We can predict the market size for the subsequent years by Reverse Compound Annual Growth Rate (RCAGR) calculation.
The linear regression formula that relates year and market size is:
Market size in USD Bn = 10.91Year + (- 22001.81)
For each additional year, the market size increases by approximately 10.91 billion USD
Market size in USD Bn x(t) = 10.91Year + (- 22001.81)
Price of the product = m
Cost of development = c
Profit = y
Financial equation:
y = m*x(t)-c