IP Camera Market Key Player By 2018: 2024 - Bosch Security Systems, Axis Communications, Sony Professional, Samsung Techwin, Dahua Technology

Internet of things has brought a revolution of sorts in the security & surveillance landscape globally. IP camera market, in this context, stands as a major beneficiary of this change. As per reliable estimates, in the year 2016, the global shipments for IP cameras surpassed 15 million units. Add to it, reliable sources affirm that in the year 2014, IP camera shipments in smart home exceeded 1.3 million units – data strongly attesting the role of IOT and connected infrastructure in the lucrative growth chart of IP camera industry.

Reportedly, the smart home segment is anticipated to depict synonymous demand for networked cameras in the ensuing years with an estimated shipment of more than 20 million units by 2019. Having said this, the growth prospects of IP camera market from residential applications is quite vividly huge. In fact, as per a report compiled by Global Market Insights, Inc. IP camera industry from residential applications is estimated to register a CAGR of 25% over 2017-2024, driven by applications including the likes of home surveillance systems, access control, remote monitoring, intelligent building control, and HVAC management.

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Elaborating further on the application portfolio of IP camera market, the domains spanning healthcare, retail, industrial, and real estate, transport, BFSI, and education have contributed immensely to the IP camera market proliferation. Backed by the falling price of these HD network cameras coupled the growing adoption of open standards, these high-resolution HD network cameras have phenomenally penetrated the commercial and governmental sectors. In response to these opportunistic waves, the competitive landscape of IP camera market is thriving with product innovations and developments, having pricing and technology upgradations as the center focus parameters. Not to mention, M&As and collaborative deals between security and technology players is emerging as a top-notch growth strategy, to sustain in this ferociously dynamic landscape.

Citing a recent instance, OmniVision Technologies, Inc, a U.S. based digital imaging developer in collaboration with VATICS Inc., a renowned player in Taiwan multimedia SoC solution market have partnered to bring a NIR or near infrared IP camera solution for indoor & outdoor surveillance systems. As reported by the company officials, the product stands different through its high responsiveness to NIR light, which reduces the need for augmented lighting – which not only proliferates the power consumption but also enhances the risks of exposing the hidden cameras. Speaking along similar lines, it is imperative to mention that Infrared cameras have stood as one of the major product segments of IP camera market and is expected to show significant growth trends in the coming years.

It is imperative to mention that all the major product developments canopied under IP camera industry are hinged on technology interventions. As per reliable estimates, the worldwide security technology and services market generated a revenue of more than USD 75 billion in 2016. Being on the forefront when it comes to technology appetite, the U.S. stood tall in the IP camera industry share battle with dominating share in 2016. In the year 2014, there were allegedly more than 125 surveillance cameras per thousand people in the U.S.

Pelco, a subsidiary of Schneider Electric, is one such name which has created a buzz in the IP camera industry and has undeniably contributed immensely to the U.S. IP camera landscape. The global surveillance solution leader recently announced its partnership with Ipsotek, UK headquartered video analytics leader, in a bid to bring strong solutions on board to combat security risks. For the records, Pelco plans to leverage Ipsotek’s specialization in detecting behaviors in the real-time videos, thereby delivering alerts to operators and reducing false alarms.

With the increasing deployment of big data and IoT and the consequent large pool of data, the quest for deriving actionable insights is expected to proliferate massively. Undoubtedly with ‘smart’ trends penetrating both the government and private sectors, the advancements and security risks go hand in hand, in terms of growth. Amidst this scenario, analysts quote the IP camera market trends to be substantially profitable in the coming years, with a pool of demand from a varied range of sectors. Backed by this drive toward real-time IP/network solutions, the global IP camera industry is slated to register a CAGR of 20% over 2017-2024. For the records, the market stood at an appreciable revenue of USD 5 billion in 2016.

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Report Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definition and forecast parameters

1.1.4.1. Definition

1.1.4.2. Methodology, assumption & forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. IP camera industry 360 synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Product trends

2.1.4. Connection trends

2.1.5. Application trends

Chapter 3. IP Camera Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.2.1. Video surveillance landscape

3.2.1.1. Video surveillance market size & forecast, 2013 – 2024

3.2.2. Security system landscape

3.2.2.1. CCTV

3.2.2.2. IP

3.2.2.2.1. Average lifespan of IP camera

3.2.2.3. Types of security cameras

3.2.2.3.1. Dummy

3.2.2.3.2. Dome

3.2.2.3.3. Hidden

3.2.2.3.4. Bullet

3.2.2.3.5. Box

3.2.2.4. Factor affection cost of security cameras

3.2.2.5. Global security camera market & forecast, 2013 – 2024 (Installed base)

3.2.2.5.1. North America

3.2.2.5.2. Europe

3.2.2.5.3. Asia Pacific

3.2.2.5.4. Latin America

3.2.2.5.5. MEA

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Contract Manufacturers

3.3.3. OEMs

3.3.4. Distributors

3.3.5. Resellers & system integrators

3.3.6. End-use landscape

3.3.7. Vendor matrix

3.4. Technology landscape

3.4.1. Evolution of IP cameras

3.4.1.1. Technology aspect breakdown

3.4.2. IoT

3.4.3. Artificial intelligence

3.4.4. Video analytics

3.4.5. Deep learning technology

3.5. Price trend analysis, 2013 – 2024

3.5.1. Regional

3.5.1.1. North America

3.5.1.2. Europe

3.5.1.3. Asia Pacific

3.5.1.4. Latin America

3.5.1.5. MEA

3.5.2. Product

3.5.2.1. Fixed

3.5.2.2. PTZ

3.5.2.3. IR

3.6. Cost structure analysis

3.6.1. Camera

3.6.2. Software & other equipment

3.6.3. Installation

3.7. Regulatory landscape

3.7.1. North America

3.7.2. Europe

3.7.3. Asia Pacific

3.7.4. Latin America

3.7.5. MEA

3.8. Industry impact forces

3.8.1. Growth drivers

3.8.1.1. Rising security threats in the U.S.

3.8.1.2. Evolution of manufacturing practices in the UK

3.8.1.3. Favourable infrastructure trends in Asia Pacific

3.8.1.4. Shift in demand from analog to IP cameras in the GCC and Brazil

3.8.1.5. Declining prices of security cameras in Taiwan and China

3.8.1.6. Increasing adoption of commercial security in Middle East

3.8.2. Industry pitfalls and challenges

3.9. Growth potential analysis

3.9.1. Business model

3.10. Porter’s analysis

3.10.1. Threat of new entrants

3.10.2. Buyer’s power

3.10.3. Threat of substitutes

3.10.4. Threat of suppliers

3.10.5. Industry rivalry

3.11. Competitive landscape, 2016

3.11.1. Company market share

3.12. PESTEL analysis

About Global Market Insights

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