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IP Camera Market Growth by Key Players: Bosch Security Systems, Dahua Technology, Hikvision Digital Technology, Panasonic Security System, Samsung Techwin, Shenzhen Smarteye Digital Electronics Co., Ltd., Axis Communications, Sony Professional
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Moreover, other factors such as improved sensor availability, new video analytics capabilities, wider adoption of thermal imaging, mobile access, intelligent building control, 360-degree vision and de-warping are contributing immensely towards penetration of the network camera market.
These systems have direct connectivity to the internet, therefore, concern among the public regarding data security and privacy could negatively impact IP camera market growth. In addition, these surveillance market solutions are not only expensive, but also pose risk of being vulnerable to destruction and vandalism, thereby hindering growth in developing regions.
Technological proliferation, ubiquity of internet connectivity and the demand for remote monitoring are expected to drive IP camera market growth over the forecast period. Advancement in technology such as 4K resolution, edge-based video analytics and penetration of H.265 high-efficiency video encoding is also poised to stimulate demand. The growing number of players in the network camera market and availability of low-cost manufacturing has been fueling the growth across the globe. Global terrorist attacks in recent years have highlighted the need for governments to pay more attention to public security. In addition, the dropping IP camera market price trend, has helped shorten the gap with analog systems.
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Commercial IP camera market is expected to gain momentum over the forecast time span owing to growing applications in industries, retail stores, and healthcare & educational institutions. Commercial buildings are becoming equipped with Wi-Fi networks, which makes it easier to install these devices for enhanced security. Penetration of technologies, such as cloud back-up and artificial intelligence, is expected to increase the adoption of network camera market across commercial applications.
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Key vendors in the IP camera market include Bosch Security Systems, Dahua Technology, Hikvision Digital Technology, Panasonic Security System, Samsung Techwin, Shenzhen Smarteye Digital Electronics Co., Ltd., Axis Communications, and Sony Professional. The players are investing in research and development to enhance the features in these devices to increase the applicability and end-consumer appeal. For instance, in 2012, Shenzhen Smarteye Digital Electronics Co., Ltd. built cloud servers in the EU, the U.S., Hong Kong, and Singapore to form cloud IP camera series.
Market share calculation in this report is not done based on companies covered in it. The calculation of IP Camera Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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https://www.marketwatch.com/press-release/by-2024-atm-market-to-reach-25-billion-2018-09-19
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