IP Camera Market Growth by Key Players: Avigilon, Axis Communications, Belkin International, Bosch Security and Safety Systems, Dahua Technology Co. LTD, Hikvision, Honeywell, NETGEAR, Panasonic, Samsung Electronics, Sony Electronics, Toshiba

The IP camera market has been segmented by product into Fixed, PTZ and Infrared systems. Compact design, electronic PTZ functions, built in IR sensors, and environmentally resistant structures are trends driving adoption of IP cameras over their analog counterparts. Deployment of a particular type of camera system depends upon the application need, lens type, lighting, cabling systems, power requirements and required resolution.

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Centralized connectivity in the IP camera market offer basic analytics, video encoding and event triggering functions. Processing functions are carried by the central computer that runs on licensed software. Such solutions are primarily useful for the institutional setting and places where there is a dedicated central monitoring system. However, decentralized connectivity solutions do not require dedicated software and can run individually with built in storage, with the segment expected to grow at a CAGR of over 20%. Decentralized IP cameras are more expensive than centralized solutions, however offer higher flexibility in terms of operation and storage.

China IP camera market is expected to witness sharp growth due to the presence of a large number of market players offering low cost solutions in the region. Favorable government initiatives on city surveillance, smart city development and penetration of IoT devices are also expected to fuel the demand. Features such as remote monitoring, live video feed on the mobile, single Power over Ethernet (PoE) connectivity, HD resolution and mobile access are driving demand for such solutions in residential applications. Ease of access, remote operation, scalability and flexibility to add more components are some of the key benefits of IP cameras solutions. 4K video surveillance, HD and megapixel cameras are gaining increased penetration across industry verticals.

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 Apexis, Arecont Vision, Avigilon, Axis Communications, Belkin, Bosch Security Systems, Dahua Technology, D-Link, GeoVision, Hikvision, Honeywell, Juanvision, March Networks, Mobotix, NetGear, Panasonic, Pelco by Schneider Electric, Samsung, Sony, Toshiba, Tyco International, VideoIQ, Vivotek, Wanscam

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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