Press release
Future Growth of IP Camera Market 2024 Global Analysis By Key Players - Panasonic Security System, Hikvision Digital Technology, Sony Professional, Samsung Techwin, Bosch Security Systems, Axis Communications, Dahua Technology
IP Camera Market, Global IP Camera Market Size, IP Camera Industry, IP Camera Market Trends, IP Camera Market Share
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. IP Camera Market is set to exceed USD 20 billion by 2024; according to a new research report. The shipments are poised to grow at over 25% CAGR from 2017 to 2024.
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The global IP camera market is marked by trends such as need for high resolution, government investments to improve security infrastructure, reduction in total cost of ownership, and rise in demand from non-security applications such as smart home devices. The growing demand for these systems in non-security applications such as integration with access control systems in smart home automation, e-Point of Sale (POS) terminals, Automatic Number-Plate Recognition (ANPR) are poised to offer additional opportunities for the network camera market. 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.
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.
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.
Growth drivers
• Rising security threats in the U.S.
• Evolution of manufacturing practices in the UK
• Favourable infrastructure trends in Asia Pacific
• Shift in demand from analog to IP cameras in the GCC and Brazil
• Declining prices of security cameras in Taiwan and China
• Increasing adoption of commercial security in Middle East
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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.
Key players in the IP camera market include Axis Communications, Bosch Security Systems, Samsung Techwin, Sony Professional, Hikvision Digital Technology, Dahua Technology and Panasonic Security System. Vendors are investing in R&D to develop new technologies that make the solution versatile for diverse applications and environmental conditions. Moreover, they focused on developing technologically advanced solutions to expand industry scope.
For instance, in 2016, Axis Communications unveiled their laser focus technology for PTZ cameras that enhances image quality in any lighting conditions. Ensuring a large network of technology partners and professional integrators helps spread the word among end users and encourage benefits of migrating to IP.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. IP Camera Industry Insights
Chapter 4. IP Camera Market, By Product (Revenue, Shipment)
Chapter 5. IP Camera Market, By Connection (Revenue)
Chapter 6. IP Camera Market, By Application (Revenue, Shipment)
Chapter 7. IP Camera Market, By Region
Chapter 8. IP Camera Market Company Profiles
Related Reports: -
World IP Camera Market Research Report 2022(Covering USA, EU, China, South East Asia, India, Japan and etc)
IP Camera market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
https://www.marketstudyreport.com/reports/world-ip-camera-market-research-report-2022-covering-usa-eu-china-south-east-asia-india-japan-and-etc/?utm_source=RR-SP
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