Global IP Camera Market Exploring Future Growth and Trends by 2024 | Arecont Vision, Avigilon, Axis Communications, Belkin International, Bosch Security and Safety Systems, Dahua Technology Co. LTD, Hikvision, March Networks, MOBOTIX AG, NETGEAR, Pelco by
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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.
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.
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Key players in the IP camera market include Arecont Vision, Avigilon, Axis Communications, Belkin International, Bosch Security and Safety Systems, Dahua Technology Co. LTD, D-Link, GeoVision, Hikvision, March Networks, MOBOTIX AG, NETGEAR, Panasonic, Pelco by Schneider Electric, Sony Professional, Toshiba, Tyco. Vendors are investing in R&D to develop new technologies that make the solution versatile for diverse applications and environmental conditions.
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