Network Camera Market Projections by 2027: Industry Trends, Future of Network Cameras
Network camera referred to as the IP camera in the video surveillance system, captures data and shares it over the internet. The network cameras unlike the analog closed-circuit television (CCTV) do not have a local recording device but uses a local area network to send it in the secondary storage. The network cameras have the property to be directly accessed by the network and are mostly used for the purpose of surveillance for residential, commercial and industrial applications.
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There has been increase in malicious and terrorist activities by the felons in public places due to which the governments worldwide has deployed the network cameras. Its better safety features than the normal closed-circuit television (CCTV) instigates the adoption of Network Cameras. The network cameras are difficult to hack because of the central networking, which is upgraded with more secure and advanced software to protect from the malicious activities. These factor of the network camera system make it preferable for end users to setup this system, which is expected to contribute to the network camera market growth.
The network camera market is expected to grow with the advancing technologies like Internet of Things (IoT) has enabled the video surveillance mobile display devices connected through the network. This would promote the usage of network cameras across industries because of the access they would provide to the surveillance team and also safety of the network connecting the video cameras. The disruptive technologies such as artificial intelligence (AI) would increase the opportunities of network cameras. These will also increase the use cases of network camera in the robotics which ease of operation in manufacturing industries.
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In addition, network cameras also provide higher resolution at wider angles due to which the inspection could be done efficiently. The increased competition in the surveillance market has forced down the prices of the network cameras. Thus, adding to the growth of the market for these video cameras connected through a network. The shift in technologies of cameras and its features due to the demand for more critical monitoring which restricts the medium and small-scale industries in investing on the R&D which acts as a restraining factor for network cameras market.
The growth in industrial and manufacturing sector in the developed nations and developing nations with their rising economies has also been demanding advanced surveillance system. Thus, the network camera industry is expected to witness significant growth in the U.S., Germany, UK, and China.
The market of the network cameras is segmented on the basis of connection into centralized and decentralized. On the basis of product, the market is categorized into Fixed, PTZ and Infrared. On the basis of industrial vertical, it is classified into transportation, public sector, manufacturing, retail, IT & Telecom, energy & utilities, media and entertainment, BFSI, healthcare, and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
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The major companies profiled in the network camera market report include Tyco International PLC, Arecont Vision, Cisco Systems, Inc., FLIR Systems, Sony Corporation, Panasonic Corporation, Axis Communications AB, Bosch GmbH, and Hangzhou Hikvision Digital Technology Co., Ltd.
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