Why the IP Camera Market Is Set to Explode? | Global Players are Avigilon, Axis Communications, Belkin International, Bosch Security and Safety Systems, Hikvision, March Networks, MOBOTIX AG, NETGEAR, Panasonic, Toshiba, Samsung Electronics

IP camera market is expected to witness an appreciable growth rate from the residential sector. Continuous innovations in these products along the lines of facial recognition, intrusion alert, motion, and object detection will drive IP camera market size from smart home applications. Indeed, the smart home industry has been advancing at a phenomenal rate, bringing about a plethora of avenues for IP camera industry players.

It is pivotal for prospective stakeholders to take note of the fact that IP camera industry has garnered immense traction owing to the product's image resolution. Incidentally, even the lowest resolution IP camera provides four times better resolution than analogue cameras. On these grounds, the casino industry has been adopting these products on a large scale to read facial cues and eliminate the incidences of cheating. Crimes related to gambling and the like now stand a better chance of being resolved as faces and license plate images are much better captured using IP cameras.

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Standing vigil for distant vehicles, buildings or persons is an application field reigned supreme by infrared cameras. With 24/7 observation option in hostile ambience, infrared camera detects, recognizes and tracks suspicious persons or vehicles close to a border line. Also, these cameras tend to provide site protection amid global threat level against infrastructure facilities, further enhancing IP camera industry trends. As such, governments in country such as Singapore are contemplating installation of more secured cameras which will potentially cater to 10,000 Housing and Development Board (HDB) blocks and multi-stored carparks.

Emerging economies such as India and China have expanded their CCTV network footprint. For instance, Government of India (GoI) in October 2018 announced its plans to widen its CCTV network by adding 5,000 cameras to the existing network in Mumbai.

In this context, it wouldn't be incorrect to quote that APAC IP camera market outlook is likely to witness a major transformation, with a high anticipated growth rate through 2025.

Amid the popularity of infrared cameras, adoption of PTZ cameras has increased by leaps and bounds in recent years. As PTZ cameras provide 360-degree visibility & security for large facilities, their adoption for outdoor applications, including parking lots, garages, airports, garages, namely, has increased in recent years.

The key players covered in IP Camera Market study: -
1. Arecont Vision
2. Avigilon
3. Axis Communications
4. Belkin International
5. Bosch Security and Safety Systems
6. Dahua Technology Co. LTD
7. D-Link
8. GeoVision
9. Hikvision
10. March Networks
11. MOBOTIX AG
12. NETGEAR
13. Panasonic
14. Pelco by Schneider Electric
15. Toshiba
16. Tyco

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Manufacturers are contemplating offering infrared technology in PTZ cameras for improving the image quality in disparate light conditions. Notably, Axis Communication AB--a subsidiary of Canon, Inc.--announced the roll out of Axis Q6215-LE PTZ Network camera with built-in IR illumination to address the escalating demand for heavy-duty solutions.

PTZ cameras are steadily gaining ground in the IP camera market, for they have high-quality and tamper resistant image production and covers a wide area.

Robust digitization and rapid industrialization are said to be catalysts for the North America IP camera market size expansion. In 2018, North America held 35 percent of IP camera market share as expansion of large enterprises and many SMEs took center stage. Besides, retail giants such as Kroger Company, Walmart have expanded their footprints in the region.

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