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360-degree Panoramic Camera Market Opportunity and Forecast,2021-2028

06-30-2021 02:28 PM CET | IT, New Media & Software

Press release from: Allied Market Research

360-degree Panoramic Camera Market Opportunity

Panoramic cameras provide wide-area coverage with just a single camera. It is used to monitor activities and detect incidents in large areas, track the flow of people, improve area management, and have multiple image sensors. 360-degree panoramic camera is ideal for indoor and outdoor surveillance applications. These cameras are ideally suited for various applications, such as video surveillance at airport terminals and railway & metro stations, city surveillance installations such as monitoring public squares, security for critical infrastructure and industrial sites, video surveillance of university campuses & school halls, and shopping mall security both indoors & outdoor including the car parking.

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The market growth of 360-degree panoramic camera is driven by high demand for cost-effective camera to serve growth in advanced photography market, increase in digital photography market, and rise in demand for safety & security measures in public as well as the corporate places. Panoramic camera also provides a wide area coverage.
However, higher cost and more expensive nature of the 360-degree panoramic camera than the conventional IP cameras, and availability of limited software support services are estimated to hinder the market growth. In addition, low image quality of 360-degree panoramic camera is expected to limit the market growth.

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Furthermore, high adoption of 360-degree panoramic camera featured with high image quality and low power consumption fuels the market growth and offers lucrative opportunities for the market.
The 360-degree panoramic market is segmented based on product type, application, and region. Based on product, the market is divided into industrial camera and commercial camera. Further, based on application, it is divided into traffic-monitoring, grid layout, aerial scenery, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Benefits

This study includes the analytical depiction of the global 360-degree panoramic camera market along with current trends and future estimations to determine the imminent investment pockets.
The report presents information regarding key drivers, restraints, and opportunities.
The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based inPortland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in theirrespective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics,Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data
that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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