Press release
Smart Camera System Market Is Expected To Grow Tremendously By 2027
Smart Camera System Market: IntroductionAccording to a new market report pertaining to the global smart camera system market published by Transparency Market Research the global smart camera system market is projected to reach ~US$ 29.5 Bn by 2027. The smart camera system market is projected to expand at a CAGR of ~15% from 2019 to 2027. Growth of the smart camera system market can be attributed to increasing focus on public safety. Over the forecast period, Asia Pacific is anticipated to grow rapidly in the smart camera system market at a CAGR of 15.9%. In terms of number of units, the market is dominated by North America, followed by Asia Pacific.
Smart Camera System Market: Key Drivers
Huge increase in crimes and illegal activities globally is hampering the overall economic and social infrastructure of different countries. The homicide rate is very high in regions such as Africa and South America, which is resulting in poor social structure of the countries within these regions. According to data published by the United Nations Office on Drugs and Crime, in year 2017, El Salvador (South America) had homicide rate of 61.8%. The homicide rate in South Arica is 35.9%. This has resulted in increasing concerns about public safety & security. The demand for smart camera systems is increasing at an exponential rate with the increased focus by governments on the deployment of smart camera systems specifically for crime surveillance.
Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=75671
Moreover, initiatives by governments to develop smart cities is increasing due to their multiple advantages such as reduced environmental footprint, efficient public utilities, enhanced citizen and government engagement, and traffic management. Smart camera systems have the ability to control and monitor the whole transportation system through which, the system can be managed easily and can reduce accidents. Development of smart cities is driving the demand for smart camera systems, as smart cameras are a crucial component in smart cities with respect to efficient connected transportation systems (rail, subway, and air).
Smart Camera System Market: Segmentation
The global smart camera system market has been segmented in terms of component, application, industry, and region. Based on component, the smart camera system market has been classified into hardware, software, and services. The hardware segment has been sub-classified into camera and video management system. The camera segment has been sub-categorized into camera box camera, dome camera, and bullet camera). Services has been sub-segmented into professional and managed.
Based on application, the smart camera system market has been categorized into license plate recognition, surveillance, advanced driver assistance system (ADAS), and facial recognition (identity access management). In terms of industry, the market has been segmented into government, transportation, commercial, residential, and smart cities. The government segment has been further sub-segmented into traffic surveillance, and toll road cameras. The transportation segment has been sub-segmented into railway stations, airports, and marine. The commercial segment has been divided into retail, BFSI, education, OEM, and others. Initially, vendors across the ecosystem of smart camera systems were analyzed based on device and technology providers in the market.
Smart Camera System Market: Regional Outlook
In terms of region, the global smart camera system market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the smart camera system market during the forecast period. Asia Pacific is anticipated to witness growth in the smart camera system market. The smart camera system market in South America, Europe, and Middle East & Africa is also expected to expand rapidly during the forecast period.
Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=75671
The report provides in-depth segment analysis of the global smart camera system market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the smart camera system market.
Smart Camera System Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global smart camera system market. Key players profiled in the report include Hangzhou Hikvision Digital Technology Co., Ltd., Bosch Security Systems Inc., Axis Communications AB, SimpliSafe, Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., FLIR Systems, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co.,Ltd., Canon Inc., Raptor Photonics Ltd, Vivint, Inc., Sony Corporation, and Watec Co., Ltd.
Smart Camera System Market: Segmentation
Smart Camera System Market, by Component
• Hardware
o Camera
Box Camera
Dome Camera
Bullet Camera
o Video Management System
• Software
• Services
o Professional
o Managed
Smart Camera System Market, by Application
• License Plate Recognition
• Surveillance
• Advanced Driver Assistance System (ADAS)
• Facial Recognition (Identity Access Management)
Smart Camera System Market, by Industry
• Government
• Transportation
• Commercial
• Residential
• Smart Cities
Get More Information @ https://www.transparencymarketresearch.com/smart-camera-system-market.html
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Camera System Market Is Expected To Grow Tremendously By 2027 here
News-ID: 2361043 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Camera
ChirpyCharm Camera Review: Read This Chirpy Charm Camera Reviews Before Buying T …
ChirpyCharm Camera Smart Bird Feeder: See Nature Like Never Before.
Discover the joy of birdwatching like never before with the ChirpyCharm Camera Smart Bird Feeder, a groundbreaking device that blends cutting-edge technology with the serene beauty of backyard birding. Whether you're an avid bird lover, a casual nature enthusiast, or someone looking to reconnect with the outdoors, ChirpyCharm Camera transforms the simple act of feeding birds into a rich, interactive, and…
Construction Camera [Time Lapse Camera] Market Demand by 2030
𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐚𝐦𝐞𝐫𝐚 (𝐓𝐢𝐦𝐞 𝐋𝐚𝐩𝐬𝐞 𝐂𝐚𝐦𝐞𝐫𝐚) 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
Transparency Market Research delivers key insights on the global construction camera (time lapse camera) market. In terms of revenue, the global construction camera (time lapse camera) market is estimated to expand at a growth rate of 8% during the forecast timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global construction camera (time lapse camera) market report.
𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭…
Snapshot Action Camera Review 2022: (Must Read!) Check Out Snapshot Action Camer …
Snapshot Action Camera: Photography is both a vision and an art form. It's all about imagination and observation in photography. It's about traveling the world and capturing everyday life with a camera. Whether you're a pro or a beginner, if you've just picked up a camera for the first time or you're just shooting with your smartphone, you're undoubtedly feeling the same sensation that all photographers do when they take…
Camera Repair Services Market Report- Trends, Business Competitors, And Facing C …
The Camera Repair Services Market research report presents an inside and out appraisal through Global Camera Repair Services Market Growth 2021-2026 by giving the area's flow circumstance and huge drivers. It precisely conveys the vital data and state-of-the-art examination to aid the definition of the market strategy and the assurance of the proper way for rapid development for the major parts of the business. Camera Repair Services Market report would…
Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera!
In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a natural…
Global Construction Camera (Time Lapse Camera) Market Share 2020-2025
This report also researches and evaluates the impact of Covid-19 outbreak on the Construction Camera (Time Lapse Cameraindustry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Construction Camera (Time Lapse Cameraand market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).
Scope of the Report:
The report presents the market outlook for the Indian Phospho Gypsum product from the…
