Surveillance Camera Market is expected to reach US$ 45.93 Bn by 2027

According to the latest market study on "Surveillance Camera Market to 2027 - Global Analysis and Forecast by Type (Analog Cameras and IP Cameras); Product Type (Dome Cameras, Bullet Cameras, Box Style Cameras, PTZ Cameras, Thermal Cameras, and Others); End User (BFSI, Government & Defense, Commercial, Manufacturing & Construction, Healthcare, Logistics & Transportation, Residential, and Others); and Geography", the surveillance camera market is estimated to reach US$ 45.93 Bn by 2027 from US$ 21.82 Bn in 2018.

Integration of artificial intelligence in surveillance cameras to provide growth opportunities for surveillance camera market players

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In the global video surveillance industry, there are various future trends which are projected to boost the adoption of surveillance cameras across diverse industry verticals. Some of the prominent trends include artificial intelligence based end-to-end security solutions, cybersecurity features, cloud based solutions, privacy management, and vertical specialized solutions. The integration of technologies such as artificial intelligence, cloud, and internet of things into existing and upcoming surveillance equipment and solutions to meet the challenging demands customers is fuelling the future growth of global surveillance camera market. Artificial intelligence (AI) and deep learning (DL) are playing increasingly more important roles in the surveillance camera market and offer significant benefits over conventional video analytics. Advancements in AI is expected to boost surveillance cameras by enabling footage to be constantly monitored and instantly analyzed. The artificial intelligence facilitates in monitoring, feeding the captured imageries and alerting the guards in case of suspicious activities in and around the workstations.

Also, AI is used in video surveillance cameras for wide range of applications such as facial recognition, motion detection, license plate reading, and counting people in retail stores or shopping malls among others. With the usage of artificial intelligence, the end users are capable of leveraging specific analytics data that helps in actionable intelligence for various functions. The automated surveillance is booming through the new machine learning techniques offering CCTV cameras the capability to spot troubling behavior without human supervision. The IT companies and the surveillance systems manufacturers are working together to develop advanced AI-based security cameras for wide range of video surveillance applications.

Leading Surveillance Camera market Players: Canon Inc., Dahua Technology Co., Ltd, FLIR Systems, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Techwin Co., Ltd., Honeywell International Inc., Panasonic Corporation, Pelco Corporate, Robert Bosch GmbH, The Infinova Group

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Market Insights-Surveillance Camera Market
Significant rise in adoption of IP cameras
The security and surveillance industry has emerged over the years, and the trend is driving from physical security to video-based security and surveillance with the support of camera technology. The shift is majorly driven by factors such as increased safety and time, cost-efficiency, and convenience of the end-user. Moreover, video surveillance systems offer various benefits to its users, such as better work productivity, remote monitoring, traffic management, protection against theft, and also help in collecting evidence in legal cases. During the initial stage of video surveillance technology, the analog cameras were being utilized significantly; however, the industry is foreseeing a change with the increased acceptance and adoption of IP-based cameras. The major advantage of IP cameras over the conventional cameras is the advantage of transferring captured imageries or data directly over the internet, in a fraction of second. IP cameras are either centralized that need Network Video Recorder (NVR) for monitoring recordings, or decentralized where the camera recordings can be stored in any of the remote or local storing devices. Further, the utilization of Wi-Fi is available with the IP cameras to transfer data instantly. Additionally, the option for installing numerous video analytics software in these cameras for automatic analysis of the imageries by the cameras is also rising the interest among the various end-users.

The Global Surveillance Camera Market has been Segmented as Follows:
Surveillance Camera Market - By Type
Analog Cameras
IP Cameras

Surveillance Camera Market - By Product Type
Dome Cameras
Bullet Cameras
Box Style Cameras
PTZ Cameras
Thermal Cameras
Others

Surveillance Camera Market - By End-User
BFSI
Government & Defense
Commercial
Manufacturing & Construction
Healthcare
Logistics & Transportation
Residential
Others

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• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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