Press release
Global IP Camera Market Comprehensive Study: Forecasted Market Size And Growth Rate
IP Camera Market
The Business Research Company offers in-depth market insights through IP Camera Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ip camera market size has grown rapidly in recent years. It will grow from $12.43 billion in 2023 to $14.29 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to security concerns, cost reductions, integration with iot, demand for remote monitoring, egulatory compliance.
The ip camera market size is expected to see rapid growth in the next few years. It will grow to $25.47 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to expansion of high-speed internet infrastructure, smart city initiatives, cloud-based solutions, rise of edge computing in video analytics, increased demand for 4k and beyond resolution. Major trends in the forecast period include increasing demand for ai-powered analytics, rapid adoption of 4k and ultra hd cameras, integration with iot and smart home systems, emphasis on cybersecurity, shift towards cloud-based solutions.
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Market Segmentation:
The ip camera market covered in this report is segmented -
1) By Component: Hardware, Services
2) By Product: Non-Mechanical Pan-Tilt-Zoom (PTZ) Camera, Pan-Tilt-Zoom (PTZ) Dome Camera, Fixed Cameras, Fixed Dome Cameras, Infrared Camera
3) By Connection: Centralized, Decentralized
4) By Application: Banking And Finance, Government, Commercial, Education
Major Driver - Government Initiatives In Smart City Projects Fueling The Growth Of The Ip Camera Market
Increasing government initiatives in smart city projects are expected to propel the growth of the IP camera market going forward. Smart cities refer to an administrative territory that uses information and communication technology (ICT) to improve its operational efficiency and provide better infrastructural facilities to its residents. IP cameras are employed in smart cities to improve traffic management and urban mobility, making streets safer and more usable for all users, which has resulted in an increase in the demand for IP camera. For instance, in 2021, according to January 2023, according to Digital Dubai, a UAE-based online platform for enhancing governmental work, Dubai has announced Smart Dubai 2021 initiative to fully integrate information and communication technology (ICT) with essential resources and infrastructure in order to increase resilience, availability, and efficiency. Therefore, the increasing government initiatives in smart city projects across the globe are driving the IP camera market.
Competitive Landscape:
Major companies operating in the ip camera market report are Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Panasonic Holdings Corporation, Samsung Electronics Co. Ltd., Sony Corporation, Avigilon Corporation, Belkin International Inc., D-Link Corporation, Bosch Sicherheitssysteme GmbH, Johnson Controls, Mobotix, AV Costar, GeoVision Inc., IDIS. Ltd., Pelco, 3DEYE Inc., Arecont Vision Costar LLC., Longse Technology Co. Ltd., NEXCOM International Co. Ltd., Visionhitech Co. Ltd., Zhuhai Telehof Electrics Co. Ltd., Shenzhen Neo Electronics Co. LTD, Shenzhen Saint Optoelectronic Co. Ltd., Shenzhen SFCAM Technology Co. Ltd., Adiance, Ezviz, Axis, Hanwha Techwin, Hikvision, Digital Watchdog .
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Top Trend - Innovative Perspectives Advancing The Ip Market
Technological advancements are a key trend gaining popularity in the IP camera market. Major companies operating in the IP camera market are focused on innovating new technologies to sustain their position in the market. For instance, in July 2022, Hangzhou Hikvision Digital Technology Co., Ltd., a China-based manufacturer of video surveillance equipment for civilian and military purposes, launched its new DeepinView bullet network cameras with TandemVu technology. These cameras provide simultaneous monitoring of broad vistas and minute details, retaining two viewpoints for better spatial awareness and security. DeepinView bullet cameras with TandemVu have two nearby bullet lenses. These lenses have distinct features, such as While the bottom motorized lens's focal lengths of 10-50 mm (8A86) or 8-32 mm (8A46) are intended to check on specific security incidents in depth, the top fixed lens always provides the overall picture.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. IP Camera Market Characteristics
3. IP Camera Market Trends And Strategies
4. IP Camera Market - Macro Economic Scenario
5. IP Camera Market Size And Growth
…..
27. IP Camera Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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