Press release
IP Camera Market Size, Growth, Innovations, Trends And Forecast 2024-2033
IP Camera Market
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.
Market Overview -
An IP camera, often known as an internet protocol camera, is a form of digital surveillance camera that collects and transmits video data via an IP network. It is commonly used for surveillance rather than analog closed-circuit television (CCTV) cameras, which require a local area network.
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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 .
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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