Ip Camera Market
IP Camera Market Forecasts to 2028 – Global Analysis By Connectivity (Decentralized, Centralized), Product (Pan–Tilt–Zoom (PTZ) Camera, Non Mechanical Pan–Tilt–Zoom (PTZ) Camera) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $11.83 BN |
|
Projected Year Value (2028) |
US $28.08 BN |
|
CAGR (2022 - 2028) |
18.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global IP Camera Market is accounted for $11.83 billion in 2022 and is expected to reach $28.08 billion by 2028 growing at a CAGR of 18.3% during the forecast period. Internet Protocol camera is the acronym for IP camera which is a network-oriented digital video camera used for security surveillance which is enabled for data transfers over a network. Majority of the IP cameras require a central video network recorder (NVR) to manage the operation such as alarms and recording storages etc. IP cameras are used almost in all areas replacing the ordinary CCTV systems due to its efficient operations such as great zoom capacity and clarity etc.
UAE-based IT, and security surveillance solutions have plans to install around 10,000 cameras for free in one city of about 150 countries by 2025 as part of the USD 1.5-billion worldwide campaign announced in October 2019. The company has earmarked about INR 200 crore for the project in India. 'Secure Our City' campaign is expected to be launched in India across five cities in a phased manner. Each CCTV unit includes an eight-channel HD IP camera system with 30 days of recording capacity. The company has started its operations in Kochi under the name ''Secure Cam India''. ''Secure Cam'' is also offering installation, a two-year warranty, and one year service for free as part of the campaign. Apart from Kochi, the company has started its operations in Bengaluru.
Market Dynamics:
Driver:
Stringent government regulations
The market is definitely inclined by the government regulations. Governments in the province are highly worried concerning safety and security of public and private infrastructure. IP-based surveillance systems have already been deployed in Dubai, Abu Dhabi, and other Gulf nations. Surveillance systems have undergone drastic transformations, due to real-time video analytics. Highway surveillance has benefitted from evolution of IP cameras. Government regulations are also embracing technologies for improving safety and security, and the infrastructure.
Restraint:
Internet penetration and speed
Less Internet penetration and insufficient internet speed is also an issue that can pose hurdles in the growth of the market in many under developed and developing countries. Good internet connection, dependability and sufficient internet speed is the primary factor considered while incorporating IP Cameras.
Opportunity:
Rising demand in military operations
The military operations extremely rely on the footage captured by cameras, and owing to the increasing terrorism across the globe, there is also an upsurge in the use of UAV drones to locate the territories of terrorists. Furthermore, the Police Department of a lot of cities in North America such as Florida and Texas are using drones for surveillance. Now, these UAV drones utilize IP cameras for footage, which is creating a huge IP camera marketplace for the vendors.
Threat:
Data Privacy
Transmitting data over the internet, upsurge the chances of data exposure to remote attacks, thus, IP Cameras market is facing a major challenge of security breach that involve transferring of sensitive data.
Covid-19 Impact
In many COVID-19 affected countries in North America, the demand for surveillance cameras recovered from the fourth quarter of 2020, though there is still uncertainty around the future impact of the COVID-19 pandemic. The most likely scenario is that the market in focus is expected to experience a slow recovery. With the growing efforts toward the containment of the COVID-19 pandemic, the electronics industry is coming back to normal. Investments in security can boost the growth of the market in the province.
The Pan–Tilt–Zoom (PTZ) Camera segment is expected to be the largest during the forecast period
The Pan–Tilt–Zoom (PTZ) Camera segment is expected to be the largest during the forecast period. The acceptance for pan–tilt–zoom (PTZ) camera increased across industry verticals owing to their falling prices and enhanced viewing angles over fixed cameras. This type of camera is capable of managing remote directions and zoom controls. PTZ controls are used with professional video cameras in television studios, sporting events, and other spaces. They are generally mentioned to as robos. These systems can be remotely controlled by automation systems.
The Commercial segment is expected to have the highest CAGR during the forecast period
The Commercial segment is expected to have the highest CAGR during the forecast period. The commercial constructions such as office and retail buildings are increasing in countries like the U.S. and India. Thus, it will raise the usage of IP Cameras for security applications in commercial sector over the forecast period. Increasing number of commercial buildings and small and medium enterprises are strengthening the deployment of IP cameras in these sectors, owing to security and surveillance applications.
Region with highest share:
North America is projected to hold the largest market share during the forecast period, owing to increased demand for small installations and advanced workplace surveillance, which simultaneously drives demand for the market. The Royal Bank of Canada was robbed that led to the closure of the bank for preliminary investigation. The rise in security concerns has led to an increased demand for high-grade video surveillance systems for monitoring transaction offices and branches. IP cameras provide recorded video footage that enables easy identification of suspects involved in thefts or other crimes that occur in banking facilities.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period the province is likely to display robust growth over the forecast period owing to supporting government initiatives to make the provinces smart with better infrastructure and securities, for example, smart city project in India. Moreover, the nations such as China and Taiwan introducing the devices with meagre prices when compared are further enhancing the market with an increase in adoptions. The Asia Pacific market will expand most in the coming years due to the increased adoption of contemporary security technologies for various applications like home security, traffic monitoring, and city surveillance. Countries including India, Japan, and China are the main economies investing highly to include surveillance cameras to curb the increasing crime rates.
Key players in the market
Some of the key players profiled in the IP Camera Market include Panasonic, Openeye, Bosch Security Systems, Honeywell Security, Sony, Hikvision Digital Technology, D-Link , Arecont Vision, Tyco International, Juanvision, Axis Communications, Dahua Technology, March Networks, Apexis, Vivotek, NetGear, GeoVision, Mobotix.
Key Developments:
In February 2020: Hikvision launched a new generation of its signature AcuSense products, with significant updates. Compared with previous AcuSense cameras, this latest generation extends target classification distances from 10, 15, or 22 meters to 20, 25, or 30 meters, depending on the model. The camera lenses are also equipped with an aperture reaching up to F1.4.
In February 2017: Bosch Security Systems partnered with Sony Corporation in the field of security solutions. This partnership attributes to the market leadership of Bosch in the security sectors and Sony’s indubitable finesse in the camera technology.
Connectivity’s Covered:
• Decentralized
• Centralized
Products Covered:
• Pan–Tilt–Zoom (PTZ) Camera
• Non Mechanical Pan–Tilt–Zoom (PTZ) Camera
• Pan–Tilt–Zoom (PTZ) Dome Camera
• Fixed Cameras
• Fixed Dome Cameras
• Infrared Camera
Mountings Covered:
• Parapet Mounts
• Ceiling Mounts
• Pole Mounts
• Wall Mounts
Mobile Applications Covered:
• iCamViewer
• Security Cam with Dropbox & YouTube Sync
• V Mobile
• VHDR Lite
• XProtect Mobile
• Smartvue S9
• Mobile Focus
• Other Mobile Application Convergences
Applications Covered:
• Public/Government
• Commercial
• Residential
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global IP Camera Market, By Connectivity
5.1 Introduction
5.2 Decentralized
5.3 Centralized
6 Global IP Camera Market, By Product
6.1 Introduction
6.2 Pan–Tilt–Zoom (PTZ) Camera
6.3 Non Mechanical Pan–Tilt–Zoom (PTZ) Camera
6.4 Pan–Tilt–Zoom (PTZ) Dome Camera
6.5 Fixed Cameras
6.6 Fixed Dome Cameras
6.7 Infrared Camera
7 Global IP Camera Market, By Installation
7.1 Introduction
7.2 Personal Computer (PC) Based Digital Video Recorder (DVR)
7.3 Hardware based Digital Video Recorder (DVR)
7.4 Digital Video Recorder (DVR) Technologies
8 Global IP Camera Market, By Mounting
8.1 Introduction
8.2 Parapet Mounts
8.3 Ceiling Mounts
8.4 Pole Mounts
8.5 Wall Mounts
9 Global IP Camera Market, By Mobile Application Convergence
9.1 Introduction
9.2 iCamViewer
9.3 Security Cam with Dropbox & YouTube Sync
9.4 V Mobile
9.5 VHDR Lite
9.6 XProtect Mobile
9.7 Smartvue S9
9.8 Mobile Focus
9.9 Other Mobile Application Convergences
10 Global IP Camera Market, By Application
10.1 Introduction
10.2 Public/Government
10.2.1 Government
10.2.2 Transportation
10.2.3 Education
10.2.4 Banking, Financial services and Insurance (BFSI)
10.2.5 Other Public/Government Apllications
10.3 Commercial
10.3.1 Industrial
10.3.2 Healthcare
10.3.3 Retail
10.3.4 Office Entrances/Exits
10.3.5 Real-estate
10.3.6 Office Supply and Storage Rooms
10.3.7 Other Commercial Applications
10.4 Residential
10.4.1 Smart Home
10.4.2 Home Security
11 Global IP Camera Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Panasonic
13.2 Openeye
13.3 Bosch Security Systems
13.4 Honeywell Security
13.5 Sony
13.6 Hikvision Digital Technology
13.7 D-Link
13.8 Arecont Vision
13.9 Tyco International
13.10 Juanvision
13.11 Axis Communications
13.12 Dahua Technology
13.13 March Networks
13.14 Apexis
13.15 Vivotek
13.16 NetGear
13.17 GeoVision
13.18 Mobotix
List of Tables
1 Global IP Camera Market Outlook, By Region (2020-2028) ($MN)
2 Global IP Camera Market Outlook, By Connectivity (2020-2028) ($MN)
3 Global IP Camera Market Outlook, By Decentralized (2020-2028) ($MN)
4 Global IP Camera Market Outlook, By Centralized (2020-2028) ($MN)
5 Global IP Camera Market Outlook, By Product (2020-2028) ($MN)
6 Global IP Camera Market Outlook, By Pan–Tilt–Zoom (PTZ) Camera (2020-2028) ($MN)
7 Global IP Camera Market Outlook, By Non Mechanical Pan–Tilt–Zoom (PTZ) Camera (2020-2028) ($MN)
8 Global IP Camera Market Outlook, By Pan–Tilt–Zoom (PTZ) Dome Camera (2020-2028) ($MN)
9 Global IP Camera Market Outlook, By Fixed Cameras (2020-2028) ($MN)
10 Global IP Camera Market Outlook, By Fixed Dome Cameras (2020-2028) ($MN)
11 Global IP Camera Market Outlook, By Infrared Camera (2020-2028) ($MN)
12 Global IP Camera Market Outlook, By Installation (2020-2028) ($MN)
13 Global IP Camera Market Outlook, By Personal Computer (PC) Based Digital Video Recorder (DVR) (2020-2028) ($MN)
14 Global IP Camera Market Outlook, By Hardware based Digital Video Recorder (DVR) (2020-2028) ($MN)
15 Global IP Camera Market Outlook, By Digital Video Recorder (DVR) Technologies (2020-2028) ($MN)
16 Global IP Camera Market Outlook, By Mounting (2020-2028) ($MN)
17 Global IP Camera Market Outlook, By Parapet Mounts (2020-2028) ($MN)
18 Global IP Camera Market Outlook, By Ceiling Mounts (2020-2028) ($MN)
19 Global IP Camera Market Outlook, By Pole Mounts (2020-2028) ($MN)
20 Global IP Camera Market Outlook, By Wall Mounts (2020-2028) ($MN)
21 Global IP Camera Market Outlook, By Mobile Application Convergence (2020-2028) ($MN)
22 Global IP Camera Market Outlook, By iCamViewer (2020-2028) ($MN)
23 Global IP Camera Market Outlook, By Security Cam with Dropbox & YouTube Sync (2020-2028) ($MN)
24 Global IP Camera Market Outlook, By V Mobile (2020-2028) ($MN)
25 Global IP Camera Market Outlook, By VHDR Lite (2020-2028) ($MN)
26 Global IP Camera Market Outlook, By XProtect Mobile (2020-2028) ($MN)
27 Global IP Camera Market Outlook, By Smartvue S9 (2020-2028) ($MN)
28 Global IP Camera Market Outlook, By Mobile Focus (2020-2028) ($MN)
29 Global IP Camera Market Outlook, By Other Mobile Application Convergences (2020-2028) ($MN)
30 Global IP Camera Market Outlook, By Application (2020-2028) ($MN)
31 Global IP Camera Market Outlook, By Public/Government (2020-2028) ($MN)
32 Global IP Camera Market Outlook, By Government (2020-2028) ($MN)
33 Global IP Camera Market Outlook, By Transportation (2020-2028) ($MN)
34 Global IP Camera Market Outlook, By Education (2020-2028) ($MN)
35 Global IP Camera Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
36 Global IP Camera Market Outlook, By Other Public/Government Applications (2020-2028) ($MN)
37 Global IP Camera Market Outlook, By Commercial (2020-2028) ($MN)
38 Global IP Camera Market Outlook, By Industrial (2020-2028) ($MN)
39 Global IP Camera Market Outlook, By Healthcare (2020-2028) ($MN)
40 Global IP Camera Market Outlook, By Retail (2020-2028) ($MN)
41 Global IP Camera Market Outlook, By Office Entrances/Exits (2020-2028) ($MN)
42 Global IP Camera Market Outlook, By Real-estate (2020-2028) ($MN)
43 Global IP Camera Market Outlook, By Office Supply and Storage Rooms (2020-2028) ($MN)
44 Global IP Camera Market Outlook, By Other Commercial Applications (2020-2028) ($MN)
45 Global IP Camera Market Outlook, By Residential (2020-2028) ($MN)
46 Global IP Camera Market Outlook, By Smart Home (2020-2028) ($MN)
47 Global IP Camera Market Outlook, By Home Security (2020-2028) ($MN)
Note: The tables for North America, Europe, Asia Pacific, South America, and Middle East & Africa are represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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