The increasing number of smart cities, parking garages, bus
stops, airport, and other transportation spaces are gaining momentum in terms
of adoption of IP cameras. Additionally, financial institutions, banks, and
multinational companies are driving growth of the market, owing to the ease in
installation and configuration, and a continuous decline in the prices of these
cameras. A recent business intelligence report from IndustryARC estimates that
the global IP camera market value is expected to swell up to $27.1 billion by
2025, with the revenue growth at a CAGR of 15.34% during the forecast period 2019-2025.
The IndustryARC’s recently complied
business intelligence report titled “IP Camera Market: By Product (Fixed
Cameras, PTZ Cameras, Infrared (IR) Cameras); By Mounting (Wall mounts, Ceiling
mounts, parapet mounts, Pole mounts); By Technology (DVR Technologies, PC Based
DVR, Hardware based DVR); By Application (Residential, Commercial,
Public/Government and others)- Forecast (2019-2025)” highlights that the
growing government initiatives and projects related to smart and safe cities
are offering ample growth opportunities. Moreover, the growing commercial
buildings, small and medium enterprises are improving the economic conditions
and amplifying the deployment of IP cameras in the market. And, the market is
subjugated to grow at substantial growth in the future due to rising applications
in the construction sector.
IP
Camera Market: Leading Segments
Geographically, North America is
observing constant development in the industrial, and commercial sector growing
at a CAGR of 17.79% during the aforementioned forecast period. The region is
highly efficient in technology adoption and the presence of large number of
players in the market who employ IP cameras for various applications such as
security and surveillance. The U.S IP camera market is the major contributor in
the North American region due to increased demand from small installation and
need for advanced workplace surveillance which simultaneously drives the IP
camera market revenue. Furthermore, North America has observed a reduced crime
rates due to increasing adoption of IP cameras for security purposes.
On the other hand, the key
application pinpointed in the report is in retail stores and malls. Due
to a huge rise in the construction sector the retail stores and malls are
increasing in the developed countries and the IP camera’s application for
security and surveillance is the most emerging segment in the IP camera market.. However, this application segment in the IP camera market
is anticipated to grow at a CAGR of 15.71% during the aforesaid forecast period.
IP
Camera Market: Market Trends and Growth Drivers
· Rise in the number of terrorist
attacks, theft incidents in the financial institutions, and banks have
increased the demand and supply of the IP cameras in the market. 24/7
monitoring and surveillance enables the security professionals to prevent any
such criminal activities. This has propelled the demand for IP camera market.
· With digital electronics advancement,
the recent cameras are well-equipped with high quality coupled with other
benefits. As these cameras provide crisp resolution and detailed images. These
key factors have replaced the analog cameras with the digital camera and is
also one of the major driving factor for growth of the IP camera market.
· In the region like MENA, the
government is particularly stringent about the security. The IP camera market
is influenced by the governments’ stringent rules and the regulations. This
already has a huge market in Abu Dhabi, Dubai, and Sharjah.
· APAC is an emerging region with
the fastest growing construction industry. It is witnessing enormous amount of constructions
of commercial and industrial building, hence the region is adopting the IP
cameras for security and simultaneously letting the market demand grow.
IP
Camera Market: Competitive Landscape
Some of the prominent key companies
identified in the report are Avigilon Corporation, Axis communication AB, Bosch
Security Systems Inc., Honeywell International Inc., Flir Systems, Hanzhou
Hikvision Digital Technology Co., Ltd., Microsemi Corporation, and Panasonic
Corporation.
Talk to one of our sales
representative about the full report by providing your details in the link
below:
https://www.industryarc.com/support.php?id=18577
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What can you expect from the report?
The IP camera market is
prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Applications
11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant
Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments 18. Current
& Future Market Landscape
Analysis
9. Mergers & Acquisition
Analysis
19. Opportunity
Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Frequently Asked Questions:
Q.
Does IndustryARC provide customized reports and charge additionally for limited
customization?
Response: Yes, we can customize the report by extracting data from
our database of reports and annual subscription databases. We can provide the
following free customization:
1. Increase the level of data in
application or end user industry.
2. Increase the number of countries
in geography chapter.
3. Find out market shares for other
smaller companies or companies which are of interest to you.
4. Company profiles can be
requested based on your interest.
5. Patent analysis, pricing,
product analysis, product benchmarking, value and supply chain analysis can be
requested for a country or end use segment.
Any other custom requirements
can be discussed with our team, drop an e-mail to [email protected] to discuss more about our
consulting services.
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.