Global IP Security Camera Market by Product Types, Connection Types, Application Types and Regions- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The IP security camera market was valued at approximately USD 8Billion in 2019 and is expected to surpass USD 20Billion by 2026, expanding at a CAGR of 14% during the forecast period 2020–2026.
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An Internet Protocol camera, or IP camera, is a type of digital video camera that receives control data and sends image data via the Internet. They are commonly used for surveillance but unlike analog closed-circuit television (CCTV) cameras, they require no local recording device, only a local area network. Most IP cameras are webcams, but the term IP camera or netcam usually applies only to those that can be directly accessed over a network connection, usually used for surveillance.
Market Trends, Drivers, Restraints, and Opportunities:
- Rise in demand of IP security cameras can be attributed to the increase in the number of security threats in various regions. This has made the installations of cameras a necessity in order to protect an individual.
- The rise in installation costs has been an aspect that has been restraining the growth of the market. The increase in risks related to data security is another aspect that is restraining this market.
- There is a huge potential for manufacturers in tapping into use of internet-of-things (IoT) in their camera systems. This is predicted to enhance the market in the forecast period.
Competitive Landscape:
The IP security camera market is fragmented with presence of various regional and global players. The key players participating in the IP camera market are ShenZhen Apexis Electronic Co., Ltd, Avigilon, Canon Inc., Bosch Security Systems, Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology, Guangzhou Juan Intelligent, March Networks, Panasonic Corporation, Pelco by Schneider Electric, VideoIQ Inc., and Tyco International. The players in the market are engaged in providing diversified offerings to customers based on their business requirements. For instance, Bosc Security Systems is offering a wide range of Internet Protocol (IP) cameras including fixed camera, PTZ, panoramic, infrared, and special cameras in different models and specifications as per the business requirement. In February 2018, Arlo Technologies, Inc. announced its partnership with Eagle Eye Networks to develop an innovative commercial video surveillance technology that supports wired and wireless IP security devices. These commercial systems are predicted witness a wide range of applications in different sectors such as retail, industrial, and healthcare. In May 2018, Xiaomi announced the launch of Xiaofang Smart IP Camera, that offers four real-time scenes at the same time. It also provides functionalities such as Wi-Fi, night vision, VR, and two-way voice support.
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The Global IP Security Camera Market has been segmented on the basis of
Product Types
- Fixed
- Pan-tilt-zoom (PTZ)
- Infrared
Connection types
- Centralized
- Decentralized
Application Types
- Residential
- Commercial
- Government
Regions
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- IP Security Camera Market Overview
- Global IP Security Camera Market Analysis and Forecast by Type
- Global IP Security Camera Market Analysis and Forecast by Application
- Global IP Security Camera Market Analysis and Forecast by Sales Channel
- Global IP Security Camera Market Analysis and Forecast by Region
- North America IP Security Camera Market Analysis and Forecast
- Latin America IP Security Camera Market Analysis and Forecast
- Europe IP Security Camera Market Analysis and Forecast
- Asia Pacific IP Security Camera Market Analysis and Forecast
- Middle East & Africa IP Security Camera Market Analysis and Forecast
- Competition Landscape
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