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The internet protocol (IP) camera market size is estimated to grow at a CAGR of 20.68% between 2022 and 2027. The market size is forecast to increase by USD 14,773.31 million. The growth of the market depends on several factors, including increasing demand for video surveillance systems, growth of video analytics, and advancement in technology.
This IP Camera Market report extensively covers market segmentation by connectivity (centralized IP camera arrangement and decentralized IP camera arrangement), type (commercial, residential, and government), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing demand for video surveillance systems is notably driving the market growth, although security concerns associated with IP cameras may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for video surveillance systems is notably driving the internet protocol (IP) camera market growth. The demand for Internet protocol cameras is driven by the increasing demand for video surveillance systems in various industries. Security and surveillance have become critical in recent years with the rise of theft, vandalism, and terrorism. Internet protocol cameras offer high-definition video quality, remote access, and advanced features such as motion detection, facial recognition, and automatic alerts, making them attractive options for video surveillance applications. The usage of video surveillance systems in banks and other financial institutions is an urgent requirement. BFSI organizations are highly vulnerable to security threats, which is why the use of video surveillance systems is increasing. ATMs are also vulnerable to criminal activity such as tampering and skimming. Therefore, deploying an effective centralized video surveillance system will protect financial institutions and allow relevant stakeholders to effectively and safely monitor all critical assets, exclusion zones, clients, customers, and employees.
Hotels and restaurants are increasingly using a variety of features to ensure guest and employee security 24/7, enhance hallway and lobby surveillance, and simplify vehicle access and parking management. These factors will drive the growth of the market during the forecast period.
The rise of 5G technology is a key trend influencing the Internet Protocol (IP) Camera Market growth. The development of 5G-enabled cameras is a major trend in the Internet Protocol (IP) camera market. These IP cameras transmit audio and video signals over 5th-generation wireless networks that are being gradually rolled out in several countries. There are only a handful of cameras on the market today. Consumers can expect much faster and higher quality video with a wider range of integrations and applications as video becomes more popular. With the latest Internet Protocol camera technology making it easier to see on the go, it's very likely that 5G cameras and mobile applications will become even more effective and intuitive. All these technological factors drive the growth of the market during the forecast period.
Security concerns associated with IP cameras are challenging the Internet Protocol Camera Market growth. Internet Protocol cameras are vulnerable to hacking, which can lead to privacy and security breaches. Therefore, manufacturers must ensure that their products have robust security features to protect against cyber threats. Internet Protocol cameras are being installed in more and more public places. People's daily activities in such places are monitored without their consent, raising privacy concerns. Additionally, it is difficult to maintain a clear line between legitimate surveillance and intrusion. Video surveillance systems are used to prevent and detect crime, but their use can lead to privacy concerns. Public surveillance systems can cover private areas, such as homes and offices, without the owner's consent or knowledge, leading to an invasion of privacy.
Large-scale video surveillance by governments can also violate citizens' fundamental right to privacy. As a result, the line between legitimate surveillance and intrusion blurs. An important constitutionally protected right that is challenged by mass video surveillance is the right to anonymity. Large-scale video surveillance can also affect citizens' right to freedom of expression. Additionally, video surveillance systems installed in stores and streets can be abused for spy photography. Therefore, violating people's moral and constitutional rights is a major challenge to the growth of the Internet Protocol Camera Market.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Internet Protocol (IP) Camera Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
CAMSTAR USA: The company manufactures and designs professional video surveillance equipment. It also offers 4MP fixed vandal dome IP camera which has a 4-megapixel resolution and motion detection feature.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the centralized IP camera arrangement segment will be significant during the forecast period. Network cameras require a centralized video server. The cameras are networked so that recording is done locally or remotely on a common platform via Internet Protocol in a centralized Internet Protocol camera array. In a centralized Internet Protocol camera array, media recordings are stored on either network video recorders (NVRs) or digital video recorders. The centralized Internet Protocol camera location is advantageous for applications that require the recording device to be hidden or away from the camera. Suitable for camera platforms with multiple internet protocols.
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The centralized IP camera arrangement segment was valued at USD 3,242.28 million in 2017 and continued to grow until 2021. A centralized internet protocol camera offers more storage capacity than a distributed internet protocol camera because the centralized internet protocol camera is connected to a central storage system. The storage capacity of the central storage system can also be increased as needed. Therefore, the centralized internet protocol (IP) camera array segment is expected to grow during the forecast period.
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North America is estimated to contribute 39% to the growth of the global internet protocol (IP) camera market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The Internet Protocol (IP) camera market in the North American region is expected to grow significantly over the next few years. One of the major drivers of the market in North America is the increasing need for security and surveillance in various sectors such as commercial, industrial, and residential. With crime rates and security threats rising, businesses and individuals are investing in internet protocol cameras to remotely monitor their facilities and prevent incidents. Rising demand for smart homes and connected devices is also boosting the growth of the market in North America. The US government is focused on using surveillance cameras in urban areas to protect people in schools, parks, bridges, and streets. The rise of dome cameras, PTZ cameras, bullet cameras, box cameras, etc. for securing large-scale facilities such as parking lots, construction sites, airports, railroads, and schools has driven the growth of the market.
In 2020, the IP Camera Market experienced a temporary slowdown during the pandemic due to supply chain disruptions and reduced demand from some end-use industries. However, the market is expected to recover gradually, including home security, commercial surveillance, and industrial surveillance. The impact of the pandemic on the market varies by region and industry. With little to no inventory movement during lockdowns, companies involved in manufacturing and supplying internet protocol cameras were affected by the COVID-19 pandemic. Declining production efficiencies and transportation restrictions disrupted supply chains and sales. With global vaccination campaigns and a reduction in COVID-19 cases, the electronics industry returned to business as usual. Security investments fueled the growth of the market during the forecast period. The market also witnessed a trend toward the integration of advanced technologies such as AI and machine learning that can improve the efficiency and accuracy of internet protocol camera systems. Hence, the increasing adoption of advanced technologies is expected to drive market growth during the forecast period.
The internet protocol (IP) camera market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global Internet protocol (IP) camera market as part of the global electronic equipment and instruments market within the overall electronics market. The parent global electronics market includes manufacturers of communications equipment, technology hardware storage and peripherals, electronic devices and equipment, electronic components, consumer and industrial electronics, and electronic manufacturing services. The global electronic equipment and instruments market is expected to grow at a moderate pace. Technavio calculates the global electronic equipment and instruments market size by taking into account related information, communication, and technology, as well as the revenue generated from the sale of electronic products, devices, and components.
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Internet Protocol (IP) Camera Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.68% |
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Market growth 2023-2027 |
USD14773.31 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
18.48 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 39% |
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Key countries |
US, Canada, Japan, China, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
360 Vision Technology Ltd., Anviz Global Inc., CAMSTAR USA, Canon Inc., Cisco Systems Inc., Costar Technologies Inc., CP PLUS International, DDC Group, Delta Electronics Inc., D Link Corp., Guangzhou Juan Intelligent Joint Stock Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., i PRO Co. Ltd., Motorola Solutions Inc., Moxa Inc., Robert Bosch GmbH, Shenzhen Apexis Electronic Co. Ltd., Sony Group Corp., Zhejiang Dahua Technology Co. Ltd., and Zhejiang Uniview Technologies Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Connectivity
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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