Internet Protocol (IP) Camera Market by Connectivity ,Type, and Geography - Forecast and Analysis 2023-2027

Internet Protocol (IP) Camera Market Forecast 2023-2027

The internet protocol (IP) camera market size is estimated to grow by USD 147.73 billion at a Compound annual growth rate (CAGR) of 20.68% between 2022 and 2027.  Video analytics software automates the analysis of videos, enhancing the intelligence of Internet protocol camera systems. This technology reduces the workload on security personnel, making surveillance more effective. Integrated into cameras or NVRs, or acquired separately, it finds applications in various settings like homes, roads, and retail outlets. Advancements in AI and ML enable real-time event detection, fostering growth in the global IP cameras market.

What will be the Size of the Market During the Forecast Period?

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The market is witnessing robust growth driven by factors such as the proliferation of Internet connections, increased demand for security solutions, and advancements in electronic and semiconductor technology. These cameras, commonly used in surveillance systems, cater to various sectors including healthcare, transportation, and logistics. They come in different types such as fixed cameras and Pan-Tilt-Zoom (PTZ) cameras, offering features like optical and digital zoom. The industry is witnessing a shift towards smart IP cameras and IoT integration for enhanced monitoring capabilities. However, challenges such as security issues and high installation costs persist, despite innovations in networking technologies and remote monitoring capabilities.

Market Segmentation

The Internet Protocol (IP) Camera Market is experiencing significant growth driven by the widespread adoption of Internet protocol networks and the increasing demand for surveillance solutions in various sectors such as healthcare, commercial structures, and residential security. IP surveillance cameras, also known as CCTV cameras, offer advanced features such as video analytics and IoT integration, enabling efficient monitoring of outdoor conditions and enhancing energy efficiency. These cameras leverage wired Ethernet and IEEE 802 standards for connectivity, with emerging technologies like HDBaseT gaining traction in the market. As metropolitan cities face challenges such as home burglaries and squatting, the demand for modern security systems equipped with smart IP cameras continues to rise, driving innovation and growth in the IP camera industry. This report extensively covers internet protocol (IP) camera market segmentations by connectivity (centralized IP camera arrangement and decentralized IP camera arrangement) and geography (North America, Europe, APAC, South America, and MEA). 

By Connectivity

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 3.24 billion 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. 

Regional Analysis

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North America is estimated to contribute 39% to the growth of the 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 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.

Market Dynamics and Customer Landscape

The IP Camera Market is thriving due to increased demand for advanced surveillance solutions driven by Internet of Things (IoT) integration. Sectors such as BFSI, Healthcare, Mining, Oil and Gas, and Automotive are adopting IP cameras for heightened security. Technological innovations like video analytics and artificial intelligence (AI) bolster surveillance capabilities. Projects like the Pegasus Project push the boundaries of IP camera functionalities. Offerings include hardware like infrared cameras and services, with centralized and distributed architectures for data management ensuring system efficiency.

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.

Key Market Driver

Increasing demand for video surveillance systems is notably driving the market growth. This surge is particularly evident in various industries, driven by the increasing need for Internet protocol cameras. Security has become paramount due to rising incidents of theft, vandalism, and terrorism. IP cameras offer superior features like high-definition video quality, remote accessibility, and advanced functionalities such as motion detection and facial recognition, making them highly appealing for surveillance applications. In sectors like BFSI, where security is crucial, the adoption of video surveillance systems is imperative to mitigate risks. Hotels and restaurants are also embracing these systems to bolster guest and employee safety and streamline operational processes, thus propelling the market growth.

Significant Market Trends

The rise of 5G technology is a key trend influencing the market growth. The development of 5G-enabled cameras is a major trend in the 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, 5G cameras and mobile applications will likely become even more effective and intuitive. All these technological factors drive the growth of the market during the forecast period.  

Major Market Challenge

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. 

Customer Landscape

The market research and growth 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 market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Internet Protocol (IP) Camera Market Companies?

Companies 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 a 4MP fixed vandal dome IP camera, which has a 4-megapixel resolution and motion detection feature.

The market growth analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:

• 360 Vision Technology Ltd.
• Anviz Global Inc.
• 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

Qualitative and quantitative analysis of Companies 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 Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Internet Protocol (IP) Camera Market is experiencing significant growth, particularly in the Asia Pacific region, fueled by the widespread adoption of Close Circuit Television Cameras (CCTV) and the embrace of Internet of Things (IoT) technologies. Various sectors, including transportation, healthcare, government, mining, oil and gas, automotive, and smart city initiatives, are deploying IP cameras for security surveillance. The integration of artificial intelligence and data analytics enhances surveillance capabilities, with countries like South Korea leading innovation, as seen in projects such as the Pegasus project. The market offers a range of hardware and services, including fixed, pan-tilt-zoom (PTZ), and infrared cameras, supported by centralized network servers and digital systems. With advancements in HD resolution, frame rates, and video compression, IP cameras serve diverse applications in commercial buildings and residential settings, leveraging features like remote focus lens and IoT-based functionalities such as face and body detection.

The electronic and semiconductor sector plays a crucial role in the development of advanced surveillance technologies, including Pan-tilt-zoom cameras used in the Internet Protocol (IP) camera industry. These cameras, along with traditional mountable Wi-Fi cameras, are increasingly integrated with IoT systems for enhanced video monitoring, particularly in residential applications. They rely on robust internet networks and leverage hardware components optimized for AI and IoT functionalities. In addition to serving the commercial segment, such as the banking and financial sectors combating retail theft, IP cameras are widely adopted in military & defense and government facilities. With features like Pan-Tilt-Zoom (PTZ) and infrared solutions, they offer comprehensive video surveillance solutions for various segments, including the residential sector addressing concerns such as social distancing and urban population growth. Despite their benefits, challenges like high installation costs persist, prompting innovative solutions such as the AX PRO wireless alarm system and easy installation features. These advancements cater to the needs of homeowners and smartphone users while accommodating flexible installment policies.

Segment Overview

The market forecasting report covers market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Connectivity Outlook
  • Centralized IP camera arrangement
  • Decentralized IP camera arrangement

• Type Outlook
  • Commercial
  • Residential
  • Government

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Scope
Market Report Coverage	Details
Page number	163
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 20.68%
Market growth 2023-2027	USD 147.73. billion
Market structure	Fragmented
YoY growth 2022-2023(%)	18.48
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 39%
Key countries	US, Canada, Japan, China, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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.
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
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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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the market in focus. 
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about Companies
• Comprehensive analysis of factors that will challenge the growth of market Companies

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