IP Camera Market Share in North America 2020 - Industry Growth Forecast By 2026

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North America IP Camera Market to Reach 8 Bn by
2026 Graphical Research
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North American IP Camera Market size is estimated
to hit USD 8 billion by 2026, according to a
latest forecast report by Graphical Research. The
increasing adoption of innovative video
surveillance systems to enhance safety and
security of healthcare facilities. Increasing
instances of security breaches and property
thefts are encouraging consumers to adopt
advanced security systems. According to a 2020
State of Safety survey, break-ins are the number
one property crime concerns in the U.S. Every day
over 3,300 burglaries occur, resulting in a loss
of around USD 3,000. Growing security challenges
faced by homeowners for intrusion detection are
driving the adoption of IP cameras. These systems
offer significant benefits, such as fast
connectivity to the Internet and real-time access
to video footage, in residential security
applications. Technological advancements such
as the development of remote access monitoring
and limitless storage capabilities have
revolutionized the IP camera market. These
systems allow the monitoring of surveillance
cameras and sensors remotely with the aid of a
mobile app or a web portal. Market players are
focusing on RD activities to offer innovative
systems and attract a large customer base. For
instance, in January 2020, Hangzhou Hikvision
Digital Technology Co., Ltd. launched an IP video
Intercom solution equipped with thermal cameras
for low-light detection. The system enables users
to gain enhanced control over building access
coupled with audio-visual communication. Infrared
cameras are expected to witness increased
adoption in the commercial, residential,
industrial, and defense sectors. Growing security
challenges faced by the military for intrusion
detection at border areas are driving the
adoption of infrared cameras. Governments are
allocating budgets to procure infrared cameras.
According to Trading Economics, military
expenditure in Canada is projected to reach
around USD 21,700 million by 2021. The surge in
military spending to secure the borders is
expected to drive the market demand.
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The Centralized IP cameras enable users to manage
large number of devices located at multiple
locations. The centralized IP-based video
surveillance system integrates all the functions
of video surveillance such as access control,
video analytics, intrusion, and fire alarm
functionalities. This facilitates enterprises to
gain greater control over their systems, ensuring
better safety, security, visibility, and
control.   The healthcare sector is majorly
adopting comprehensive security systems due to
stringent government policies to monitor and
secure operations in facilities. For instance,
the Health Insurance Portability and
Accountability Act (HIPPA) directs hospitals to
ensure data privacy through advanced security and
video surveillance systems. Prominent players are
providing high-quality surveillance systems to
help healthcare authorities in protecting their
products, data, facilities, and employees. Key
players operating in the North American IP camera
market include Bosch Security Systems, Dahua
Technology, Pelco by Schneider Electric,
Panasonic Corporation, Tyco International, and
Canon Inc. Players are focusing on new product
launches to strengthen their industry position
and expand their product portfolio. For instance,
in July 2019, Honeywell International, Inc.
launched 30 Series IP cameras to improve video
data protection and help customers to comply with
the U.S. government procurement standards.
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Segmentation of North America IP Camera
Market North America Market, By
Product Fixed PTZ Infrared North America Market,
By Application Residential Home security Smart
home Commercial Retail Industrial Healthcare Real
estate Others The above information has been
provided for the following countries North
America U.S Canada
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reserved.


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About Graphical Research Graphical Research is
a business research firm that provides industry
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