IP Camera Market to cross USD 20 billion by 2024

1
IP Camera Market to surpass USD 20 billion by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from IP Camera Market

• IP Camera Market size is set to exceed USD 20
  billion by 2024 according to a new research
  report by Global Market Insights, Inc. The
  shipments are poised to grow at over 25 CAGR
  from 2017 to 2024.
• Technological proliferation, ubiquity of internet
  connectivity and the demand for remote monitoring
  are expected to drive IP camera market growth
  over the forecast period. Advancement in
  technology such as 4K resolution, edge-based
  video analytics and penetration of H.265
  high-efficiency video encoding is also poised to
  stimulate demand. The growing number of players
  in the network camera market and availability of
  low-cost manufacturing has been fueling the
  growth across the globe. Global terrorist attacks
  in recent years have highlighted the need for
  governments to pay more attention to public
  security. In addition, the dropping IP camera
  market price trend, has helped shorten the gap
  with analog systems.

3
Continued...

• The global IP camera market is marked by trends
  such as need for high resolution, government
  investments to improve security infrastructure,
  reduction in total cost of ownership, and rise in
  demand from non-security applications such as
  smart home devices. The growing demand for these
  systems in non-security applications such as
  integration with access control systems in smart
  home automation, e-Point of Sale (POS) terminals,
  Automatic Number-Plate Recognition (ANPR) are
  poised to offer additional opportunities for the
  network camera market.
• Moreover, other factors such as improved sensor
  availability, new video analytics capabilities,
  wider adoption of thermal imaging, mobile access,
  intelligent building control, 360-degree vision
  and de-warping are contributing immensely towards
  penetration of the network camera market. These
  systems have direct connectivity to the internet,
  therefore, concern among the public regarding
  data security and privacy could negatively impact
  IP camera market growth. In addition, these
  surveillance market solutions are not only
  expensive, but also pose risk of being vulnerable
  to destruction and vandalism, thereby hindering
  growth in developing regions.

4
U.S. IP camera market size, by commercial
application, 2016 2024 (USD Million)

5

Browse Full Market Research Report On IP Camera
Market _at_ http//bit.ly/2GJaFce Request for a
Sample of this Research Report _at_ https//www.gmins
ights.com/request-sample/detail/2410
6
Continued...

• The IP camera market has been segmented by
  product into Fixed, PTZ and Infrared systems.
  Compact design, electronic PTZ functions, built
  in IR sensors, and environmentally resistant
  structures are trends driving adoption of IP
  cameras over their analog counterparts.
  Deployment of a particular type of camera system
  depends upon the application need, lens type,
  lighting, cabling systems, power requirements and
  required resolution.
• Centralized connectivity in the IP camera market
  offer basic analytics, video encoding and event
  triggering functions. Processing functions are
  carried by the central computer that runs on
  licensed software. Such solutions are primarily
  useful for the institutional setting and places
  where there is a dedicated central monitoring
  system. However, decentralized connectivity
  solutions do not require dedicated software and
  can run individually with built in storage, with
  the segment expected to grow at a CAGR of over
  20. Decentralized IP cameras are more expensive
  than centralized solutions, however offer higher
  flexibility in terms of operation and storage.

7
Regional Analysis of IP Camera Market

• China IP camera market is expected to witness
  sharp growth due to the presence of a large
  number of market players offering low cost
  solutions in the region. Favorable government
  initiatives on city surveillance, smart city
  development and penetration of IoT devices are
  also expected to fuel the demand. Features such
  as remote monitoring, live video feed on the
  mobile, single Power over Ethernet (PoE)
  connectivity, HD resolution and mobile access are
  driving demand for such solutions in residential
  applications.
• Ease of access, remote operation, scalability and
  flexibility to add more components are some of
  the key benefits of IP cameras solutions. 4K
  video surveillance, HD and megapixel cameras are
  gaining increased penetration across industry
  verticals.

8
Companies

• Axis Communications
• Bosch Security Systems
• Samsung Techwin
• Sony Professional
• Hikvision Digital Technology
• Dahua Technology
• Panasonic Security System

9
Stay In Touch Website www.gminsights.com Soci
al Media