IP Camera Market Forecasts to 2028 – Global Analysis By Connectivity (Decentralized, Centralized), Product (Pan–Tilt–Zoom (PTZ) Camera, Non Mechanical Pan–Tilt–Zoom (PTZ) Camera) and By Geography

IP Camera Market Forecasts to 2028 – Global Analysis By Connectivity (Decentralized, Centralized), Product (Pan–Tilt–Zoom (PTZ) Camera, Non Mechanical Pan–Tilt–Zoom (PTZ) Camera) and By Geography

According to Stratistics MRC, the Global IP Camera Market is accounted for $11.83 billion in 2022 and is expected to reach $28.08 billion by 2028 growing at a CAGR of 18.3% during the forecast period. Internet Protocol camera is the acronym for IP camera which is a network-oriented digital video camera used for security surveillance which is enabled for data transfers over a network. Majority of the IP cameras require a central video network recorder (NVR) to manage the operation such as alarms and recording storages etc. IP cameras are used almost in all areas replacing the ordinary CCTV systems due to its efficient operations such as great zoom capacity and clarity etc.

UAE-based IT, and security surveillance solutions have plans to install around 10,000 cameras for free in one city of about 150 countries by 2025 as part of the USD 1.5-billion worldwide campaign announced in October 2019. The company has earmarked about INR 200 crore for the project in India. 'Secure Our City' campaign is expected to be launched in India across five cities in a phased manner. Each CCTV unit includes an eight-channel HD IP camera system with 30 days of recording capacity. The company has started its operations in Kochi under the name ''Secure Cam India''. ''Secure Cam'' is also offering installation, a two-year warranty, and one year service for free as part of the campaign. Apart from Kochi, the company has started its operations in Bengaluru.

Market Dynamics:

Driver:

Stringent government regulations

The market is definitely inclined by the government regulations. Governments in the province are highly worried concerning safety and security of public and private infrastructure. IP-based surveillance systems have already been deployed in Dubai, Abu Dhabi, and other Gulf nations. Surveillance systems have undergone drastic transformations, due to real-time video analytics. Highway surveillance has benefitted from evolution of IP cameras. Government regulations are also embracing technologies for improving safety and security, and the infrastructure.

Restraint:

Internet penetration and speed

Less Internet penetration and insufficient internet speed is also an issue that can pose hurdles in the growth of the market in many under developed and developing countries. Good internet connection, dependability and sufficient internet speed is the primary factor considered while incorporating IP Cameras.

Opportunity:

Rising demand in military operations

The military operations extremely rely on the footage captured by cameras, and owing to the increasing terrorism across the globe, there is also an upsurge in the use of UAV drones to locate the territories of terrorists. Furthermore, the Police Department of a lot of cities in North America such as Florida and Texas are using drones for surveillance. Now, these UAV drones utilize IP cameras for footage, which is creating a huge IP camera marketplace for the vendors.

Threat:

Data Privacy

Transmitting data over the internet, upsurge the chances of data exposure to remote attacks, thus, IP Cameras market is facing a major challenge of security breach that involve transferring of sensitive data.

Covid-19 Impact

In many COVID-19 affected countries in North America, the demand for surveillance cameras recovered from the fourth quarter of 2020, though there is still uncertainty around the future impact of the COVID-19 pandemic. The most likely scenario is that the market in focus is expected to experience a slow recovery. With the growing efforts toward the containment of the COVID-19 pandemic, the electronics industry is coming back to normal. Investments in security can boost the growth of the market in the province.

The Pan–Tilt–Zoom (PTZ) Camera segment is expected to be the largest during the forecast period

The Pan–Tilt–Zoom (PTZ) Camera segment is expected to be the largest during the forecast period. The acceptance for pan–tilt–zoom (PTZ) camera increased across industry verticals owing to their falling prices and enhanced viewing angles over fixed cameras. This type of camera is capable of managing remote directions and zoom controls. PTZ controls are used with professional video cameras in television studios, sporting events, and other spaces. They are generally mentioned to as robos. These systems can be remotely controlled by automation systems.

The Commercial segment is expected to have the highest CAGR during the forecast period

The Commercial segment is expected to have the highest CAGR during the forecast period. The commercial constructions such as office and retail buildings are increasing in countries like the U.S. and India. Thus, it will raise the usage of IP Cameras for security applications in commercial sector over the forecast period. Increasing number of commercial buildings and small and medium enterprises are strengthening the deployment of IP cameras in these sectors, owing to security and surveillance applications.

Region with highest share:

North America is projected to hold the largest market share during the forecast period, owing to increased demand for small installations and advanced workplace surveillance, which simultaneously drives demand for the market. The Royal Bank of Canada was robbed that led to the closure of the bank for preliminary investigation. The rise in security concerns has led to an increased demand for high-grade video surveillance systems for monitoring transaction offices and branches. IP cameras provide recorded video footage that enables easy identification of suspects involved in thefts or other crimes that occur in banking facilities.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period the province is likely to display robust growth over the forecast period owing to supporting government initiatives to make the provinces smart with better infrastructure and securities, for example, smart city project in India. Moreover, the nations such as China and Taiwan introducing the devices with meagre prices when compared are further enhancing the market with an increase in adoptions. The Asia Pacific market will expand most in the coming years due to the increased adoption of contemporary security technologies for various applications like home security, traffic monitoring, and city surveillance. Countries including India, Japan, and China are the main economies investing highly to include surveillance cameras to curb the increasing crime rates.

Key players in the market

Some of the key players profiled in the IP Camera Market include Panasonic, Openeye, Bosch Security Systems, Honeywell Security, Sony, Hikvision Digital Technology, D-Link , Arecont Vision, Tyco International, Juanvision, Axis Communications, Dahua Technology, March Networks, Apexis, Vivotek, NetGear, GeoVision, Mobotix.

Key Developments:

In February 2020: Hikvision launched a new generation of its signature AcuSense products, with significant updates. Compared with previous AcuSense cameras, this latest generation extends target classification distances from 10, 15, or 22 meters to 20, 25, or 30 meters, depending on the model. The camera lenses are also equipped with an aperture reaching up to F1.4.

In February 2017: Bosch Security Systems partnered with Sony Corporation in the field of security solutions. This partnership attributes to the market leadership of Bosch in the security sectors and Sony’s indubitable finesse in the camera technology.

Connectivity’s Covered:
• Decentralized
• Centralized

Products Covered:
• Pan–Tilt–Zoom (PTZ) Camera
• Non Mechanical Pan–Tilt–Zoom (PTZ) Camera
• Pan–Tilt–Zoom (PTZ) Dome Camera
• Fixed Cameras
• Fixed Dome Cameras
• Infrared Camera

Mountings Covered:
• Parapet Mounts
• Ceiling Mounts
• Pole Mounts
• Wall Mounts

Mobile Applications Covered:
• iCamViewer
• Security Cam with Dropbox & YouTube Sync
• V Mobile
• VHDR Lite
• XProtect Mobile
• Smartvue S9
• Mobile Focus
• Other Mobile Application Convergences

Applications Covered:
• Public/Government
• Commercial
• Residential

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements