IP Camera Market: Segmented: By Product (Fixed Cameras, Fixed Dome Cameras, PTZ Camera, PTZ Dome Camera, Non Mechanical PTZ Camera, and Others), By Mounting (Wall Mounts, Ceiling Mounts, Parapet Mounts, Pole Mounts), By Connectivity (Centralized, Decentralized), By Application (Residential, Commercial, Public/Government), By Mobile Application (VHDR Lite, CamViewer, Security Cam with Dropbox & YouTube Sync, XProtect Mobile, Smartvue S9, V mobile, Mobile focus, and Others) And Region - Global Analysis Of Market Size, Share & Trends For 2020-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] IP Camera market to surpass USD 44,131.5 million by 2031 from USD 12,135.3 million in 2021 at a CAGR of 15.6% in the coming years, i.e., 2021-31.
Internet Protocol Camera is a device that receives and transmits video footage over an IP network. IP Cameras are generally used for surveillance and they do not require any local recording device. IP camera captures the footage, compresses it, and then transmits the video. Different type of IP cameras is available in the market such as fixed dome cameras, PTZ dome cameras, fixed cameras, and non-mechanical PTZ cameras. They can be fitted on walls, ceilings, parapets, and poles. Internet Protocol Cameras are widely used in residential, public, and commercial buildings.
IP Camera market is expected to project a notable CAGR of 15.6% in 2031.
Rising crime rates, aging population, rising smart home trends, and growing government investments in security systems will fuel the growth of Global IP Camera market.
Fixed Dome Cameras segment holds the largest market share
Global IP Camera market is classified on the basis of product into Fixed Cameras, Fixed Dome Cameras, PTZ Camera, PTZ Dome Camera, Non-Mechanical PTZ Camera, and Others. Fixed Dome Cameras segment is dominating the market with the largest market share. IP cameras are often used for surveillance, but unlike analog closed-circuit television (CCTV) cameras, they do not require local recording equipment, only a local area network.
Centralized segment to grow with the highest CAGR during the forecast period 2021-2031
Global IP Camera market is classified on the basis of connectivity into Centralized, and Decentralized. Centralized segment is expected to grow with the highest CAGR during the forecast period. Growing demand for cost-efficient video surveillance solutions is driving the growth of the segment.
Growing Safety and Security Concerns
Growing cases of burglary and theft in residential areas have increased the need for video surveillance solutions. Rising trend of smart homes along with the growing need for security and safety in residential areas is boosting the growth of Global IP Camera Market. Adoption of cameras has increased in various industries owing to remote monitoring, limitless storage, intruder alarms, and easy installation capabilities. Growing geriatric population and rising crime rates are also driving the growth of the market.
Infrastructure Development in Emerging Nations
Rapid infrastructure development and smart city projects in developing nations have created growth opportunities for the Global IP Camera market. Government is investing heavily in security systems to ensure the safety of their citizens and curb the crime rates. Furthermore, market players are focusing on new product launches and innovations along with other research and development activities to increase their presence in the market.
High Costs of Installation and Cyber Security Threats
The high costs of installation and implementation of Internet Protocol Camera is a major restraint in the growth of the market. Moreover, the whole system is online, there is a constant threat of data breaching which is hampering the market growth.
Global IP Camera market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is expected to grow with the highest rate during the forecast period. The growth is attributed to the rapid adoption advance security technologies for traffic monitoring, home security, and growing initiatives to control crime rates. Furthermore, North America holds a dominant share in the market owing to the advanced workplace surveillance and rise in demand for small installations.
Coronavirus pandemic has adversely affected the economies around the globe. Nationwide lockdown regulations were imposed in many countries to control the spread of the virus and social distancing norms were strictly followed by the citizens. Covid-19 had a negative impact on Global IP Camera market as the pandemic disrupted the business operations. However, growing unemployment has resulted into rising crime rates which has induced the need for video surveillance solutions.
IP Camera Market is further segmented by region into:
IP Camera Market Segments:
|Market size value in 2021||USD 12,135.3 million|
|Revenue forecast in 2031||USD 44,131.5 million|
|Growth Rate||CAGR of 15.6% from 2021 to 2031|
|Base year for estimation||2021|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2031|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Product, Mounting, Connectivity, Application, Mobile Application, and Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Key companies profiled||Hikvision, Honeywell, Motorola, Inc., Robert Bosch GmbH, Konica Minolta, ITX Security, Panasonic Holdings Corporation, IDIS, The Infinova Group, Alphabet Inc. , and Other Prominent Players|
Global IP Camera market size was estimated at USD 12,135.3 million in 2021 and is expected to reach USD 44,131.5 million in 2031.
Internet Protocol Camera is a device that receives and transmits a video footage over an IP network. IP Cameras are generally used for surveillance and they do not require any local recording device.
Fixed Dome Cameras segment and Centralized, segment accounted for the largest Global IP Camera market share.
Key players: Hikvision, Honeywell, Motorola, Inc., Robert Bosch GmbH, Konica Minolta, ITX Security, Panasonic Holdings Corporation, IDIS, The Infinova Group, Alphabet Inc., and Other Prominent Players are the key players in the Global IP Camera market.
Growing Safety and Security Concerns and Infrastructure Development in Emerging Nations are the factors driving the Global IP Camera market.
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