According to Stratistics MRC, the Global IP Camera Market is accounted for $11,012.24 million in 2017 and is expected to reach $86,821.40 million by 2026 growing at a CAGR of 25.8% during the forecast period.
— The growing security concerns, better image resolutions and ease of installation are the major factors driving the market growth. However, the high costs involved and the privacy concerns are hindering the market.
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.
By product, the adoption 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 commonly referred to as robos, an abbreviation of a robotic camera. These systems can be remotely controlled by automation systems.
According to geography, there is a rising penetration of the IP camera devices in countries such as China, India, Australia, Singapore, Japan etc together with the mounting surveillance market. The region is likely to display robust growth over the forecast period due to supporting government initiatives to make the regions smart with better infrastructure and securities, for example, smart city project in India. In addition, 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.
Some of the key players in the IP Camera market are 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 and Mobotix.
• 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
• Personal Computer (PC) Based Digital Video Recorder (DVR)
• Hardware based Digital Video Recorder (DVR)
• Digital Video Recorder (DVR) Technologies
• Parapet Mounts
• Ceiling Mounts
• Pole Mounts
• Wall Mounts
Mobile Application Convergences Covered:
• Security Cam with Dropbox & YouTube Sync
• V Mobile
• VHDR Lite
• XProtect Mobile
• Smartvue S9
• Mobile Focus
• Other Mobile Application Convergences
Release ID: 464985