IP Camera Global Market Report 2023: Adoption by the Manufacturing Sector Drives Growth
Global IP Camera Market
Dublin, Feb. 21, 2023 (GLOBE NEWSWIRE) -- The "IP Camera Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Services); By Application; By Region; Segment Forecast, 2023 - 2032" report has been added to ResearchAndMarkets.com's offering.
The global IP camera market size is expected to reach USD 41.32 billion by 2032, according to a new study by the publisher. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rise in demand from developing countries and the rising safety requirements in high-risk locations are the primary factors influencing the market expansion for security camera systems.
Additionally, the growth of the market for wireless security camera systems is influenced by the incorporation of IoT in wireless IP Cameras. The market's growth is however constrained by the restricted range and issues with network interference. On the other hand, it is anticipated that a rise in demand for smart city initiatives will open up lucrative business prospects.
A security camera system is a device that provides customers with a sense of security and safety with superior audio, video, and alarm systems that can be accessed remotely from any smartphone or tablet. Wide-angle lens, motion detection recording, night vision, two-way audio, and other features are also included. The increase in demand for IP Camera on the international market.
During the anticipated term, the global pandemic of COVID 19 will increase the adoption of a variety of internet of things (IoT) applications, opening up several business potentials. Due to many advantages, the security camera market is expanding at an astounding rate on a global scale. It assists in preventing both internal and external theft. It offers proof in cases of theft or trespassing or even at different crime scenes. It guarantees client satisfaction. Any building can utilize it to monitor the interior and exterior for any suspicious activity.
During the anticipated period, rising consumer awareness of the necessity for IP Camera is expected to drive market demand. Additionally, the simplicity of installing this surveillance system increases market demand on a global scale. The adoption of smart homes and smart cities is also being accelerated by rising government and individual initiatives, which help the worldwide industry flourish. Additionally, continued thorough study into various surveillance systems and the market for IP Camera generates a number of expansion chances during the review period all over the world.
The market for IP Camera is expanding rapidly over the world as a result of several benefits associated with it. Both internal and external thefts are made less likely by it. It provides proof of robbery, theft, or even multiple crime sites. Customer satisfaction is ensured. Any building can utilize it to detect suspicious activity both inside and outside.
Drivers and Opportunities
Adoption by the Manufacturing Sector
Government's Concern Regarding Public Safety
Restraints and Challenges
IP Camera Market Report Highlights
The hardware industry led the market in 2021, accounting for the largest revenue share. Face and body detection technologies, which are employed by manufacturers to create new products with technological improvement and more features supplied by AI and IoT, are rarely used by government organizations.
In 2021, the commercial monitoring category dominated the market. The expanding use of IoT in smart homes is another factor fueling the industry's growth. Customers are using IP cameras with new cutting-edge capabilities instead of standard CCTV cameras to boost the security of their properties.
North America emerged as the largest regional market in 2021. The presence of key players and their innovative solutions have contributed to this growth. The growth of industrial sectors and improvements in features and technologies these factors support regional growth.
The publisher has segmented the IP Camera Market report based on component, application, and region:
IP Camera, Component Outlook (Revenue - USD Billion, 2019 - 2032)
IP Camera, Application Outlook (Revenue - USD Billion, 2019 - 2032)
IP Camera, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Middle East & Africa
No. of Pages
2023 - 2032
Estimated Market Value (USD) in 2023
Forecasted Market Value (USD) by 2032
Compound Annual Growth Rate
Key Topics Covered:
2. Executive Summary
3. Research Methodology
4. Global IP Camera Market Insights
5. Global IP Camera Market, by Component
6. Global IP Camera Market, by Application
7. Global IP Camera Market, by Geography
8. Competitive Landscape
9. Company Profiles
Arecont Vision Costar LLC.
Belkin International Inc.
Bosch Security Systems GmbH
EOS Digital Services
Hangzhou Hikvision Digital Technology Co. Ltd.
Honeywell International Inc.
Samsung Electronics Co. Ltd.
Schneider Electric SE
For more information about this report visit https://www.researchandmarkets.com/r/9r7plw-camera-market?w=12
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900