IP Camera Market 2024 | Market Size, Share Analysis, Demand And Forecast To 2033 | Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Panasonic Holdings Corporation, Samsung Electronics Co. Ltd., Sony Corporation

The IP Camera by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s IP Camera, The ip camera market size has grown rapidly in recent years. It will grow from $12.43 billion in 2023 to $14.29 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to security concerns, cost reductions, integration with iot, demand for remote monitoring, egulatory compliance.

The ip camera market size is expected to see rapid growth in the next few years. It will grow to $25.47 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to expansion of high-speed internet infrastructure, smart city initiatives, cloud-based solutions, rise of edge computing in video analytics, increased demand for 4k and beyond resolution. Major trends in the forecast period include increasing demand for ai-powered analytics, rapid adoption of 4k and ultra hd cameras, integration with iot and smart home systems, emphasis on cybersecurity, shift towards cloud-based solutions.

Increasing government initiatives in smart city projects are expected to propel the growth of the IP camera market going forward. Smart cities refer to an administrative territory that uses information and communication technology (ICT) to improve its operational efficiency and provide better infrastructural facilities to its residents. IP cameras are employed in smart cities to improve traffic management and urban mobility, making streets safer and more usable for all users, which has resulted in an increase in the demand for IP camera. For instance, in 2021, according to January 2023, according to Digital Dubai, a UAE-based online platform for enhancing governmental work, Dubai has announced Smart Dubai 2021 initiative to fully integrate information and communication technology (ICT) with essential resources and infrastructure in order to increase resilience, availability, and efficiency. Therefore, the increasing government initiatives in smart city projects across the globe are driving the IP camera market.

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The ip camera market covered in this report is segmented –
1) IP Camera Market By Component: Hardware, Services
2) IP Camera Market By Product: Non-Mechanical Pan-Tilt-Zoom (PTZ) Camera, Pan-Tilt-Zoom (PTZ) Dome Camera, Fixed Cameras, Fixed Dome Cameras, Infrared Camera
3) IP Camera Market By Connection: Centralized, Decentralized
4) IP Camera Market By Application: Banking And Finance, Government, Commercial, Education

Top Major Players

Hangzhou Hikvision Digital Technology Co. Ltd.

Honeywell International Inc.

Panasonic Holdings Corporation

Samsung Electronics Co. Ltd.

Sony Corporation

Technological advancements are a key trend gaining popularity in the IP camera market. Major companies operating in the IP camera market are focused on innovating new technologies to sustain their position in the market. For instance, in July 2022, Hangzhou Hikvision Digital Technology Co., Ltd., a China-based manufacturer of video surveillance equipment for civilian and military purposes, launched its new DeepinView bullet network cameras with TandemVu technology. These cameras provide simultaneous monitoring of broad vistas and minute details, retaining two viewpoints for better spatial awareness and security. DeepinView bullet cameras with TandemVu have two nearby bullet lenses. These lenses have distinct features, such as While the bottom motorized lens’s focal lengths of 10–50 mm (8A86) or 8–32 mm (8A46) are intended to check on specific security incidents in depth, the top fixed lens always provides the overall picture.

The ip camera market report table of contents includes:

1. Executive Summary

2. IP Camera Market Characteristics

3. IP Camera Market Trends And Strategies

4. IP Camera Market – Macro Economic Scenario

5. Global IP Camera Market Size and Growth

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31. Global IP Camera Market Competitive Benchmarking

32. Global IP Camera Market Competitive Dashboard

33. Key Mergers And Acquisitions In The IP Camera Market

34. IP Camera Market Future Outlook and Potential Analysis

35. Appendix