IP Camera Market Research Insights 2024: Trends, Drivers, and Competitive Landscape

Overview and Scope
An IP camera, often known as an internet protocol camera, is a form of digital surveillance camera that collects and transmits video data via an IP network. It is commonly used for surveillance rather than analog closed-circuit television (CCTV) cameras, which require a local area network.

Sizing and Forecast
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.

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Segmentation & Regional Insights
The ip camera market covered in this report is segmented –

1) By Component: Hardware, Services
2) By Product: Non-Mechanical Pan-Tilt-Zoom (PTZ) Camera, Pan-Tilt-Zoom (PTZ) Dome Camera, Fixed Cameras, Fixed Dome Cameras, Infrared Camera
3) By Connection: Centralized, Decentralized
4) By Application: Banking And Finance, Government, Commercial, Education

Asia-Pacific was the largest region in the IP camera market in 2023. The regions covered in the ip camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the IP camera market are focused on developing technologically advanced products, such as systems on chipsets (SoC), to gain a competitive edge in the market. A system on a chip (SoC) is an integrated circuit (IC) that integrates all components of a computer or other electronic system into a single chip. For instance, in March 2023, Deeplet Technology Corp, a Taiwan-based provider of surveillance innovation and sophisticated networking capabilities, launched the Brivista series of IP cameras. The Brivista series of IP cameras is based on Novatek’s chipset and features IK10 vandal-proof, IP68 waterproof, and 80M long-range IR. The cameras are also designed in compliance with Onvif Profile S/T to offer real-time video freeze and snapshots simultaneously. They provide alarm triggers via motion detection, alarm input, and video tampering. They also support motion detection with sensitive grid numbers to prevent false alarms.

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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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

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