Overview and Scope
A wireless security camera is a type of surveillance camera that connects to the internet and delivers footage to a receiver from remote location via a wireless connection, such as a computer or a smartphone. These are network-connected devices that may be accessed from anywhere using an app or browser.
Sizing and Forecast
The wireless security cameras market size has grown rapidly in recent years. It will grow from $7.31 billion in 2023 to $8.26 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to surge in crime rates, urbanization and smart cities, home automation trends, retail and commercial security needs, cost-effective installation.
The wireless security cameras market size is expected to see rapid growth in the next few years. It will grow to $13.57 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to increased awareness of security, integration with ai and analytics, rise of smart infrastructure, remote work and monitoring needs, government initiatives for public safety. Major trends in the forecast period include battery-powered and low-power devices, remote monitoring and mobile accessibility, enhanced resolution and imaging technologies, integration with access control systems, environmental resistance and durability.
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Segmentation & Regional Insights
The wireless security cameras market covered in this report is segmented –
1) By Components: Hardware, Software, Video Surveillance As A Service (VSaaS)
2) By Type: Box Camera, Dome Camera, PTZ Camera, Bullet Camera, IP Camera, Day or Night Camera, Thermal (FLIR) Camera, Wireless IP Camera, Other Types
3) By Camera Technology: Analog or Direct, Digital, Ip or Network
4) By Applications: Car Dash Cameras, Security, Home Surveillance, Baby And Adult Monitoring, Other Applications
5) By Industry Verticals: Banking, Financial Services, and Insurance (BFSI), Manufacturing, Education, Hospital And Healthcare, Household, Other Industrial Verticals
North America was the largest region in the wireless security cameras market in 2023. The regions covered in the wireless security cameras 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
The increasing crime rates are expected to propel the growth of the wireless security cameras market going forward. Crime is defined as the intentional conduct of an act that is usually judged as socially damaging or hazardous, clearly defined, forbidden, and penalized under criminal law. Wireless security cameras help reduce crime rates by improving monitoring capabilities, discouraging illegal activity, and assisting in investigating and prosecuting criminal crimes. For instance, according to the Office for National Statistics, a UK-based statistics authority, Knife or sharp instrument offenses registered by the Metropolitan climbed from 10,605 to 11,232 in the fiscal year ending June 2022, resulting in a rate of 125 per 100,000 people. The West Midlands, a metropolitan county in England, reported an offense increased from 3,299 to 4,958 (to 169 per 100,000 population), whereas in Greater Manchester, offenses increased from 3,297 to 3,563 (to 125 per 100,000 population). Therefore, the increasing crime rate is propelling the wireless security camera market.
Key Industry Players
Major companies operating in the wireless security cameras market report are Cisco Systems Inc.,Zhejiang Dahua Technology Co. Ltd.,Logitech International S.A,Amcrest Technologies,Axis Communications AB,Bosch Security Systems GmbH,Teledyne FLIR LLC,Hangzhou Hikvision Digital Technology Co. Ltd.,Honeywell Security,Panasonic Holdings Corporation,Swann Security, Canon Inc.,D-Link Systems Inc.,Koninklijke Philips N.V,Night Owl SP LLC,Atoms Labs LLC,Teklink Security Inc.,Revo Uninstaller,CCTV Cameras Pros,DEFENDER,Q-SEE,Corps Security And Utility Services Private Limited,Crystal Vision Ltd.,Vivinit Smart Home Inc.,ADT Inc.,SimpliSafe Inc.,Brinks Home Security,Johnson Controls International PLC,Genetec Inc.,Qognify Inc.,Verint Systems Inc.,Vidsys Inc.,Guardian Protection Services Inc.,Vector Security Inc.
The wireless security cameras market report table of contents includes:
1. Executive Summary
2. Wireless Security Cameras Market Characteristics
3. Wireless Security Cameras Market Trends And Strategies
4. Wireless Security Cameras Market – Macro Economic Scenario
5. Global Wireless Security Cameras Market Size and Growth
…..
31. Global Wireless Security Cameras Market Competitive Benchmarking
32. Global Wireless Security Cameras Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wireless Security Cameras Market
34. Wireless Security Cameras Market Future Outlook and Potential Analysis
35. Appendix
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