About Wifi IP Camera
The Wifi IP camera is an integrated wireless IP camera solution. It combines a high quality digital video camera along with network connectivity and a powerful web server to bring clear to your desktop from anywhere on your local network or over the Internet. Due to its benefits it is widely used in home security, sports enthusiasts, car security and others. The increasing usage of wifi IP cameras for security & surveillance purposes is driving the growth of wifi IP camera market across the world
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Wifi IP Camera is a fragmented market due to the presence of various players. The many changes within the industry underscore the fact that there is an increasingly more competitive landscape. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Wifi IP Camera market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Canon (Japan), Sony (Japan), Samsung (South Korea), Panasonic (Japan), Nikon (Japan), Gopro (United States), Kodak (United States), Fujifilm (Japan), Olympus (Japan) and Ricoh (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Garmin (United States), TP-Link (China), Netgear (United States), D-Link (Taiwan), Philips (Netherlands) and LG (South Korea).
Segmentation Overview
AMA Research has segmented the market of Global Wifi IP Camera market by Type (Home Security Camera, Digital Camera with WiFi, Car Camera, Sports Camera and Others), Application (Home Security, Consumer Electronics, Sports Enthusiasts, Car Security and Others) and Region.
On the basis of Type, Home Security Camera are dominating the market in the year 2022 where as Digital Camera with WiFi stood as second largest market share.
On the basis of application, Home Security segment is dominating the market in the year 2022 where as Car Security segment stood as second largest market .On the basis of geography, the market of Wifi IP Camera has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sensor Technology , the sub-segment i.e. CMOS will boost the Wifi IP Camera market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resolution, the sub-segment i.e. High Definition (HD) will boost the Wifi IP Camera market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing popularity of wifi IP camera worldwide
Market Growth Drivers:
Growing awareness about the need for safety and security and Affordable prices of wifi IP cameras
Challenges:
Lack of network infrastructure in developing economies
Restraints:
Difficulties while capturing small objects and Network issues while transmitting data
Opportunities:
Benefits of deploying wifi IP cameras in various applications
Market Leaders and their expansionary development strategies
In September 2021, Canon Inc. completed acquisition of Redlen Technologies as a wholly owned subsidiary.
The players are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions worldwide to avail competitive advantage through combined synergies
Key Target Audience
Manufacturers of wifi IP camera, Wifi technology solution providers, Suppliers and distributors, Research organizations and institutes, Market research and consulting Firms, Technology standards organizations, forums, alliances, and associations, Technology investors, Analysts and strategic business planners, End users and Government and other regulatory bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.