What is Software-Defined Camera Market?
Software-defined cameras are upgradation to the traditional cameras that used cutting-edge technologies like AI and ML for automated monitoring and recording videos. The growing popularity of AI edge computing and video analytics among users to enhance monitoring and search efficiency has accelerated the adoption of software-defined cameras. The cameras work as traffic order keepers on the roads and streets by recording traffic violations in detail.
The market study is being classified by Type (Fixed Dome Camera, Bullet Camera and Box Camera), by Application (Traffic Monitoring, Surveillance, Live Video Analytics and Others) and major geographies with country level break-up.
Huawei Technologies Co., Ltd. (China), Canon (Japan), Panasonic (Japan), GoPro (United States), Sony Corporation (Japan) and Honeywell (United States) are some of the key players profiled in the study.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA predicts that Japanese Players will contribute to the maximum growth of Global Software-Defined Camera market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Software-Defined Camera market by Type, Application and Region.
On the basis of geography, the market of Software-Defined Camera has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand of Software-Defined Cameras to Detect and Record Traffic Violence
- Increased Focus on Security and Emerging Trend of Edge Computing Across the Globe
Market Trend
- Emerging Trend of AI-based Video Cameras to Enhance Commercial Security and Surveillance
Restraints
- High Cost Associated With the Software-Defined Cameras Compared to Other Cameras
Opportunities
- Increasing Initiatives by the Government to Develop Smart Cities and Smart Infrastructures
Challenges
- Slow Adoption of Software-Defined Cameras by the Small Scale Industries or Businesses
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Software-Defined Camera Manufacturers, Suppliers and Distributors of Software-Defined Camera, Venture Capitalists and Private Equity Firms, End-Users and Others