Network Cameras Market Scope
Network Cameras, also known as Internet Protocol camera or IP camera that receives control data and sends image data in the digital form via the Internet. They are commonly used for surveillance that can be directly accessed over a network connection. Unlike analog closed-circuit television (CCTV) cameras, they require no local recording device, but only a local area network. Network Cameras convert the video signal into IP packets to be transmitted over the internet to the network storage device such as a server. The main advantages of IP camera over conventional CCTV cameras have reduced the cost for cabling, higher resolution, presence of an onboard processor that provides capabilities like motion detection, cross-line detection, wide dynamic range, and improved low light functionality. With this system, the organization can keep a watch on the business activities, employee’s productivity and premises from any part of the world via computer, smartphone, tablet or iPad.
Research Analyst at AMA estimates that Chinese Players will contribute to the maximum growth of Global Network Cameras market throughout the predicted period.
Axis Communications (United Kingdom), Bosch Security Systems (United States), IDIS Europe Limited (United Kingdom), Sony (Japan), Milesight Technology Co., Ltd. (China), Hikvision Digital Technology Co., Ltd (China), D-Link (Taiwan), Arecont Vision (United States), Juanvision (China) and VIVOTEK Inc. (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Tyco International (Ireland), Avigilon (Portugal), Flylink Tech Co., Ltd. (China), FLIR Commercial Systems (United States), KEDACOM (China), IndigoVision (United Kingdom), Provision ISR (Israel), Secure Logiq Limited (United Kingdom), Shenzhen YCX Electronics Co., Ltd (China) and HISILICON Technologies Co., Ltd. (China).
Segmentation Overview
The study have segmented the market of Global Network Cameras market by Type (Centralized IP cameras and Decentralized IP cameras), by Application (Commercial Industrial, Home Security, Store/Office Security, Corporate/CCTV and Other) and Region with country level break-up.
On the basis of geography, the market of Network Cameras 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).
Network Cameras Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Security Concerns
- Declining Total Cost of Ownership Because of Lower Storage Requirements
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Influencing Trends | - Recent Cameras include Features like Digital Zoom, Wide Dynamic Range, High-Quality Images Even in Poor Light are Trending
- Increased Personalization with the Protection of an Individual’s Data and Privacy Is Increasingly Becoming a Priority
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Restraints | - Personal Information about an Individual, Including Location, Daily Patterns becomes Accessible Which Gives Rise to Privacy and Legal Issues
- Stringent Government Rules and Regulations for Network Cameras with integrated capabilities that capture biometrics wherein responsibilities and reasons should be enunciated and the policies should be clearly documented
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Road Blocks / Challenges | - Vulnerable to Intrusion and Hacking
- To Expand Network Resources, Available Bandwidth Has to Be Expanded Which is Costly
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Gaps & Opportunities | - Law Enforcement Agencies are continuously in Need of Surveillance Tools to Tackle Crimes and Terrorism
- High Percentage of Population Uses Cameras with Remote Control Features That Are Accessible Through a Mobile Phone
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Market Leaders and their Expansionary Development Strategies
On the industrial front, Vancouver-based “Avigilon” was acquired by “Motorola Solutions” in 2018. The consumer side, “Amazon” acquired “Ring”. Notably, “Nortek Security & Control” acquired “Intellivision”. Private-equity firms Kingswood Capital and Hellman & Friedman added to their smart-home portfolios. On the other hand, Apollo Global Management divested, taking ADT public (again) less than two years after it acquired the security and home-automation firm.
Axis Communication, one of the key manufacturers of network camera are employing technologies based on AI (and the associated machine learning and deep learning) and the growth has been steady. Machine or Deep-learning is mostly used for video analytics but companies are looking to widen its application domains. Another trend prevalent in 2019 will be combining and integrating sensors to prompt ‘smart’ actions. For instance, in a smart city, a motion sensor connected to a barrier could trigger a camera which, in turn, would trigger an alert in the operations center, allowing for a rapid and appropriate response.
The European Telecommunications Standards Institute (ETSI) produces global standards for information and communications technologies (ICT), including fixed, mobile, radio, converged broadcast and Internet technologies. Most security companies around the world choose to comply with ETSI standards because they are considered to have a very high quality. Since its establishment in 1998, ETSI has produced more than 30,000 standards that enable global technologies such as GSM, 3G, 4G, DECT, and smart cards. Such standards address the needs for interconnection and interoperability, ensure safety, reliability and environmental care and protect the user and business interests, in support of government policies. The European Union’s General Data Protection Regulation, for example, has recognized that imagery that identifies an individual is personal data and thus requires lawful, fair and transparent processing.
Key Target Audience
Network Camera Manufacturer, Distributor and Supplier, End-User, Government Bodies and Associations, Research Companies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.