About Network Security Cameras
Network security cameras provide a wide range of features such as cloud storage system for storing photos and albums, quick access to storage, and it almost eliminates the need for a USB cable which reduces the hassle of connecting the USB cord. These cameras are also used in different sectors for security and surveillance and includes different cameras such as surveillance cameras, baby monitors, etc
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 18.8% |
The global network security camera market is fragmented with the presence of many small regional vendors and large multinational vendors. As international players are increasing their market presence, regional vendors are finding it difficult to compete with them. Analyst at AMA Research estimates that Chinese and United States Vendors will contribute the maximum growth to Global Network Security Cameras 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.
Hikvision (China), Axis Communications (Sweden), Panasonic (Japan), Dahua (China), Bosch Security Systems (Germany), Sony (Japan), Samsung (South Korea), Avigilon (Canada), Pelco by Schneider Electric (United States), Honeywell (United States), Mobotix (Germany), GeoVision (Taiwan), Belkin (United States), Vivotek (Taiwan), D-Link (Taiwan), Arecont Vision (United States), Shenzhen Wanscam Technology Co. Ltd (China) and Toshiba (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 Gospell Digital Tech (China), Juanvision (China) and Apexis (China).
Segmentation Overview
AMA Research has segmented the market of Global Network Security Cameras market by Type (Centralized IP Cameras and De-Centralized IP Cameras), Application (Residential Use, Commercial Use, Facility Use and Public & Government Infrastructure) and Region.
On the basis of geography, the market of Network Security 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). If we see Market by Offering Type, the sub-segment i.e. Hardware will boost the Network Security Cameras market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology Type, the sub-segment i.e. Analog CCTV Camera will boost the Network Security Cameras market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth in The Speed the Internet Connectivity Along with Technological Advancement in Networking Equipment in Emerging Economies, The emergence of Thermal Cameras and Increasing Adoption of Wireless Point-to-Multipoint Connectivity for Easy Data Transmission to Remote Locations
Market Growth Drivers:
Emergence of wireless IP surveillance, Increased adoption in commercial buildings and Rapid adoption of IoT in video surveillance
Challenges:
Lack of Network Infrastructure and Connectivity in Remote Locations
Restraints:
High Cost and Intricacies Involved in Developments of Network Security Cameras
Opportunities:
The factors such as rising social media influence on day-to-day life, technological advancements such as nigh vision, motion & heat detection, and two way talk and significant demand for residential security cameras are driving the market growth
Market Leaders and their expansionary development strategies
In February 14, 2023 – Hikvision announces a collaboration with Evercam, a construction time-lapse and project management software developer, to provide a joint solution that can help construction companies optimize performance and minimize risk on their large projects.
In March 2023, Teledyne FLIR, part of Teledyne Technologies Incorporated, today announced it will be exhibiting at the ISC West trade show from March 29-31, 2023 at the Venetian Expo in booth 34061, where it will be showcasing its new cameras and multilayered security solutions. FLIR is expanding its broad portfolio of visible cameras by launching its first family of visible security cameras with artificial intelligence (AI), the FLIR Quasar™ Premium Mini-Dome AI, which is making its debut at ISC West.
As government agencies increasingly turn to technologies such as CCTV as a tool for law enforcement and public safety, the need for policies to protect privacy and civil liberties grows stronger. The legislation of a country may include laws that apply explicitly to video surveillance systems. The laws could be related to overt video surveillance systems or could cover covert systems as well which are normally used by security agencies or detectives in an investigation. Depending upon the video surveillance
Key Target Audience
Component and hardware providers, Software providers, Raw material vendors, System integrators, Video surveillance system manufacturers, Service providers, Original equipment manufacturers and Others
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.