IP Camera Market SWOT Analysis, Top Companies, and Competitive Strategies, 2018 - 2023
The key driving factors of IP cameras industry include good-quality image resolution, easy installation feature, high demand for remote monitoring, proliferation of technology, ease of internet connectivity, and advancements in technology.
(firmenpresse) - Global IP Camera Market is anticipated to grow significantly in the forecast period due to increase in security issues. IP (Internet Protocol) camera is a digital video camera used for surveillance. It sends and receives data with internet connection just like other standard network device like laptop, printer, and tablet. IP cameras offer digital storage, better video resolution, flexibility to any additional camera, and enhanced control features.
The key driving factors of IP cameras industry include good-quality image resolution, easy installation feature, high demand for remote monitoring, proliferation of technology, ease of internet connectivity, and advancements in technology like edge-based, penetration of high efficiency video coding (aka H.265), and 4K resolution. However, high cost of installation and maintenance and privacy issues are impeding the internet protocol (IP) camera market.
Integration of solutions like HVAC management, remote monitoring, and access control to IP cameras other than video surveillance are predicted to offer opportunities to the market. Nonetheless, high bargaining power of consumers and focus on high-quality products at low prices are challenging the IP camera industry.
IP cameras market is categorized on the basis of product type, connection, application, and geography. On the basis of product type, the market is divided into PTZ (dome), fixed (ball, box, bullet, fisheye, dome), and infrared products. All the cameras can be further classified into centralized and decentralized systems. Among all, PTZ (dome) segment leads the market due to its reducing prices and improved viewing angles as compared to fixed cameras.
Based on connection, IP camera industry is split into centralized and decentralized. Centralized systems ensure the safety of the video footage even if the IP camera is destroyed. Despite this feature of the centralized systems, decentralized systems are expected to hold significant share of the market in future since they do not need additional investment for high capacity servers. Additionally, recording at the edge, zero bandwidth consumption, remote accessibility, and high resolution scalability are other features of decentralized systems. Hard disk, flash drives, and (NAS) Network Attached Storage is the most commonly used digital storage media for decentralized IP (Internet Protocol) cameras.
In terms of application, IP camera market is bifurcated into manufacturing and factory settings, residential, public & government infrastructure, and commercial. Residential applications of IP cameras comprise outdoor and indoor monitoring and smart homes. Hence, residential segment is predicted to hold larger share of the market owing to high demand from smart homes and outdoor monitoring in apartment systems.
Geographically, internet protocol (IP) camera industry is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is projected to dominate the market owing to the presence of large number of vendors, high demand for enhanced workplace surveillance, and rise in demand for smaller installations.
The key players in IP cameras market include Axis Communications, Avigilon, GeoVision, Dahua, Mobotix, Hikvision, Toshiba, Panasonic, Sony, Pelco by Schneider Electric, NetGeat, Samsung, Honeywell, Bosch Security Systems, Belkin, Vivotek, Apexis, Arecont Vision, GOSCAM, D-Link, Juanvision, and Wanscam.
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