The global internet protocol security camera market is anticipated to reach USD 33.06 billion by 2025. The increasing requirement of safety with the advancements in infrastructure and smart cities, residential and industrial complexes, along with the drive by Government and law enforcement agencies for increased security and surveillance is adding to the growth of the market. Also, the rising spending towards national security as a result of global collaborative support by countries including, the U.S., France, and Australia to counter terrorism is expected to promote the usage of video surveillance devices including internet protocol security cameras.
Working professionals prefer IP security camera as a key tool for the monitoring of senior citizens and infants using smartphones and personal computers. Technological advancements such as edge-based video analytics and H.265 high-efficiency video encoding with 4K resolution are expected to be the favorable enhancements making these cameras more appealing and useful.
The prevailing penetration rate of video surveillance devices in countries such as Germany, UK, and France are expected to be a favorable factor for the market. For instance, in a global survey conducted during 2017-2018 by UITP together with Axis Communications, among public transport organizations, which included public transport operators, public transport authorities and infrastructure managers revealed that around 95% of respondents either have video surveillance installed or plan to install in the following one year. On a global level, the number of analog cameras in the public transport network is decreasing on account of being replaced by digital security cameras.
The introduction of internet protocol security camera as a control system in home automation, Point of Sale (POS), and number-plate recognition applications are projected to open up new growth avenues in the near future. Furthermore, the advancements of key features such as improved sensor tracking, video analytics, and adoption of thermal imaging in IP video security cameras are expected to expand the market penetration in the near future.
Among the various types of internet protocol security camera, the demand for PTZ type of camera is expected to grow at a CAGR of more than 24.0% from 2017 to 2025. PTZ cameras are preferred for their advanced capabilities such as face recognition and high-efficiency video coding.
IP security cameras are expected to foresee volume growth at a CAGR of over 22.0% from 2017 to 2025. Over the coming years, growth in demand for IP security cameras is expected from developing countries such as China and India. Government and law enforcement agencies in these countries are giving emphasis on increased security and surveillance. To this end, IP security cameras are increasingly being deployed in commercial and public buildings, including government offices. The increased need to monitor crowd movement to detect any suspicious activity and to receive information in real-time for immediate action has added to the demand for effective surveillance systems including IP cameras. Also, the growth in infrastructure and building of smart cities will push growth in city surveillance projects over the coming years.
Some of the key manufacturers operating in the market include Bosch Security, Honeywell, Samsung Techwin, CP-Plus, Dahua Technology, and Axis Communications. Product innovation and the establishment of strategic business partnerships with distributors in developing economies such as China and India are expected to remain key strategies among the manufactures over the coming years.
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Hexa Research has segmented the Internet Protocol Security Camera market report based on connection, product type and region:-
Segmentation by Connection
Segmentation by Product Type
Segmentation by Region
• North America
• Asia Pacific
• Middle East & Africa
• Central & South America
Key countries analyzed
Key players analyzed
• Bosch Security
• Honeywell security
• Samsung Techwin
• Panasonic Security System
• Sony Professional
• Napco Security System
• Dahua Technology
• Johnson Controls
• Axis Communications