IP Camera Market Overview
The
IP Camera Market size was valued
$7 billion in 2018, and the demand is estimated to grow at a
CAGR of 16% during the forecast period 2019-2025. Increasing number of commercial buildings and small and medium enterprises are strengthening the deployment of IP
cameras in these sectors, owing to security and surveillance applications.
IP Camera Market Report Coverage
The report: “IP Camera Market – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the IP Camera Market.
By Pixel Type: Less than 1.0 MP,1.1 - 3.0 MP,3.1 - 5 MP, More than 5 MP.
By Direction type: Omnidirectional, Unidirectional.
By Use type: Indoor, Outdoor.
By Type: Infrared, Box, Dome, PTZ, Bullet, Others.
By Peripheral hardware: Tripod, Monitor, Capture devices, Illuminators, Encoder, Server, Storage, Others.
By Application: Smart City, Commercial, Residential, Others.
By Cloud Deployment: Private cloud, Public cloud, Hybrid.
By Software & Services: Software ,Video Surveillance as a Service (VAAS).
By Sales channel: Dealers, Retailers, Direct Sales, Online Sale.
By Storage type: DVR, NVR, VMS, Expansion Storage, Others.
By Geography: North America, South America, Europe, APAC, RoW.
Key Takeaways
- The adoption of surveillance cameras for security in BFSI buildings, electric grids, malls, metro stations and others has raised the requirement for IP cameras in such infrastructure.
- The construction segment in the IP camera market is anticipated to grow at a CAGR of 15.71% during the forecast period.
- In February 2018, Arlo Technologies, Inc. declared its partnership with Eagle Eye Networks with plans to launch a unique commercial video surveillance technology that support wired and wireless IP security devices.
IP Camera Market Segment Analysis - By Pixel
3.1 to 5.0 megapixels segment generated a revenue of $4.3 billion in 2018, and is projected to grow with a CAGR of 15% during the forecast period. This category supports H.264 Zip+ technology, which reduces the bandwidth and increases around 50% of storage space, making it suitable for indoor and outdoor applications such as in governmental infrastructure, offices, educational facilities and retail stores for Point of Sale (POS) monitoring. The fastest growing segment will be More than 5.0 MP, and projected to grow with a CAGR of 19% during the forecast period.
IP Camera Market Segment Analysis - By Direction
The use of omnidirectional camera has been increasing in robotics, due to their wide field of view. Due to development in cloud services and networking technology, IP omnidirectional cameras are becoming affordable for some major segments in video surveillance market. Omnidirectional segment is projected to grow at 17% CAGR during the forecast period.
IP Camera Market Segment Analysis - By Use type
The application of IP cameras in outdoor applications is continuously increasing in response to increased safety monitoring in public places. Due to harsh and extreme temperatures, thermal or infrared cameras which have great stability are gaining popularity. . Outdoor segment is forecast to grow at 16.89% CAGR during the forecast period.
IP Camera Market Segment Analysis - By Type
Infrared IP cameras are vital for industries such as food inspection, medical imaging, and others where thermal data management is critical. The World Bank’s 2018 study highlights that the unsafe food costs low-and middle-income economies about $110 billion in lost productivity and medical expanses every year. To reduce some proportion of this cost, preventative measures such as usage of infrared IP camera will play a major role. Infrared IP Camera market was valued $1.2 billion in 2018 and is projected to grow at 18% CAGR during the forecast period.
IP Camera Market Segment Analysis - By Peripheral Hardware
Majorly, IP camera manufacturers integrate SD and microSD storage in their camera products as these storage sources are cheap and reliable. Moreover, cloud storage such as Dropbox, iCloud, and Google drive are also increasingly being used as storage systems for IP Camera via internet. The IP camera market value for the storage segment is estimated to be $1.1 billion for 2018, and forecast to grow at a CAGR of 18.24% during the forecast period.
IP Camera Market Segment Analysis - By Software & Services
Software is the primary revenue generating segment of the IP Camera market, owing to increasing adoption of such cameras in video management applications. Increasing need for security and threat identification has been stimulating the market growth of Video Content Analysis (VCA) software for security and monitoring applications. The VCA market was valued as $515.4 min 2018, which is projected to grow at 19% CAGR during the forecast period.
IP Camera Market Segment Analysis - By Application
The rapidly growing population which is projected to be 8.6 billion by 2030 by the United Nations, will enable real-estate industry to observe a disruptive growth. The Commercial constructions such as office and retail buildings are growing in countries like the U.S. and India. Thus, it will increase the usage of IP Cameras for security applications in commercial sector over the forecast period, the commercial application IP camera market was estimated to be $4,254.3 million in 2018.
IP Camera Market Segment Analysis - By Cloud Deployment
Cloud base is growing rapidly providing easy access of information and quick deployment of infrastructure. IP camera based on cloud deployment is classified into public cloud, private cloud and hybrid. Public clouds utilize shared infrastructure and are suitable for handling insensitive information. Availability, reliability, pay for usage, and freedom of self-service are the features supporting the market growth. The public cloud market is projected to grow at 18.46% CAGR, during the forecast period.
IP Camera Market Segment Analysis - By Video format
High Definition Transport Video Interface (HD-TVI) is the latest video transmission technology over coax technologies which support up to 1080p video resolution. The technology was officially released at the end of 2014, and is estimated to account for $2,621.7 million for 2018 growing at a CAGR of 18.54% during the forecast period.
IP Camera Market Segment Analysis - By Sales Channel
The IP camera market with respect to dealer sales channel is anticipated to grow by 17.21% CAGR, during the forecast period. Dealers grant special exchange offers related to low transaction cost and fast trade execution that include simple and easy trading mechanism, skipping the role of brokers and thus, avoiding extra cost.
IP Camera Market Segment Analysis - By Storage Type
The IP cameras market for digital video recorder (DVR) accounted $3.9 billion in 2018 and anticipated to grow at a CAGR of 17.41% during the forecast period. The growth is attributed to benefit delivered by DVRs, such as, it provides more convenience of remote access by video server that links existing IP cameras to the IP network, enabling easy monitoring of public sites.
IP Camera Market Segment Analysis - By Geography
North America is the leading region in IP Camera Market, where the U.S. is the major contributor, owing to increased demand for small installations and advanced workplace surveillance, which simultaneously drives demand for the IP camera market. According to the report by BuiltWorlds Inc., 50% of all constructions in the U.S. from 2019 to 2023 are expected to occur in just 20 cities. From those cities, New York, Los Angeles, Dallas, Houston and Washington, are expected to generate higher demand for IP cameras.
IP Camera Market Drivers
Growth in the Real Estate
The U.N. has projected that world population will grow rapidly to 8.6 billion by 2030, which will lead to disruptive growth in the real-estate industry. Hence, real-estate industry growth will boost the IP camera market to aid in security & surveillance applications. Statistics Canada’s third-quarter report of 2018 on national wealth released that the total national wealth accounted $11.415 trillion in the third quarter, and at $8.752 trillion, real estate made up a 76% share. That was the highest that both figures had been, going back to the second quarter of 2007.
Stringent Government Regulations
The IP camera market is positively influenced by the government regulations. Governments in the Middle East region are highly concerned regarding safety and security of public and private infrastructure. IP-based surveillance systems have already been deployed in Dubai, Abu Dhabi, and other Gulf nations. Surveillance systems have undergone drastic transformations, owing to real-time video analytics. Highway surveillance has benefitted from evolution of IP cameras. Government regulations are also embracing technologies for enhancing safety and security, and the infrastructure.
IP Camera Market Challenges
Data Privacy
Transferring data over the internet, increase the chances of data exposure to remote attacks, thus, IP Cameras market is facing a major challenge of security breach that involve transferring of sensitive data.
Internet penetration and speed
Less Internet penetration and inadequate Internet speed is also an issue that can pose hurdles in the growth of the IP Camera market in many under developed and developing countries. Good internet connection, reliability and adequate Internet speed is the primary factor considered while incorporating IP Cameras.
Market Landscape
Companies operating in the IP Camera Market are focusing more on product launches which accounted for 77% of the total developments during 2016-2018. The major players in the IP Camera Market include Avigilon Corporation, Axis communication AB, Bosch Security Systems Inc., Honeywell International Inc., Flir Systems, Hanzhou Hikvision Digital Technology Co., Ltd., and others.
Partnerships/Mergers/Acquisitions
In November 2016, Bosch Security Systems partnered with Sony Corporation for marketing video security solutions. This partnership will leverage Bosch’s expertise in video analytics and Sony’s indubitable finesse in the camera technology.
R&D Investments/Funding
In 2018, CP Plus, a security and surveillance solutions provider, raised funding of around $100m. This funding has helped CP Plus to manufacture and sell products such as CCTV cameras, high-definition IP video surveillance cameras, mobile DVRs, home automation solutions, accessories and customized enterprise level security systems.
In 2018, California-based startup Owl launched a connected car security camera, and raised funding of $18m to further power its security camera business.
IP Camera Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the IP camera market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of IP cameras, and their specific applications in the smart city, commercial, security and surveillance sectors.
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