The IP Camera Global Market Report 2023 by The Business Research Company, provides IP camera market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s IP Camera Global Market Report 2023, the global IP camera market size is expected to grow from $11.04 billion in 2022 to $12.65 billion in 2023 at a compound annual growth rate (CAGR) of 14.61%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global IP camera market size is expected to reach $21.59 billion in 2027 at a CAGR of 14.2%.
Increasing government initiatives in smart city projects are expected to propel the growth of the IP camera market going forward. Smart cities refer to an administrative territory that uses information and communication technology (ICT) to improve its operational efficiency and provide better infrastructural facilities to its residents. IP cameras are employed in smart cities to improve traffic management and urban mobility, making streets safer and more usable for all users, which has resulted in an increase in the demand for IP camera.
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The IP camera market is segmented:
1) By Product: Non-Mechanical Pan-Tilt-Zoom (PTZ) Camera, Pan-Tilt-Zoom (PTZ) Dome Camera, Fixed Cameras, Fixed Dome Cameras, Infrared Camera
2) By Component: Hardware, Services
3) By Connection: Centralized, Decentralized
4) By Application: Banking And Finance, Government, Commercial, Education
Technological advancements are a key trend gaining popularity in the IP camera market. Major companies operating in the IP camera market are focused on innovating new technologies to sustain their position in the market. For instance, in July 2022, Hangzhou Hikvision Digital Technology Co., Ltd., a China-based manufacturer of video surveillance equipment for civilian and military purposes, launched its new DeepinView bullet network cameras with TandemVu technology. These cameras provide simultaneous monitoring of broad vistas and minute details, retaining two viewpoints for better spatial awareness and security. DeepinView bullet cameras with TandemVu have two nearby bullet lenses. These lenses have distinct features, such as While the bottom motorized lens’s focal lengths of 10–50 mm (8A86) or 8–32 mm (8A46) are intended to check on specific security incidents in depth, the top fixed lens always provides the overall picture.
The IP camera market report table of contents includes:
1. Executive Summary
2. IP Camera Market Characteristics
3. IP Camera Market Trends And Strategies
4. IP Camera Market – Macro Economic Scenario
5. IP Camera Market Size And Growth
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26. Africa IP Camera Market
27. IP Camera Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IP Camera Market
29. IP Camera Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Hangzhou Hikvision Digital Technology Co. Ltd
- Honeywell International Inc
- Panasonic Holdings Corporation
- Samsung Electronics Co. Ltd
- Sony Corporation
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