The Internet Protocol (IP) Camera Market is being driven by Increasing demand for video surveillance systems
The Internet Protocol (IP) Camera Market is expected to grow at a CAGR of 30% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 36621.5 million. The global IP camera market is witnessing a significant trend towards the adoption of 5G-enabled cameras. These advanced devices transmit audio and video signals over 5th-generation wireless networks, which are gradually being deployed in various countries. Currently, only a select few 5G IP cameras are available in the market. However, as these cameras gain traction, consumers can anticipate faster, higher quality video transmission, along with wider integrations and applications. With the ease of checking in on the go offered by the latest IP camera technology, it is highly probable that 5G cameras and mobile applications will become increasingly effective and user-friendly.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
216 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 30% |
Market growth 2025-2029 |
USD 36621.5 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
22.6 |
Key countries |
US, Germany, Canada, China, UK, Japan, France, India, Italy, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The IP Camera Market encompasses various features including frame rate, mobile app support, remote access, two-way audio, alarm systems, Power over Ethernet (PoE), multi-camera systems, thermal and infrared cameras, 360-degree views, fisheye lenses, image stitching, video recording, event logging, security protocols, access control, user management, role-based access, data storage, data retention, data backup, cybersecurity threats, vulnerability management, data breaches, and compliance standards. These features ensure high-quality surveillance with enhanced security and convenience.
The global electronic equipment and instruments market encompasses manufacturers of IP cameras, network cameras, surveillance cameras, CCTV cameras, and security cameras, falling under the communications equipment and technology hardware category. According to Technavio's market analysis, the market's growth is primarily driven by the escalating demand for electronic test and measurement equipment. This demand is fueled by technological advancements and digital transformation in various sectors such as semiconductors, automotive, IT, consumer electronics, industrial, energy, and medical devices. The IP camera segment, specifically, is poised for significant growth due to the increasing adoption of video surveillance systems for home security and business applications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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