Internet Protocol (IP) Camera Market Size to Grow by $ 19.03 bn through 2021-2025
The internet protocol (IP) camera market is expected to grow by $ 19.03 bn, accelerating at a CAGR of almost 18% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Internet Protocol (IP) Camera Market: Segmentation by Connectivity
This report provides a detailed analysis of the market by Connectivity (Centralized IP camera arrangement and Decentralized IP camera arrangement) and Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equIP clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Internet Protocol (IP) Camera Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Axis Communications AB, CAMSTAR USA , Canon Inc., Cisco Systems Inc., Costar Technologies Inc., CP PLUS International, Digital Data Communications, D-Link Corp., Guangzhou Juan Intelligent Joint Stock Co. Ltd., and Hangzhou Hikvision Digital Technology Co. Ltd. are some of the major market particIPants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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The internet protocol (IP) camera market has the potential to grow by USD 19.03 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 17.50%.
This IP camera market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by connectivity (centralized IP camera arrangement and decentralized IP camera arrangement) and geography (North America, Europe, APAC, South America, and MEA).
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Internet Protocol (IP) Camera Market: Growing adoption of smart homes to drive growth
One of the primary factors that will trigger the growth of the Internet Protocol (IP) Camera Market size is the growing adoption of smart homes. The increasing number of thefts and burglaries in various countries has led to a rise in demand for security solutions, such as IP cameras, especially in the residential sector. The installation of IP cameras and smart motion sensors in residential properties enables homeowners to remotely monitor their homes. Smart homes use internet-connected devices for remote monitoring and management of appliances and systems through a smart home application on their smartphone or networked device. The rising adoption of smart homes will thus increase the demand for IP cameras as video surveillance and security are an integral part of these homes.
Internet Protocol (IP) Camera Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Axis Communications AB, CAMSTAR USA , Canon Inc., Cisco Systems Inc., Costar Technologies Inc., CP PLUS International, Digital Data Communications, D-Link Corp., Guangzhou Juan Intelligent Joint Stock Co. Ltd., and Hangzhou Hikvision Digital Technology Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
