IP Camera Market Size Is Projected To Reach USD 32.63 Billion By 2030

 San Francisco, 25 July 2023: The Report IP Camera Market Size, Share & Trends Analysis Report By Component (Hardware, Services), By Product Type, By Connection Type, By Application, By Region, And Segment Forecasts, 2022 - 2030

The global IP camera market size is expected to reach USD 32.63 billion by 2030, growing at a CAGR of 14.1% over the forecast period, according to a new study conducted by Grand View Research, Inc. The demand for internet protocol (IP)-based camera systems increases due to the constant development of infrared cameras and the adoption of IoT in video surveillance. With an increasing number of home burglaries and squatting, residential security is one of the top concerns of homeowners. The rising smartphone user base and the availability of installment-based security solution subscriptions promise robust growth in the residential market.

Home security concerns are growing along with the connected ability to alert security services, and the comparatively low cost of home security continues to impact the market's growth positively. These cameras help users respond immediately to any incursions inside buildings, abandonment of suspicious materials, and loitering & trespassing by persons and vehicles, as it also has built-in video intelligence.

IP cameras protect personnel, property, or information as they are employed in various organizations. These are also widely deployed in commercial and residential properties. The spread of COVID-19 globally continues to have a significant impact on the electronics industry as well, resulting in changes in consumer preference over time. The changes in preferences, disposable income, and purchasing habits have added volatility in the global economy. This has led to uncertainty on the demand side in the internet protocol camera market.

Asia Pacific is anticipated to dominate the global market in 2021 due to increasing awareness and adoption rate of network cameras. The impact of government legislation and investments also continues to boost the market growth in the region. There are several significant components provider in the area which dominates globally. For instance, in 2019, the Chinese police started the installation of new surveillance technology that helps the local authority identify potential suspects by their body language, and demeanor. The technology used by the Chinese police identifies individuals based on their body shape and movement from around a 50-meter distance. Government officials use advanced technology such as AI-based security solutions that help them improve their surveillance operations.

Access Research Report of IP Camera Market @ https://www.grandviewresearch.com/industry-analysis/ip-camera-market-report

IP Camera Market Report Highlights 

• The hardware component has the largest market share in the IP camera industry owing to the technological advancements that make the surveillance camera programmable to features such as zooming in on scam items to identify harmful equipment
• The infrared camera type of product is expected to address the highest market revenue by the end of 2030
• The distributed connection type is anticipated to attain a higher CAGR during the forecast period due to its several benefits. This system has the data dispersed throughout, usually close to where it is produced or used
• North America is the leading region in the IP camera industry as there is a rising demand for complex workplace surveillance systems and modest installation, which simultaneously fuels demand for the IP camera industry

IP Camera Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 11,359.1 million
Revenue forecast in 2030	USD 32.63 billion
Growth rate	CAGR of 14.1% from 2022 to 2030
Base year for estimation	2021
Historical data	2018 - 2020
Forecast period	2022 - 2030

List of Key Players in the Internet Protocol (IP) Camera Market

• 3DEYE Inc.
• Arecont Vision Costar LLC
• Avigilon Corporation
• Belkin International Inc.
• Bosch Security Systems GmbH
• CAMERAFTP
• CAMCLOUD
• D-Link Corporation
• EOS Digital Services
• GEOVISION Inc.
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Honeywell International Inc.
• Johnson Controls
• Kintronics Inc.
• Matrix Comsec
• Panasonic Corporation
• Pro-Vigil
• Samsung Electronics Co. Ltd.
• Schneider Electric SE
• Sony Corporation
• Stealth Monitoring
• TYCO
• Vivotek Inc.

Access Press Release of IP Camera Market @ https://www.grandviewresearch.com/press-release/global-ip-camera-market