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 l