Digisol’s latest product launch is an apt instance demonstrating the phenomenal growth of IP camera market share. The 100%-owned company of Smartlink Network Systems just released its new Dome IP Camera with an Audio and SD card slot. This camera has been designed to be used in office and home security and other monitoring applications, as it offers highly effective surveillance solutions – much better than its conventional analogue CCTV units.
Endowed with better picture quality, video analytics and flexibility, IP cameras have been quickly taking over the mantle from traditional security and surveillance cameras. In consequence, IP camera market has been emerging as a ripe investment ground for shareholders.
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The growing number of thefts and home burglaries is encouraged the use of residential security cameras, which is supporting the developments in the vast IP market. Growing adoption of smart home solutions due to the increase in disposable income among the people in both developed as well as developing countries as well as the improving standards of living of the people has propelled the need for technologically updated IP cameras.
Evidently, the growth prospects of IP camera market from residential application is huge. The surging establishment of large residential skyscrapers as well as the construction of row houses and bungalows that are equipped with the latest technologies will support the demand for IP Cameras, driven by applications like intelligence building control, remote monitoring, access control, and surveillance system.
French smart devices manufacturer- Netatmo in the year 2017 launched a security camera equipped with a facial recognition feature that allows the camera to identify the members of the camera owner’s household and send customized updates to them on their arrival. This feature has gained popularity especially among parents who wish to know once the kids have arrived home safely.
Infrared cameras are used to record footage in low light conditions or at night. These are used in city surveillance and for traffic monitoring at night. The police authorities are using these advanced solutions to monitor the streets and to control the number of crimes and accidents. The camera manufacturers are developing technologically advanced solutions that are developed to meet the security requirements of the government.
The Singapore Police Department for instance has deployed high-tech network cameras to help them deal with crimes. In addition to the above, the government is aiming at installing more secured cameras to cover the multi-stored carparks along with 10,000 Housing and Development Board blocks across the nation.
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The government authorities in developing regions across the Asia Pacific are undertaking measures to improve the regional security infrastructure, paving the demand for IP cameras. A rise in Foreign Direct Investment in the construction industry in countries like India, South Korea, China, Japan, and Singapore, noticing the rise in tourism and favorable working conditions has propelled the development of skyscrapers and large advanced buildings.
Key players in IP camera market include March Networks, Canon Inc., Tyco International, Dahua Technology, and Hangzhou Hikvision Digital Technology Co. Ltd., to name a few.
Major Key Points from Table of Content:
Chapter 4 IP Camera Market, By Product
4.1 Key trends by product
4.2.1 Market estimates and forecast, 2014 – 2025
4.3.1 Market estimates and forecast, 2014 – 2025
4.4.1 Market estimates and forecast, 2014 – 2025
Chapter 5 IP Camera Market, By Connection
5.1 Key trends by connection
5.2.1 Market estimates and forecast, 2014 – 2025
5.3.1 Market estimates and forecast, 2014 – 2025
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