The global security cameras market size was USD 6.40 Billion in 2021 and is expected to register a revenue CAGR of 18.7% during the forecast period, according to latest analysis by Emergen Research. Security cameras market revenue growth is primarily driven by factors such as increased government spending on security systems and integration of IoT in wireless security cameras. In addition, increasing number of security cameras is growing globally so that governments can monitor their population. Deployment of millions of surveillance cameras in cities across continents, however, is causing worry among individuals who believe that their privacy is being compromised.
Rising demand for intelligent video surveillance in public places, commercial buildings, public transit, and other locations, as well as rise of Internet of Things (IoT), is expected to accelerate integration of security cameras. CCTV systems provide humans with a clearer picture of security situation to reduce unwanted incidents. However, CCTV cameras have the ability to show and capture video footage, which are powerless to intervene because they cannot grasp what they are seeing. In addition, Internet of Things (IoT) technology connects network-enabled cameras to additional equipment and software to transform security surveillance into intelligent security and safety management.
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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Security Cameras market.
Furthermore, the report provides details about the new players entering the market, and entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key players involved:
Vivint, Inc., ADT, SimpliSafe, Inc., Brinks Home, Skylinkhome, SAMSUNG, Frontpoint Security Solutions, LLC, Arlo, Cisco Systems, Inc., Dahua Technology USA Inc., Honeywell International Inc., and Panasonic Corporation.
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Key Highlights From the Report
The IP-based system segment accounted for a significant revenue share in 2021. An IP camera, or an Internet protocol camera, is a form of digital security camera that collects and transmits video data via an IP network, which is frequently employed in surveillance. IP cameras, with analog Closed-Circuit Television (CCTV) cameras, require only a local network and no local recording hardware.
IP cameras access network in same manner as computers and telephones. Based on camera model, an IP camera can capture high-definition video with a resolution of up to 16 megapixels. Each IP camera is fitted with a processing chip that compresses recorded video while it is being captured.
The outdoor segment accounted for a significant revenue share in 2021. Outdoor surveillance cameras are a great way to protect families and property. Customers have a variety of alternatives available to them when it comes to adding to an existing surveillance system or finding affordable home security systems. Video quality of many security camera solutions in the market is constantly increasing.
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
Emergen Research has segmented the global security cameras market based on system type, camera resolution, type, application, and region:
System Type Outlook (Revenue, USD Billion; 2019-2030)
Analog System
IP based Systems
Camera Resolution Outlook (Revenue, USD Billion; 2019-2030)
Non-HD
Full HD
Ultra HD
Type Outlook (Revenue, USD Billion; 2019-2030)
Indoor
Outdoor
Application Outlook (Revenue, USD Billion; 2019-2030)
City Infrastructure
Commercial
Institutional
Others
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Table of Contents:
Chapter 1 includes an introduction of the global Security Cameras market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
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