Market Research Future Published a Half-Cooked Research Report on IP Video Surveillance Market Research Report.
MRFR recognizes the following companies as the key players in the global IP Video Surveillance market— Microsemi Corporation, Bosch Security Systems Inc, Netgear Inc, Cisco Systems Inc, Avigilon Corporation, Panasonic System Networks Co. Ltd, Genetec Inc, Axis Communications, D-Link Corporation Incorporated, The Infinova Group.
Market Highlights
The global IP Video Surveillance market is accounted to register a CAGR of 12.12% during the forecast period and is estimated to reach USD 80.94 Billion by 2030.
The IP Video Surveillance Market encompasses the industry of network-based video surveillance systems that utilize Internet Protocol (IP) technology for transmitting and recording video data. These systems offer advanced features like remote access, high-resolution video, analytics, and scalability, making them widely used for security and surveillance purposes in various sectors, such as commercial, industrial, and residential applications.
Segment Analysis
The global IP Video Surveillance market has been segmented based on Types, Specification and End-User.
On the basis of Types, the market is segmented into Analog surveillance, IP/ Network surveillance, Encoder/ Decoder, and Video Analytics. In 2022, the IP/Network surveillance segment will account for the majority of income from IP video surveillance. Since IP systems include cutting-edge features like remote viewing, video analytics, and storage capabilities, they are increasingly preferred to conventional analogue surveillance systems.
Based on Specification, the global IP Video Surveillance market has been segmented into Outdoor/ Indoor, PTZ Form, Factor Megapixel, and ONVIF Complaint. In 2022, the PTZ Form segment dominated the industry. PTZ cameras are very flexible and offer remote control of the camera's pan, tilt, and zoom functions, enabling accurate and effective surveillance coverage.
Based on End User, the global IP Video Surveillance market has been segmented into ​​​​​​​Banking & Financial, Government & Transportation, Retail and Logistics, Commercial Offices, Industrial and Manufacturing, Residential, Hospitality and Healthcare, and Educational Institutions. During the forecast period, 2023-2030, it is anticipated that the Government & Transportation category would grow more quickly than any other. In the public sector, IP video surveillance is used for a number of objectives, such as border control, critical infrastructure security, and public safety.
Regional Analysis
The global IP Video Surveillance market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe IP Video Surveillance market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The IP Video Surveillance market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World IP Video Surveillance market comprises of Middle East, Africa, and Latin America.
The analysis offers market insights for each region separately, including North America, Europe, Asia-Pacific, and the Rest of the World. Video surveillance systems were starting to spread throughout the Asia Pacific region, especially in countries like India. The market value is predicted to expand significantly for the projection year since India is home to some of the top market players in the world and because the terrorist incidents in the region have spurred demand for intelligent video surveillance systems. In addition, Canon India, one of the leading brands in the market, has unveiled a new line of IP cameras with sophisticated video analytics and other alluring features. These factors are accelerating the market's expansion across India.
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Key Findings of the Study