- The key vendors in the global smart camera market 2015-2019 are Canon Inc., Nikon Corp., Panasonic Corp., Samsung Group, and Sony Corp.
London, 26 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global smart camera market 2015-2019. A key trend observed in this market is the availability of smart surveillance cameras in retail stores. These cameras have a smart vision sensor that can monitor a subject’s movements, which in turn provides key insights into customers’ buying behavior. The global smart camera market is expected to grow at a CAGR of 39.37% during the forecast period of 2014-2019.
Source: Technavio Research
Availability of advanced connectivity features in smart cameras is a major factor that is expected to drive market growth. Smart cameras have the ability to interact with PCs and smartphones remotely. This feature helps the user to avoid the hassle of physically connecting the camera to a desktop or removing the memory card to transfer media. Additionally, users can directly upload their pictures and videos to social media platforms like Facebook, Twitter, Instagram, and Dropbox by using the built-in connectivity and social media plug-ins.
“Smart cameras encourage the development of compact interchangeable lenses. Due to their small size, traditional interchangeable lenses will not be able to fit into these cameras. With the growing demand for smart cameras, the need for compatible lenses will grow,” says Faisal Ghaus, Vice President of Technavio Research.
“Shortly, users will require external lenses to capture images with different perspectives. Hence, the emergence of specific lenses for smart cameras is one of the trends that is present during the forecast period.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
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