The global network camera market was valued at over USD 10 billion in 2016 and is expected to surpass USD 61 billion by 2021, says Technavio.
Technavio has announced its latest market analysis on the global network camera market to its enterprise application portfolio. This research report discusses the primary drivers and key emerging trends and offers a breakdown of leading vendors like Axis Communications, Bosch Security Systems, Hikvision Digital Technology, Honeywell Security, and Tyco International.
According to Amrita Choudhury, a lead analyst for enterprise application research at Technavio, “The low cost of ownership of IP cameras is encouraging enterprises to shift from analog cameras in the network camera market. These devices are flexible, scalable, can be easily installed, and have low maintenance costs. Furthermore, these cameras are designed to adapt to the changing needs of the consumers and can easily integrate with existing security devices.”
IP cameras provide high-quality images and have inbuilt servers or encoders that ensure multi-level user access control, image encryption, and aid in preventing third-party manipulation. These devices are a cost-effective solution that provides coverage for large areas and is used in facilities, such as city surveillance projects, stadiums, city surveillance projects, and hotels.
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Emergence of thermal cameras
Thermal cameras use infrared radiations to capture images and are heat and water-resistant. These devices are ideal for monitoring large-scale or unique outdoor environments, such as heavily forested areas, that have obstructions which make viewing difficult. These cameras are sensitive to movements irrespective of the lighting conditions as this technology does not depend on an external source of light. Vendors offering a wide range of thermal security cameras will drive the growth of this segment in the network camera market.
Emergence of IoT in video surveillance
Wireless video surveillance uses IoT to capture videos and transfer images through a wireless network to other devices, like sensors, for immediate response. The ability of remote monitoring with the added advantages of easy storage and the flexibility to install more video surveillance components, will increase the adoption of these devices in the global market. The increasing installation of these surveillance cameras in energy plant management, waste management, water management, and traffic control will fuel market growth over the next four years.
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This industry research report includes a detailed study of market shares and sizes of the segments and geography. An analysis of the major companies, including their business overview, market shares, key financials, etc. is provided in this study. This market study also provides a comprehensive analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Network Camera Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Underwater Camera Market 2017-2021
- Global Action Camera Market 2016-2020
- Global Secure Digital Card Market 2016-2020
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