The growing usage of IoT in video surveillance, combined with the development of infrared cameras, is driving the global IP Camera market.

Covid-19 Impact & Market Status

COVID-19's worldwide spread has had a tremendous impact on the electronics sector thereby hampering the growth of global IP camera market. Changes in customer perceptions toward products and purchasing behaviour as a result of global economic volatility are projected to have an impact on the IP cameras market throughout the forecasted timeframe. Lockdowns have been imposed by governments around the world, affecting the majority of industrial players and forcing people to stay in their homes, reducing physical interaction between people. To ensure company continuity during the COVID-19 pandemic, most industry firms have let staff to work from home, which is expected to hinder IP camera market growth during the projection period.

This report investigates the financial status of the global IP camera market and each leading competitor in the global IP camera market. The report identifies the global IP camera market competitors, product portfolios, key products and services offered in the global IP camera market and those contributing majorly to growth of global IP camera market. The report determines the marketing mix of the company and identifies some if the extraordinary strategies implemented by market players to attract the customers across the world. The report analyzes the factors driving or impacting the global IP camera market in last few years especially 2018-2020 and presents forecast study.

The report studies the market with qualitative analysis. This qualitative nature of these methodologies helps in identifying the global IP camera market key issues, global IP camera market economic status, key products and service and their demand and supply side dynamics, and other facts of these global IP camera market are briefed in the report. The report recommends recovery solutions and strategies to be incorporated to accelerate global IP camera market performance and fortify global IP camera market.

BFSI Segment Experienced More Demand for IP Camera Boosting the Segment Growth

The market for IP camera in BFSI sector is growing due to rising demand for modern security technologies in BFSI facilities to ensure worker safety and security. The IP camera market is growing due to rising demand for enhanced security technologies in the banking and finance industry. It is vital that financial systems have effective security measures in place. CP PLUS provides advanced analytics solutions for a variety of banking applications, including ATMs, branch offices, data centres, lockers, and more. As banks install more connected cameras in their shrivel lance settings, security staff will find it increasingly challenging to keep up with the volume of data. The financial services industry is likewise accelerating its digital adoption, assisted by a greater government push and, as a result, the development of innovative technologies.

North America's Industrial And Commercial Sectors Witnessed Highest M&A Activity

In North America, the industrial and commercial sectors are always changing. Professional sales channels worldwide sold 98 Billion network surveillance cameras in 2017. Throughout 29 Billion HD CCTV surveillance cameras were sold through professional sales channels around the world.

In the transportation business, Asia-Pacific is the primary market for IP cameras that are used for damage prevention, general surveillance, and monitoring. China is rapidly adopting smart city trends, which will have a favourable impact on the IP camera industry; China is an important region to invest in if you want to build your IP camera business.

The IP camera market is expected to develop in the next years as a result of greater use of these cameras in commercial buildings, as well as increased demand for security in residential applications and the growing trend of smart homes. The home market is being driven by the growing number of smartphone users and the availability of appealing security system installment programmes. Remote video surveillance, intruder alarms, access control, and perimeter surveillance are all possible with these cameras. With the rise of fast-paced living in cities and an ageing global population, home surveillance has become a necessity for assuring comfort and safety.

From 2022 and 2029, the IP Camera Market is predicted to increase at a CAGR of 13.49 percent with a market value of USD 37.49 billion in 2029.

An IP camera, or Internet Protocol camera, is a type of digital video camera that uses an IP network to receive control input and send picture data. Although most IP cameras are webcams, the phrase "IP camera" or "netcam" refers to those that can be viewed directly over a network connection and are commonly employed for surveillance.

Modern security systems feature cameras that must process a large quantity of data and transform it into information in order to recognise threats and prevent them from becoming reality, thanks to enhanced video processing, motor control, and voice processing capabilities. Modern cameras have IP connectivity, either through wired Ethernet, IEEE 802.11 WiFi, or HDBaseT, and a large number of them must be compelled to be deployed in severe outdoor environments where energy efficiency is critical.

However, the IP camera market's growth may be hampered by high costs and privacy issues. Furthermore, the emergence of thermal cameras, IoT penetration, increasing video surveillance for providing highest security, increased adoption of IP cameras for commercial purposes is anticipated to be a growth opportunity to the global IP camera market.            

The major market players of IP Camera Market are Openeye, Honeywell Security,   D-Link, Arecont Vision, Juanvision, Apexis, Vivotek,, GeoVision, Mobotix, Panasonic, Tyco International, Bosch Security Systems, Sony, Hikvision Digital Technology, March Networks, Axis Communications, NetGear, Dahua Technology and others

Major Developments in IP Camera Market:

• In February 2018, Arlo Technologies, Inc. and Eagle Eye Networks announced their partnership, with the goal of developing a commercial video surveillance solution that supports both wireless IP security devices and wired devices.
• Xiaomi released the Xiaofang Smart IP Camera in May 2018, which can record four real-time situations at the same time. It also has features like Wi-Fi, night vision, virtual reality, and two-way voice support.
• In collaboration with Earth Eyes Corp., the Japanese telecom giant NTT East is developing an AI security camera that will revolutionise the IP camera market.
• The industry will grow due to improvements in memory device capabilities, such as server virtualization, decentralised storage solid-state drives (SSD), and adoption of the H.264 Advanced Video Coding standard. Users can see films and photos from anywhere in the world using any computer linked to the internet (WAN) or a local area network (LAN).
• Axis Communications launches an open-source video authentication project in December 2021, which assures the integrity of surveillance video and is integrated into the company's cameras. Axis has released a document that outlines a methodology for partners to use when implementing integrated video authentication solutions.
• Beginning in September 2021, Bosch's Intrusion Control Panels (B and G Series) will be compatible with LENSEC's Perspective Video Management Software (PVMS). Security operators will be able to control intrusion, fire, and access control systems, as well as watch video surveillance cameras, through a single pane of glass, thanks to this new partnership.

IP Camera Market Scope

Key Segments of Global IP Camera Market

Product Overview, 2022-2029 (USD Billion)

• Fixed
• PTZ
• Infrared

Application Overview, 2022-2029 (USD Billion)

• Home
• Smart Home
• Retail
• Healthcare
• Industrial
• BFSI
• Education
• Government
• Others

Regional Overview, 2022-2029 (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa