NEW YORK, April 16, 2021 /PRNewswire/ --
The Internet Protocol (IP) camera market is expected to grow by USD 19.03 billion, progressing at a CAGR of almost 18% during the forecast period.
NEW YORK, April 16, 2021 /PRNewswire/ --
The Internet Protocol (IP) camera market is expected to grow by USD 19.03 billion, progressing at a CAGR of almost 18% during the forecast period.
The growth of video analytics is one of the major factors propelling the market growth. However, the high cost of installation of IP cameras might challenge market growth.
Internet Protocol (IP) Camera Market: Connectivity Landscape
Based on connectivity, the market witnessed maximum growth in the centralized IP camera arrangement segment in 2020. The segment is driven by the benefits of centralized IP cameras over decentralized ones, such as more storage capacity and a centralized storage system. The market growth in the centralized IP camera arrangement segment will be significant over the forecast period.
Internet Protocol (IP) Camera Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 39% of the market's overall growth is expected to originate from North America. Factors such as rising investments in smart city projects, the growth of the retail sector, increasing penetration of smart homes, growing disposable income of households, and increasing theft of property and motor vehicles will be crucial in driving the growth of the market in North America.
The US and Canada are the key markets for IP cameras in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Connectivity
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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