IP Camera Market Will Grow at a Healthy CAGR by 2025

IP Camera Market Will Grow at a Healthy CAGR by 2025

A detailed analysis of the IP camera market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.

Digisol’s latest product launch is an apt instance demonstrating the phenomenal growth of IP camera market share. The 100%-owned company of Smartlink Network Systems just released its new Dome IP Camera with an Audio and SD card slot. This camera has been designed to be used in office and home security and other monitoring applications, as it offers highly effective surveillance solutions – much better than its conventional analogue CCTV units.

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The rationale for the security industry to gradually shift from analog to IP cameras is to ensure the security of larger facilities. Owing to the limitations faced by coaxial cables, the cost of installation of analogue cameras is dramatically higher when the facility to be secured is spread over a larger area – say, schools, universities, military bases, museums or corporate campuses. In this regard, IP camera market trends have gained commendable prominence, since the product eliminates the need of proprietary networks that were a mandate for analogue cameras. In fact, a study estimates that the cost of large-scale surveillance project installations can be brought down by $1000 to $4000 by using IP cameras over analog transmission systems.

IP camera market is expected to witness an appreciable growth rate from the residential sector. Continuous innovations in these products along the lines of facial recognition, intrusion alert, motion, and object detection will drive market size from smart home applications. Indeed, the smart home industry has been advancing at a phenomenal rate, bringing about a plethora of avenues for industry players.

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The widespread penetration of IP camera market is rather evident from the fact that these products are lately being used for baby and pet monitoring. IP cameras with integrated IoT system can be used not only for monitoring but also for communicating with babies/kids using the pan, tilt and zoom, and two-way audio features. Indeed, some pet cameras come in with a push button that enables pets to schedule a call with their owners.

As technology continues to advance, IP cameras are expected to become more affordable in the ensuing years, with increased competitiveness. With security issues becoming a global matter of concern, the deployment of high-quality surveillance systems is becoming more pivotal than ever. On these grounds, it would be apt to state that the growth prospects of IP camera market seem to be rather lucrative. Indeed, the advantages that IP cameras possess over traditional CCTV cameras will enable this business sphere to exceed a valuation of $20 billion by 2025.

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