The report titled “Global Network Camera Market 2017-2021” provides a detailed analysis of the current market scenario, key market drivers and challenges, prominent trends, offerings of key vendors, technology landscape, and their impact on competitive dynamics.
An elaborate analysis of the recent technological advancements help in gaining in-depth insight into the factors influencing the demand for network cameras across different end users. The report analyzes the impact of growth drivers and trends on emerging opportunities and the strategies adopted by market players to capitalize on them. The research study provides a detailed segmentation of the market and highlights the share and size of key segments in regions such as the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).
The global network camera market is primarily driven by the increased preference for Internet Protocol (IP) cameras over analog ones and the rising need for security across various sectors, particularly in the BFSI industry. The lower cost of ownership of IP cameras, premium quality images, easier maintenance, progressive scanning, two-way communication of images and videos, and real-time alerts are the crucial factors contributing to the extensive demand for IP cameras. Owing to these benefits, they are widely preferred in applications such as transportation facilities, city surveillance projects, and hotels for enhanced security.
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Wireless IP surveillance is fast emerging as a viable, affordable, and highly flexible solution in the global network camera market. The advanced technology gives users the unique advantage of connecting IP surveillance cameras to wireless point-to-multipoint connectivity, which facilitates easy data transmission to remote locations. The report highlights technological enhancements made by vendors that are expected to increase the adoption of network cameras in commercial buildings.
Lack of awareness among different end users about the introduction of advanced security solutions technologies and various integration issues with existing security solutions are likely to impede the growth of the network camera market to some extent. However, recent developments and technological advancements, such as the emergence of thermal cameras and the adoption of IoT in video surveillance, are expected to unlock exciting opportunities for market players.
The research study analyzes recent mergers and acquisitions made by key market players that will shape the competitive landscape in major regions. Global players are expanding their product portfolios in major regions to consolidate their market shares. Prominent players profiled in the report include Bosch Security Systems, Axis Communications, Honeywell Security, Hikvision Digital Technology, Tyco International, Cisco Systems, FLIR Systems, and Hanwha Techwin.
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