Published on : Feb 10, 2017
Albany, New York, February 10, 2017: In recent years, the continuous rise in the demand for better security systems in several sectors and the use of network-enabled cameras have become a necessity which is augmenting the growth of the market. A new report, focusing on the market of network cameras has been added to the wide offerings of Market Research Hub (MRH) research reports. This study is titled as “Global Network Camera Market 2017-2021”, provides a precise analysis of the market by covering its current scenario and growth prospects till the end of 2021. On the basis of geography, the report analyzes the market into some of the key regions including APAC, EMEA and the Americas.
Initially, the report estimates the market growth by analyzing above geographical regions. The base year considered in the report is 2016. Additionally, the report introduces the market highlights of network cameras along with its types. A network camera also called an IP camera, records images and sends the compressed versions over the network. These are the successor to the analog CCTV systems that have been widely used for decades, but instead of a dedicated network, they use the local IP network which provides internet access.
According to the research analysts, global network camera market is set to expand rapidly at an extreme CAGR of 43.25% during the forecast period of 2017 to 2021. One of the primary drivers for this market is the increase in the shift from analog to IP cameras because this differs from a web camera, which can only operate when it is connected to a personal computer. Numerous enterprises are shifting toward IP cameras because of its numerous advantages. Some of the great benefits include:
- They are relatively cost effective.
- Covers large area such as stadiums, hotels.
- They are highly used in surveillance systems.
In surveillance systems, it usually offers a browser interface so the camera can be remotely accessed and viewed over the internet. The report further states about one of the newest trends gaining power in the market, which is the emergence of wireless IP surveillance. This demand occurs due to the highly affordable and easily deployable technology. In terms of geography, the analysts have projected the Americas region to dominate the network camera market until 2021. The crucial factor responsible for the dominance is the increase in the budget on defense & security systems distribution in the US.
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Moreover, the report describes some of the major market trends, which includes:
- Increased adoption in commercial buildings
- Emergence of thermal cameras
- Emergence of IoT in video surveillance
The next section of the report provides a detailed competitive scenario of the market by highlighting the leading vendors in the market such as- Bosch Security Systems, Honeywell Security, Axis Communications, Tyco International, Hikvision Digital Technology and others.
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