Asia-Pacific Dominates with Major Growth in the IP Camera MarketPosted by Venkatesh on August 24th, 2018 In the Report “IP Camera Market: By Pixel Type (Less than 1.0 Megapixel, 1.1-3.0 Megapixel & Others); By Application (Smart City, Commercial, Residential & Others); By Cloud Deployment (Private Cloud, Public Cloud & Others); By Software & Services (Software & Video Surveillance As A Services); – Forecast (2018-2023)”, published by IndustryARC, the market will be driven by increasing acceptability of IP surveillance camera in the construction and commercial verticals that include enterprise, retail stores, and financial buildings. Asia-Pacific Dominates with Major Growth in the IP Camera Market Asia-Pacific is the leading market holder for IP cameras used for general surveillance, monitoring and preventing vandalism and misconduct in transportation sector. The Asia-Pacific market is witnessed to grow at a fastest CAGR of 17.35% to reach value of 41.70 million by 2023. China is swiftly moving towards smart city trends which will positively impact the IP Camera Market; China is a major region to invest in order to expand the business of IP cameras. North America is the second leading market to grow at a CAGR of 15.88% to reach value of 28.2 million by 2023. New technology coupled with additional capabilities such as facial recognition, license plate recognition is helping the market to grow in the region of North America. Europe acquires the third largest market in the world, growing at a CAGR of 14.07% for forecast period of 2018-2023. Selected Pixel Type Analysis Done in the Full Report: The growth is primarily attributed to the increasing adoption of city surveillance camera and commercial building monitoring applications. Mega pixel cameras offer a resolution at least three times larger than that of an analog CCTV camera and presently, around 54% of IP Cameras share offered are megapixel. The IP Camera Market has pixel type segment, which is further distributed into less than 1.0 Megapixel, 1.1 to 3.0 Megapixel. 3.1 to 5.0 Megapixel and more than 5.0 Megapixel. Among all, 3.1 and 5.0 Megapixel dominates with a growing CAGR of 15.37% to reach value of 99.60 million by 2023. Functionality such as, H.264 Zip+ technology, reduces the bandwidth and increases around 50% storage space; it is probably gaining huge demand for high end use application such as airports and so on where there is a need for advanced security. Digital IP cameras having more than 5.0 Megapixel is the second leading market and is expected to grow at a highest CAGR of 19.22% to reach value of 29 million by 2023. Over 5.0 MP IP cameras are used in the advanced security locations, transportation, city surveillance and other large scale enterprises. Excerpts on Market Growth Factors
To access / purchase the full report browse the link below https://industryarc.com/Report/18577/ip-camera-market.html Key players of the IP Camera Market The key players within the video surveillance and physical security market are Axis Communication, Bosch Security Systems Inc., FLIR Systems, Inc., Avigilon Corporation and others. Axis Communications and Bosch Security Systems are the dominant players in IP Cameras market. Axis Communications has product with name Dome V and type dome camera, used for indoor purpose. Bosch Security Systems Inc., is known for its product IP 4000i IR, and segmented as type bullet camera used for outdoor purpose. FLIR Systems, Inc., is another leading company with its product FLIR PT-602CZ used in indoor & outdoor purpose. IP Camera Market Report is Segmented as Below:
What can you expect from the report?
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume) 2. Market trends & Relevant Market Data 12. Country level Analysis 3. Manufacturer Landscape 13. Competitor Analysis 4. Distributor Landscape 14. Market Shares Analysis 5. Pricing Analysis 15. Value Chain Analysis 6. Top 10 End user Analysis 16. Supply Chain Analysis 7. Product Benchmarking 17. Strategic Analysis 8. Product Developments 18. Current & Future Market Landscape Analysis 9. Mergers & Acquisition Analysis 19. Opportunity Analysis 10. Patent Analysis 20. Revenue and Volume Analysis
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