Security Cameras Market Size & Share 2022 | North America, Europe, & APAC Industry Forecasts 2030: Emergen Research

Security Cameras Market

The global security cameras market size was USD 6.40 Billion in 2021 and is expected to register a revenue CAGR of 18.7% during the forecast period, according to latest analysis by Emergen Research. Security cameras market revenue growth is primarily driven by factors such as increased government spending on security systems and integration of IoT in wireless security cameras. In addition, increasing number of security cameras is growing globally so that governments can monitor their population. Deployment of millions of surveillance cameras in cities across continents, however, is causing worry among individuals who believe that their privacy is being compromised.

Rising demand for intelligent video surveillance in public places, commercial buildings, public transit, and other locations, as well as rise of Internet of Things (IoT), is expected to accelerate integration of security cameras. CCTV systems provide humans with a clearer picture of security situation to reduce unwanted incidents. However, CCTV cameras have the ability to show and capture video footage, which are powerless to intervene because they cannot grasp what they are seeing. In addition, Internet of Things (IoT) technology connects network-enabled cameras to additional equipment and software to transform security surveillance into intelligent security and safety management. Video surveillance systems will no longer merely provide footage that must be monitored on a regular basis by people. There are presently machines that can gather and analyze video data at the same time, providing security administrators with significant insights rather than a single piece of information.

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IoT technology would improve overall security and security-related processes across a variety of domains and sectors by allowing for a quicker and more insightful reaction to any incidence. Future security surveillance fundamentally integrates three game-changing technologies, computer vision, automation, and deep learning, powered by robust CPUs and apps on IoT cameras. During COVID-19 pandemic scenario, thermal cameras were an optimal method for fever detection. One can eliminate hazards associated with direct physical contact for temperature recording and safeguard safety of employees. To maximize effectiveness of any security system, CCTV cameras are equipped with cutting-edge AI & body temperature measurement technologies.

Target Audience of the Global Security Cameras Market Report:

Key Market Players

Investors

Venture capitalists

Small- and medium-sized and large enterprises

Third-party knowledge providers

Value-Added Resellers (VARs)

Global market producers, distributors, traders, and suppliers

Research organizations, consulting companies, and various alliances interested in this sector

Government bodies, independent regulatory authorities, and policymakers

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Some Key Highlights From the Report

The IP-based system segment accounted for a significant revenue share in 2021. An IP camera, or an Internet protocol camera, is a form of digital security camera that collects and transmits video data via an IP network, which is frequently employed in surveillance. IP cameras, with analog Closed-Circuit Television (CCTV) cameras, require only a local network and no local recording hardware. IP cameras access network in same manner as computers and telephones. Based on camera model, an IP camera can capture high-definition video with a resolution of up to 16 megapixels. Each IP camera is fitted with a processing chip that compresses recorded video while it is being captured.

The outdoor segment accounted for a significant revenue share in 2021. Outdoor surveillance cameras are a great way to protect families and property. Customers have a variety of alternatives available to them when it comes to adding to an existing surveillance system or finding affordable home security systems. Video quality of many security camera solutions in the market is constantly increasing.

The city infrastructure segment accounted for a significant revenue share in 2021. When implementing a smart city project, crime prevention and response is one of the primary drivers, providing authorities to real-time surveillance that can detect and recognize incidents and manage them as they occur.

The North America market accounted for a moderate revenue share in 2021 due to increasing use of IoT in smart homes. Consumers are replacing traditional mountable Wi-Fi cameras with smart security cameras to improve the security of their properties. Many homes area have installed advanced smart security cameras because of their ease of installation and widespread availability. Increasing consumer awareness about issues of personal safety opens up new opportunities for security cameras.

Major Geographies Analyzed in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Competitive Outlook:

The global Security Cameras market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Security Cameras market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Leading manufacturers profiled in the report:

Vivint, Inc., ADT, SimpliSafe, Inc., Brinks Home, Skylinkhome, SAMSUNG, Frontpoint Security Solutions, LLC, Arlo, Cisco Systems, Inc., Dahua Technology USA Inc., Honeywell International Inc., and Panasonic Corporation.

Market Overview:

The report bifurcates the Security Cameras market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

  • System Type Outlook (Revenue, USD Billion; 2019-2030)

    • Analog System
    • IP based Systems
  • Camera Resolution Outlook (Revenue, USD Billion; 2019-2030)

    • Non-HD
    • Full HD
    • Ultra HD
  • Type Outlook (Revenue, USD Billion; 2019-2030)

    • Indoor
    • Outdoor

Additional information offered by the report:

Along with a complete overview of the global Security Cameras market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.

The report elaborates on the global Security Cameras market size and share governed by the major geographies.

It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.

It further presents a detailed description of the company profiles of the key market contenders.

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