IP Camera Market Size To Reach $32.63 Billion By 2030

IP Camera Market Growth & Trends

The global IP camera market size is expected to reach USD 32.63 billion by 2030, growing at a CAGR of 13.9% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The demand for internet protocol (IP)-based camera systems increases due to the constant development of infrared cameras and the adoption of IoT in video surveillance. With an increasing number of home burglaries and squatting, residential security is one of the top concerns of homeowners. The rising smartphone user base and the availability of installment-based security solution subscriptions promise robust growth in the residential market.

Home security concerns are growing along with the connected ability to alert security services, and the comparatively low cost of home security continues to impact the market's growth positively. These cameras help users respond immediately to any incursions inside buildings, abandonment of suspicious materials, and loitering & trespassing by persons and vehicles, as it also has built-in video intelligence.

IP cameras protect personnel, property, or information as they are employed in various organizations. These are also widely deployed in commercial and residential properties. The spread of COVID-19 globally continues to have a significant impact on the electronics industry as well, resulting in changes in consumer preference over time. The changes in preferences, disposable income, and purchasing habits have added volatility in the global economy. This has led to uncertainty on the demand side in the internet protocol camera market.

Asia Pacific is anticipated to dominate the global market in 2021 due to increasing awareness and adoption rate of network cameras. The impact of government legislation and investments also continues to boost the market growth in the region. There are several significant components provider in the area which dominates globally. For instance, in 2019, the Chinese police started the installation of new surveillance technology that helps the local authority identify potential suspects by their body language, and demeanor. The technology used by the Chinese police identifies individuals based on their body shape and movement from around a 50-meter distance. Government officials use advanced technology such as AI-based security solutions that help them improve their surveillance operations.

 Request a free sample copy or view report summary: IP Camera Market Report

IP Camera Market Report Highlights 

• Hardware components accounted for a market share of 76.7% in 2022, as the advancement of hardware systems in the market over the past years has provided convenience.

• The services segment is expected to grow at the fastest CAGR of 15.0% during the forecast period due to the innovation and development of IP camera system manufacturers, and service providers are catering to the market demand for better solutions.

• The consolidated segment held the largest revenue share of 74.7% in 2022. The consolidated product type is expected to achieve a considerable market share in 2021 as it employs a central control server that houses a master database.

• The commercial segment held the largest revenue share of 66.4% in 2022, owing to increased demand for advanced security technologies in the banking and financial sectors, accelerating the commercial industry and thus impacting the growth of the market.

• Asia Pacific dominated the market and accounted for the largest revenue share of 48.5% in 2022. Besides, the internet protocol (IP) camera market is expected to show a significant share in 2030 owing to the rising adoption of current security technologies for various applications such as traffic monitoring, home security, and city surveillance.

IP Camera Market Segmentation

Grand View Research has segmented the global IP camera market report based on component, product type, connection type, end-use, and region:

IP Camera Component Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Hardware

• Services

IP Camera Product Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Fixed

• Pan-Tilt-Zoom (PTZ)

• Infrared

IP Camera Connection Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Consolidated

• Distributed

IP Camera End-use Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

  • BFSI

  • Education

  • Healthcare

  • Industrial

  • Real estate

  • Retail

  • Transportation & logistics

• Industrial

IP Camera Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030) 

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

• Middle East and Africa

  • Saudi Arabia

  • South Africa

  • UAE

List of Key Players of IP Camera Market

• 3DEYE Inc.

• Arecont Vision Costar LLC.

• Motorola Solutions, Inc.

• Belkin

• Bosch Sicherheitssysteme GmbH

• CAMERAFTP

• CAMCLOUD

• D-Link Corporation

• EOS Digital Services

• GEOVISION Inc.

• Hangzhou Hikvision Digital Technology Co. Ltd.

• Honeywell International Inc.

• Johnson Controls

• Kintronics Inc.

• Matrix Comsec.

• Panasonic

• PRO-VIGIL

• SAMSUNG

• Schneider Electric SE

• Sony Corporation

• Stealth Monitoring

• Johnson Controls.

• VIVOTEK Inc.