Global IP Camera Market is expected to grow at a CAGR of 15.34%

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Summary

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 $8441.70 million by 2023.

Press Release

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 $8441.70 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 $6128.2 million by 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 $8699.60 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.

Excerpts on Market Growth Factors

• According to the survey, analog cameras cannot offer high resolution and clear images when the captured object is in motion. So, replacement of analog camera with digital camera is one major factor among the drive for the growth of IP market.
• The research and development activities across major universities in the quantum physics to explore the possibilities at the atomic level are growing with promising investments. This analyzes to drive the neutron detection in the future.

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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.

IP Camera Market Report is Segmented as Below:

A. IP Camera Market By Pixel Type:

B. IP Camera Market By Application:

C. IP Camera Market By Cloud Deployment:

D. IP Camera Market By Software & Services:

E. IP Camera Market by Geography
F. IP Camera Entropy Market

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