Security Cameras Market By Shape (Box-Shaped, Bullet-Shaped, Dome-Shaped), By System (Analog Cameras, Network Cameras), By Coverage (Fixed, Pan/Tilt/Zoom (PTZ), Panoramic, Thermal, Infrared/Nightvision), By Resolution (Analog Standard Resolution, VGA, Megapixel, HD), By Application (Indoor, Outdoor), By Connection (Wired, Wireless) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

Security cameras are used in order to provide effective surveillance and monitoring systems at various buildings and locations. Numerous organizations make use of security cameras to monitor and record activities at various critical sites in order to provide safety and security. Various organizations from end-use industries, including banking and finance, commercial, education, government, healthcare, manufacturing and industrial, residential, utilities and energy, retail, sports and leisure, hospitality, and transportation, among others, have deployed security cameras at their sites. In addition, with the increasing need to provide better security and public safety, various government bodies deploy security cameras in public places in their countries.

Security camera manufacturers offer a wide range of camera modules in different shapes, resolutions, and connection types that are suitable for indoor and outdoor applications. Depending on the coverage need and budget, organizations can choose from various fixed, pan/tilt/zoom (PTZ), panoramic, thermal, and night vision cameras. Furthermore, organizations can opt for various cameras with different resolutions, such as VGA, megapixels, and high-definition (HD), to ensure optimum image quality. Thereby, security camera providers offer a wide range of products in order to cater to the varying requirements of various end-use industries.

One of the major factors driving the growth of the security camera market is the increasing government budget for public safety. This factor has played a predominant role in the growth of the security camera market, especially in countries such as China and the U.S. Other factors, such as increasing terror threats and rising crime incidents, have compelled government bodies to deploy security cameras at critical sites. Furthermore, the rising adoption of security systems in homes and private businesses has fueled growth in the global security camera market. However, higher costs associated with advanced security cameras deter the growth of the market in the small and medium enterprise segment.

The report titled "Global Security Cameras Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024" offers strategic insights into the global security cameras market along with the market size and estimates for the duration of 2014–2024. The said research study covers an in-depth analysis of multiple market segments based on type, shape, system type, resolution, applications, connection type, end-use industry, and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing an analysis of the key market trends, including the market shift from analog to digital systems, high-definition cameras, and integrated security applications based on video surveillance in various end-use industries.

The report also includes competitive profiling of the leading providers of security cameras, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are Avigilon Corporation, Arecont Vision LLC, Axis Communications AB, ADT LLC dba ADT Security Services, Bosch Security Systems, Canon, Inc., Cisco Systems, Inc., Honeywell International, Inc., Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., JVC KENWOOD Corporation, Panasonic Corporation, SAMSUNG TECHWIN Co., Ltd., Pelco (Schneider Electric), Sony Corporation, Vicon Industries Inc., IndigoVision Group plc., and Verint Systems, Inc.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the video surveillance industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global security cameras market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

The global security camera market is segmented based on system type into the following categories:

  • Analog Cameras
  • Network Cameras

In 2015, the analog cameras segment led the overall security cameras market in terms of revenue. Factors such as lower costs and a lack of technological awareness among end-users have led to the higher adoption of analog security cameras across the world. In addition, the higher adoption of analog security cameras in small and medium enterprises, along with the residential sector, has resulted in a higher market share for these cameras. However, a decline in the prices of network cameras is expected to result in a market shift from analog cameras to network cameras in the overall security camera market across the world.

With the increasing penetration of the Internet and lower costs, network cameras are expected to witness a higher rate of adoption during the forecast period. Network cameras have gained immense popularity among end-users in recent years due to factors such as higher scalability and accessibility. In addition, the rise of innovative applications in video analytics is expected to drive the demand for network cameras among numerous end-use industries across the world. Thereby, the market for network cameras is expected to witness immense growth during the forecast period from 2016 to 2024.

The global security cameras market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC countries
  • North Africa
  • Southern Africa
  • the remainder of MEA
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

In 2015, Asia Pacific led the overall security camera market across the world. The segment contributed to more than one-third of the total revenue generated globally in 2015. The high rate of adoption of security cameras in countries such as China, Japan, and South Korea has primarily contributed to the large market share of the Asia Pacific region in terms of revenue. In addition, the presence of strong local manufacturers of security cameras, such as Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Canon, Inc., JVC Kenwood Corporation, Panasonic Corporation, SAMSUNG TECHWIN Co., Ltd., and Sony Corporation, among others, has led to the higher adoption of security cameras in the region.

North America and Europe followed the Asia Pacific region in the global security cameras market in terms of revenue. The Europe security cameras market is expected to grow significantly during the forecast period, owing to rising security threats and increasing vulnerability of various sites across the region. Factors such as cross-border migration and increasing instances of terror attacks are expected to further fuel the need to provide better public safety and security in most of the countries in the European region. With continued demand from the hotels and leisure industry in some of the tourist countries in the Middle East, the MEA security cameras market is expected to witness sustained growth during the forecast period.

Frequently Asked Questions:

The market for Security Cameras Market is expected to reach US$ 270.8 Mn in 2024.

The Security Cameras Market is expected to see significant CAGR growth over the coming years, at 21.1%.

The report is forecasted to 2016-2024.

The base year of this report is 2015.

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Published Date:  Feb 2017
Category:  Technology & Media
Report ID:   58347
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
Delivery Time: 24 Hours to 48 Hours   
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