The IP Camera Market is expected to reach $2.49 billion by 2032 with increasing demand.
From GlobeNewswire: 2024-12-08 08:00:00
The IP Camera Market was valued at $1.42 billion in 2023 and is projected to reach $2.49 billion by 2032, with a CAGR of 6.51% from 2024 to 2032. Demand for smarter surveillance solutions is driving market growth, with features like AI-powered human identification and motion tracking seeing a 40% annual increase.
In 2023, over 90% of IP cameras sold supported a resolution of at least 1080p. Cloud storage and mobile app integration make up 60% of new installations, showing a preference for user-friendly options. The commercial sector led the market with a 62% share in 2023, emphasizing the need for security in various industries.
Asia Pacific dominated the IP Camera Market in 2023, accounting for 46% of the market share. Smart city initiatives in countries like China, Japan, and India have driven demand. Latin America is projected to have the highest CAGR from 2024 to 2032, driven by rising crime rates and urbanization.
Recent developments include Canon India unveiling a 4K remote PTZ camera and Belkin introducing an Auto-Tracking Stand Pro for Apple iPhones in India. The market is segmented by component, product type, connection type, and end use, with insights into technology adoption rates and distribution channels. SNS Insider offers in-depth insights on the IP Camera Market Growth & Outlook Report for 2024-2032. As a leading market research agency, they provide clients with current market data, consumer insights, and opinions to make confident decisions. Access more research insights at https://www.snsinsider.com/reports/ip-camera-market-4818.
For more information or customization research, email [email protected]. SNS Insider aims to provide clients with the knowledge needed to navigate changing market conditions. Using surveys, video talks, and focus groups globally, they deliver accurate market data and insights to help clients make informed decisions.
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