Global Network Camera Market 2017-2021
About Network Camera
A network camera, also known as an IP camera, is made from a combination of a camera and a computer in a network infrastructure. The camera consists of a lens, an image sensor, memory, and a processor. The processor has image processing, compression, video analysis, and networking functionalities and the memory stores videos and images captured by the network camera to be accessed later. Network cameras are used in surveillance as they can be installed at several points within a network and they enable efficient data transmission to a set of monitors over an IP network.
Technavio’s analysts forecast the global network camera market to grow at a CAGR of 43.25% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global network camera market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of network cameras.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Network Camera Market 2017-2021
Technavio recognizes the following companies as the key players in the global network camera market: Axis Communications, Bosch Security Systems, Hikvision Digital Technology, Honeywell Security, and Tyco International.
Other Prominent Vendors in the market are: Arecont Vision, Cisco Systems, D-Link, FLIR Systems, Lumenera, Mobotix (Konica Minolta), Panasonic, Hanwha Techwin, Schneider Electric (Pelco), Sony, and Swann.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is emergence of wireless IP surveillance. Wireless IP surveillance is a highly affordable and easily deployable technology that combines wireless data transmission and IP video surveillance technologies to overcome challenges such as the lack of network infrastructure and connectivity in remote locations. Wireless IP surveillance is a robust and flexible solution that allows surveillance cameras to connect to wireless point-to-multipoint connectivity for easy data transmission to remote locations. Thus, outdoor locations that require surveillance do not need expensive cabling for the network.”
According to the report, one driver in market is rise in demand for security systems from BFSI sector. The banking sector has high demand for security systems, particularly video surveillance, due to its highly sensitive business nature. The increase in ATM thefts and burglaries worldwide has increased the adoption of surveillance systems. Many of the ATM incidents involve a long-established technique in which criminals install devices that capture information from the magnetic stripe of the card. Sometimes, they use tiny cameras that record the personal identification number of the cardholder. Such incidents are happening in ATMs owned by banks as well as independently-owned cash kiosks in shopping centers, convenience stores, and restaurants. From January to April 2015, the number of attacks on debit cards used at ATMs in the US reached its peak accounting to over 66% of the debit cards in circulation.
Further, the report states that one challenge in market is lack of awareness among end-users about advanced technologies in security solutions. One of the major challenges in the market is the lack of awareness about advanced technologies such as wireless video surveillance and IP video surveillance. The awareness about such technologies can help in understanding the security risks and threats faced by an organization and can help the organization take effective security measures in a cost-effective manner. It also highlights the responsibilities associated with security policies and practices. Compromising on security can be detrimental to any organization. Currently, the organizations in developing regions are unaware of the security breaches that may lead to loss of confidential data. So, vendors need to create awareness about the upcoming technologies through trade fairs, seminars and webinars, and other promotional events. Lack of awareness adversely affects the widespread adoption of network cameras and inhibits the market growth.
xis Communications, Bosch Security Systems, Hikvision Digital Technology, Honeywell Security, Tyco International, Arecont Vision, Cisco Systems, D-Link, FLIR Systems, Lumenera, Mobotix (Konica Minolta), Panasonic, Hanwha Techwin, Schneider Electric (Pelco), Sony, Swann.
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