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IP Camera Market Share

Report ID: GMI2410
Published Date: Oct 2023
Report Format: PDF

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IP Camera Market Share

Players operating in the IP camera industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. The strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced IP cameras for smartphones. Some major players operating in the IP camera industry are mentioned below:

Hangzhou Hikvision Digital Technology Co., Ltd.
Dahua Technology Co., Ltd.
Axis Communications
Bosch Security Systems
Panasonic Corporation
Honeywell International, Inc.
Sony Corporation

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for IP camera was valued at over USD 9.5 billion in 2022 and is anticipated to grow at a CAGR of over 14.7% between 2023 and 2032, owing to the rising security concerns, both in residential & commercial sectors.

The centralized segment held a market share of around 50% in 2022 and is expected to grow at a lucrative pace through 2032, as the centralized connection allows businesses to manage and control multiple IP cameras from a single central location or server, simplifying monitoring, configuration, and maintenance processes.

Asia Pacific market for IP camera is expected to grow at a lucrative pace over 2023-2032 as many cities in the region are investing in smart city initiatives to improve urban living and enhance public safety, boosting the product demand.

Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Axis Communications, Bosch Security Systems, Panasonic Corporation, Honeywell International, Inc., and Sony Corporation.