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Security Cameras Market Trends

  • Report ID: GMI11662
  • Published Date: Oct 2024
  • Report Format: PDF

Security Cameras Market Trends

One of the most significant trends in the security cameras industry is the integration of artificial intelligence (AI) into surveillance systems. AI-powered cameras are equipped with advanced features such as facial recognition, behavior analysis, and automated alerts, which enhance the effectiveness of monitoring and threat detection. These capabilities enable more proactive and preventative security measures, allowing users to respond to potential incidents in real-time. The adoption of AI in security cameras is rapidly growing, driven by the need for more intelligent and efficient surveillance solutions across various sectors.
 

Another key trend is the increasing adoption of cloud-based video surveillance, which offers greater flexibility, scalability, and cost-effectiveness compared to traditional on-premises systems. Cloud-based solutions allow users to access and manage their surveillance footage remotely, providing real-time monitoring and easier integration with other security systems. This trend is particularly appealing to small and medium-sized businesses (SMBs) and residential users who require reliable surveillance without the high upfront costs associated with on-site storage and infrastructure. The shift towards cloud-based systems is expected to continue as more organizations seek to leverage the benefits of remote accessibility and data redundancy.
 

The proliferation of smart home technologies has significantly impacted the security cameras market, with a growing number of consumers integrating security cameras into their connected home ecosystems. These smart security cameras are often equipped with features such as motion detection, two-way audio, and mobile app integration, allowing homeowners to monitor their properties in real-time from anywhere. The convenience and enhanced security provided by these systems have led to increased adoption in the residential sector. As smart home technology continues to evolve, the demand for integrated, easy-to-use security camera solutions is expected to rise, further driving market growth.
 

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The global market size for security cameras was valued at USD 11.5 billion in 2023 and is expected to reach USD 51.5 billion by 2032, driven by a CAGR of 18.2% from 2024 to 2032.

The security cameras industry from wireless segment is expected to register a CAGR of 20% during the forecast period, driven by their ease of installation and flexibility.

The U.S. market accounted for a 71.3% share in the North America security camera market, driven by high crime rates, a strong focus on national security, and the widespread adoption of smart city technologies.

Major players in the industry include Cisco Systems, Inc., Dahua Technology Co., Ltd., Honeywell International Inc., Lorex Technology Inc. (FLIR Systems), Nokia Corporation, and Panasonic Holdings Corporation.

Security Cameras Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 218
  • Countries covered: 18
  • Pages: 122
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