Security cameras are used for close observation and security purposes. In addition, they are frequently used for surveillances in locations that may require regular monitoring such as banks, airports, shopping complexes, convenience stores, railway stations, etc. Security cameras are available in different sizes, price ranges, resolutions, and technologies. In addition, they are easy to install and operate. Security camera offer different benefit such as deter theft & activity and monitor activity help reduce insurance costs and create a safe workplace. All these features are expected to increase the demand for security cameras across different end-use applications such as residential, commercial, and industrial across the world.
In order to reduce crime and improve the public safety and security, these security cameras are installed in every place. This factor is expected to increase the demand for security cameras for different end-use applications across the world.
In addition, government initiatives for public safety and security and growing infrastructural development activities across the world are projected to accelerate the security camera market during the forecast period
Other factors such as increasing crime rate and growing terror attacks, rising in road and industrial accidents and injuries, and product innovation are expected to increase market attractiveness of security cameras across the world
Increasing popularity of security cameras and raising adoption of home surveillance among residential segment are expected to create huge opportunities for security cameras across the world
The global security camera market can be segmented based on product type, type, connectivity, end-use application, distribution channel, and region
In terms of product type, the security camera market can be segmented into dome camera, IP camera, spy camera, and others
In terms of type, the market can be divided into indoor security camera and outdoor security camera
Based on connectivity, the market has been bifurcated into wired and wireless. The wireless connectivity segment is sub-segmented into Bluetooth and Wi-Fi.
In terms of application, the market can be classified into residential, commercial, and industrial. Commercial segment is further divided into hospitals, hotels, bars & restaurants, and others.
Based on distribution channel, the global security camera market can be categorized into online and offline. The offline segment is sub-segmented into supermarkets & hypermarkets, exclusive stores, multibrand retail stores, and others.
Based on region, the global security camera market can be divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (India, Japan, China, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). North America is expected to hold major market share followed by Europe region, owing to use of open street camera surveillance. Asia Pacific region is expected to grow at fastest rate during the forecast period. The growing urbanization and growing infrastructure development activities across the region is expected to accelerate the demand of security camera in the region during the forecast period.
Key players operating in the global security camera market are Swann Communication Pty Ltd, Cisco System Inc., Honeywell International Inc., Canon Inc., Sony Electronic Inc., Panasonic Corporation, Bosch Security System, Axis Communication, FLIR System Inc., Arecont Vision LLC, Division Digital Technology Co Ltd, and Avigilon Corporation, among others
These market players are focused toward adoption of business strategies such as mergers & acquisitions and geographical expansions. Furthermore, market players are more focused on product development and enhancement to have a competitive advantage over others.