+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Network Cameras and Video Analytics - Global Market Trajectory & Analytics

  • ID: 3397956
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ADT Security Services
  • Axis Communications AB
  • Canon, Inc.
  • Dahua Technology Co. Ltd.
  • Genetec Inc.
  • IC Realtime, LLC
Global Network Cameras and Video Analytics Market to Reach $60.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Network Cameras and Video Analytics estimated at US$18.1 Billion in the year 2020, is projected to reach a revised size of US$60.9 Billion by 2027, growing at a CAGR of 19% over the period 2020-2027. IP Cameras, one of the segments analyzed in the report, is projected to record 17.1% CAGR and reach US$41.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Video Analytics Software segment is readjusted to a revised 23.6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $5.4 Billion, While China is Forecast to Grow at 18.3% CAGR

The Network Cameras and Video Analytics market in the U.S. is estimated at US$5.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.6 Billion by the year 2027 trailing a CAGR of 18.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 16.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.

Select Competitors (Total 143 Featured):
  • ADT Security Services
  • Agent Video Intelligence
  • Axis Communications AB
  • Bosch Security Systems
  • Canon, Inc.
  • Cisco Systems, Inc.
  • Dahua Technology Co., Ltd.
  • Exacq Technologies
  • Genetec Inc.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Hanwha Techwin Co., Ltd.
  • Honeywell International, Inc.
  • IC Realtime, LLC
  • MOBOTIX AG
  • Panasonic Corp.
  • Pelco Inc.
  • SightLogix Inc.
  • Verint Systems Inc.
  • VIVOTEK Inc.
  • Zhejiang Uniview Technologies Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ADT Security Services
  • Axis Communications AB
  • Canon, Inc.
  • Dahua Technology Co. Ltd.
  • Genetec Inc.
  • IC Realtime, LLC
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Video Surveillance Evolves from CCTVs to Network Video Systems, Ushering in the Entry of Network Cameras
  • Recent Market Activity
  • Superior Benefits Pitch "Network Cameras" as a Direct Competitor to Analog Cameras
  • Video Analytics Software: A Perfect Ally for IP Based Network Cameras
  • Outlook - Higher Pixels, Low Prices and More Capabilities to Drive Growth
  • Sizing the Market
  • Market Opportunities Rapidly Shift Towards Emerging Countries
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ADT Security Services (USA)
  • Agent Video Intelligence (Israel)
  • Avigilon Corporation (Canada)
  • Axis Communications AB (Sweden)
  • BASLER AG (Germany)
  • Bosch Security Systems (Germany)
  • Canon, Inc. (Japan)
  • Milestone Systems A/S (Denmark)
  • Cisco Systems, Inc. (USA)
  • Dahua Technology Co., Ltd. (China)
  • DIGIOP, Inc. (USA)
  • Exacq Technologies (USA)
  • Genetec Inc. (Canada)
  • Hangzhou Hikvision Digital Technology Co. Ltd. (China)
  • Hanwha Techwin Co., Ltd. (South Korea)
  • Honeywell International Inc. (USA)
  • IC Realtime, LLC (USA)
  • March Networks, Inc. (Canada)
  • MOBOTIX AG (Germany)
  • ObjectVideo, Inc. (USA)
  • Panasonic Corporation (Japan)
  • Pelco Inc. (USA)
  • SightLogix Inc. (USA)
  • Speco Technologies (USA)
  • Swann Communications Pty. Ltd. (Australia)
  • Verint Systems Inc. (USA)
  • Viasys Intelligent Video Analytics (Germany)
  • VIVOTEK Inc. (Taiwan)
  • Zhejiang Uniview Technologies Co., Ltd. (China)
3. MARKET TRENDS & DRIVERS
  • Rising Safety & Security Concerns Create Opportunities for IP-based Surveillance Products
  • High Public Perception of Crime Encourages Drives Demand for NCVSS
  • Rapid Urbanization & Ensuing Rise in Public Safety Requirements - A Business Case for Mass Surveillance
  • Positive Outlook for Global Construction Industry & Subsequent Rise in Security Deployments to Drive Demand
  • Increase in Business Starts & Growing Office Space Occupancy to Boost Market Prospects
  • Application Trends & Drivers
  • Government Safety Mandates Drive Adoption of Video Surveillance
  • Government Investments Contribute Major Share in Total Revenue
  • New Application Possibilities Beyond Security & Surveillance to Spur Demand Momentum in the Market
  • Rise in Visual Communications/Video Conferencing Spurs Demand for Network Cameras
  • Retail Sector: The Fastest Growing End-Use Market for IP/Network Cameras
  • Transportation: A Lucrative End-Use Market for Network Camera & Video Analytics
  • Healthcare & Hospitality Industries Add to the Demand
  • Video Surveillance Enters into Uncharted Territories, Benefits IP Cameras and Video Analytics
  • Technology Trends & Drivers
  • High Resolution Cameras - A Major Growth Factor
  • The Quest for Product Differentiation Continues among Network Camera Manufacturers
  • IP/Network Cameras with Wide Dynamic Range Capabilities Gaining Attention
  • Thermal Network IP Cameras Take Video Capture Capabilities a Step Further than Day/Night IP Cameras
  • PoE Based Cameras Continue to Rule, While Wi-Fi Enabled Wireless Cameras Grows in Popularity
  • CMOS Sensors Overshadows CCD Image Sensors in IP Network Cameras
  • H.264 technology Eases Bandwidth & Storage Needs for Network Cameras
  • PTZ Cameras Score Over Fixed Cameras for Surveillance at Crowded Areas
  • Dome Shape IP Cameras Gaining Popularity for Discrete & Non-Obtrusive Surveillance
  • Network Cameras with Facial Recognition Growing in Prominence Among Law Enforcement Agencies
  • Mobile Video Surveillance Made Possible by Network Cameras
  • Edge-Based Video Analytics - A Competitive Advantage for Network Camera Manufacturers
  • Data Storage Concerns Emerge with High Resolution Cameras
  • Huge Price Drops Call for Focus Elsewhere
  • Early Detection & Prevention of Crime Made Easy by Video Analytics
  • Prospects for Deep Learning in Analytics Aplenty
  • Need for Intelligent Video Analytics Spurs Demand for Open Standards Based Solutions
  • Rising Sophistication of Video Analytics Augurs Well for Video Surveillance Market
  • Cloud Solutions to Benefit Network Camera & Video Analytics Market
  • Integrated Solutions to Sway the Market
  • Hosted Security Services - The New Paradigm
  • Market Challenges
  • Cybersecurity Issues Come to the Fore
  • High Initial Costs & High Bandwidth Requirements - Major Challenges for Network Cameras
  • Lack of Data Privacy - A Major Issue for Network Cameras
  • Complexity & False Alarms - Major Issues for Video Analytics
  • Awareness Levels Continues to be Low - Particularly in Developing Markets
  • High Expectations
  • Competition
  • Pricing Pressures Squeeze Revenue Growth in the Market
  • Competitive Threats Push Manufacturers to Explore New Strategies
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 143
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ADT Security Services
  • Agent Video Intelligence
  • Axis Communications AB
  • Bosch Security Systems
  • Canon, Inc.
  • Cisco Systems, Inc.
  • Dahua Technology Co. Ltd.
  • Exacq Technologies
  • Genetec Inc.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Hanwha Techwin Co. Ltd.
  • Honeywell International, Inc.
  • IC Realtime, LLC
  • MOBOTIX AG
  • Panasonic Corp.
  • Pelco Inc.
  • SightLogix Inc.
  • Verint Systems Inc.
  • VIVOTEK Inc.
  • Zhejiang Uniview Technologies Co. Ltd.
Note: Product cover images may vary from those shown
Adroll
adroll