The Latin America, Middle East and Africa IP Camera Market should witness market growth of 16.9% CAGR during the forecast period (2022-2028).
Cameras have come a long way from the initial days of grainy, expensive, black-and-white video footage. Nowadays, cameras are recording in high-definition, and they can be activated by motion sensors, capture images in the dark with night-vision capabilities, and include speakers and microphones. The latest advances in home security cameras are producing a plethora of camera types.
Homeowners choose between outdoor, indoor, motion detecting, wireless, night vision, and pan and tilt features. Owing to an increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format.
IP security cameras send their signal over a network, allowing greater information transfer than an analog signal sent to a DVR, which act as a major video surveillance market trend. The widespread use of cameras in a variety of business sectors has been facilitated by features like remote monitoring, simple installation, low cost, and infinite storage.
The need for crowd management and security concerns in countries like Brazil and South Africa is expected to enhance the adoption of IP video surveillance. Additionally, countries like Dubai and South Africa are evolving into tourism destinations, at a rapid pace. The hospitality sector is expected to emerge in a notable manner, which would eventually fuel the growth for IP surveillance industry.
The Brazil market dominated the LAMEA IP Camera Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $417.3 million by 2028. The Argentina market is experiencing a CAGR of 17.5% during (2022-2028). Additionally, The UAE market would display a CAGR of 16.5% during (2022-2028).
Based on Product Type, the market is segmented into Infrared, Fixed, and Pan-Tilt-Zoom (PTZ). Based on Application, the market is segmented into Commercial, Government, and Residential. Based on Component, the market is segmented into Hardware and Services. Based on Connection Type, the market is segmented into Consolidated and Distributed. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Avigilon Corporation (Motorola Solutions), Belkin International, Inc. (Hon Hai Precision Industry Co., Ltd.), Bosch Security Systems GmbH (Robert Bosch GmbH), D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Johnson Controls International PLC, Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), and Sony Corporation.
Cameras have come a long way from the initial days of grainy, expensive, black-and-white video footage. Nowadays, cameras are recording in high-definition, and they can be activated by motion sensors, capture images in the dark with night-vision capabilities, and include speakers and microphones. The latest advances in home security cameras are producing a plethora of camera types.
Homeowners choose between outdoor, indoor, motion detecting, wireless, night vision, and pan and tilt features. Owing to an increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format.
IP security cameras send their signal over a network, allowing greater information transfer than an analog signal sent to a DVR, which act as a major video surveillance market trend. The widespread use of cameras in a variety of business sectors has been facilitated by features like remote monitoring, simple installation, low cost, and infinite storage.
The need for crowd management and security concerns in countries like Brazil and South Africa is expected to enhance the adoption of IP video surveillance. Additionally, countries like Dubai and South Africa are evolving into tourism destinations, at a rapid pace. The hospitality sector is expected to emerge in a notable manner, which would eventually fuel the growth for IP surveillance industry.
The Brazil market dominated the LAMEA IP Camera Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $417.3 million by 2028. The Argentina market is experiencing a CAGR of 17.5% during (2022-2028). Additionally, The UAE market would display a CAGR of 16.5% during (2022-2028).
Based on Product Type, the market is segmented into Infrared, Fixed, and Pan-Tilt-Zoom (PTZ). Based on Application, the market is segmented into Commercial, Government, and Residential. Based on Component, the market is segmented into Hardware and Services. Based on Connection Type, the market is segmented into Consolidated and Distributed. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Avigilon Corporation (Motorola Solutions), Belkin International, Inc. (Hon Hai Precision Industry Co., Ltd.), Bosch Security Systems GmbH (Robert Bosch GmbH), D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Johnson Controls International PLC, Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), and Sony Corporation.
Scope of the Study
By Product Type
- Infrared
- Fixed
- Pan-Tilt-Zoom (PTZ)
By Application
- Commercial
- Government
- Residential
By Component
- Hardware
- Services
By Connection Type
- Consolidated
- Distributed
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Avigilon Corporation (Motorola Solutions)
- Belkin International, Inc. (Hon Hai Precision Industry Co., Ltd.)
- Bosch Security Systems GmbH (Robert Bosch GmbH)
- D-Link Corporation
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International, Inc.
- Johnson Controls International PLC
- Panasonic Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Sony Corporation
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA IP Camera Market by Product Type
Chapter 5. LAMEA IP Camera Market by Application
Chapter 6. LAMEA IP Camera Market by Component
Chapter 7. LAMEA IP Camera Market by Connection Type
Chapter 8. LAMEA IP Camera Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Avigilon Corporation (Motorola Solutions)
- Belkin International, Inc. (Hon Hai Precision Industry Co., Ltd.)
- Bosch Security Systems GmbH (Robert Bosch GmbH)
- D-Link Corporation
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International, Inc.
- Johnson Controls International PLC
- Panasonic Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Sony Corporation
Methodology
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