The Global Security Cameras Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 8.7% during the review period (2022 to 2027)
Security Cameras Market Overview
A security camera helps in protecting private places along with industrial and commercial places. It has a wide variety of different resolutions, sizes, and specifications are available in the security cameras. It is a powerful device and helps an individual in tracking any burglary details that happened in past. This is mainly used for investigation purposes. Moreover, an increasing number of terrorist attacks leads to the deployment of innovative surveillance systems and hence uses security cameras.
The demand for security cameras in the global market is influenced by a variety of variables. During the anticipated period, rising awareness of the need for security cameras would boost market demand in the global market. Furthermore, the ease with which this surveillance system can be installed generates increased market demand all around the world. Increased government and individual initiatives for the adoption of smart homes and smart cities are also helping to drive market expansion in the global industry. As a crime-prevention tool, the government is boosting its spending capacity on public areas and facilities. The need for cameras will skyrocket as a result. The government is also investing in video surveillance systems due to an increase in the frequency of security breaches. Guangdong Province, China's government, recently deployed 2.6 million cameras and plans to install another 5.5 million by 2020.
Industry News and Updates
Hikvision releases new ColorVu offerings now with 4K and varifocal options
October 15, 2020 – Hikvision, an IoT solution provider with video as its core competency, released new Color offerings for more vivid 24/7 colorful imaging, and has first included Hikvision ColorVu 4K and ColorVu varifocal cameras in the full-color range.
What are the major Applications, Types and Regions for Security Cameras Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
- Institutional
- City Infrastructure
- Commercial
- Others
By End User
- City Infrastructure
- Commercial
- Educational Institutes
- Residential
- Hospitals
- Industrial
- Others
Market Segments Analysis
The POS End-user segment is anticipated to progress faster over the forecast period, owing to growing billing purposes in the retail industry across the globe. Besides, an expanding number of supermarkets and hypermarkets in leading economies around the world are anticipated to propel the POS terminal applications and boost the market growth.
Security Cameras Market Regional Analysis
Region wise, the wireless security cameras systems market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
North America is dominated the wireless security cameras systems market in 2020, and is projected to register the significant growth rate during the forecast period, owing to growth of the city infrastructure sector. However, Asia-Pacific is likely to witnesses a significant growth rate by the end of the forecast period, followed by LAMEA. The second-largest market share in the security camera market all across the globe is held by the European region owing to increasing demand for security and surveillance applications, along with the presence of countries like Germany, the UK, France, and Italy boosting the market demand during the forecasted period.
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Security Cameras Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Security Cameras Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Security Cameras Market report scope?
Scope of the Report covers Security Cameras Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Security Cameras Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 8.7% during the review period (2022 to 2027).
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By Type
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By Application
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Institutional
City Infrastructure
Commercial
Others
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By Companies
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Canon (NYSE: CAJ), Hikvision Digital Technology (Shenzhen: 002415.SZ) , Honeywell International(NasdaqGS: HON)
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Regions Covered
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North America
Europe
Asia-Pacific
Rest of the World
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Countries Covered
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US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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159
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Security Cameras Report
- Evaluate Security Cameras market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Security Cameras market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The SECURITY CAMERAS Market is studied from 2022 - 2028.
What is the growth rate of Security Cameras Market?
The SECURITY CAMERAS Market is growing at a CAGR of 8.7% over the next 5 years.
Who are the key players in Security Cameras Market?
Canon (NYSE: CAJ), Hikvision Digital Technology (Shenzhen: 002415.SZ) , Honeywell International(NasdaqGS: HON)
What Regions does this Security Cameras Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Security Cameras Market?
Indoor, Outdoor, Others
What are the major end-use applications of Security Cameras Market?
Institutional, City Infrastructure, Commercial, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
