IP Camera Market size was valued at USD 14.63 billion in 2024 and is set to exceed USD 75.89 billion by 2037, registering over 13.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of IP camera is evaluated at USD 16.21 billion.
The market is booming because of the slated growth in the incidence of crime that has led to an increasing concern for safety in cities and many communities, which has created a surge in demand for safety measures, including IP cameras and other barriers as well, to ensure the safety and security of people in public spaces, residential areas, and businesses.
According to a report by the World Population Review in 2024, countries like Venezuela, Papua New Guinea, Afghanistan, Haiti, and South Africa have a crime index rate of more than 75%. In addition, the U.S. Department of State re-issued a “Level 4: Do Not Travel” travel advisory for Venezuela, driven by its high civil unrest and crimes.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
13.5% |
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Base Year Market Size (2024) |
USD 14.63 billion |
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Forecast Year Market Size (2036) |
USD 75.89 billion |
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Regional Scope |
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Product (Fixed, Pan-Tilt-Zoom (PTZ), Infrared)
Infrared segment in the IP camera market is poised to grow substantially till 2037. The segment's tremendous growth rate can be augmented by the boosted need for infrared solutions in government and military facilities, BFSI, and other industrial sectors. According to a report by the International Institute for Strategic Studies in 2024, spending from 2023 surpassed 9% in global defense in 2024.
Furthermore, the improved security and safety of business, residential, or public facilities in low-light and visibility situations by employing this type of video traffic and surveillance unit used to precisely monitor at night has led to an increase in the adoption rate of this type of camera.
Connection (Consolidated, Distributed)
Consolidated segment is estimated to capture IP camera market share of around 75% by the end of 2037 since it runs on a centralized power server that saves all configuration information for the system's cameras, DVRs, and NVRs in addition to all content for access and analysis at a later time. This would also fuel demand for the enterprise server in the forecasted year.
As per Research Nester estimates in 2022 there was an increase in the demand for IoT devices by 40% from 2016 to 2021. Additionally, the distributed segment is also predicted to have a projected gain over the forecast year attributed to more video surveillance systems being installed in buildings. With distributed solutions, the cost of purchasing additional video recorders is reduced because built-in storage capabilities enable data to be saved on online content storage devices like hard flash drives, SD cards, disc drives, and network-attached storage (NAS).
End User (Residential, Commercial, Industrial)
Residential segment in the IP camera market is expected to witness exponential growth rate through 2037, propelled by the increase in urban population as they demand improved security and protection. According to the World Bank, in 2023, more than 50% of people globally live in urban areas, and it is estimated that by 2045, this data will cross 6 billion.
IP cameras now offer several qualities, such as night vision capabilities, motion detection, HD video quality, two-way audio, and many more, which proves them to be a powerful tool for improving home security.
Our in-depth analysis of the global market includes the following segments:
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Product |
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Connection |
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End User |
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APAC Market Statistics
Asia Pacific industry is set to hold largest revenue share of 48% by 2037. The landscape's substantial growth in the region is expected to be credited to the surge in the increasing use of modern security technologies for a range of purposes, including home security, traffic monitoring, and urban surveillance. This would increase the home security systems sector in this region. According to Research Nester analysts in 2023, global cybersecurity vulnerabilities increased from 21,518 in 2021 to more than 23,964 in 2022. Moreover, the market demand in the field is expected to benefit from higher government, corporate, and academic investments in R&D and innovation aimed at creating technologies related to administration.
In Japan, there is an increase of about 29.8% in the reported crimes, which is a total of about 12,372 major crimes, including murder, rape, robbery, trafficking, and many more. This would lead to tremendous growth in the IP camera landscape in Japan.
China demands more surveillance cameras as they have dense social surveillance networks all over the country, which is about 9.6 million Km2 for a population of about 1.4 billion.
North American Market Analysis
The North American region will also encounter a huge influence on the IP camera market demand during the forecast period, led by the increase in population, which demands security surveillance, which boosts the market revenue share of IP camera sector. According to a report by the Census in 2023, the U.S. gained about 1.6 million people in 2022.
There was an increase in cyberattacks in 2023, due to which 343 million more victims arose in the U.S. In addition, this increase was about 72% from 2021 to 2023.
In Canada, the annual crime rate witnessed a growth rate of 5% from 2021 to 2022, which demands more IP cameras in this country.
IP Camera market size expansion is predicted that the top five companies would occupy about 21%. Most of these companies are continuously collaborating, expanding, making agreements, and joining ventures for the growth of this sector and are estimated to be the major key players in this landscape.
Author Credits: Richa Gupta
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