IP Camera Market Segmentation:
Product Segment Analysis
Infrared segment in the IP camera market is poised to grow substantially till 2035. 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 Segment Analysis
Consolidated segment is estimated to capture IP camera market share of around 75% by the end of 2035 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 Segment Analysis
Residential segment in the IP camera market is expected to witness exponential growth rate through 2035, 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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