IP Camera Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is set to hold largest revenue share of 48% by 2035. 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 Insights
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.
