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.
Author Credits: Richa Gupta
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?