IP Camera Market Trends

Growth Drivers

• Increasing usage of home surveillance - As the population increases in metropolitan areas, the home security systems market has also become a popular choice in the commercial and residential sectors. They are also expected to be able to monitor remotely using their computers, tablets, smartphones, and other smart devices, as well as several crimes such as home burglaries. Research Nester researched burglary statistics in 2024 and witnessed that about 66% of burglaries affect residential properties.

• Rising IoT technologies - Homeowner adoption of IoT technologies is contributing to market growth, as users are increasingly selecting smart IP cameras over more traditional mountable Wi-Fi cameras to increase the security of their properties. Businesses in this sector are expected to gain from this in their revenue share.
  
  The demand for thermal imaging systems has increased significantly as a result of the introduction and growing use of IoT in video monitoring. Research Nester estimated in 2023 that IoT connections had increased from 18% in 2022 to more than 14 billion active IoT endpoints.

• High adoption of AI technologies - Since AI algorithms can evaluate video footage in real- time; IP cameras can accurately detect and classify objects, faces, and events. According to a report by the International Monetary Fund in 2024, more than 40% of global employment is projected to be exposed to AI.
  
  Furthermore, deep learning algorithms can help to further enhance the accuracy and dependability of video analytics, enabling IP cameras to offer smart observations and digitalize security procedures.

Challenges

• Lack of awareness - There is limited use of IP cameras in developing regions because many businesses are unaware of their potential applications. As they are unsure of the possible returns, business owners are reluctant to invest in new technology. In many developing nations, there is a dearth of knowledge regarding the advantages of IP cameras for both government and residential applications, which further limits market expansion.

• Cyber-attacks & personal data privacy concerns - Data transfers, mostly through digital IP video surveillance cameras, raise concerns about possible cyberattacks and end-user data information leakage. Concerns regarding IP camera security were also raised by competing countries' cyber agency attacks on other countries. Consequently, during the forecast period, rising instances of data theft and leakage will hinder the revenue share.