LAMEA IP Camera Market Size, Share & Industry Trends Analysis Report By Product Type, By Application (Commercial, Government, and Residential), By Component (Hardware and Services), By Connection Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa IP Camera Market would witness market growth of 16.9% CAGR during the forecast period (2022-2028).
Cameras have come a long way from the initial days of grainy, expensive, black-and-white video footage. Nowadays, cameras are recording in high-definition, and they can be activated by motion sensors, capture images in the dark with night-vision capabilities, and include speakers and microphones. The latest advances in home security cameras are producing a plethora of camera types.
Homeowners choose between outdoor, indoor, motion detecting, wireless, night vision, and pan and tilt features. Owing to an increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format.
IP security cameras send their signal over a network, allowing greater information transfer than an analog signal sent to a DVR, which act as a major video surveillance market trend. The widespread use of cameras in a variety of business sectors has been facilitated by features like remote monitoring, simple installation, low cost, and infinite storage.
The need for crowd management and security concerns in countries like Brazil and South Africa is expected to enhance the adoption of IP video surveillance. Additionally, countries like Dubai and South Africa are evolving into tourism destinations, at a rapid pace. The hospitality sector is expected to emerge in a notable manner, which would eventually fuel the growth for IP surveillance industry.
The Brazil market dominated the LAMEA IP Camera Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $417.3 million by 2028. The Argentina market is experiencing a CAGR of 17.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 16.5% during (2022 - 2028).
Based on Product Type, the market is segmented into Infrared, Fixed, and Pan-Tilt-Zoom (PTZ). Based on Application, the market is segmented into Commercial, Government, and Residential. Based on Component, the market is segmented into Hardware and Services. Based on Connection Type, the market is segmented into Consolidated and Distributed. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global IP Camera Market is Predict to reach $23.4 Billion by 2028, at a CAGR of 13.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avigilon Corporation (Motorola Solutions), Belkin International, Inc. (Hon Hai Precision Industry Co., Ltd.), Bosch Security Systems GmbH (Robert Bosch GmbH), D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Johnson Controls International PLC, Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), and Sony Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Pan-Tilt-Zoom (PTZ)
By Connection Type
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Avigilon Corporation (Motorola Solutions)
- Belkin International, Inc. (Hon Hai Precision Industry Co., Ltd.)
- Bosch Security Systems GmbH (Robert Bosch GmbH)
- D-Link Corporation
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International, Inc.
- Johnson Controls International PLC
- Panasonic Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Sony Corporation
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