North America 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 North America IP Camera Market would witness market growth of 13.0% CAGR during the forecast period (2022-2028).
Home robberies and trespassing are on the rise, and as a result, security surveillance is in greater demand than ever. Homeowners now place a high priority on domestic security. Over the forecast period, it is projected that this aspect would fuel the industry's growth for internet protocol (IP) cameras. Due to the growing population in major cities, home surveillance has gained popularity.
Manufacturers must take a number of crucial strategic actions, including interactive product releases, new product introductions, continued research and development, and innovation in the photography and networking industries. IoT technologies are being embraced by homeowners, which helps the market expand. In order to improve the security of their properties, users are increasingly choosing smart IP cameras instead of more conventional mountable Wi-Fi cameras.
Companies in the internet protocol (IP) camera industry stand to benefit from this with respect to growth. The expanding usage of IoT in video monitoring and the introduction of infrared cameras have both greatly raised demand for IP cameras. The IP camera market is expected to be driven by the rising popularity of smart homes, the expansion of their use in commercial buildings, and the need for security in residential applications.
The IP camera industry is rapidly developing in North America, which is a wealthy region. Due to the expansion of industrial sectors, advancements in technologies and features in addition to the effect of video surveillance cameras on regional market growth, the region anticipates a high growth rate over the course of the projection period. In US, the most significant increases in demand for IP cameras are anticipated to occur in New York, Houston, Dallas, Washington, Los Angeles.
The US market dominated the North America IP Camera Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,158.5 million by 2028. The Canada market is poised to grow at a CAGR of 15.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 14.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global IP Camera Market is Estimated 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
- Rest of North America
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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