Security cameras are used in order to provide effective surveillance and monitoring systems at various buildings and locations. Numerous organizations make use of security cameras to monitor and record activities at various critical sites in order to provide safety and security. Various organizations from end-use industries including banking and finance, commercial, education, government, healthcare, manufacturing and industrial, residential, utilities and energy, retail, sports and leisure, hospitality, and transportation, among others have deployed security cameras at their sites. In addition, with increasing need to provide better security and public safety, various government bodies deploy security cameras at public places in their countries.

Security camera manufacturers offer a wide range of camera modules in different shapes, resolution, connection type which are suitable for indoor and outdoor applications. Depending on the coverage need and budget, organizations can choose from various fixed, pan/tilt/zoom (PTZ), panoramic, thermal and nightvision cameras. Furthermore, organizations can opt for various cameras with different resolutions such as VGA, megapixels and high-definition (HD) to ensure optimum image quality. Thereby, security cameras providers offer a wide range of products in order to cater to the varying requirements of various end-use industries.

One of the major factors driving the growth of the security cameras market is the increasing government budget towards public safety. This factor has played a predominant role in the growth of the security cameras market especially in countries such as China and the U.S. Other factors such as increasing terror threats and rising incidents of crime have compelled government bodies to deploy security cameras at critical sites. In addition, increasing adoption of security systems in households, and private businesses has fuelled the growth in the security cameras market across the world. However, higher costs associated with advanced security cameras deter the growth of the market in the small and medium enterprises segment.

The report titled “Global Security Cameras Market- Growth, Future Prospects and Competitive Analysis, 2016 – 2024” offers strategic insights into the global security cameras market along with the market size and estimates for the duration 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on type, shape, system type, resolution, applications, connection type, end-use industry and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2015 & 2024. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing analysis on the key market trends including market shift from analog to digital systems, high-definition cameras, and integrated security applications based on video surveillance in various end-use industries.

In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of security cameras, market positioning and key developments. Some of the major players profiled in the report are Avigilon Corporation, Arecont Vision LLC., Axis Communications AB, ADT LLC dba ADT Security Services, Bosch Security Systems, Canon, Inc., Cisco Systems, Inc., Honeywell International, Inc., Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., JVC KENWOOD Corporation, Panasonic Corporation, SAMSUNG TECHWIN Co., Ltd., Pelco (Schneider Electric), Sony Corporation, Vicon Industries, Inc., IndigoVision Group plc., and Verint Systems, Inc.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the video surveillance industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2014 – 2015)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global security cameras market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above mentioned factors.

The global security cameras market is segmented, based on system type, into following categories

• Analog Cameras
• Network Cameras

In 2015, the analog cameras segment led the overall security cameras market in terms of revenue. Factors such as lower costs and lack of technological awareness among end-users have led to the higher adoption of analog security cameras across the world. In addition, higher adoption of analog security cameras in small and medium enterprises along with the residential sector has resulted in the higher market share of these cameras. However, decline in the prices of network cameras is expected to result in a market shift from analog cameras to network cameras in the overall security cameras market across the world.

With increasing penetration of the Internet along with lower costs, the network cameras are expected to witness higher rate of adoption during the forecast period. Network cameras have gained immense popularity among end-users in the recent years due to factors such as higher scalability and accessibility. In addition, the rise of innovative applications in video analytics is expected to drive the demand for network cameras among numerous end-use industries across the world. Thereby, the market for network cameras is expected to witness immense growth during the forecast period from 2016 to 2024.

In 2015, Asia Pacific led the overall security cameras market across the world. The segment contributed to more than one third of the total revenue generated globally in 2015. High rate of adoption of security cameras in countries such as China, Japan, and South Korea has primarily contributed to the large market share of the Asia Pacific region in terms of revenue. In addition, presence of strong local manufacturers of security cameras such as Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Canon, Inc., JVC KENWOOD Corporation, Panasonic Corporation, SAMSUNG TECHWIN Co., Ltd., and Sony Corporation, among others has led to the higher adoption of security cameras in the region.

North America and Europe followed the Asia Pacific region in the global security cameras market in terms of revenue. With rising security threats and increasing vulnerability of various sites all across the region, the Europe security cameras market is expected to witness considerable growth during the forecast period. Factors such as cross border migration and increasing instances of terror attacks are expected to further fuel the need to provide better public safety and security in most of the countries in the European region. With continued demand from the hotels and leisure industry in some of the tourist countries in the Middle East, the MEA security cameras market is expected to witness sustained growth during the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Security Cameras market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Security Cameras market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Security Cameras market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Security Cameras market?
• Which is the largest regional market for Security Cameras market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Security Cameras market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Security Cameras market worldwide?