DUBLIN--(BUSINESS WIRE)--Aug 27, 2019--

Growing demand for IP-based CCTV cameras

The demand for IP-based CCTV cameras that transmit data over an Ethernet connection is increasing for remote monitoring applications in both indoor and outdoor spaces.

Further, advanced technologies such as facial recognition, AI, deep learning, and machine learning are being integrated into these cameras to enhance their video surveillance features. This demand for IP-based CCTV cameras will lead to the expansion of the global closed-circuit television (CCTV) camera market at a CAGR of over 12% during the forecast period.

Introduction of deep learning technology

Deep learning uses algorithms to perform tasks repeatedly and provides highly accurate output by analyzing text, images, videos, and sounds. It can be used in CCTV cameras to perform functions such as object detection, facial recognition, automatic number plate recognition (ANPR), people counting, and false alarm filter. This development is expected to have a positive impact on the overall market growth.

Market Dynamics

The report looks at factors such as increasing government security initiatives, integration of facial recognition technology in CCTV cameras, and growing demand for IP-based CCTV cameras.

However, uncertainties in the cybersecurity risks, limitations of data storage, and recording gaps in wireless CCTV cameras may hamper the growth of the closed-circuit television (CCTV) camera industry over the forecast period.

Segment Analysis

The closed-circuit television (CCTV) camera market analysis considers sales from dome camera, PTZ camera, bullet camera, and box camera. The analysis also considers the sales of closed-circuit television (CCTV) camera in APAC, Europe, North America, South America, and MEA.

In 2018, the dome camera segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as long-distance coverage and 360 view offered by dome cameras will play a significant role in the dome camera segment to maintain its market position.

Competitive Landscape

With the presence of a few major players, the global closed-circuit television (CCTV) camera market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading closed-circuit television (CCTV) camera manufacturers, that include:

  • Axis Communications AB
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Hanwha Group
  • Panasonic Corp.
  • Zhejiang Dahua Technology Co. Ltd.

Also, the closed-circuit television (CCTV) camera market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Key Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Comparison by product
  • Dome camera - Market size and forecast 2018-2023
  • PTZ camera - Market size and forecast 2018-2023
  • Bullet camera - Market size and forecast 2018-2023
  • Box camera - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Introduction of deep learning technology
  • Integration of AI in CCTV cameras
  • Incorporation of video analytics in IP-based CCTV cameras

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Axis Communications AB
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Hanwha Group
  • Panasonic Corp.
  • Zhejiang Dahua Technology Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/a9jfj2

Laura Wood, Senior Press Manager

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SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 08/27/2019 06:21 AM/DISC: 08/27/2019 06:21 AM

Copyright Business Wire 2019.