#Global Home Video Surveillance Systems Market Size
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Global Home Video Surveillance Systems Market Trends and Future Outlook 2024 - 2031
The global home video surveillance systems market was valued at USD 15.4 billion in 2023, and it is projected to grow significantly, reaching USD 24.2 billion by 2024. The rising adoption of smart home technology, the integration of AI, and the increasing demand for cloud-based storage are key factors driving this growth.
Market Size and Growth
The global home video surveillance systems market has seen exponential growth due to rising concerns over safety, technological advancements, and affordable solutions. Homeowners now prioritize securing their properties with surveillance systems that offer real-time monitoring, remote access, and superior image quality.
The global home video surveillance systems market was valued at USD 53.7 billion in 2023, and it is projected to grow significantly, reaching USD 83.3 billion by 2028. The rising adoption of smart home technology, the integration of AI, and the increasing demand for cloud-based storage are key factors driving this growth.
Key Drivers of Market Growth
Increasing Security Concerns: The rise in home break-ins and burglaries has heightened demand for reliable home surveillance solutions.
Technological Advancements: New technologies like 4K cameras, AI-powered analytics, and smart home integrations are transforming video surveillance systems.
Cost-Effectiveness: The availability of affordable surveillance equipment has made it easier for homeowners to invest in these systems.
Key Players in the Market
Major players in the global home video surveillance market include:
Hikvision
Axis Communications
Honeywell International
Dahua Technology
These companies are known for offering innovative products, like IP-based cameras, wireless systems, and AI-powered video analytics, ensuring high-quality security solutions.
Future Trends and Opportunities
AI and Automation
AI-enabled systems are revolutionizing home surveillance by providing features like object detection, facial recognition, and motion alerts. These systems reduce false alarms and enhance security.
Cloud Storage Solutions
The shift toward cloud-based storage is simplifying the way video footage is stored and accessed, offering remote access and higher storage capacity without the need for physical devices.
Conclusion
The global home video surveillance systems market is poised for rapid growth, driven by increased security needs, technological innovations, and affordability. As AI and cloud solutions continue to advance, the market will offer new opportunities for both homeowners and industry players.
#Global Home Video Surveillance Systems Market Trends#Global Home Video Surveillance Systems Market Size#Global Home Video Surveillance Systems Market Share
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Home Automation Market Growth: From $112.7 Billion in 2023 to $715.6 Billion by 2032
Astute Analytica has released a comprehensive report titled Global Home Automation Market – Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032. This report provides an in-depth examination of the industry, including valuable insights into market analysis, competition, and geographical research. It also highlights recent developments in the global industry.
Market Overview and Forecast
The global market for home automation in 2023 was valued at US$ 112.7 billion and is expected to reach a market valuation of US$ 715.6 billion by 2032, growing at a CAGR of 22.8% during the forecast period 2024–2032.
In addition to market positioning, the report offers a thorough analysis of relevant data, key developments, and revenue streams. It outlines the strategies employed by key market players to expand their market presence and strengthen their positions. The report includes detailed information that illustrates the overall market condition.
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Key Insights
The report emphasizes future trends, market dynamics, market shares, threats, opportunities, and entry barriers. Important analytical data is presented through pie charts, graphs, and tables, providing readers with a clear understanding of the market landscape.
Marketing Channels and Supply Chain
Special attention is given to marketing channels, downstream client surveys, upstream raw materials analysis, and market development trends. The report also includes expert recommendations and crucial information about major chemical suppliers, manufacturers, key consumers, distributors, and dealers, along with their contact details. This information is essential for conducting a detailed market chain analysis.
Geographical Analysis
The report features detailed investigations into the global market across various regions, analyzing over 20 countries that significantly contribute to market development. Key regional markets studied include North America, Europe, Asia Pacific, South America, Africa, the Middle East, and Latin America. This thorough examination aids in identifying regional market opportunities and challenges.
Competitive Analysis
To illustrate the competitive landscape, the report differentiates business attributes and identifies leading market players. It includes the latest trends, company profiles, financial standings, and SWOT analyses of major Home Automation market players, providing a comprehensive view of the competitive environment.
Key Players
ABB Ltd.
Amazon, Inc.
Apple Inc.
ASSA ABLOY
Axis Communication AB
Comcast Corp.
Control4 Corp.
Google
Honeywell International, Inc
Hubbell Inc.
Ingersoll-Rand PLC
Johnson Controls International
Legrand S.A.
LG Electronics
Lutron Electronics Co. Inc.
Robert Bosch Gmbh
Samsung Electronics Co., Ltd.
Schneider Electric
Siemens AG
Sony
United Technologies Corporation
Kiddi
Other Prominent Players
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Methodology
The global Home Automation analysis is based on primary and secondary data sources. Primary sources include expert interviews with industry analysts, distributors, and suppliers, while secondary sources encompass statistical data reviews from government websites, press releases, and annual reports. Both data types validate the findings from global market leaders. The report utilizes top-down and bottom-up approaches to analyze estimates for each segment.
Market Segmentation
By Type
Hardware
Lighting Control
Relays
Occupancy Sensors
Daylight Sensors
Timers
Dimmers
Switches
Lighting Control Accessories and Other Products
Security and Access Control
Video Surveillance Systems
Cameras & NVRs
Software/Video Analytics
Access Control Systems
Biometric Access Control
Non-Biometric Access Control
HVAC Control
Smart Thermostats
Heating and Cooling Coils
Actuators
Smart Vents
Others
Entertainment and Other Controls
Home Healthcare
Health Status Monitors
Physical Activity Monitors
Smart Kitchen
Smart Coffee Makers
Smart Kettles
Smart Dish Washers
Smart Ovens
Smart Cooktops
Smart Cookers
Home Appliances
Smart Refrigerators
Smart Washers
Smart Locks
Smart Water Heaters
Smart Vacuum Cleaners
Smart Furniture
Smart Tables
Smart Desks
Smart Sofas
Others
Software
Services
By Technology
Wired
Wireless
Bluetooth
Wi-Fi
Zigbee
Dali
Others (z-wave & hybrid)
By Application
Security
Lighting
Entertainment
Healthcare
Energy Management
HVAC
Others
By End User
Residential
Commercial
By Building Type
Single Family Homes
Apartment Building
Low rise
High rise
Skyscrapers
Villas/Bungalows
Others (mobile homes, cottages)
By Construction Type
Renovation
New
By Distribution Channel
Online
Offline
Speciality Stores
Retail (Supermarkets/Hypermarkets)
Third Party Service Providers (Telecom, Security, OEMs)
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
Rest of MEA
South America
Argentina
Brazil
Rest of South America
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Global Network Video Recorder Market Analysis 2024: Size Forecast and Growth Prospects
The network video recorder global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Network Video Recorder Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The network video recorder market size has grown rapidly in recent years. It will grow from $3.14 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to enhancements in surveillance system capabilities, increasing adoption of IP-based surveillance systems, growing demand for video analytics, rising concerns about security and safety, and integration with other security systems.
The network video recorder market size is expected to see rapid growth in the next few years. It will grow to $5.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to emergence of 4K and ultra-high-definition (UHD) video recording, expanding applications in smart cities and smart homes, integration with cloud-based storage solutions, adoption of artificial intelligence (AI) and machine learning (ML) technologies, increasing demand for video surveillance in retail and commercial sectors. Major trends in the forecast period include increased demand for cloud-based video storage and analytics solutions, growing integration of AI and machine learning in video surveillance systems, adoption of 4K and ultra-high-definition (UHD) cameras for enhanced video quality, rise of edge computing for real-time video analytics and processing, and expansion of video surveillance as a service (VSaaS) offerings.
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Scope Of Network Video Recorder MarketThe Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Network Video Recorder Market Overview
Market Drivers -The increasing number of surveillance network breaches is expected to propel the growth of the network video recorder(NVR) market going forward. Surveillance network breaches refer to unauthorized access, compromise, or exploitation of surveillance systems and networks, resulting in security vulnerabilities, data breaches, or privacy violations. These surveillance devices are part of the Internet of Things (IoT) ecosystem, which might lack adequate security features, such as insecure firmware, a lack of secure communication protocols, and vulnerability to remote attacks, significantly contributing to increased surveillance network breaches. NVRs enforce robust access control mechanisms, including strong authentication methods such as multi-factor authentication (MFA) and role-based access control (RBAC). This mechanism ensures that only authorized users can access surveillance data and management functions, reducing the risk of data breaches. For instance, in March 2021, Check Point Software Technologies Ltd., an Israel-based software company, reported that hackers had infiltrated many IoT security cameras through the Silicon Valley-based startup Verkada. This breach led to unauthorized access to 150,000 IP cameras deployed in various sensitive locations, including hospitals, police departments, prisons, schools, and well-known companies like Tesla and Equinox. Therefore, the heightened focus on cybersecurity in surveillance networks is driving the growth of the network video recorder market.
Market Trends - Major companies operating in the network video recorder market are developing internet protocol (IP) surveillance solutions to improve security and offer advanced features. IP surveillance solutions enhance network video surveillance by providing higher image quality, scalability, remote access, intelligent analytics, easy integration, cost-effectiveness, and future-proofing. For instance, in June 2021, D-Link Systems Inc., a Taiwan-based communications and networking company, launched the JustConnect 16-Channel H.265 PoE Network Video Recorder (DNR-4020-16P), a comprehensive IP video surveillance solution tailored for small and medium-sized businesses and enterprises. The DNR-4020-16P features integrated Power over Ethernet (PoE) ports for up to 16 cameras, supporting H.265/HEVC for efficient bandwidth usage and high-quality video resolution. It offers built-in high-definition multimedia interface (HDMI) and video graphics array (VGA) ports and keyboard and mouse support for real-time monitoring and playback without extra hardware or software. The DNR-4020-16P is compatible with D-Link's Vigilance camera range and mydlink cameras, enabling access to 16 live channels for live viewing, recording, playback, and pan, tilt, and zoom (PTZ) control. These features are accessible remotely through the JustConnect+ mobile app.
The network video recorder market covered in this report is segmented –
1) By Type: Standalone Network Video Recorder, Rackmount Network Video Recorder, Other Types 2) By Technology: High Definition Internet Protocol (HD-IP), Analog High Definition (HD) 3) By Camera Compatibility: Wired, Wireless 4) By End-Use Vertical: Military And Defense, Government, Healthcare, Manufacturing Or industrial, Transportation, Commercial, Utilities
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Regional Insights - North America was the largest region in the network video recorder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network video recorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the network video recorder market are Panasonic Corporation, Honeywell International Inc., Johnson Controls Inc., Delta Electronics Inc., Hikvision, Zhejiang Dahua Technology Co. Ltd., Ganz Security, Axis Communications AB, Avigilon Corporation, Verint Systems Inc., Teledyne FLIR LLC, IDIS Global, Genetec Inc., VIVOTEK Inc., Milestone Systems, Synology Inc., Pelco Incorporated, D-Link Corporation, Bosch Security Systems, Hanwha Techwin Co. Ltd., Arecont Vision Costar, IndigoVision, Vicon Industries Inc., Lorex Technology Inc., ACTi Corporation
Table of Contents 1. Executive Summary2. Network Video Recorder Market Report Structure3. Network Video Recorder Market Trends And Strategies4. Network Video Recorder Market – Macro Economic Scenario5. Network Video Recorder Market Size And Growth…..27. Network Video Recorder Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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New Trends of Physical Security Market with Industry Analysis by 2023 – 2030
Physical Security Industry Overview
The global physical security market size was valued at USD 127.01 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The need to secure the physical environment from activities such as crime, vandalism, potential burglaries, theft, and fire incidences is one of the crucial factors expected to drive the market. Moreover, factors such as increased spending on the security to protect organization’s critical asset, adoption of cloud-based data storages, advanced analytics, as well as technological developments in access control and video surveillance are some of the key trends expected to drive the market growth.
Gather more insights about the market drivers, restrains and growth of the Physical Security Market
In addition, the shifting focus from legacy solutions such as badge readers, alarm systems, and door locks to advanced logical security which encompasses breach detection, threat management, and intrusion prevention, among others, has helped the organization and government agencies to deter crime incidence and breach at a higher success rate.
For instance, in September 2022, Axis Communications launched two multidirectional, dual-sensor cameras. They are designed for 24/7 operation in difficult lighting conditions and provide excellent wide-angle overviews and zoomed-in detailed coverage. These powerful cameras use a deep learning processing unit based on ARTPEC-8 (DLPU), making it possible to collect and analyze more data and improve processing and storage capacities.
This will help securely communicate precise information about the emergency, such as the severity, kind of danger, and position within the affected building, all before the first rescuers arrive. Governments across different countries and regions are taking up smart city initiatives to enhance their infrastructure and are hence deploying improved security systems. Additionally, modernizing the existing infrastructure with robust security measures and strengthening the security of government agencies have been some of the top priorities for governments across developed countries.
Organizations are increasingly concerned about employee safety and are hence setting up systems to prevent unauthorized access; further driving the demand for physical security solutions. The physical security environment continues to evolve globally. During the past few years, numerous sectors and leading industries such as BFSI, residential, government, and transport, among others have witnessed a swift growth in the number of security breaches.
Furthermore, the growing concerns to ensure the safety of resources, people, and vital assets, against physical threats and unique vulnerabilities are anticipated to become major factors driving the need for a robust security environment. Moreover, rising threat incidents have surged the need to strengthen efforts to maintain a highly secured physical infrastructure at residential as well as business premises.
For instance, in August 2022, Uber and ADT teamed up to integrate ADT's mobile safety solutions into the Uber app. ADT is the most reputable name in smart home and small business security. Uber users in the U.S. can now contact ADT professional monitoring specialists by phone or text to receive live assistance. By integrating ADT's 24/7 professional monitoring, Safe by ADT helps secure millions of gig economy employees and customers. It gives them access to assurance and emergency services when they most need them.
Governments across major regions are continuously involved in strengthening their physical security infrastructure to curb the growing threats. For instance, in December 2021, Axis Communications, AB., a Sweden-based company that provides services to private sectors and governments around the world, launched its body-worn camera for the private security of government officials. The body-worn cameras have advantages of multiple benefits for liability protection, personal safety, and operational efficiency.
The advent of technology such as the Internet of Things (IoT) has potentially created vulnerabilities with additional entry points into the data systems through the connectivity of physical objects. However, IoT has also widened the scope of opportunities for the consumer by enabling data protection through the advanced connected networks of the physical security system.
Furthermore, innovations and technological advancement in integrated sensors, video, and access systems for IoT-enabled devices are anticipated to spur the market at a high rate. For instance, in September 2021, Intel Corporation stated that it uses a software-based IoT platform to manage its physical security and virtual device access. Further, this also ensures that only authorized workers have physical access to the devices through keys or access credentials.
Browse through Grand View Research's Electronic Security Industry Research Reports.
• The global IR camera market size was valued at USD 7.79 billion in 2023 and is projected to grow at a CAGR of 6.5% from 2024 to 2030. As concerns about safety and security continue to rise, businesses, government agencies, and homeowners are investing in infrared camera (IR) cameras to enhance their monitoring capabilities.
• The global commercial radars market size was estimated at USD 6.44 billion in 2023 and is expected to grow at a CAGR of 7.6% from 2024 to 2030. Commercial radars are a dynamic market encompassing a wide range of applications such as aviation, marine, weather monitoring, automotive, security, etc.
Physical Security Market Segmentation
Grand View Research has segmented the global physical security market report based on the component, organization size, end-user, and region:
Physical Security Component Outlook (Revenue, USD Billion, 2017 - 2030) • Systems o Physical Access Control System (PACS) o Video Surveillance System o Perimeter Intrusion Detection And Prevention o Physical Security Information Management (PSIM) o Physical Identity & Access Management (PIAM) o Fire And Life Safety • Services o System Integration o Remote Monitoring o Others
Physical Security Organization Size Outlook (Revenue, USD Billion, 2017 - 2030) • SMEs • Large Enterprises
Physical Security End-user Outlook (Revenue, USD Billion, 2017 - 2030) • Transportation • Government • Banking & Finance • Utility & Energy • Residential • Industrial • Retail • Commercial • Hospitality • Others
Physical Security Regional Outlook (Revenue, USD Billion 2017 - 2030) • North America o U.S. o Canada o Mexico • Europe o U.K. o Germany o France • Asia Pacific o China o India o Japan • South America o Brazil • Middle East & Africa
Order a free sample PDF of the Physical Security Market Intelligence Study, published by Grand View Research.
Key Companies profiled: • Hangzhou Hikvision Digital Technology Co., Ltd. • Honeywell International, Inc. • Genetec Inc. • Cisco Systems Inc. • Axis Communications AB • Pelco • Robert Bosch GmbH • Johnson Controls • ADT LLC • Siemens
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Camera Industry in 2024 :Trends, Segmentation and the Future Outlook
From capturing history-making moments to preserving precious memories, cameras have become an integral part of our lives. Fueling this visual storytelling is the ever-evolving camera market, encompassing a diverse range of technologies catering to everyone – from professional photographers to everyday users documenting their world. This blog delves into the current state of the market in 2024, analyzing its size, segmentation, key trends, and future outlook.
A Market with a Clear Focus on Innovation
The camera industry is constantly pushing the boundaries of imaging technology. According to a report by Ken Research, the global camera market size reached a respectable $38.5 billion in 2023 and is projected to reach $47.2 billion by 2030, boasting a moderate but steady CAGR (Compound Annual Growth Rate) of 4.6%. This growth signifies the continued demand for high-quality cameras and the emergence of specialized applications.
Camera Market Segmentation: Capturing Diverse Needs
The camera market segmentation based on various factors, reflecting the diverse needs of users and the wide variety of camera types available:
By Camera Type:
Action Cameras: Perfect for capturing fast-paced action and extreme environments, these compact and rugged cameras are popular among athletes and adventure enthusiasts.
Digital Camera Market: This segment remains a significant part of the overall market, catering to both professional and amateur photographers. Within digital camera market segment, further sub-divisions exist:
Mirrorless Cameras: These compact and feature-rich cameras are gaining significant traction with professionals and hobbyists alike due to their versatility and image quality. The global mirrorless camera market is expected to reach $22.4 billion by 2030.
DSLR Cameras: While facing increased competition from mirrorless cameras, these workhorses are still favored by some photographers for their ergonomics and optical viewfinders. However, advancements in mirrorless technology may lead to a decline in the DSLR market share in the coming years.
Specialty Cameras: This segment encompasses various niche cameras catering to specific applications:
360-Degree Cameras: These cameras capture immersive, spherical images and videos, gaining traction for virtual reality applications and creating panoramic views.The global 360-degree camera market is expected to reach $3.1 billion by 2030.
Drone Cameras: The rapid growth of the drone industry has fueled the demand for high-quality, lightweight cameras specifically designed for aerial photography and videography.The global drone camera market size is projected to reach $11.2 billion by 2030.
Acoustic Cameras: These specialized cameras use sound waves to create visual representations of sound sources, finding application in leak detection, industrial inspection, and scientific research. While not a mainstream market segment, acoustic cameras are expected to experience niche growth in specific industries.
By Application:
Consumer Cameras: Aimed at casual photographers and smartphone camera upgrades, these cameras offer basic functionality and ease of use.
Professional Cameras: High-end, feature-rich cameras catering to professional photographers who demand exceptional image quality, performance, and durability.
Security Cameras: A booming segment driven by increasing security concerns, encompassing surveillance cameras for home and business use. The global body camera market share, a sub-segment of security cameras focusing on law enforcement applications, is expected to reach $15.7 billion by 2030.
Automotive Camera Market: This niche market focuses on cameras used in advanced driver-assistance systems (ADAS) and autonomous vehicles.The global automotive camera market size is estimated to reach a staggering $42.1 billion by 2030.
Camera Module Market: The Power Behind the Pixels
The camera module market is a vital component of the overall camera industry. These miniature modules integrate the core imaging components (lens, sensor, and processing unit) into a compact package, facilitating their integration into smartphones, drones, and other devices. The global camera module market is expected to reach a massive $68.4 billion by 2030, highlighting its significance in the broader camera ecosystem.
Take a look at: Digital Cameras Market Research Reveals Trends, Segmentation, and Future Outlook
Camera Market Trends: Redefining the Future of Imaging
Several trends are shaping the future of the camera market:
Smartphone Camera Wars: The relentless improvement of smartphone cameras is challenging dedicated cameras for casual photography, especially in the low- to mid-range market segment.
Artificial Intelligence (AI) Integration: AI-powered features like auto-focus, subject recognition, and automatic image enhancement are becoming increasingly common, enhancing user experience and photographic capabilities.
Focus on Computational Photography: Smartphone manufacturers are pushing the boundaries of computational photography, combining multiple images to create high-quality photos, even in low-light conditions.
The Rise of Niche Cameras: Markets for specialized cameras like action cameras and 360-degree cameras are expected to grow, driven by specific use cases and a growing interest in immersive content creation.
Top Players in Camera Market: Capturing Market Share
The camera industry is a competitive landscape with established players vying for dominance. Some of the top players in camera market include:
Canon : A leading manufacturer of professional and consumer cameras, lenses, and imaging solutions.
Sony : Renowned for its innovative mirrorless cameras and strong presence in the smartphone camera sensor market.
Nikon: A traditional powerhouse in the DSLR market, also offering mirrorless cameras and optical equipment.
Fujifilm: Known for its high-quality X-series mirrorless cameras and Instax instant cameras.
GoPro: A pioneer in the action camera market, offering rugged and versatile cameras for capturing adventure.
Camera Market Future Outlook: A Focus on Innovation and Niche Markets
The camera market future outlook suggests continued growth, albeit at a moderate pace.
Smartphone Competition: Smartphone manufacturers will continue to push the boundaries of camera technology, impacting the lower-end of the dedicated camera market.
Niche Market Growth: Markets for specialized cameras like action cameras, 360-degree cameras, and drone cameras are expected to experience significant growth.
Focus on Innovation: Camera manufacturers will need to continuously innovate and differentiate themselves through features like AI integration, advanced image processing, and high-resolution sensors.
Beyond the Lens: The Merging Landscape
An interesting trend is the blurring lines between smartphone cameras and dedicated cameras. Smartphone manufacturers are incorporating multiple lenses and advanced features, while camera manufacturers are exploring smartphone-like connectivity and user interfaces.
This convergence presents both challenges and opportunities for the camera industry. Companies that can successfully adapt and innovate will be well-positioned to capture a share of the evolving photography market.
Conclusion: A Click into the Future
The camera market is a dynamic and ever-evolving landscape. While the dominance of dedicated cameras for casual photography may be challenged by smartphones, the industry is adapting and innovating to cater to professional needs, niche markets, and the growing demand for immersive content creation. As technology continues to advance, the future of the camera market promises exciting new ways to capture and share the world around us.
You can also read about: Opportunities and Trends in the $6.83 Billion Digital Camera Market
#Camera Market#Camera Industry#Camera Sector#Camera Market Size#Camera Market Segmentation#Digital Camera Market#automotive camera market size#drone camera market#body camera market share#camera module market#mirrorless camera market#360 degree camera market#acoustic camera market#action camera market#Camera Market Trends#Top Players in Camera Market#Camera Market Future Outlook
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Home Security Systems Market: Industry Potential, Trends and forecast to 2032
The global home security systems market will be remunerated at over USD 100 billion by 2032. The industry growth is attributed to the increasing awareness and concern for home safety among consumers. The rise in burglary rate and the need for constant monitoring have led homeowners to invest in comprehensive home security systems that offer real-time surveillance, alarms, and remote access.
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Independent homes segment is poised to generate substantial revenues during 2023-2032, driven by the need for tailored and customizable security solutions. Homeowners are increasingly valuing systems that can be individually designed to meet the specific requirements of their residences. Independent homes often have unique layouts and security concerns, making personalized security systems crucial. The ability to choose specific components, such as cameras, sensors, and alarms, allows residents to create a security infrastructure that aligns precisely with their preferences and concerns. This customization not only enhances the efficacy of home security but also provides a sense of ownership and control.
Video surveillance system segment is slated to record high demand through 2032, as homeowners are increasingly drawn to the comprehensive monitoring and real-time visual insights. These systems provide an unparalleled sense of security, allowing residents to remotely monitor their homes and receive instant alerts in case of suspicious activities. The integration of high-definition cameras, night vision capabilities, and smart features such as motion detection enhances the effectiveness of video surveillance in safeguarding homes. Additionally, advancements in cloud technology facilitate convenient storage and retrieval of footage.
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Europe home security systems industry size will grow at a strong CAGR through 2032, attributed to the rising concerns over home safety and security, coupled with an increasing trend towards smart homes. There is a wider focus on real-time monitoring, remote access, and integration with other smart home devices. Stringent regulations and initiatives by European governments aimed at promoting residential security contribute to the market expansion. The emphasis on privacy and the need for reliable surveillance systems surges the installation of sophisticated security solutions.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Home security systems market 360º synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total addressable market (TAM), 2023-2032
2.3 Regional trends
2.4 Home type trends
2.5 Security trends
2.6 Systems trends
2.7 Distribution type trends
Chapter 3 Home Security Systems Market Industry Insights
3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Security & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Increased awareness of home security risks
3.10.1.2 Growing popularity of smart homes
3.10.1.3 Increased urbanization
3.10.1.4 Ongoing advancements in technology
3.10.1.5 User-friendly do-it-yourself options make security systems more accessible.
3.10.2 Industry pitfalls & challenges
3.10.2.1 Cybersecurity threats
3.10.2.2 Technical Complexity
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
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AI(Arificial Intelligence) : growth,devolopment and starups:
Artificial Intelligence (AI) has been one of the fastest-growing technologies in recent years. According to a report by Grand View Research, the AI market is already worth $136.55 billion and is expected to grow at a CAGR of 37.3% from 2023 to 2030 . Another report by Marketsandmarkets predicts that the AI market will be worth $1.35 trillion by 2030 .
AI has already made significant contributions to the global economy. It is estimated that by 2030, AI will contribute $15.7 trillion to the global GDP . In 2020, around 4.2 billion devices carried AI-powered voice assistants, and this number is projected to double to 8.4 billion by 2024 .
AI has also made significant strides in terms of its capabilities. For instance, AI systems like DALL-E and PaLM can produce photorealistic images and interpret and generate language . The chart below shows how AI performance has evolved over the years in various domains, from handwriting recognition to language understanding ...
Artificial intelligence in INDIA : :-
Artificial Intelligence (AI) has been a rapidly growing technology in India. According to a report by NITI Aayog, the National Strategy on Artificial Intelligence (NSAI) released in 2018 highlights the potential of AI to solve social challenges faced by its citizens in areas such as agriculture, health, and education, in addition to the pure economic returns that are brought by this technology . India is the third-largest talent pool for AI talent in the world, with investments in India’s AI capabilities growing at a CAGR of 30.8% and expected to touch $881 Mn in 2023 .
The State of AI in India 2022 report by Analytics India Magazine presents a comprehensive overview of the State of AI in India. It highlights that AI has evolved to become a key driver of Industrial Revolution 4.0. India has a significant stake in the development of AI, with its potential being progressively unleashed in terms of investments, talent, and growing market size .
Closer to home, India has enormous potential for an artificial intelligence revolution. The country has a conducive environment for AI to flourish, being an IT powerhouse and the second-largest online market in the world .
AI has already made significant contributions to the global economy. It is estimated that by 2030, AI will contribute $15.7 trillion to the global GDP .
AI has also made significant strides in terms of its capabilities. For instance, AI systems like DALL-E and PaLM can produce photorealistic images and interpret and generate language . The chart below shows how AI performance has evolved over the years in various domains, from handwriting recognition to language understanding .
What are some AI startups in India?
India has a thriving ecosystem of Artificial Intelligence (AI) startups. According to a report by Analytics India Magazine, here are some of the top AI startups in India in 2022:
SigTuple : A Bengaluru-based startup that uses AI and machine learning to develop medical diagnostic solutions.
Manthan : An AI-based analytics company that provides prescriptive and descriptive analytics for users, grow customer engagement, and recommend actions.
Haptik : A conversational AI platform that provides chatbots and voice assistants for businesses.
Flutura : An AI platform that provides predictive maintenance and asset performance management solutions for industrial IoT.
Uncanny Vision : An AI-based video analytics platform that provides surveillance and security solutions.
Arya.ai : An AI platform that provides deep learning algorithms for businesses.
Bash.ai : An AI-based chatbot platform that provides customer support and engagement solutions.
Niki.ai : An AI-based chatbot platform that provides e-commerce solutions.
These are just a few examples of the many AI startups in India that are making significant contributions to the global economy and driving innovation in various industries.
.....Written by Nilanjan.
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Video Doorbell Market: Global Demand Analysis & Opportunity Outlook 2035
Research Nester’s recent market research analysis on “Video Doorbell Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global video doorbell market in terms of market segmentation by type, distribution channel, end-user, and by region.
Growing Security Concern to Promote Global Market Share of Video Doorbell
The global video doorbell market is estimated to grow majorly on account of the increasing cases of burglary, and trespassing that has raised concern regarding the safety and security of people. As a surveillance camera system results in about 50% of crime reduction, it is one of the key factors propelling the video doorbell market. Also, video doorbell purchases are likely to rise owing to the rapid penetration of the internet and a rising number of connected devices owing to which most amenities are managed with a single tap. Moreover, consumers are getting more fascinated by smart security systems and their several benefits such as easy installation, flexibility mixed with good security, remote locking & unlocking, and the potential to provide quick notifications in the event of a crime. For instance, in 2021, the global video doorbell grew to almost 12 million units. The arrival of new companies with new technological advancements in the globally connected doorbell business is anticipated to drive the sale of the product. It was found that the sales of smart doorbells grew by around 27% in 2022.
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Some of the major growth factors and challenges that are associated with the growth of the global video doorbell market are:
Growth Drivers:
Growing Urbanization
Increasing Efforts to Provide Public Safety and Security
Challenges:
The growing concern for risks associated with data security with video doorbells, and the high cost of technologies that are newly developed are some of the major factors anticipated to hamper the global market size of video doorbells. Due to the expensive nature of smart technologies, people are reluctant to adopt them initially. This, for now, is a major concern for restricted demand.
By type, the global video doorbell market is segmented into wired, and wireless. The wireless segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The substantial development of internet infrastructure globally along with the rise in the adoption of various wireless services including Wi-Fi is anticipated to boost the segment growth. The wireless video doorbells underwent several developments and have developed the potential to provide quick notifications in the event of a crime as these doorbells are hooked up to the internet, which helps to increase the safety of the owners.
By region, the Asia Pacific video doorbell market is to generate the highest revenue by the end of 2035. This growth is anticipated by the growing construction activity in the region as well as the increasing development of smart cities, smart homes, and automated buildings with the government pioneering digital technologies and initiatives in the countries like Singapore, China, South Korea, and others. According to the findings, China has approximately 500 smart city pilot projects, which is the highest in the world. It is observed that smart technologies are already integrated throughout smart houses in many of these countries. Moreover, the advances in the field of artificial intelligence and machine learning are expected to drive the demand for connected doorbells in the commercial sector.
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Physical Security Market is booming worldwide with Leading Key Players
According to a new report published by Allied Market Research, titled, “Physical Security Market,” The physical security market size was valued at $104.6 billion in 2020, and is estimated to reach $192.9 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.
Physical security is a component of a wider security strategy. Security experts agree that the three most important components of a physical security plan are access control, surveillance, and security testing, which work together to make any space more secure. Access control may start at the outer edge of a security perimeter, which one should establish early in the process. Users can use fencing and video surveillance to monitor access to the facility and secure the outdoor area, especially if they have on-site parking or other outside resources. Furthermore, growth in the number in terror attacks and growing awareness boost the growth of the global physical security market. In addition, growth in technological advancements also positively impacts the growth of the market. However, privacy concerns and lack of physical and logical security integration hamper the market growth. On the contrary, increase in demand for physical security in smart cities is expected to offer remunerative opportunities for expansion of the market during the forecast period.
Depending on industry vertical, IT and telecom segment holds the largest physical security market share as telecommunications industry is facing one of the biggest challenges for managing their networks of base stations. Thus, to properly handle their network issues and to increase the security of telecom operator companies are adopting physical security solutions which is enhancing the growth of the market. However, BFSI segment is expected to witness growth at the highest rate during the forecast period, with the implementation of highly advanced technologies into financial infrastructure, physical security has become an integral part of the BFSI industry. The key drivers of the physical security market in BFSI includes regulatory safety standards’ compliance, risk of data loss, and increase in the adoption of cloud security solutions at data centers, ATMs, corporate buildings, and cash depots.
Region-wise, the physical security market was dominated by North America in 2020 and is the home to major players offering advanced solutions in the physical security market. In addition, increase in security measures across various industry verticals, such as commercial, transportation, government, and others owing to high terrorism incidences in the region, are expected to drive the growth of the market during the forecast period.
However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the prominent government and police initiatives to enhance physical security software owing to the increase in crime rate. Factors such as increase in insider threats and physical attacks pose great risks on critical infrastructure zones, particularly in developing countries, such as China and India.
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With the outbreak of COVID-19, it is challenging to put new tools in place to mitigate risk going forward. Now is a good time to consider updating access control to a more modern, future-proofed system that can still be effective, even if 90% of the office is working remotely. Therefore, it also affected the physical security market growth.
KEY FINDINGS OF THE STUDY
By component, the services segment accounted for the largest physical security market share in 2020.
By region, North America generated highest revenue in 2020 in physical security industry
By enterprise size, large enterprise segment is expected to generate more revenue in the physical security market forecast in 2020.
The key players that operate in the physical security market analysis are ADT Inc., BAE Systems, Cisco system Inc., Genetec Inc., HONEYWELL INTERNATIONAL, INC., Johnson Controls, PELCO corporation, Robert Bosch GmbH, STANLEY CONVERGENT SECURITY SOLUTIONS, INC., and Senstar Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the physical security industry.
About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
#Physical Security Market#Physical Security Industry#Physical Security#Infrastructure & Network Security#Access Control as a Service#Video Surveillance as a Service
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Drone Software Market Size, Share, Growth & Analysis by 2027
The Drone software refers to the programs, algorithms, and systems that control and manage the operations of unmanned aerial vehicles (UAVs), commonly known as drones. It encompasses both the onboard software running on the drone itself and the ground control software used by operators to plan missions, monitor flight status, and interact with the drone. The global drone software market size is expected to experience an exponential growth by reaching USD 5,961.6 million by 2027 while exhibiting an astounding CAGR of 25.05% between 2020 and 2027. This is attributable to the increasing adoption of advanced technologies such as artificial intelligence and machine learning in the development of this software across the globe.
Information Scource:
Fortune Business Insights, in its latest, report, titled, “Drone Software Market Size, Share & COVID-19 Impact Analysis, By Architecture (Open Source and Closed Source), By Platform (Application-Based Software and Desktop-Based Software), By Application (Analytics, Image Processing, and Control & Data Capture), and Regional Forecast, 2020-2027,” observes that the market stood at USD 1,165.3 million in 2019 and is likely to gain momentum in the forthcoming years.
List of the Companies Operating in the Global Market:
Airware, Inc (U.S.)
3D Robotics (U.S.)
Dreamhammer Inc. (U.S.)
Drone Volt (France)
DroneDeploy Inc. (U.S.)
ESRI (U.S.)
Pix4D (Switzerland)
Precisionhawk Inc. (U.S.)
Sensefly Ltd.(Switzerland)
Skyward Ltd. (U.S.)
DJI (China)
DroneDeploy (U.S.)
Other Players
Drones are extensively adopted in situations where human intervention is deemed difficult or risky. They enable all-round support by reverting back real-time audio-video information of the activities at the ground. They are equipped with advanced drone software features that require high processing power to solve complex applications such as accurate monitoring and surveying services. The software executes and stores data efficiently while ensuring less usage of CPU, and less draining of the battery.
What does the Report Include?
The global UAVs software market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
DRIVING FACTORS
Increasing Adoption of Artificial Intelligence in Drones to Favor Growth
The unmanned aerial vehicles (UAVs) or drones have a built-in computerized technology such as GPS, programmable controllers, sensors and cameras, and other equipment that facilitate automated flights. In addition to this, the inclusion of advanced technologies such as artificial intelligence (AI) in drone software is aiding in accurate object tracking, obstacle detection, and prevention, among others. The increasing focus on developing smart cities that include advanced features such as well-connected homes, along with the adoption of AI-based security surveillance is driving the demand for drones. This is expected to further boost the global drone software market growth in the forthcoming years.
SEGMENTATION
Open Source Segment to Remain Dominant; Easy Availability of Open Source Software to Spur Demand
The open source segment, based on architecture, is expected to remain at the forefront and hold the highest market share owing to the easy availability and affordability of the open source drone software during the forecast period. Besides, the closed source segment held a market share of 16.4% in 2019 and is likely to gain momentum owing to the rising demand for customized and secured architecture in UAVs from military purposes.
REGIONAL INSIGHTS
Presence of Major Companies in North America to Promote Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global UAVs market in the forthcoming years. This dominance is attributed to the presence of multiple established commercial UAVs manufacturers in the region. Additionally, the region stood at USD 422.7 million in 2019. The market in Asia-Pacific is expected to showcase a significant growth during the forecast period. This is ascribable to factors such as the increasing adoption of drones that are driving the demand for this software across several industrial applications such as agriculture, construction, and infrastructure, among others between 2020 and 2027.
COMPETITIVE LANDSCAPE
Collaboration between Major Companies to Consolidate Their Market Positions
The global drone software market is dominated by major companies such as DroneDeploy and Airwave. These companies are collaborating with the other key players to strengthen their positions in the highly competitive global marketplace. The other major companies such as 3D Robotics and Dreamhammer, Inc. are set to adopt strategies such as the introduction of new products, merger and acquisition, and partnership to maintain their market presence during the forecast period.
Industry Development
July 2020: Aerodyne Group, a Malaysian drone software company, announced its collaboration with Celcom Axiata Berhad to develop IR 4.0 solutions that focus on the agricultural and urban sectors. The collaboration is aimed at jointly developing innovative drone solutions by adopting automation, artificial intelligence (AI), and machine learning technologies.
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The term ‘home security solutions’ refers to a system that helps people safeguard their homes against intruders. Installing home security systems appears to be the most effective approach to protect your house and family from intruders, robbery, theft, fire, and toxins. Video surveillance, access control, fire alarms, motion detectors, and other devices are included in home security solutions. Closed-circuit television is widely used to monitor the doors, corridors, and elevators in apartment complexes. The demand for these solutions is growing as a result of the increased need to prevent break-ins and track intruder movement throughout the property. Home incursion occurrences account for the majority of home safety incidents, affecting families all over the world.
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Wireless Home Security Camera Market to Observe Rugged Expansion at a Top CAGR by 2030
Demand for wireless home security camera market in the near future is expected to substantially soar, impelled by growing consumer attention to various home safety and protection measures. In recent years, the thriving technological advancements together with significant cost reductions have made way for improved features in video surveillance equipment. Some of these include optimum recording capabilities, affordability, and video camera quality.
With the rapidly intensifying crime rate worldwide, a lot of emphasis is laid on identifying people and tracking their movements with the help of recorded footage. These latest trends are playing a key role in the transformation of the wireless home security camera industry. Apart from being easy to install, these systems make use of minimal wiring and can be relocated in case the homeowner plans of re-installing them in new homes.
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Speaking of which, several companies operating in this business avenue are turning to inorganic marketing strategies and innovation-based measures to widen their global reach and amplify their revenue sales. For instance, in August 2021, Xiaomi introduced Mi 360° Home Security Camera 2K Pro, its new upgraded security solution equipped with an F1.4 aperture and 6P Lens for recording at 2K resolution for improved details and sharper videos for ensuring the users’ safety.
Taking note of these factors, the wireless home security camera market size is expected to record over 220 million units in terms of global industry shipments by 2030.
Greater adoption of doorbell cameras
Driven by the surging rate of burglaries both during the day and night at the victim’s residence, the demand for wireless home security doorbell cameras will grow at a robust pace in the coming years. As per the FBI Crime Data, over 903,627 cases of burglary were reported in the U.S. in 2020. Home video doorbells deployed with motion sensors assist homeowners in monitoring who approaches their homes and ward off the potential intruders.
In fact, doorbell security systems can be considered additional cameras that help monitor the property while screening the visitors. The wireless home security camera market expansion can also be attributed to the rising count of front door burglars in the rising years. Lately, video doorbells with animal alerts, two-way talk, and built-in radar tracking have also recorded immense popularity.
Thriving online sales
The increasing sales of electronic products across online distribution channels will add positive impetus to the adoption of wireless home security cameras. According to recent estimates, the COVID-19 pandemic helped add close to $219 billion to the U.S. ecommerce sales in 2020-2021. Online platforms are highly favored for not only saving a lot of consumer time and effort but also for giving detailed information about the products.
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The wireless home security camera market will also gain notable proceeds from online channels with the provision of good discounts and lower prices and the abundant variety as well as a range of available products.
Overall, with the swiftly proliferating population of technologically savvy homeowners, and lower installation costs along with the minimum required maintenance, the popularity of wireless home security cameras is on a significant rise. Their increasing penchant over wired systems on account of their simplified functioning, devoid of any electrical power source will further enhance their deployment in the years to come.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.2 Methodology & forecast parameters
1.3 Impact of COVID-19 pandemic
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 MEA
1.4 Region wise impact
1.4.1 North America
1.4.2 Europe
1.4.3 Asia Pacific
1.4.4 Latin America
1.4.5 MEA
1.5 Impact of Russia-Ukraine war
1.6 Data sources
1.6.1 Secondary
1.6.2 Primary
1.7 Industry glossary
Chapter 2 Executive Summary
2.1 Wireless home security camera market 3600 synopsis, 2018 – 2030
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Resolution trends
2.1.4 Type trends
2.1.5 Application trends
2.1.6 Distribution channel trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/wireless-home-security-camera-market
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
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#Wireless Home Security Camera Market Analysis#Wireless Home Security Camera Market by Type#Wireless Home Security Camera Market Share#Wireless Home Security Camera Market Development
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Global Video Intercom Devices Market Analysis 2024: Size Forecast and Growth Prospects
The video intercom devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Video Intercom Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The video intercom devices market size has grown rapidly in recent years. It will grow from $28.19 billion in 2023 to $32.66 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to increasing security concerns, growing urbanization, rising disposable incomes, growing demand for smart homes and enhanced building infrastructure.
The video intercom devices market size is expected to see rapid growth in the next few years. It will grow to $59.55 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to the increasing adoption of smart home devices, rise in residential and commercial construction, growing awareness of safety and security, increasing investment in the smart building and smart homes, growing demand for video surveillance or security equipment and expanding urban population. Major trends in the forecast period include integration with smart home systems, adoption of wireless and IoT connectivity, growing demand for high-definition video resolution, adoption of cloud-based video intercom systems, increasing adoption of voice-activated controls.
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Scope Of Video Intercom Devices Market The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Video Intercom Devices Market Overview
Market Drivers - The rising demand for security and surveillance is expected to propel the growth of the video intercom device market going forward. Security and surveillance refer to the measures and systems employed to monitor, detect, and respond to potential threats and unauthorized activities, such as robbery and safety concerns, in various environments. The demand for security and surveillance is increasing due to increasing crime rates, terrorism and global threats, urbanization and population growth, cybersecurity threats, and enhancing public safety. Video intercom systems contribute significantly to security and surveillance by providing visual verification, access control, remote monitoring, and integration capabilities, improving the safety and protection of residential, commercial, and institutional premises. For instance, in October 2023, according to the Office for National Statistics, a UK-based non-ministerial department, UK police recorded robberies reaching 77,337 incidents in 2023, compared to 69,432 incidents in 2022. Therefore, the rising demand for security and surveillance is driving the growth of the video intercom device market.
Market Trends - Major companies operating in the video intercom device market focus on developing advanced products, such as the preprogrammed box set with video intercom system, to streamline installation processes and enhance user convenience. A preprogrammed box set with a video intercom system is an all-in-one, ready-to-install package with preconfigured monitors, cameras, and wiring for seamless setup. For instance, in April 2023, AiPhone Co. Ltd., a US-based international intercom and security communication product manufacturer, launched the IX Series kit, a preprogrammed and preassembled box set with a video intercom system ready to install. The IX Series is a network-based communication and security system featuring video entry security, internal communication, emergency stations, and paging. Key features include video entry, access control, integration with IP cameras and access control systems, and mobile app integration. The IX Series kit is aimed at installers transitioning from traditional analogy-based intercom systems to IP-based video intercom systems.
The video intercom devices market covered in this report is segmented –
1) By Device Type: Door Entry Systems, Handheld Devices, Video Baby Monitors 2) By System: Wired, Wireless 3) By Technology: Analog, Internet Protocol-Based 4) By End-User: Commercial, Residential, Government, Other End-Users
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Regional Insights - North America was the largest region in the video intercom devices market in 2023. The regions covered in the video intercom devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the video intercom devices market are Apple Inc., Samsung Electronics Co. Ltd., Panasonic Corporation, Honeywell International Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Legrand, Dahua Technology, VTech Communications Inc., Axis Communications AB, Snap One LLC, URMET S.p.A., Ring LLC, Grandstream Networks Inc., Siedle, Zenitel, Bosch Security Systems, ButterflyMX Inc., 2N, FERMAX, Comelit Group S.p.A., Bird Home Automation GmbH, CyberData Corporation, Alpha Communications
Table of Contents 1. Executive Summary 2. Video Intercom Devices Market Report Structure 3. Video Intercom Devices Market Trends And Strategies 4. Video Intercom Devices Market – Macro Economic Scenario 5. Video Intercom Devices Market Size And Growth ….. 27. Video Intercom Devices Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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Edge AI Market to surpass USD 70 billion by 2032
As per a recent research report, Global Edge AI Market share is likely to surpass USD 70 billion valuation by 2032.
Global Edge AI Market size is predicted to expand considerably throughout the forecast period 2023 to 2032 due to the rising consumer inclination towards smart homes.
Integration of edge AI supports monitoring of temperature, gas density, humidity, and home security. Increased customer expectations and a rise in the availability of such advanced gadgets are predicted to boost the market share for edge AI. Furthermore, the growing demand for consistent data access and low latency across industries is fueling the need for powerful edge AI infrastructure. Using edge AI technologies, businesses can achieve significant cost and performance savings.
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In April 2021, multinational technology company, Intel, introduced third-generation Xeon scalable CPU which allows for the implementation of a flexible and scalable infrastructure. It can enhance workloads related to 5G, AI, and other high-performance computing, network security, and clouds.
Moreover, the increased acceptance of remote working since the COVID-19 outbreak is another factor influencing the industry's growth. Edge AI enables businesses to securely grant access of internal resources to their distant workers. Additionally, it lowers the price and maintenance expenses related to physical network infrastructure.
The edge AI industry is bifurcated as per component, end-user, application, and region.
Based on component, the services segment of the edge AI market is anticipated to grow at a rapid pace during the forecast period resulting from the global development of edge-based technology. Further, the subdivisions comprising training and consulting, system integration and testing, and support and maintenance make up the service market segment.
Due to the rising demand for dependable and low-latency data access throughout all companies, the system integration and testing segment will continue to expand. Furthermore, the expansion of the support and maintenance segment is attributed to its capacity to help organizations give speedy remote assistance for reducing network outages which will boost the overall market share.
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In terms of end user, the government segment is anticipated to exceed USD 3 billion by 2032 owing to the increasing adoption of edge AI helping government offices to consolidate and centralize their IT resources to enable users to access the system anytime from anywhere. The growing digitization and need for robust wireless connectivity across government agencies are fueling market growth. For instance, MEA governments are digitalizing all of their departments and services, improving their infrastructure, and providing new services like e-applications that speed up administrative processes.
Depending on application the edge AI market the segmented as video surveillance, remote monitoring, predictive maintenance, and other segments. The adoption of telemetry in the healthcare industry is covered in the other category. This technology aids in the automatic detection of abnormalities in the operation of telemedicine devices. Telemetry in medical equipment also helps with patient management, diagnosis, and treatment from a distance. Such a wide range of edge AI applications will promote industry growth.
Regionally, the Middle East edge AI market was valued at over USD 500 million in 2022 as several telecom operators are increasingly emphasizing on trials and deployment of 5G across the region accelerating revenue growth. Soaring demand for edge computing and data centers owing to the development of smart cities in Saudi Arabia and the UAE has led to massive investments in the IT sector, especially in GCC countries like Saudi Arabia, the UAE, and Qatar will push the market growth further.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone:1-302-846-7766 Toll Free: 1-888-689-0688 Email: [email protected]
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All you want to know about Drone
What is Drone?
A drone is an unmanned aerial vehicle (UAV) that can be remotely controlled for a variety of purposes. Drones are most commonly associated with military operations and surveillance. However, by outfitting these relatively small unmanned robots with video production equipment, they have taken a giant leap forward in terms of commercial and personal uses. In recent years, drones have been the subject of a variety of Hollywood movies including Eye in the Sky and Good Kill. Civilian use of UAVs is rapidly increasing in both commercial and personal videography. They can be pre-programmed to fly specific flight paths by integrating software and GPS information or hand manipulated. In terms of video production, they’ve expanded and refined many filmmaking techniques.
How Drones Work
A typical unmanned aircraft is made of light composite materials to reduce weight and increase maneuverability. This composite material strength allows military drones to cruise at extremely high altitudes.
Drones are equipped with different state of the art technology such as infrared cameras, GPS and laser (consumer, commercial and military UAV). Drones are controlled by remote ground control systems (GSC) and also referred to as a ground cockpit.
An unmanned aerial vehicle system has two parts, the drone itself and the control system. If you are looking for best drone camera under 5000 in India then you can buy by using coupon codes and get heavy discount.
What Is A Drone And UAV Technology
Below we examine the science and drone technology behind the DJI Phantom 3 UAV. We also have plenty of information on the latest drone technologies from the newest drones on the market.
There are plenty of links where you can read deeper into various components of drone technology. For example, here is a terrific drone components overview article. This gives information on the individual components seen in most drones.
Drone Types And Sizes
Drones come in a wide variety of sizes, with the largest being mostly used for military purposes such as the Predator drone. The next in size are unmanned aircraft, which have fixed wings and require short runways. These are generally used to cover large sections of land, working in areas such as geographical surveying or to combat wildlife poaching.
VTOL Drones
Next in size for drones are what is known as VTOL drones. These are generally quadcopters but not all. VTOL drones can take off, fly, hover and land vertically. The exact meaning of VTOL is “Vertical Take-Off and Landing”.
Radar Positioning & Return Home
The latest drones have dual Global Navigational Satellite Systems (GNSS) such as GPS and GLONASS.
Drones can fly in both GNSS and non satellite modes. For example DJI drones can fly in P-Mode (GPS & GLONASS) or ATTI mode, which doesn’t use GPS.
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