#Global Home Video Surveillance Systems Market Trends

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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.

[rohanisblog]

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.

A Request of this Sample PDF File@- https://www.astuteanalytica.com/request-sample/home-automation-market

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

For Purchase Enquiry: https://www.astuteanalytica.com/industry-report/home-automation-market

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

Download Sample PDF Report@- https://www.astuteanalytica.com/request-sample/home-automation-market

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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[jayanthitbrc]

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.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/network-video-recorder-global-market-report

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

Get an inside scoop of the network video recorder market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15617&type=smp

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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[tamanna31]

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

[dipti122]

Surveillance System I Security & Surveillance System

The smart and best surveillance system is rapidly advancing. With the introduction of AI (Artificial Intelligence), ML (Machine Learning), and 4K video resolution, today’s security equipment necessitates more data storage and integrated technology capabilities. The comprehensive data and improved media quality have an impact on the speed, network, and storage space. Because surveillance technology must remain operational 24 hours a day, backup and storage are critical issues that must be considered at the outset. To function substantially in safe-shielding the premises, these systems must include hybrid hardware and software components.

Thermal imaging has become the norm as health and safety concerns have risen to the top of the priority list for businesses. Unquestionably, monitoring health standards is at the forefront of ensuring the safety of the environment and the employees. Furthermore, edge computing and cloud computing will be critical, as firms seek to analyze data at the edge as well as in the cloud. Another crucial element that businesses must consider when implementing the best surveillance systems for real-time pattern recognition is latency.

Technology innovation is still shaping numerous industries and the emergence of advanced technology ushers in new trends. Let’s take a look at the most recent CCTV surveillance technology trends and how the most recent security gadgets are serving these evolving needs. When you are not at home, having the greatest security camera for your home will give you peace of mind. When motion is detected, a smart security camera records footage and sends an alert message to your phone. Home security cameras are inexpensive, simple to install, and available in weatherproof versions that can be used both indoors and outdoors.

With so many alternatives on the market – indoor, outdoor, wireless, and DIY – it might be difficult to discover the ideal match for the camera system you have in mind. But don’t worry; we’ll assist you in locating the ideal gadget for the job.

10 Best Camera Surveillance System of 2022

1. Reolink Argus 3 Pro: Overally best 2. Google Nest Camera: Best tech 3. Abode Iota: Best all-in-one camera 4. Canary Pro: Best climate sensors 5. Blink Indoor: Grate battery life 6. Wyze Cam v3: Budget camera 7. Amcrest 4MP ProHD: Best pan-tilt 8. YI Dome Camera: Good for privacy 9. Arlo Pro 4: Good for smart home 10. Ring Stick Up Cam Battery: Best for Alexa

Global Surveillance System

The mass observation of whole populations beyond national borders is known as “global mass surveillance.” Its presence was not widely acknowledged by governments or the mainstream media until Edward Snowden’s global surveillance revelations sparked a debate about the right to privacy in the digital age.

Its origins may be traced back to the mid-twentieth century when the United Kingdom and the United States signed the UKUSA Agreement, which was later expanded to include Canada, Australia, and New Zealand to form the current Five Eyes alliance. The alliance established cooperation agreements with a number of “third-party” nations. This eventually led to the construction of a global surveillance network known as “ECHELON” (1971).

Conclusion

A good surveillance system is equipped with modern, cutting-edge technologies. Thermal imaging, edge computing, and cloud computing will be critical as firms seek to analyze data at the edge and in the cloud. When motion is detected, a smart security camera records footage and sends an alert message to your phone. We take a look at the most recent CCTV surveillance technology trends and how gadgets are serving these needs. OdiTek is a leading software company, providing software development services to high-quality video surveillance software product companies. For more information, drop a message at info@oditeksolutions.com.

[researchrealmblog]

Why will RF Semiconductor Usage Shoot Up in Asia-Pacific in Future?

The burgeoning sales of smartphones in both developed and developing countries are driving the demand for radio frequency (RF) semiconductors across the world. Emerging economies such as India, Pakistan, China, Nigeria, and Indonesia are witnessing a sharp surge in smartphone usage, on account of the rising internet penetration, soaring disposable income of people, and increasing urbanization rate. According to the Global System for Mobile Communications Association’s Mobile Economy 2020 report, in APAC, smartphone usage will rise from 64% of the total population to 81% from 2019 to 2025.

The other major factor driving the expansion of the RF semiconductor market is the growing adoption of the internet of things (IoT) technology in various operations. IoT assists in building an interconnected framework of physical things such as smart systems through secure networks with the help of RF technologies. For instance, RF transceivers are incorporated in smart home systems for connecting with the internet using Bluetooth or Wi-Fi. In addition to this, the surging number of smart city projects in various countries is also augmenting the requirement for smart devices.

Besides, the rapid technological advancements being made in wireless communication are also fueling the sales of RF semiconductors across the world. Due to these factors, the revenue of the market will surge from $2.1 billion in 2019 to $5.0 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will advance at a CAGR of 8.8% from 2020 to 2030. Gallium arsenide (GaAs), indium phosphate (InP), silicon (Si), silicon-germanium (SiGe), and gallium nitride (GaN) are the most commonly used types of RF semiconductor materials.

Out of these, the demand for GaAs RF semiconductors was found to be the highest during the last few years, primarily due to their less power dissipation, lower power consumption, high efficiency, and high voltage and temperature tolerance than the other RF semiconductors. Power amplifiers, low-noise amplifiers (LNA), switches, tuners, and filters are the main components used in RF semiconductors. Out of these, the demand for power amplifiers was observed to be the highest in 2019.

This was ascribed to the fact that power amplifiers are one of the essential components of telecommunication and consumer electronic devices. Moreover, the surging demand for tablets, smartphones, laptops, surveillance systems, gaming consoles, IoT devices, and networking equipment and the increasing infrastructural development activities are propelling the sales of power amplifiers. Across the world, the demand for RF semiconductors was the highest in the Asia-Pacific (APAC) region in the years gone by.

This trend is also predicted to continue in the forthcoming years, mainly because of the growing usage of wireless communication devices, soaring popularity of the IoT technology, burgeoning requirement for video streaming, and rapid digitization of various business operations in the region. On the other hand, North America is expected to be the fastest growing region in the RF semiconductor market in the upcoming years, mainly because of the increasing internet penetration and surging adoption of the 5G technology in the region.

Hence, it is safe to say that the demand for RF semiconductor will surge sharply in the coming years, primarily because of the increasing usage of smartphones, growing 5G deployment, and soaring adoption of the IoT technology across the world.

[bishtmeenakshi]

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

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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

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. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: sales@gminsights.com 

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Drone Software Market Size, Share, Types, Products, Trends, Growth, Applications and Forecast by 2027

A Drone software market refers to the computer programs and algorithms that enable drones to perform various tasks, from basic flight controls to complex autonomous operations. Drone software typically includes a flight controller program that manages the drone's flight systems, such as GPS, sensors, and motors, and provides real-time data to the operator. Drone software can be proprietary or open-source, and some popular open-source platforms include ArduPilot, PX4, and Dronecode. Many drone manufacturers also provide software development kits (SDKs) and application programming interfaces (APIs) to allow third-party developers to create custom software applications for their drones.

Information Source:

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 2023 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. 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, 2023-2027,” observes that the market stood at USD 1,165.3 million in 2019 and is likely to gain momentum in the forthcoming years.

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. 

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.

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

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. 

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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Bullet IP Camera Market Trends and Strategic Development Study 2024 - 2032

The Bullet IP Camera market has been witnessing significant growth driven by increasing security concerns, advancements in technology, and the rising demand for surveillance solutions across various sectors. This article provides a comprehensive overview of the Bullet IP Camera market, including its definition, key features, market dynamics, applications, and future prospects.

Overview of Bullet IP Cameras

What is a Bullet IP Camera?

The Bullet IP camera market is poised for significant growth as security concerns continue to rise globally. With advancements in technology and the increasing integration of smart solutions, Bullet IP cameras are a type of surveillance camera characterized by their cylindrical shape, resembling a bullet. They are designed for outdoor use, often featuring weatherproof casings that protect against the elements. These cameras utilize Internet Protocol (IP) technology, allowing for high-resolution video streaming and remote access via networks.

Key Features

High Definition Video: Bullet IP cameras often offer resolutions ranging from 720p to 4K, providing clear and detailed images.

Infrared Night Vision: Many models come equipped with infrared capabilities, allowing for visibility in low-light conditions.

Motion Detection: Advanced motion detection features help to trigger alerts and reduce false alarms.

Remote Access: Users can monitor feeds remotely through mobile apps or web browsers.

Market Dynamics

Current Trends

Increasing Demand for Security Solutions: Growing concerns over crime and safety have led to increased investments in surveillance systems, including Bullet IP cameras.

Technological Advancements: Innovations such as artificial intelligence (AI) and machine learning are enhancing the capabilities of Bullet IP cameras, making them smarter and more efficient.

Integration with Smart Home Systems: The rising trend of smart homes has increased the adoption of Bullet IP cameras, which can be seamlessly integrated into home automation systems.

Challenges

Privacy Concerns: The use of surveillance cameras raises ethical and privacy issues, which can hinder adoption in certain regions.

High Initial Costs: The upfront investment for high-quality Bullet IP cameras and their installation can be a barrier for some consumers.

Applications of Bullet IP Cameras

Commercial Security

Bullet IP cameras are widely used in commercial settings, including retail stores, banks, and corporate offices, to enhance security and monitor activities.

Residential Security

Homeowners increasingly rely on Bullet IP cameras to protect their properties and deter intruders. The ease of installation and remote monitoring capabilities make them a popular choice.

Public Surveillance

Municipalities use Bullet IP cameras for public safety in urban areas, parks, and transportation hubs to monitor crowds and enhance security.

Industrial Applications

Manufacturing facilities and warehouses deploy Bullet IP cameras to monitor operations, prevent theft, and ensure worker safety.

Regional Analysis

North America

The North American market is a significant player in the Bullet IP camera sector, driven by high security spending and technological advancements. The United States is the largest market, with increasing demand from both commercial and residential sectors.

Europe

Europe is witnessing steady growth in the Bullet IP camera market, bolstered by stringent security regulations and a growing emphasis on public safety. Countries such as the UK and Germany are leading the adoption of advanced surveillance technologies.

Asia-Pacific

The Asia-Pacific region is expected to see the fastest growth in the Bullet IP camera market due to rapid urbanization, rising crime rates, and increasing investments in security infrastructure. Countries like China and India are at the forefront of this growth.

Key Players in the Market

Leading Manufacturers

Some of the prominent companies in the Bullet IP camera market include:

Hikvision: A global leader in video surveillance products, offering a wide range of Bullet IP cameras with advanced features.

Dahua Technology: Known for its innovative security solutions, Dahua provides high-performance Bullet IP cameras suitable for various applications.

Axis Communications: A pioneer in network video technology, Axis offers high-quality Bullet IP cameras with robust features and performance.

Emerging Companies

New entrants in the market are leveraging innovative technologies and competitive pricing to capture market share. These include:

Reolink: Known for affordable and easy-to-use surveillance solutions, including Bullet IP cameras targeted at the DIY market.

Amcrest: Focuses on providing high-quality security cameras at competitive prices, appealing to both residential and commercial consumers.

Future Outlook

Growth Projections

The Bullet IP camera market is expected to grow at a compound annual growth rate (CAGR) of approximately 10-12% over the next five years. Key factors driving this growth include:

Increasing security threats and the need for enhanced surveillance solutions.

Ongoing advancements in camera technology, including AI and IoT integration.

Rising demand for smart home security systems.

Innovations to Watch

AI-Powered Features: Integration of AI capabilities for facial recognition, anomaly detection, and intelligent video analytics.

Cloud Storage Solutions: The rise of cloud-based storage for easier access and management of video footage.

Enhanced Connectivity: Development of better connectivity options, such as 5G integration, for seamless video streaming.

Conclusion

Bullet IP cameras offer effective surveillance options for various applications. As the market evolves, both established and emerging players will need to focus on innovation and consumer needs to remain competitive in this dynamic landscape. The future of Bullet IP cameras looks promising, with ongoing developments that will enhance their capabilities and expand their market reach.

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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.

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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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Headlines

Juneteenth takes on new meaning amid push for racial justice (AP) Protesters marched over the Brooklyn Bridge, chanted “We want justice now!” near St. Louis’ Gateway Arch, stopped work at West Coast ports and paused for a moment of silence at the Martin Luther King Jr. Memorial in Washington, as Americans marked Juneteenth with new urgency Friday amid a nationwide push for racial justice. The holiday, which commemorates the emancipation of enslaved African Americans, is usually celebrated with parades and festivals but became a day of protest this year in the wake of demonstrations set off by George Floyd’s killing at the hands of Minneapolis police. In addition to traditional cookouts and readings of the Emancipation Proclamation—the Civil War-era order that declared all enslaved people free in Confederate territory—Americans of all backgrounds were marching, holding sit-ins or taking part in car caravan protests. Thousands gathered at a religious rally in Atlanta. Hundreds marched from St. Louis’ Old Courthouse, where the Dred Scott case partially played out, a pivotal one that denied citizenship to African Americans but galvanized the anti-slavery movement. Protesters and revelers held signs in Dallas, danced to a marching band in Chicago and registered people to vote in Detroit.

Law enforcement families face harassment, vandalism, and threats at home (Washington Examiner) Law enforcement officers say they and their families face harassment and bullying by strangers and neighbors as a result of a nationwide crackdown on law enforcement following protests around the death of George Floyd. One former Minneapolis police officer, Derek Chauvin, faces a charge of second-degree murder over the 46-year-old black man’s death. The episode triggered nationwide protests over police practices and some violence and looting. At the same time, police officers around the nation, facing scrutiny by local, state, and federal officials, say morale is down in local departments. Budgets have been cut, and overtime pay for shifts during protests has been slashed. And the homes of police officers have been vandalized while anti-law enforcement activists have watched them from outside. Paul Chabot, a retired deputy sheriff reserve out of San Bernardino County, California, who runs a website that helps officers relocate to police friendly municipalities, told the Washington Examiner that officers and their wives who reach out to him reveal their children are targeted as well. “It’s not the same like it was even just two weeks ago, three weeks ago, just because they’re a law enforcement family now. Their kids are being targeted by people in the neighborhood.”

The battle over masks in a pandemic: An all-American story (Washington Post) In this sprawling, heterogeneous country, the pandemic has become yet another thing on which Americans are divided. Mask-wearing for some people is an identifier of broader beliefs and political leanings. Like so many issues rooted in science and medicine, the pandemic is now fully entangled with ideological tribalism. This has played out before: helmets for motorcyclists, seat belts in cars, smoking bans in restaurants. All of those measures provoked battles over personal liberty. Now it’s masks and the coronavirus, with face coverings emerging as an emblem for what cleaves the nation. A flurry of recent studies supports wearing cloth face coverings as a means to limit transmission of the novel coronavirus, which causes the illness covid-19. To many people, masks represent adherence to civic duty and a willingness to make individual sacrifices for the greater good of public health. To others, masks symbolize government overreach and a violation of personal liberty.

U.S. Watched George Floyd Protests in 15 Cities Using Aerial Surveillance (NYT) The Department of Homeland Security deployed helicopters, airplanes and drones over 15 cities where demonstrators gathered to protest the death of George Floyd, logging at least 270 hours of surveillance, far more than previously revealed, according to Customs and Border Protection data. The department’s dispatching of unmanned aircraft over protests in Minneapolis last month sparked a congressional inquiry and widespread accusations that the federal agency had infringed on the privacy rights of demonstrators. But that was just one piece of a nationwide operation that deployed resources usually used to patrol the U.S. border for smugglers and illegal crossings. Aircraft filmed demonstrations in Dayton, Ohio; New York City; Buffalo and Philadelphia, among other cities, sending video footage in real time to control centers managed by Air and Marine Operations, a branch of Customs and Border Protection. The footage was then fed into a digital network managed by the Homeland Security Department, called “Big Pipe,” which can be accessed by other federal agencies and local police departments for use in future investigations, according to senior officials with Air and Marine Operations.

Barber offers hope in Peruvian barrios devastated by virus (AP) Once a week, barber Josué Yacahuanca makes his way up the dusty hills of Peru’s capital, heading into its poorest neighborhoods carrying a treasured golden briefcase that holds his life’s passion—five clipper blades, 20 combs, four scissors and a bottle with alcohol. Yacahuanca seeks out clients devastated by a coronavirus lockdown that has gone on for nearly 100 days in an attempt to stem the wave of new infections. He does it for free. “I want them to look in the mirror and see a bit of hope,” said Yacahuanca, who though just 21 years old is a veteran barber, having started cutting hair at age 13. Yacahuanca had a rocky start in life himself. Abandoned by his mother, he was raised by his godmother, Gloria Alvarez. Despite obstacles, he discovered a business savvy at a young age. He hustled at odd jobs, selling sweets, cleaning houses, working in outdoor markets and at a bus station.

Brazil tops 1 million cases as coronavirus spreads inland (AP) Brazil’s government confirmed on Friday that the country has risen above 1 million confirmed coronavirus cases, second only to the United States. Official data show a downward trend of the virus in Brazil’s north, including the hard-hit region of the Amazon, a plateau in cases and deaths in the countries’ biggest cities near the Atlantic coast, but a rising curve in the south. In the Brazilian countryside, which is much less prepared to handle a crisis, the pandemic is clearly growing. Many smaller cities have weaker health care systems and basic sanitation that’s insufficient to prevent contagion.

European powers refuse to back U.S. call for escalating Iran sanctions (Washington Post) France, Germany and Britain said they will not support reimposing sanctions on Iran if a U.N. arms embargo is not extended, but they urged Tehran to allow inspectors into sites where nuclear material may be stockpiled.

China unveils details of national security law for Hong Kong amid backlash (Reuters) Beijing unveiled details of its new national security law for Hong Kong on Saturday, paving the way for the most profound change to the city’s way of life since it returned to Chinese rule in 1997. The much-anticipated legislation, which has provoked deep concerns in Washington and Europe, includes a national security office for Hong Kong to collect intelligence and handle crimes against national security, the official Xinhua news agency reported. It said Hong Kong leader Carrie Lam could also appoint specific judges to hear national security cases, a move likely to unnerve some investors, diplomats and business leaders in the global financial hub. China says the draft law is aimed at tackling separatist activity, subversion, terrorism and collusion with foreign forces, but critics fear it will crush wide-ranging freedoms that are seen as key to Hong Kong’s status as a global financial centre.

Egyptian president says Libyan city Sirte a ‘red line’ (AP) Egypt’s president Saturday warned that an attempt by Turkey-backed forces in Libya to attack the strategic city of Sirte would cross a “red line” and trigger a direct Egyptian military intervention into the conflict. Abdel Fattah el-Sissi, in televised comments, said Egypt could intervene in neighboring Libya with the intention of protecting its western border with the oil-rich country, and to bring stability, including establishing conditions for a cease-fire, to Libya. El-Sissi warned that any attack on Sirte or the inland Jufra air base by forces loyal to the U.N.-supported but weak government in Tripoli would amount to crossing a “red line.” “Let’s stop at this (current) front line and start negotiations to reach a political solution to the Libyan crisis,” he said.

Ethiopia to fill disputed dam, deal or no deal (AP) It’s a clash over water usage that Egypt calls an existential threat and Ethiopia calls a lifeline for millions out of poverty. Just weeks remain before the filling of Africa’s most powerful hydroelectric dam might begin, and tense talks between the countries on its operation have yet to reach a deal. In an interview with The Associated Press, Ethiopian Foreign Minister Gedu Andargachew on Friday declared that his country will go ahead and start filling the $4.6 billion Grand Ethiopian Renaissance Dam next month, even without an agreement. “For us it is not mandatory to reach an agreement before starting filling the dam, hence we will commence the filling process in the coming rainy season,” he said. “We are working hard to reach a deal, but still we will go ahead with our schedule whatever the outcome is. If we have to wait for others’ blessing, then the dam may remain idle for years, which we won’t allow to happen,” he said. He added that “we want to make it clear that Ethiopia will not beg Egypt and Sudan to use its own water resource for its development,” pointing out that Ethiopia is paying for the dam’s construction itself. He spoke after the latest round of talks with Egypt and Sudan on the dam, the first since discussions broke down in February, failed to reach agreement.

Congo president’s chief of staff guilty in corruption trial (AP) A court in Congo on Saturday sentenced the president’s chief of staff, Vital Kamerhe, to 20 years of forced labor after he was found guilty of corruption and embezzlement of more than $50 million. His lawyers said they would appeal. Kamerhe, 61, has called the trial a political attack on himself and President Felix Tshisekedi, who has not commented on the case. The charges stem from what the court said was “unequivocal” participation in the embezzlement of money from projects undertaken by the president during his first 100 days in office last year.

[wolfliving]

Meanwhile, in AI-ethics land

https://ainowinstitute.org/AI_Now_2019_Report.pdf

(...)

2.1 The Private Automation of Public Infrastructure

As attention to the concerns about AI infrastructures increases, we tend to see them discussed in terms of a dichotomy between public and private uses. This separation has always been false on some level and this year we have seen signs of its eventual collapse, with clear evidence of ongoing and expansive integration of public and private systems across many different AI domains.

AI and Neighborhood Surveillance

Troubling partnerships between government and private tech companies also emerged as a trend this year, especially those that extended surveillance from public environments into private spaces like private properties and the home.

For example, this summer, a Canadian RCMP troop in Red Deer, Alberta, launched a program called CAPTURE to enable “community assisted policing through the use of recorded evidence.”252The idea was for commercial businesses and personal residences with private security-camera infrastructure to effectively share the captured information on their private property with the police, under the guise of improved community safety. As of November, more than 160 properties are participating, effectively covering the entire map of the city, and providing access to the police surveillance of spaces previously inaccessible without a warrant and consent for entry.253 Since 2016, Project Green Light in the City of Detroit in the United States has been working in an almost identical fashion. By March of 2019, the mayor of Detroit decided to establish the “Neighborhood Real-Time Intelligence Program,” described as “a $9 million, state- and federally-funded initiative

AI Now 2019 Report page 36

that would not only expand Project Green Light by installing surveillance equipment at 500 Detroit intersections—on top of the over 500 already installed at businesses—but also utilize facial recognition software to identify potential criminals.”254

Amazon exemplified this new wave of commercial surveillance tech with Ring, a smart-security-device company acquired by Amazon in 2018. The central product is its video doorbell, which allows Ring users to see, talk to, and record those who come to their doorsteps. This is paired with a neighborhood watch app called “Neighbors,” which allows users to post instances of crime or safety issues in their community and comment with additional information, including photos and videos.255 A series of reports reveals that Amazon had negotiated Ring video-sharing partnerships with more than 700 police departments across the US. Partnerships give police a direct portal through which to request videos from Ring users in the event of a nearby crime investigation.256 Not only is Amazon encouraging police departments to use and market Ring products by providing discounts, but it also coaches police on how to successfully request surveillance footage from Neighbors through their special portal.257 As Chris Gilliard, a professor who studies digital redlining and discriminatory practices, comments: “Amazon is essentially coaching police on . . . how to do their jobs, and . . . how to promote Ring products.”258

Neighbors is joined by other apps like Nextdoor and Citizen, which allow users to view local crime in real time and discuss it with one another. Ring, Nextdoor, and Citizen have all been criticized for feeding into existing biases around who is likely to commit crime; Nextdoor even changed its software and policies given extensive evidence of racial stereotyping on its platform.259 Others see these app-based surveillance operations sowing a climate of fear, while tech companies profit from a false perception that crime is on the rise.260

Smart Cities

Concerns about the privatization of public space took center stage this year in the debate around “smart cities” (municipalities that use data, sensors, and algorithms to manage resources and services).

Most smart-city initiatives rely on public-private partnerships and technology developed and controlled by tech companies, which shifts public resources and control over municipal infrastructure and values to these companies.261 Recent research has exposed the extent to which major tech companies such as IBM and Cisco have been “selling smartness” by disseminating narratives about urban challenges and technological solutions to those challenges.262 The Alphabet company Sidewalk Labs has similarly been producing vision documents replete with renderings of utopian urban scenes.263 These companies see the potential for massive profits: one report estimated the global smart cities market being worth $237.6 billion by 2025.

Smart-city projects around the United States and the world increasingly consolidate power in the hands of for-profit technology companies, while depriving municipalities and their residents of resources and privacy. The highest-profile example is in Toronto, the home of Sidewalk Lab’s project to develop “the world’s first neighbourhood built from the internet up.”265 A report in February 2019 found that Sidewalk Labs has expressed a desire to receive a portion of the property taxes and development fees (estimated at $30 billion over 30 years) associated with the project, which would otherwise go to the City of Toronto.266 And in June 2019, Sidewalk Labs released a Master Innovation and Development Plan (MIDP), describing plans to develop and manage a far larger plot of land than the 12 acres for which the company was initially given license to develop plans.267

Smart-city projects also lack transparency and genuine forms of civic participation.268 Sidewalk Labs’s civic engagement efforts have been described as a process of obfuscation and “gaslighting.”269 Similarly, a contract between urban-planning software company Replica (a Sidewalk Labs spinoff company) and the Portland, Oregon regional transportation planning agency provides no public access to Replica’s algorithms.270 Siemens is launching a €600 million smart-city neighborhood in Berlin, creating “laboratories in reality” with barely any public meetings so far.271

Many of these public-private partnerships directly enhance the government’s surveillance capabilities. Chicago and Detroit have both purchased software enabling them to deploy facial recognition in the video feeds from cameras across the cities.272 Similarly, the multinational Chinese tech company Huawei’s $1.5 billion project to create smart cities in Africa273 included a project in Nairobi where it installed 1,800 cameras, 200 traffic surveillance systems, and a national police command center as part of its “Safe City” program.274 Huawei’s Safe City technology has been used by some African governments to spy on political opponents.275

In other cities, behind-the-scenes data-sharing arrangements allow data collected by private companies to flow into law-enforcement agencies. San Diego has installed thousands of microphones and cameras on street lamps in recent years in an effort to study traffic and parking conditions; although the data has proven of little use in improving traffic, the police have used the video footage in more than 140 cases without any oversight or accountability.276 The City of Miami is actively considering a 30-year contract with Illumination Technologies, providing the company with free access to set up light poles containing cameras and license-plate readers, collecting information that will filter through the Miami Police Department (and that the company can use in unchecked ways).277 Documents obtained via public-records requests showed that 300 police departments in California have access, through Palantir, to data collected and stored by the Department of Homeland Security’s Northern California Regional Intelligence Center, without any requirement to disclose their access to this information.278

Numerous groups are beginning to push back on the encroaching privatization fueled by smart cities, with the most concerted and organized effort in Toronto. In February, a group of 30 Torontonians launched the #BlockSidewalk campaign,279 and has noted that the project “is as much about privatization and corporate control as it is about privacy.”280 In April, the Canadian Civil Liberties Association (CCLA) filed a lawsuit against Waterfront Toronto, arguing the organization abused its legal authority in granting Sidewalk Labs the authority to develop data-governance policy.281 And after Sidewalk Labs released its MIDP, the Chairman of Waterfront Toronto (the government task force charged with managing the Sidewalk Labs project) critiqued the proposal in a public letter as “premature.”282

By the end of October, Waterfront Toronto had reached a new agreement with Sidewalk Labs, restricting Sidewalk Labs to the original 12-acre parcel and asserting the government’s role as leading key components of the project.283 The project’s ultimate fate is still undetermined: Waterfront Toronto continues to review the project and will come to a final decision about whether to proceed by March 31, 2020.284

AI at the Border

AI continues to play a larger and more pernicious role in the targeting of immigrant populations within the United States....

[sueheaven]

Network Cameras Market is Booming Worldwide | Gaining Revolution In Eyes of Global Exposure

Latest study released by AMA Research on Global Network Cameras Market research focuses on latest market trend, opportunities and various future aspects so you can get a variety of ways to maximize your profits. Network Cameras Market predicted until 2027*. Network Cameras, also known as Internet Protocol camera or IP camera that receives control data and sends image data in the digital form via the Internet. They are commonly used for surveillance that can be directly accessed over a network connection. Unlike analog closed-circuit television (CCTV) cameras, they require no local recording device, but only a local area network. Network Cameras convert the video signal into IP packets to be transmitted over the internet to the network storage device such as a server. The main advantages of IP camera over conventional CCTV cameras have reduced the cost for cabling, higher resolution, presence of an onboard processor that provides capabilities like motion detection, cross-line detection, wide dynamic range, and improved low light functionality. With this system, the organization can keep a watch on the business activities, employee’s productivity and premises from any part of the world via computer, smartphone, tablet or iPad.Some of Key Players included in Network Cameras Market are:

Axis Communications (United Kingdom)

Bosch Security Systems (United States)

IDIS Europe Limited (United Kingdom)

Sony (Japan)

Milesight Technology Co., Ltd. (China)

Hikvision Digital Technology Co., Ltd (China)

D-Link (Taiwan)

Arecont Vision (United States)

Juanvision (China)

VIVOTEK Inc. (Taiwan)

Market Trends: Recent Cameras include Features like Digital Zoom, Wide Dynamic Range, High-Quality Images Even in Poor Light are Trending

Increased Personalization with the Protection of an Individual’s Data and Privacy Is Increasingly Becoming a Priority

Drivers: Increasing Security Concerns

Declining Total Cost of Ownership Because of Lower Storage Requirements

Challenges: Vulnerable to Intrusion and Hacking

To Expand Network Resources, Available Bandwidth Has to Be Expanded Which is Costly

Opportunities: Law Enforcement Agencies are continuously in Need of Surveillance Tools to Tackle Crimes and Terrorism

High Percentage of Population Uses Cameras with Remote Control Features That Are Accessible Through a Mobile Phone

The titled segments and Market Data are Break Down by Type (Centralized IP cameras, Decentralized IP cameras), Application (Commercial Industrial, Home Security, Store/Office Security, Corporate/CCTV, Other), Installation Type (Personal Computer (PC) Based Digital Video Recorder (DVR), Hardware based Digital Video Recorder (DVR), Digital Video Recorder (DVR) Technologies), Connection Type (Ethernet, Wi-Fi), Mobile Application Convergences Type (ICamViewer, Security Cam with Dropbox & YouTube Sync, V Mobile, VHDR Lite, XProtect Mobile Smartvue S9, Mobile Focus, Other Mobile Application Convergences), Mounting Type (Parapet Mounts, Ceiling Mounts, Pole Mounts, Wall Mounts)

Presented By

AMA Research & Media LLP

[news-24]

Know the Ultimate Factors of Building Automation System Market - Revenue, Sales Channel, Key Suppliers Forecast to 2028

Building an automation system is the simple approach to managing and controlling the systems that are effectively installed in buildings. It includes facility management systems, life & fire safety alarms, and access & security controls. Generally, it can be advantageous in large projects with complex electrical, mechanical, and HVAC systems. Moreover, it offers disaster management services and tools which will be helpful in accident prevention like fires. Hence, reducing energy consumption in buildings enhances the occupant’s comfort level and effectively manages building operations. 

The market is improved by increasing demand for reduced operating costs, managed home automation services, improved indoor air quality, reduced thermal pollution, and greenhouse gas emissions, and energy-efficient buildings. It can also be helpful for developments in analytics communications, touch-screen, and sensor technology. 

Industry Trends:

Building automation and IoT have enabled information exchange between the cloud and various electronic devices. Thus it is making buildings effective without the requirement for direct human intervention. 

Get a Free Sample Copy Of the Research Report: https://www.vynzresearch.com/semiconductor-electronics/building-automation-system-market/request-sample

The AI technology implementation has let businesses use this technology to enhance video surveillance systems. Now, their products can offer more safety and security. Hence, it is expected to enhance the market expansion during the forecast period. The building automation system market survived during COVID 19 pandemic.

Market Segmentation:

Insight by Product Type:

• Software

• Hardware

• Services

The software segment is expected to have more CAGR among the various product types during the forecast period. It is because software is an essential component of the building automation system. After all, the hardware can work only with the help of the software installed. 

The dependence of the building automation system on software is highly anticipated to increase the segment market growth during the projected time. 

Insight by System Type:

• HVAC

• Security & Surveillance

• BEMS (Building Energy Management)

• Lighting Solutions

Among the various system types, security & surveillance system is expected to have more shares in the building automation system market. The consequence of sensor-based security alarm systems allows users to remotely monitor, manage and access operations in commercial and residential buildings. Therefore, it mainly contributed to the segment’s growth. 

Furthermore, with the impact of IoT, it can monitor activities via technologies like smartphones, tablets, and wearables. Therefore, such systems are susceptible and convenient to foreign activity and very fast to inform local authorities and users in cases of fraud and theft. 

Insight by Offerings:

• Security and Access Controls

• Facility Management Systems

• BAS Services

• BEM Software

• Fire Protection Systems

Among the various offerings, facility management systems are expected to have more CAGR during the forecast period. This rising demand for facility management systems in hospitality, tourism and construction due to the government support required to grow intelligent buildings and smart cities will enhance the segment growth. 

The economic, infrastructural development and rapid urbanization in metropolitan cities and mega food parks, and the development of SEZs will increase the facility management systems' growth. Hence it will drive the building automation system market to the next level. 

Insight by Communication Technology:

• Wireless Technology

• Wired Technology

Among the various communication technology, wireless technology is expected to grow more during the forecast period in the global building automation system. It is mainly since it is easy to use and install. In addition, it provides more control and flexibility, thus remotely operating such systems. 

Insight by Application:

• Residential

• Commercial

• Industrial

Among the various applications, commercial applications are expected to grow more during the forecast period in the global building automation system. Generally, commercial buildings include hospitals, shopping malls, restaurants, warehouses, universities, schools, warehouses, retail stores, corporate offices, and more. Moreover, they can save energy effectively by regulating the building’s lighting, health and cooling, appliances, and much more. Thus, it will improve worker productivity and energy efficiency by adopting building automation systems. 

Then increased deployment of building automation systems for significant security needs like collecting and monitoring evidence of tracking and movement details will add to the BAS market growth in the commercial sector. Commercial buildings are projected to adopt building automation systems compared to residential buildings. It is also projected that the critical driver is increasing the use of intelligent building technology due to increased requirements to avoid unnecessary costs in this commercial building sector.

Source: VynZ Research