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According to the latest market study on “Surveillance Camera Market to 2027 – Global Analysis and Forecast by Type (Analog Cameras and IP Cameras); Product Type (Dome Cameras, Bullet Cameras, Box Style Cameras, PTZ Cameras, Thermal Cameras, and Others); End User (BFSI, Government & Defense, Commercial, Manufacturing & Construction, Healthcare, Logistics & Transportation, Residential, and Others); and Geography”, the surveillance camera market is estimated to reach US$ 45.93 Bn by 2027 from US$ 21.82 Bn in 2018.With the usage of artificial intelligence, the end users are capable of leveraging specific analytics data that helps in actionable intelligence for various functions. The automated surveillance is booming through the new machine learning techniques offering CCTV cameras the capability to spot troubling behavior without human supervision. The IT companies and the surveillance systems manufacturers are working together to develop advanced AI-based security cameras for wide range of video surveillance applications.

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Synopsis Of Surveillance Camera Market :

Digital transformation or digitalization of businesses refers to the integration of digital technology in various business processes, organizational activities and business models. Digital transformation has become a must requirement for sustainable growth of any enterprise owing to the demanding nature of customers and rising industry competition. This digitalization revolution around the world presents a massive opportunity for surveillance camera manufacturers to offer technologically advanced camera solutions to across the world. Both public and private enterprises are investing in advanced surveillance solutions for business process optimization, operational efficiency, reduction of cost, and human error avoidance. These are some of the major factors which are driving the integration of IoT, AI, video analytics and other such technologies in the global surveillance camera market. In the past decade, the proliferation of connected devices, digital services, IoT, and artificial intelligence have increased exponentially. Due to the increasing adoption of advanced and connected systems across enterprises, the demand for technology integrated surveillance cameras market is anticipate to increase at an impressive pace over the forecast period.

During the initial stage of video surveillance technology, the analog cameras were being utilized significantly; however, the industry is foreseeing a change with the increased acceptance and adoption of IP-based cameras. The major advantage of IP cameras over the conventional cameras is the advantage of transferring captured imageries or data directly over the internet, in a fraction of second. IP cameras are either centralized that need Network Video Recorder (NVR) for monitoring recordings, or decentralized where the camera recordings can be stored in any of the remote or local storing devices. Further, the utilization of Wi-Fi is available with the IP cameras to transfer data instantly. Additionally, the option for installing numerous video analytics software in these cameras for automatic analysis of the imageries by the cameras is also rising the interest among the various end-users.

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The security and surveillance industry has emerged over the years, and the trend is driving from physical security to video-based security and surveillance with the support of camera technology. The shift is majorly driven by factors such as increased safety and time, cost-efficiency, and convenience of the end-user. Moreover, video surveillance systems offer various benefits to its users, such as better work productivity, remote monitoring, traffic management, protection against theft, and also help in collecting evidence in legal cases

The surveillance camera market by type is segmented by analog cameras and IP cameras. The Internet Protocol cameras (IP cameras) are the type of digital video cameras which receive control data and send image data through the Internet. These cameras are widely utilized for surveillance, but unlike analog CCTV cameras, they don’t require local recording devices; they only require local area networks. Most of the IP cameras are webcams, but the term IP camera or netcam generally relates only to those that have the capability to get accessed through a network connection directly. Some IP cameras need the support of a central NVR for handling the recording, alarm, and video management, while others are capable of working in a decentralized manner with no NVR required, as the cameras are able to record directly to any remote or local storage media.

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

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With tables and figures, helping analyze worldwide Global Surveillance Camera Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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