As per MRFR analysis, the Connected Camera Market Size was estimated at 11.85 (USD Billion) in 2022. The Connected Camera Market Industry is expected to grow from 13.04(USD Billion) in 2023 to 30.8 (USD Billion) by 2032. The Connected Camera Market CAGR (growth rate) is expected to be around 10.02% during the forecast period (2024 - 2032).
In the connected camera industry, there is still a great demand for growth in the midst of technological innovations and the rising need for remoteness in surveillance. Factors impacting the evolution of the market include the development of artificial intelligence, SaaS, and wireless technologies. Such enhancements broaden the scope of connected cameras to include advanced functionalities of face and motion detection, remote capabilities, etc. Also, since more people are buying IoT devices especially for smart home implementations and industries, it puts further need for connected cameras. At this market, data privacy and security are equally observed which contribute to improvements in encryption and access control. Also connected cameras are likely to benefit from additional performances through 5G in future as telecommunications’ industries are anticipated to have numerous applications for connected cameras.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The escalating crime rates and growing concerns about personal safety have fueled the demand for advanced security systems, including connected cameras. These cameras provide real-time monitoring, remote access, and advanced features like motion detection and facial recognition. This trend is expected to continue driving market growth as homeowners and businesses seek comprehensive security solutions to protect their premises.
The integration of AI and ML technologies in connected cameras has revolutionized the Connected Camera Market Industry. AI-powered cameras offer enhanced image and video analytics, enabling real-time object detection, facial recognition, and behavior analysis. These capabilities empower users with actionable insights, allowing them to make informed decisions and respond swiftly to security threats or other critical events.
The proliferation of cloud-based services and the expanding Internet of Things (IoT) ecosystem have significantly contributed to the growth of the Connected Camera Market Industry. Cloud storage platforms provide secure and scalable storage for video footage, enabling remote access and sharing of recordings. Additionally, the integration of connected cameras with IoT devices, such as smart doorbells and sensors, creates a comprehensive smart home or business security system.
The Camera Type segment plays a pivotal role in shaping the dynamics of the Connected Camera Market, with each type catering to distinct surveillance needs. 'Domes' emerged as the leading segment in 2023, capturing a significant share of the market due to their compact design, vandal resistance, and cost-effectiveness. 'Bullets' followed closely, preferred for their versatility and suitability for both indoor and outdoor applications. 'PTZ' cameras, known for their pan, tilt, and zoom capabilities, accounted for a notable portion of the market, particularly in high-security environments.'Panoramic' cameras, offering a wide field of view, gained traction in sectors such as retail and hospitality. As the market continues to expand, advancements in technology are driving the growth of each Camera Type segment.
The integration of AI algorithms, cloud connectivity, and analytics capabilities enhances the functionality and value proposition of connected cameras. 'Domes' are expected to maintain their dominance, driven by their adaptability and affordability. 'Bullets' will continue to be widely adopted due to their versatility and ease of installation.'PTZ' cameras are projected to witness significant growth, fueled by increasing demand for remote monitoring and surveillance in critical infrastructure. 'Panoramic' cameras are poised for expansion in the retail and hospitality sectors, offering enhanced situational awareness and improved customer experience. The Connected Camera Market is expected to witness robust growth in the coming years, with the Camera Type segment remaining a key driver of market expansion. The increasing adoption of connected cameras across various industry verticals, coupled with technological advancements, will continue to shape the landscape of this dynamic market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Connected Camera Market segmentation by End-User includes Residential, Commercial, and Industrial segments. Among these, the Residential segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of the Residential segment can be attributed to the increasing adoption of smart home devices and the rising demand for home security solutions. The Commercial segment is also expected to witness significant growth due to the increasing adoption of connected cameras in retail stores, offices, and other commercial establishments.The Industrial segment is expected to grow at a steady pace, driven by the increasing demand for connected cameras in manufacturing and logistics operations. Overall, the Connected Camera Market is expected to grow significantly in the coming years, driven by the increasing demand for security and surveillance solutions across various end-user segments.
The resolution segment plays a crucial role in determining the quality and performance of connected cameras. In 2023, the 1080p resolution segment held the largest market share due to its cost-effectiveness and wide adoption across various applications. However, the 4K resolution segment is expected to witness significant growth in the coming years, driven by increasing demand for high-quality video surveillance and home security systems. The 8K resolution segment, while still in its early stages of development, holds immense potential for growth as technology advances and consumer demand for ultra-high-definition content increases.
The Connected Camera Market is segmented by Connectivity into Wi-Fi, Ethernet, and Cellular. Among these, the Wi-Fi segment is expected to hold the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The rising adoption of Wi-Fi-enabled devices, the increasing popularity of smart homes, and the growing demand for wireless connectivity are driving the growth of the Wi-Fi segment. However, the Ethernet segment is expected to witness significant growth during the forecast period due to its high speed and reliability.The Cellular segment is also expected to grow steadily, driven by the increasing adoption of cellular-connected cameras for remote monitoring and security applications.
The Connected Camera Market is segmented into five regions namely, North America, Europe, APAC, South America, and MEA. North America held the leading market share in 2023 and is projected to maintain its dominance throughout the forecast period due to the high adoption of connected cameras for home security and surveillance. Europe is expected to be the second-largest market, owing to the increasing demand for connected cameras in the commercial and industrial sectors. The APAC region is anticipated to witness significant growth, primarily driven by the rising demand for connected cameras in developing countries such as China and India.South America and MEA are expected to have modest growth rates due to factors such as limited infrastructure and economic constraints.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Connected Camera Market are continuously striving to innovate and introduce new products to maintain their competitive edge. Strategic partnerships and collaborations are also common in the industry, as companies seek to expand their market reach and gain access to new technologies. Leading Connected Camera Market players are focused on developing cameras with advanced features such as facial recognition, motion detection, and object tracking. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) algorithms in connected cameras is driving Connected Camera Market development and providing users with enhanced functionality.Nest Labs, a subsidiary of Google, is a leading player in the Connected Camera Market industry and is known for its user-friendly and reliable products.
The company offers a range of connected cameras, including indoor, outdoor, and doorbell models. Nest Labs' cameras are designed to provide homeowners with peace of mind and security, and they offer features such as facial recognition, motion detection, and night vision. The company's strong brand recognition and commitment to innovation have contributed to its success in the Connected Camera Market.Arlo Technologies, a company acquired by Netgear in 2019, is another major player in the Connected Camera Market. Arlo offers a wide range of connected cameras, including indoor, outdoor, wire-free, and doorbell models. The company's cameras are known for their high-quality images and videos, and they offer features such as motion detection, object tracking, and night vision. Arlo Technologies has a strong distribution network and a commitment to customer service, which have helped it to gain market share in the Connected Camera Market.
Hikvision Digital Technology
Samsung Electronics
Hikvision
Avigilon Corporation
Vivotek
Bosch Security Systems
Panasonic Corporation
FLIR Systems
Pelco
Honeywell Security
Axis Communications
Uniview Technologies
Sony Corporation
LG Electronics
Dahua Technology
The connected camera market is anticipated to exhibit robust growth in the coming years, driven by the increasing demand for smart home security systems, the growing adoption of IoT devices, and the rising popularity of cloud-based video surveillance solutions. The market is expected to witness significant investments in research and development, leading to the introduction of advanced features such as facial recognition, object detection, and analytics capabilities. Strategic partnerships and acquisitions are expected to shape the competitive landscape, as key players seek to expand their market share and enhance their product offerings. Recent developments include the launch of new connected camera models with enhanced features, such as the Arlo Pro 5S and the Google Nest Cam with Floodlight. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) technologies is expected to drive innovation and improve the overall performance of connected cameras.
Connected Camera Market Camera Type Outlook
Domes
Bullets
PTZ
Panoramic
Connected Camera Market End-User Outlook
Residential
Commercial
Industrial
Connected Camera Market Resolution Outlook
720p
1080p
4K
8K
Connected Camera Market Connectivity Outlook
Wi-Fi
Ethernet
Cellular
Connected Camera Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 11.85(USD Billion) |
| Market Size 2023 | 13.04(USD Billion) |
| Market Size 2032 | 30.8(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 10.02% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Hikvision Digital Technology, Samsung Electronics, Hikvision, Avigilon Corporation, Vivotek, Bosch Security Systems, Panasonic Corporation, FLIR Systems, Pelco, Honeywell Security, Axis Communications, Uniview Technologies, Sony Corporation, LG Electronics, Dahua Technology |
| Segments Covered | Camera Type, End-User, Resolution, Connectivity, Regional |
| Key Market Opportunities | Increased adoption of IoT devices growing demand for home security expansion of smart cities advancements in AI computer vision rising popularity of remote monitoring |
| Key Market Dynamics | Increasing demand for home security, Advanced AI capabilities, Growing popularity of smart homes, Rising adoption of cloud based services, Expansion of 5G networks |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Connected Camera Market was valued at USD 13.04 billion in 2023 and is expected to reach a valuation of USD 30.8 billion by 2032, exhibiting a CAGR of 10.02% during the forecast period (2024-2032).
North America is expected to dominate the Connected Camera Market throughout the forecast period, owing to the increasing adoption of advanced technologies in the region.
The Security & Surveillance segment is expected to witness substantial growth during the forecast period due to the rising demand for security solutions to protect residential and commercial properties.
Prominent players operating in the market include Axis Communications, Bosch Security Systems, Hikvision, Dahua Technology, and Honeywell.
The growing adoption of cloud-based services, the increasing demand for remote monitoring solutions, and the advancements in artificial intelligence (AI) and machine learning (ML) technologies are driving the market growth.
Technological advancements, such as the integration of AI and ML algorithms, are enhancing the capabilities of connected cameras, leading to improved image quality, object detection, and facial recognition capabilities.
The market is anticipated to witness steady growth in the coming years due to the increasing demand for smart home and smart city solutions, the growing adoption of IoT devices, and the government initiatives supporting the deployment of surveillance systems.
Challenges faced by the market include concerns related to data privacy and security, the high cost of deployment and maintenance, and the availability of alternative video surveillance technologies.
The Asia-Pacific region is expected to register a significant growth rate during the forecast period due to the increasing urbanization, rising disposable income, and growing adoption of smart home and smart city initiatives.
Europe is expected to exhibit a steady growth rate in the coming years due to the increasing demand for advanced surveillance solutions and the growing adoption of cloud-based services.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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