The global market for Network Cameras and Video Analytics is projected to reach US$41.1 billion by 2024, driven by increasing concerns over security, legislation of stringent safety mandates juxtaposed with the sweeping wave of IP connectivity and Internet of Things (IoT). Few of the benefits of network cameras and wireless IP surveillance include elimination of the cost of laying fiber cables and trenching; easy deployment, installation and portability; ability to record 24/7; ability to pan, tilt, and zoom especially in case of PTZ network cameras; capture highly specific and clear video images which is of primary importance in legal prosecution; and optimized MJPEG video compression, among others. Also driving growth in the market is the growing robustness of wireless networks as a result of 802.1x authentication and WPA2 encryption; and higher QoS (Quality of Service) promised by Wi-Fi mesh networks that deploy multi-path propagation to prevent single point link/connectivity failure. As an economic superpower always a prime target for terrorist attacks, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 23.6% through the analysis period led by factors such as growing incidence of crime in haphazardly urbanized Asian cities plagued with economic inequality and wide wealth gaps and the resulting need for public security surveillance; rise in foreign direct investments in the business and manufacturing sectors, the resulting increase in new business and plant establishments and the parallel need for plant and building security solutions. Also, developments in digital compression techniques like H.264 & H.264 SVC designed to offer high quality video stream in low bandwidth environment bodes well for adoption in emerging markets often plagued with internet network performance issues.  

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Summary of Findings
  • Developments in Wi-Fi Based Wireless Broadband Services Encourage Adoption of Networked Camera Surveillance of Public Spaces such as Localities, Streets, and Traffic Junctions
  • Growing Concerns over Safety and Security to Life & Assets, Rising Number of Terrorist Attacks, High Public Perception of Crime, and Rapid Urbanization Catalyze Public Safety Requirements in Developing Countries
  • Growing Trend of Online Broadcasting from IP-Cameras and Video Surveillance Systems Opens New Avenues for Market Growth
  • Government Safety Mandates, Increased Adoption of PSIA & ONVIF Standards and Increase in the Number of Business Start-Ups and Growing Office Space Occupancy Help Boost Market Prospects
  • Banking & Financial Services, Healthcare & Hospitality Industries: Key Emerging End-Use Markets

Timeline for Analysis
  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, the UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World

Market Segmentation & Classification
  • Product Segments:
    • Network Cameras, and Video Analytics Software
  • Applications:
    • Security/Surveillance, and Other Applications
  • End-Use Sectors:
    • Banking & Financial, Government, Retail, Transportation, and Others

Major Players
  • ADT Security Services
  • Agent Video Intelligence
  • Avigilon Corporation
  • Axis Communications AB
  • Bosch Security Systems

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