Technology

Internet Protocol (IP) Camera Market size is set to grow by USD 24.61 billion from 2024-2028, Increasing demand for video surveillance systems to boost the market growth, Technavio

Published

6 months ago

July 3, 2024

NEW YORK, July 3, 2024 /PRNewswire/ — The global internet protocol (IP) camera market size is estimated to grow by USD 24.61 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 26.14% during the forecast period. Increasing demand for video surveillance systems is driving market growth, with a trend towards rise of 5g technology. However, security concerns poses a challenge. Key market players include 360 Vision Technology Ltd., Anviz Global Inc., CAMSTAR USA, Canon Inc., Cisco Systems Inc., Costar Technologies Inc., CP PLUS International, DDC Group, Delta Electronics Inc., D Link Corp., Guangzhou Juan Intelligent Joint Stock Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., i PRO Co. Ltd., Motorola Solutions Inc., Moxa Inc., Robert Bosch GmbH, Shenzhen Apexis Electronic Co. Ltd., Sony Group Corp., Dahua Technology Co. Ltd., and Zhejiang Uniview Technologies Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Connectivity (Centralized IP camera arrangement and Decentralized IP camera arrangement), Type (Commercial, Residential, and Government), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

360 Vision Technology Ltd., Anviz Global Inc., CAMSTAR USA, Canon Inc., Cisco Systems Inc., Costar Technologies Inc., CP PLUS International, DDC Group, Delta Electronics Inc., D Link Corp., Guangzhou Juan Intelligent Joint Stock Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., i PRO Co. Ltd., Motorola Solutions Inc., Moxa Inc., Robert Bosch GmbH, Shenzhen Apexis Electronic Co. Ltd., Sony Group Corp., Dahua Technology Co. Ltd., and Zhejiang Uniview Technologies Co. Ltd.

Key Market Trends Fueling Growth

The 5G-enabled IP camera market is experiencing significant growth due to the introduction of next-generation wireless networks. These cameras transmit audio and video signals over 5G networks, offering faster and higher quality video. A limited number of these cameras are currently available, but their popularity is expected to increase. Integrations and applications will become wider, making mobile applications more effective and user-friendly. These technological advancements will drive the expansion of the global IP camera market.

The IP camera market is experiencing significant growth with technologies such as motion detection, Surveillance, and high-definition (HD) video becoming standard features. Commerical and industrial sectors are major buyers, utilizing IP cameras for security purposes. The use of analytics and artificial intelligence (AI) is also increasing, enabling cameras to identify specific objects or activities. Urban areas and smart cities are adopting IP cameras for public safety and traffic management. The video analytics market is expected to grow, providing opportunities for camera manufacturers to offer value-added services. The market is competitive with players focusing on innovation and cost-effectiveness. The use of cloud storage and remote access is also driving demand for IP cameras.

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Market Challenges

The IP camera market faces significant challenges related to privacy and data protection concerns. With the increasing use of IP cameras in public places, there are growing concerns over potential breaches of privacy and security. Manufacturers must prioritize robust security features to mitigate cyber threats. Extensive video surveillance raises questions about the balance between legitimate monitoring and intrusion, challenging constitutional rights such as anonymity and freedom of expression. These concerns may hinder market growth during the forecast period.The Internet Protocol (IP) camera market faces several challenges. Technology advances such as Segment, Hardware, and Application drive innovation. However, security concerns, including password protection and encryption, remain a significant challenge. Additionally, the need for high-definition video and real-time transmission adds complexity. Compatibility issues with various operating systems and networks also pose challenges. Furthermore, cost-effective solutions are required to cater to the growing demand for affordable IP cameras. The market requires continuous improvement in image quality, connectivity, and ease of use to meet customer expectations.

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Segment Overview

This internet protocol (ip) camera market report extensively covers market segmentation by

Connectivity 1.1 Centralized IP camera arrangement1.2 Decentralized IP camera arrangementType 2.1 Commercial2.2 Residential2.3 GovernmentGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Centralized IP camera arrangement- The IP camera market is experiencing significant growth due to the increasing demand for remote surveillance and security solutions. Businesses are investing in these technologies to enhance security and improve operational efficiency. IP cameras offer advantages such as high-definition video, remote access, and easy integration with other systems. As a result, the market is expected to continue expanding, providing opportunities for businesses to upgrade their security infrastructure.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Internet Protocol (IP) Camera Market encompasses the latest trends and advancements in video surveillance technology. IP cameras, a crucial component of modern security systems, connect to the Internet and transmit data using Internet Protocol. These smart devices are increasingly popular in both residential and commercial structures, providing real-time video analytics for security purposes. In metropolitan cities, IP cameras are employed for video surveillance in various applications, including home burglaries and squatting prevention. IoT technologies, such as infrared cameras and HDBaseT, enhance the functionality and energy efficiency of IP cameras, making them suitable for outdoor conditions. Wired Ethernet and IEEE 802 standards ensure seamless connectivity and reliable data transmission. IP surveillance cameras offer significant benefits, including improved security, remote access, and cost savings, making them an essential tool for healthcare professionals and businesses alike.

Market Research Overview

The Internet Protocol (Ip) Camera Market refers to the global industry that produces and distributes IP cameras for surveillance and security purposes. These cameras digitally transmit data over a network, enabling remote monitoring and real-time access. The market is driven by the increasing demand for advanced security systems, the proliferation of the Internet of Things (IoT), and the growing adoption of cloud-based services. Key features of IP cameras include high-definition video, night vision, motion detection, and two-way audio. The market is segmented by type, application, and region. The types of IP cameras include bullet, dome, and PTZ cameras. The applications include residential, commercial, and industrial sectors. The market is expected to grow significantly in the coming years due to the increasing need for security and the ongoing digital transformation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ConnectivityCentralized IP Camera ArrangementDecentralized IP Camera ArrangementTypeCommercialResidentialGovernmentGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

BingX Introduces ALTCOIN Index Futures Trading: One Click, Countless Trends

Published

27 minutes ago

December 27, 2024

VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.

Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.

In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.

Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”

BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.

About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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SOURCE BingX

Technology

Lyric’s first solid-state battery front-end equipment is shipped to customer in United States

Published

27 minutes ago

December 27, 2024

BEIJING, Dec. 26, 2024 /PRNewswire/ — Recently, Lyric’s first solid-state battery front-end equipment has been shipped to a customer in the United States. Relying on its deep accumulation in the field of solid-state battery technology, Lyric has achieved strategic development on the global stage.

As of now, Lyric’s Z-shape stacking machine has reached the forefront of the industry, achieving an efficient stacking speed of 0.1s/pcs and ultra-high precision alignment of ≤ ± 0.3mm, setting an industry benchmark. At the same time, with the innovative design, the double planetary mixer realizes the efficient mixing of various viscosity materials, showing extraordinary flexibility, and significantly enhances the safety and efficiency of the production process through the iterative upgrade of automation technology, and provides customized services to accurately meet customer needs.

Looking to the future, Lyric will continue to expand its global footprint, based on the deep accumulation in the field of solid-state batteries since 2020, and its patented technology of dry electrode and stacking process and self-developed equipment advantages, Lyric not only demonstrates excellent capabilities in the manufacture of solid-state battery production equipment, but also provides a full range of solutions. Covers customized delivery from a single station to the entire production line. In terms of international cooperation, Lyric is actively seeking cooperation opportunities with more overseas enterprises, aiming to promote China’s solid-state battery equipment technology and solutions to the global market, further enhance its influence and competitiveness in the global renewable energy industry chain, and jointly explore unlimited possibilities in the field of renewable energy.

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SOURCE Lyric

Technology

Life-Space Wins Prestigious 62nd Australian Export Awards

Published

27 minutes ago

December 27, 2024

MELBOURNE, Australia, Dec. 27, 2024 /PRNewswire/ — At the prestigious 62nd Australian Export Awards held at Parliament House in Canberra, Life-Space, Australia’s No. 1 probiotic brand, proudly claimed the title of ‘E-commerce Winner of the Australian Export Awards 2024’. This incredible achievement underscores Life-Space’s unwavering commitment to delivering world-class health solutions to global consumers, fuelled by innovative digital strategies and a robust e-commerce presence.

Celebrating Australian Export Excellence

The Australian Export Awards, established in 1963 and presented by the Australian Trade and Investment Commission (Austrade) in collaboration with State and Territory awards programs, is a premier national program. It recognises the achievements of Australia’s most outstanding, innovative, and inspiring exporters, highlighting their significant contributions to the nation’s economy.

A Global Leader in Consumer Health

Life-Space has established itself as a trusted name in probiotics, offering products that support gut microbiome and whole-body health. Exporting to over 20 countries, including China and key Southeast Asian markets, Life-Space continues to redefine the global consumer health landscape. The brand’s dedication to scientific innovation, high-quality manufacturing, and consumer education has made it a household name worldwide.

Driving E-commerce Excellence

The award recognises Life-Space’s exceptional ability to adapt to the ever-evolving digital marketplace. Through strategic collaborations, robust online platforms, and consumer-centric marketing campaigns, Life-Space has consistently delivered value to its customers while expanding its global footprint. Notably, Life-Space has seen explosive growth in China’s cross-border e-commerce market, alongside outstanding performance in Southeast Asian countries such as Singapore, Vietnam, and Malaysia. The Singapore market, in particular, has recorded an impressive 140% annual growth rate for three consecutive years.

‘This recognition is a testament to the passion and hard work of the entire Life-Space team,’ said Alan Yi, Life-Space Group’s General Manager – Global Business, ‘We are proud to represent Australia on the global stage and remain dedicated to bringing the best in probiotics to consumers worldwide.’

Looking Ahead

As Life-Space celebrates this milestone, the brand is focused on forging new market opportunities, advancing health education, and introducing cutting-edge products that enhance everyday health and well-being.

“Our vision for 2025 includes expanding our export capacity and preparing to introduce our products to the U.S. market,” added Yi. “This achievement further reinforces our position as a global leader in consumer health.”

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SOURCE Life-Space