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AI Drives Transformation in the Network Camera Market, Expected to Grow by USD 33 Billion from 2024 to 2028 Due to Rising Demand for Video Surveillance

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NEW YORK, Sept. 26, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global network camera market  size is estimated to grow by USD 33 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 13.57%  during the forecast period.  Increasing demand for video surveillance systems is driving market growth, with a trend towards rising adoption of 5g technology. However, lack of awareness among end-users about advanced technologies in security solutions  poses a challenge. Key market players include Arecont Vision Costar LLC, Avigilon Corp., Axis Communications AB, Basler AG, Belkin International Inc., Cisco Systems Inc., Dahua Technology Co. Ltd., Eagle Eye Networks Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Honeywell International Inc., Johnson Controls International Plc., MOBOTIX AG, Netgear Inc., Panasonic Holdings Corp., Pelco Inc., Robert Bosch GmbH, Shenzhen Gospell Smarthome Electronic Co. Ltd., Sony Group Corp., and Teledyne Technologies Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Public, Commercial, and Residential), Component (Software and Hardware), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

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

Key companies profiled

Arecont Vision Costar LLC, Avigilon Corp., Axis Communications AB, Basler AG, Belkin International Inc., Cisco Systems Inc., Dahua Technology Co. Ltd., Eagle Eye Networks Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Honeywell International Inc., Johnson Controls International Plc., MOBOTIX AG, Netgear Inc., Panasonic Holdings Corp., Pelco Inc., Robert Bosch GmbH, Shenzhen Gospell Smarthome Electronic Co. Ltd., Sony Group Corp., and Teledyne Technologies Inc.

Key Market Trends Fueling Growth

The global network camera market is witnessing significant growth due to the emergence of 5G-enabled cameras. These innovative cameras transmit audio and video signals via 5G networks, which are gradually being deployed in various countries. A limited number of these 5G network cameras are currently available, but they offer faster and higher quality video transmission. Furthermore, the latest Internet protocol camera technology is gaining popularity, and the integration of 5G cameras with mobile applications is expected to enhance their effectiveness and user-friendliness. These technological advancements will fuel the expansion of the network camera market in the coming years.

The Network Camera Market is experiencing significant growth due to increasing demands for video analytics in various sectors. Key industries like transportation and logistics, government and public, mining, oil and gas, automotive, and manufacturing are adopting network cameras for critical monitoring and surveillance. Wired connection, artificial intelligence technology, and hardware components such as camera lenses and mountings are essential hardware requirements. Security threats, cyber-attacks, and data privacy attacks are driving the need for advanced software customization, operational training, installation, and safety features. Fixed cameras, pan-tilt-zoom cameras (PTZ), infrared cameras, and centralized segmentation are popular choices. The residential and commercial sectors also contribute to the market. Camera lenses manufacturing, Local Area Network, secondary storage, and malicious activities such as thefts, terrorist activities, and felons are other market trends. Higher resolution, wider angles, inspection, and surveillance market growth continue, with centralized and decentralized networking, advanced software, artificial intelligence (AI), robotics, and safety features shaping the future. 

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Market Challenges

The Network Camera Market faces a significant challenge due to the limited awareness about advanced security technologies, such as wireless video surveillance and network cameras. This lack of understanding can hinder organizations from recognizing potential security risks and threats, making it crucial to promote awareness. In developing regions, the absence of awareness about potential security breaches and the resulting loss of confidential data is particularly prevalent. To address this issue, vendors must engage in promotional activities like trade fairs, seminars, and webinars to educate businesses about these technologies. Neglecting security can have severe consequences for any organization. Failure to spread awareness about network cameras may hinder their widespread adoption and negatively impact market growth during the forecast period.The Network Camera Market is experiencing significant growth due to the shift from traditional analog format to digital systems. Key challenges include ensuring compatibility with WI-FI and internet network connections, while maintaining HD quality and dynamic light-weight levels. Camera features such as remote focus, AI, IoT, face detection, and body detection are becoming essential. Hardware components like Pan-Tilt-Zoom (PTZ) and field of view are critical for effective video surveillance solutions. The services segment, including service providers, is a growing area, with infrared solutions popular in industrial sectors like military and defense, government facilities, and smart city projects. Consolidated and distributed segment offerings include master databases, decentralized solutions, and video surveillance solutions. Market trends include IP protocol networks, road traffic monitoring, industrial operation monitoring, and domestic surveillance. Challenges include ensuring cloud storage space and high-definition format capabilities, such as 16 megapixels. Traditional CCTV cameras with physical recording devices are being replaced by internet protocol cameras. The commercial segment targets retail theft prevention, while the residential segment focuses on home security. Overall, the market is evolving to meet the demands of various industries and applications.

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Segment Overview 

This network camera market report extensively covers market segmentation by

End-user 1.1 Public1.2 Commercial1.3 ResidentialComponent 2.1 Software2.2 HardwareGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Public-  The demand for network cameras in the public sector is increasing due to the need to ensure safety and security. Video surveillance using network cameras enhances situational awareness, prevents criminal activities, and simplifies response to emergencies. Government offices and organizations, as well as public infrastructures, are major adopters of network cameras. These include highways, streets, bridges, stadiums, parks, prisons, and transportation facilities. The threat of terrorism and criminal activities has encouraged the deployment of network cameras in prisons, correctional facilities, airports, railway stations, and bus depots. Network cameras enable effective access control, analytics, and passenger load management in transportation facilities. They also help prevent unlawful activities such as pickpocketing, vandalism, theft, and disorderly public behavior. The traffic department is a significant user of network cameras, using them for vehicle counting and traffic violation monitoring. These factors are driving the growth of the network camera market in the public sector.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Network Camera Market has witnessed significant growth due to the increasing demand for advanced security solutions in various sectors. Network cameras, also known as IP cameras, offer several advantages over traditional CCTV cameras, including remote access, real-time monitoring, and integration with IoT technologies. These cameras are increasingly being used for residential security, particularly in metropolitan cities, to prevent home burglaries, squatting, and other malicious activities. Network cameras are also essential for industrial operation monitoring, road traffic monitoring, and central networking in large organizations. Mountable Wi-Fi cameras and smart IP cameras offer flexibility and ease of installation, making them popular choices for domestic surveillance. The market is driven by the need for cloud storage space and Local Area Network (LAN) connectivity for video surveillance. The IP protocol network enables seamless communication between cameras and secondary storage, ensuring reliable and secure data transfer. The market is expected to continue growing due to the increasing threat of terrorist activities and felons, making security a top priority for individuals and organizations alike.

Market Research Overview

The Network Camera Market is a growing sector in the security industry, focused on providing advanced video surveillance solutions for residential, commercial, and industrial applications. These cameras leverage networking and IoT technologies to deliver real-time, high-definition video monitoring. Mountable Wi-Fi cameras and smart IP cameras are popular choices for home security, while infrared solutions are preferred for low-light environments. Key features include dynamic light-weight levels, remote focus, and hardware components like camera lenses and mountings. AI technologies such as face and body detection enhance security systems, while services segment offers installation, operational training, and video analytics. The market caters to various industries, including metropolitan cities, commercial buildings, and industrial sectors like healthcare, transportation and logistics, mining, oil and gas, automotive, and military and defense. Network cameras offer consolidated and decentralized solutions, with cloud storage space and high-definition formats like 16 megapixels. However, concerns over cyber-attacks, data privacy attacks, and wired connection vulnerabilities persist. The market includes various hardware components like network connectivity devices and software customization services. Traditional CCTV cameras with physical recording devices are being gradually replaced by digital network cameras, offering more flexibility and advanced capabilities.

Table of Contents:

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

End-userPublicCommercialResidentialComponentSoftwareHardwareGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

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

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Learnologyworld Unveils New Domain and Partnerships for Enhanced IT Training

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September 28, 2024

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Discover Learnologyworld’s new domain, learnologyworld.net, and exciting partnerships with Phoenix Computer Academy and WiFi Training Voucher. Expand your IT skills today!

LOS ANGELES, Sept. 28, 2024 /PRNewswire/ — Learnologyworld, the premier resource for online IT training and certification, is proud to announce two exciting new developments. This includes a brand new website domain, learnologyworld.net, and partnerships with key players in the IT training space.

Learnologyworld’s new website is available now at learnologyworld.net. The old domain, learnologyworld.com, will remain live until October 18, 2024, but visitors are encouraged to update their bookmarks to the new official home of Learnologyworld. The new domain’s launch represents Learnologyworld’s ongoing growth and innovation and its dedication to providing enhanced online experiences.

Manuel End, Co-Founder and CEO of Learnologyworld, said of the new domain, “This transition marks a significant milestone in Learnologyworld’s development, and I couldn’t be more excited.”

Learnologyworld has also teamed up with Phoenix Computer Academy (phxcomputeracademyshop.com) and WiFi Training Voucher (wifitrainingvouchers.com), two established names in online IT training and certification. This strategic expansion of Learnologyworld’s certification offerings will enhance the educational journey for both IT newcomers and experienced pros looking to add new skills.

“These exciting collaborations allow us to offer an expanded product selection, adding industry-recognized training and certification programs that our customers have long asked for,” End said. Phoenix Computer Academy offers a broad range of IT certifications, and WiFi Training Voucher specializes in real-world network training.

Learnologyworld is a leading provider of online IT training and certification programs. The company’s international presence provides learners with a global perspective on the latest trends in information technology.

IT professionals who want to add new certifications to their resumes and beginners in the field can find out more about Learnologyworld’s training programs online at https://learnologyworld.net.

About Learnologyworld

Learnology World is an online platform that provides IT professionals with the necessary expertise to succeed in the digital age. With years of experience, the platform offers a variety of certification materials, including exam vouchers for DevOps, Autodesk, and Linux users.

For media inquiries or to learn more about Learnology World’s latest discounted materials and certifications for advancing your IT career, visit learnologyworld.com.

Press Contact

Bella Rose
7402177670
https://www.learnologyworld.net/

View original content:https://www.prnewswire.com/news-releases/learnologyworld-unveils-new-domain-and-partnerships-for-enhanced-it-training-302261594.html

SOURCE Learnologyworld

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CGTN: Why has China’s nature reserve network proved invaluable?

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4 hours ago

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September 28, 2024

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BEIJING, Sept. 28, 2024 /PRNewswire/ — Summer is the busiest season at Qinghai Lake, the largest saline lake in China.

Birds feed and nurture their young, herders drive yaks to the alpine pastures. Meanwhile, an army of naked carp, a species unique to the lake, gather to start their annual migration.

The fish swim in the lake, which lies in northwest China’s Qinghai Province, at an average depth of 18 meters. But the high saline and alkaline content of the lake water inhibits their gonad development, so every year from May to August the mature naked carp head to the fresh waters of the Buha River and Shaliu River, that flow into the lake, to spawn. This forms one of the great wonders of Qinghai Lake – the migration of the naked carp.

The ‘lost and found’ naked carp

The naked carp has a special place in the hearts of people in Qinghai, because it once helped save countless lives. In the 1950s and 1960s, food shortages led locals to rely on the fish for survival. The large-scale development of Qinghai Lake’s naked carp population began.

But in just a few decades, the “gift of the divine lake,” as the fish was known, was in danger of extinction due to overfishing and habitat loss. By the early 21st century, the number of naked carp in Qinghai Lake had fallen to less than 1 percent of the historical peak.

The local government implemented fishing bans and cracked down hard on illegal fishing and trading. Combined with artificial breeding and the improvement of the ecology of the lake, the carp population bounced back despite a low fertility rate.

Over time, the efforts have paid off. As of 2023, the total tonnage of naked carp in the lake had reached about 120,300 – about 44 times that of 2002. The fish’s protection status has since been downgraded from “endangered” to “vulnerable.”

The protection of the naked carp is just one example of the success of China’s conservation efforts. From giant pandas and crested ibises to golden snub-nosed monkeys, the populations of rare species have gradually grown as the country’s system of nature reserves has developed.

China is home to some of the richest biodiversity on Earth and is the only country with nearly all ecosystem types. Its natural protected areas have boosted biodiversity conservation and play a primary role in safeguarding national ecological security.

Nature reserves of various types have been established in the People’s Republic of China since its founding in 1949. Protection of endangered species has been continuously strengthened, international cooperation has grown, and the network of natural protected areas is bearing fruit.

Ecological civilization was incorporated into China’s integrated development plan in 2012, when Xi Jinping became China’s top leader. Since then, greater changes have been seen across the country as Xi emphasized the importance of seeking harmonious coexistence between humanity and nature.

“The Book of Changes (l Ching) says, ‘We should learn about the changes of the season by studying natural phenomena and foster social development by studying human phenomena. Wealth arises from following the way of heaven and earth and assisting the natural order’,” Xi said at the National Conference on Ecological and Environmental Protection on May 18, 2018.

According to the Chinese Ministry of Natural Resources, by June 2024, the country had restored over 100 million mu (about 6.7 million hectares) of ecosystems that include mountains, rivers, forests, farmlands, lakes, grasslands and deserts.

China’s protected areas cover 18 percent of its land area and 4.1 percent of its maritime area, corresponding to 90 percent of its terrestrial ecosystem types, 85 percent of wild animal populations, 65 percent of higher plant communities and nearly 30 percent of important geological relics.

The country’s nature reserves are a solid foundation for ecological environmental protection, and the “China Biodiversity Conservation Strategy and Action Plan (2023-2030)” has clarified priority areas and actions for biodiversity conservation.

China has also shouldered its international responsibilities, participated in global environmental governance and biodiversity conservation cooperation, and been the driving force for the concept of a community with a shared future for mankind, emphasizing the interdependence and common challenges faced by all countries.

https://news.cgtn.com/news/2024-09-27/Why-has-China-s-nature-reserve-network-proved-invaluable–1xezv2eED4c/p.html

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SOURCE CGTN

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ChoiceCash publishes two new data studies highlighting title loan application trends

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5 hours ago

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September 28, 2024

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VAN NUYS, Calif., Sept. 27, 2024 /PRNewswire/ — ChoiceCash, a leading title loan brand offering auto equity loans to subprime borrowers in more than 20 states, has published two new data studies highlighting title loan application trends.

Published on September 10th 2024, the first data study covering average credit scores for title loan applicants reveals that the ChoiceCash product offers consumer credit to applicants with a credit profile that is well below the national average. The product-wide credit score average of 557.6 for year-to-date applications through end of August is largely consistent for applicants from all regions within the United States, ranging from 545.3 in the Northeast to 559.6 in the West.

Published on September 18th 2024, the second data study highlights title loan customer payment trends by payment method, region and loan disbursement method. This study reveals that ChoiceCash title loan customers have a clear preference for making payments using electronic payment channels, accounting for more than 90% of payments. Looking at payment channel preferences based on how the loan proceeds were disbursed at the inception of the loan, the study finds that customers’ preferences for receiving loan funds also reflect in the channels they choose for making loan payments. The study concludes that ChoiceCash’s online title loan product offer, which includes multiple ways to both receive loan proceeds and make loan payments, allows title loan customers to transact consistent with their financial preferences.

About ChoiceCash:

ChoiceCash is a vehicle-secured loan option for borrowers from all walks of life. Serving customers in more than 20 states, ChoiceCash has grown to be a premier funding option, with more than a million loan inquiries processed.

The ChoiceCash loan is made by Capital Community Bank, a Utah Charted bank, located in Provo, Utah, Member FDIC. All loans will be serviced by LoanMart. Loan proceeds are intended primarily for personal, family and household purposes. All loan applications are subject to meeting Capital Community Bank’s credit criteria, which include providing acceptable property as collateral. Customers need to demonstrate ability to repay the loan.

Contact information: media@choicecash.com

View original content:https://www.prnewswire.com/news-releases/choicecash-publishes-two-new-data-studies-highlighting-title-loan-application-trends-302261650.html

SOURCE ChoiceCash Title Loans

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