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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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DIGITIMES Asia: Qualcomm circles Intel for takeover: biting off more than it can chew?

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48 mins ago

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September 28, 2024

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TAIPEI, Sept. 28, 2024 /PRNewswire/ — The Wall Street Journal reported that Qualcomm has approached Intel for a potential takeover, a story later verified by CNBC. While the news initially sparked a 3% rally in Intel’s share price, significant doubts remain about the feasibility of such a deal.

According to the news report from the technology-focused media DIGITIMES Asia, a takeover could offer strategic value for Qualcomm, but the complexities of acquiring a company of Intel’s size and stature raise numerous questions. Here are the key challenges Qualcomm would need to overcome to make the deal successful:

Regulatory approval

One of the most significant obstacles is likely to be regulatory scrutiny. Given Intel’s size and market position in the semiconductor industry, antitrust authorities in multiple jurisdictions would carefully evaluate any acquisition. Concerns about market monopolization could lead to regulatory pushback or even prevent the merger altogether.

The semiconductor industry is heavily regulated, and any significant changes to the structure or operations of Intel’s foundry could attract scrutiny from antitrust authorities. Qualcomm would need to ensure that any divestitures or restructuring do not violate competition laws, particularly given Intel’s prominent position in the market.

Some argue that Qualcomm’s takeover bid could survive the competition law review because Intel is facing financial difficulties, and the two companies do not compete in the same market spaces, except for PC CPUs. However, the deal would still need to go through reviews in other countries, including China, whose passive disapproval led to the failure of Intel’s acquisition of Tower Semiconductor.

Intel’s internal resistance

Intel’s management may resist a takeover, particularly if they believe the company can turn its fortunes around independently. Qualcomm’s bid could face significant challenges if Intel’s leadership does not support the acquisition or sees it as strategically disadvantageous.

Market reaction, stakeholder support, and existing industry relationships

The success of a bid often relies on the reactions of shareholders and market stakeholders. If Intel’s shareholders see more value in maintaining independence or if there is skepticism about the strategic fit of Qualcomm acquiring Intel, this could lead to difficulties in securing the necessary support for the acquisition.

Qualcomm may need to navigate Intel’s existing relationships with its customers, partners, and suppliers, especially if those entities are concerned about the implications of a takeover.

For example, Intel’s foundry business may have existing contracts with third-party clients, including the recently announced AWS deal. If Qualcomm decides to scale back or eliminate this segment, it could lead to legal disputes or loss of revenue from already established contracts, impacting Qualcomm’s cash flow.

Financial viability

Qualcomm would need to ensure that it has the financial resources to make a competitive bid for Intel while also addressing any existing debts or liabilities Intel carries. According to Qualcomm’s financial report for the third quarter of its fiscal 2024, the three months to June 23, the company had only US$7.8 billion in cash and cash equivalents at its disposal and just over US$23 billion in total assets.

With Intel’s market value around US$93 billion, a stock-for-stock transaction is most likely for the takeover. However, Qualcomm would have to convince investors and financial institutions of the potential profitability of the acquisition, considering Intel’s financial struggles with its foundry business.

Strategic and operational alignment

The takeover offers Qualcomm numerous benefits, including a vast portfolio of intellectual properties (IPs), a significant market share in the PC chip market, and an accelerated entry into edge AI computing, a promising area for future growth.

However, merging two large organizations with distinct cultures and operational methods always presents significant challenges. Qualcomm would need to develop a comprehensive integration plan to address potential disruptions and ensure a smooth transition.

While Qualcomm’s bid to acquire Intel could theoretically provide a significant advantage in the competitive semiconductor landscape, several formidable challenges stand in the way. The success of the takeover would depend on a favorable regulatory environment, the response of Intel’s management and shareholders, solid financial backing, and a well-defined strategy that highlights the expected benefits of the consolidation.

Given the complexities involved, predicting whether Qualcomm’s bid would succeed is challenging, and it could ultimately require careful negotiation, strategic planning, and a willingness to adapt to the responses of various stakeholders.

Original link: https://www.digitimes.com/news/a20240922VL200.html

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SOURCE DIGITIMES ASIA

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Luvme Hair Celebrates 10th Anniversary with Final Mega Sale

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48 mins ago

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September 28, 2024

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Luvme Hair celebrates its 10th anniversary with a Final Mega Sale, offering customers exclusive discounts of up to $110 off and special gifts. From September 24 to September 29, 2024 (EST), the sale applies to all products, including the brand’s premium wigs and hair extensions. Founder Helena Lee expressed gratitude to the loyal customers who have supported the brand over the past decade, highlighting the sale as a way to give back. For more details and to participate, visit the official Luvme Hair website.

NEW YORK, Sept. 28, 2024 /PRNewswire-PRWeb/ — Luvme Hair, a leading brand in the human hair wigs industry, proudly celebrates its 10th anniversary with a Final Mega Sale, offering exclusive discounts and gifts as part of its anniversary celebration. The event provides new and returning customers the chance to enjoy significant savings across all product categories.

Event Details:

Event Duration: September 24 – September 29, 2024 (EST)

Discounts: Up to $110 off

Discount Codes:

Spend $139, get $20 off with code: 10TH20Spend $179, get $30 off with code: 10TH30Spend $279, get $60 off with code: 10TH60Spend $389, get $110 off with code: 10TH110

Applicable Products: All products sitewide

Event Link: https://shop.luvmehair.com/collections/luvmehair-wig-sale

The Final Mega Sale marks the culmination of Luvme Hair’s 10th-anniversary celebration and offers a unique opportunity for customers to experience premium-quality wigs, extensions, and accessories at reduced prices. The upgraded discount structure allows shoppers to save more as they spend more, making this event the perfect time to invest in high-quality, versatile human hair wigs.

Visit the official Luvme Hair website, apply discount codes at checkout, and enjoy savings of up to $110.

Helena Lee, the founder of Luvme Hair, shared her thoughts on the 10th anniversary: “Celebrating this milestone reflects the loyalty and support that Luvme Hair has received over the past 10 years. The Final Sale is a way to give back to our customers by offering enhanced savings and gifts. We are excited to continue empowering individuals through our wigs and hair extensions and look forward to many more years of innovation.”

About Luvme Hair:

Luvme Hair is a reputable brand in the hair wigs industry, known for its high-quality human hair wigs, glueless wigs, curly wigs, bob wigs, Bundles With Closure and clip in hair extensions that allow individuals to effortlessly switch up their looks. With a focus on innovation, creativity, quality, and customer satisfaction, Luvme Hair has garnered a loyal customer base globally, with over 2 million satisfied customers. For more information about Luvme Hair and its products, please visit their official website at Luvme Hair.

Media Contact

Jian Mei, Luvme Hair, 1 13016070827, tgyxzx808@gmail.com, Luvme Hair

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Learnologyworld Unveils New Domain and Partnerships for Enhanced IT Training

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6 hours ago

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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/

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