A wireless security camera is a type of surveillance camera that connects to the internet and delivers footage to a receiver from remote location via a wireless connection, such as a computer or a smartphone. These are network-connected devices that may be accessed from anywhere using an app or browser.
The wireless security camera market consists of sales, by entities (organizations, sole traders and partnerships), of wireless security cameras designed to provide continuous monitoring and surveillance in various environments. These cameras are wirelessly connected to a network, enabling remote access and control for users.
The global wireless security cameras market was valued at $4,023.5 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 8.0%.
Rapid Urbanization
During the historic period, rapid urbanization drove the growth of the wireless security cameras market. Wireless security cameras play a crucial role in addressing the security, safety and management challenges associated with rapid urbanization. By leveraging advanced technology and strategic deployment, these cameras contribute to creating safer, more efficient and resilient urban environments. These cameras serve as essential components of integrated urban management systems. They can be interconnected with other smart devices and sensors to create comprehensive surveillance networks capable of responding to real-time events and optimizing city operations. According to the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization that promotes the interests of developing countries in world trade, the global population increased by 0.9% to 4.46 billion people who resided in urban areas in 2021. Therefore, rapid urbanization positively impacted the growth of the wireless security cameras market during the historic period.
Introduction Of Innovative Surveillance Cameras Addressing Specific Market Needs
Companies in the wireless security cameras market are developing innovative surveillance cameras to gain a competitive edge in the market. Innovative surveillance cameras encompass a range of cutting-edge technologies and features that redefine the capabilities and functionalities of traditional surveillance systems. These cameras leverage advancements in areas such as artificial intelligence (AI), computer vision, connectivity and hardware design to offer enhanced security, analytics and convenience. For instance, in February 2024, Consistent Infosystems, an India-based company that manufactures wireless security cameras, launched a new range of Made in India Surveillance Cameras with advanced features. These cameras come equipped with features such as two-way communication, solar charging capability, smart WiFi app control and night vision.
The global wireless security cameras market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 50.3% of the total market in 2022.
Wireless Security Cameras Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global wireless security cameras market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for wireless security cameras? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The wireless security cameras market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider wireless security cameras market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by components, by type, by camera technology, by applications and by industry verticals.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the wireless security cameras market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by components, by type, by camera technology, by applications and by industry verticals in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for wireless security cameras providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Components: Hardware; Software; Video Surveillance As A Service (VSAAS)
- 2) By Type: Box Camera; Dome Camera; PTZ Camera; Bullet Camera; Other Types
- 3) By Camera Technology: Analog Or Direct; Digital; IP Or Network
- 4) By Applications: Home Surveillance; Public Safety And Surveillance; Asset Monitoring; Educational Institutions Security; Others Applications
- 5) By Industry Verticals: Banking; Financial Services And Insurance (BFSI); Manufacturing; Education; Healthcare; Residential; Commercial; Other Industry Verticals
- Companies Mentioned: Hangzhou Hikvision Digital Technology Co. Ltd.; Vivotek Inc; Zhejiang Dahua Technology Co., Ltd.; Hanwha Vision; Axis Camera
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; wireless security cameras indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.