Security Cameras Market Demand by Forecast to 2027 | Impact of COVID-19
Market Scope
The global security cameras market was valued at USD 4.87 billion in 2017 and is expected to reach USD 9.72 million by the end of the forecast period at a CAGR of 11%.
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Segmentation
The global Security Cameras Market Analysis has been segmented by type, application, resolution, professional service, and end-user.
By type, the security cameras market has been segmented into box security camera, infrared (IR) bullet camera, wireless/IP camera, dome security camera, point tilt & zoom (PTZ) camera, and other cameras.
By application, the security cameras market has been divided into indoor security cameras and outdoor security cameras.
By resolution, the security cameras market has been segmented into high definition (HD) & full HD, and non HD.
By professional service, the security cameras market has been segmented into maintenance and support service, consulting service, and installation and deployment service.
By end-user, the security cameras market has been segmented into industrial/manufacturing facilities, residential/home, commercial/public space, and others.
Regional Analysis
The market was dominated by North America occupying the highest market share, followed by Europe, and Asia-Pacific. There has been significant growth in commercial and residential security in countries such as India and China. At present, China has the highest number of surveillance cameras in the world which makes the region lucrative for various firms provide security cameras.
Competitive Outlook
Swann Communications Pty. Ltd, Panasonic Corporation, SimpliSafe, Inc., ADT Inc., Motorola Solutions, Inc., FrontPoint Security Solutions, LLC, Vivint, Inc., Shenzhen Leshi Video Tech. Co., Ltd, Arlo Technologies Inc, and Hangzhou Hikvision Digital Technology Co. Ltd are key players of the global security cameras market.
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