Network(IP) Camera Market Share

The global video surveillance market has changed dramatically over the years. Video surveillance is rapidly changing from analog to digital systems, stand-alone solutions to networked implementation and growing array of complex video analytics. The advantages of surveillance systems over physical, manned security such as the ability to allow remote monitoring have resulted in wide deployment across the world.

According to a new report “Network Camera and Video Analytics Market - Global Forecast , Trend & Analysis (2012 - 2017) " published by MarketsandMarkets,The global network camera market is estimated to be worth $1.85 billion in 2012 and expected to reach $4.5 billion in 2017, at a CAGR of 19.5% from 2012 to 2017.

The key factors driving the network camera market are the need for higher resolution; reduction of TCO backed by government investments, and increasing demand from nonsecurity applications. On the other hand, the network camera market growth is hammered by factors like high-bandwidth requirements and lack of data privacy.