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North America IP Camera Market Size is Robust Expansion $8 Bn by 2026

Author : Ronak Bora | Published Date : 2021-08-30 

North America IP camera market is expected to cross a valuation of a whopping $8 billion by the year 2026, according to market experts. North America IP camera market share has witnessed a considerable surge over the past few years. National security is of prime importance for every nation across the world. Countries that heavily invest in security systems that serve public interest in the right way, go on to build robust infrastructure in this regard. North America is one of the most developed regions in the world that has security infrastructure of the highest order which is regarded among the best in the world as well.

The U.S. is seeing a worrying rise in the number of security threats as more and more extremist organizations are planning terror attacks in the country. It has resulted in rapid increase in the adoption of advanced audio-video facilities to keep a keen eye on the anti-national activities of radical syndicates. This is where the demand for IP cameras skyrocketed in the country because of its many benefits like providing live surveillance data and offering a wide range of video analytics systems to have greater clarity over suspicious activities of individuals.

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Retail expansion will increase demand for IP cameras:

North America is experiencing a strong wave of digitization and industrialization since the past few years. Expansion of several major retail chains is another factor that will favor the demand for North America IP camera market in the region. This is because these stores are planning to cross borders to set up their business in other parts of the region, resulting in increased need for stronger security solutions.

For example, renowned retail chain Costco Wholesale Corporation announced the opening of six new stores across various parts of the U.S. and Canada in September 2020, thereby leading to rise in demand for North America IP camera market. Innovative security solutions like these video surveillance cameras are quite beneficial for companies in the long-term; some of these benefits include steep fall in the number of theft cases, decreased interest rates on insurance policies, increase in the company profits and many others.

Pan, Tilt and Zoom (PTZ) cameras gain traction in North America:

Fixed, infrared and PTZ cameras are some of the most popular security products used by organizations in North America. According to market reports, the PTZ camera will witness a sharp increase in overall share in IP camera market in the region. One of the major reasons for customers’ growing preference for benefits of using it like ease of controlling the camera position from a remote location.

It even offers high video and picture quality as it has the optical zoom feature with the help of which authorities can easily find out the license number and faces of the defaulters. There are constant innovations going on in this form of video surveillance system to provide better customer experience. For example, Zebronics announced the launch of its smart PTZ camera system in February 2020 for home security solutions. This camera can be easily connected to the home Wi-Fi or hotspot and it even possesses a micro SD slot with data storage capacity of nearly 512 GB.

North America sees notable use of decentralized camera connection:

Decentralized connection will find larger demand among end-users in North America IP camera market during the forecast timeline of 2020-2026. When the connection to IP cameras is decentralized, then it is a lot easier to store and access important data as there are various servers like Network Video Provider (NVR), Hard Disk Drive (HDD) and Network Attached Storage (NAS). These systems significantly reduce the cost of buying expensive storage devices for the same task.

There are various benefits of decentralized networks like increased flexibility and reliability along with the capacity to smoothly operate in different server environments.

BFSI sector in North America will increasingly adopt IP cameras:

North America IP camera industry is predicted to find greater application in the BFSI sector through 2026. The number of burglary cases is rising at an alarming rate in this segment which has prompted many financial institutions and banks to adopt innovative video surveillance solutions. In February 2018, for example, the burglary at the Royal Bank of Canada led to its temporary closure and increased installation of strict security solutions like IP cameras to closely monitor the transaction offices and the other branches of the bank.

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IP cameras provide live and recorded video footage that eases the process of identifying the criminals and plays an important role in further investigation processes as well. Some well-known companies that are involved in manufacturing North America IP camera market are Bosch Security Systems, Panasonic Corporation, Dahua Technology, Pelco by Schneider Electric and a few others.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Market Snapshot

2.1    North America IP camera market snapshot

Chapter 3   North America IP Camera Market Trends

3.1    Industry coverage

3.2    Industry size, 2016 - 2026

3.3    Impact of COVID-19 pandemic

3.4    Value chain analysis

3.4.1    Company product snapshot

3.5    Innovation landscape

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Competitive benchmarking, 2019

3.9.1    Strategy dashboard

3.10    PEST analysis

Complete Report is Available (Including Full TOC, List of Tables & Figures, Graphs, and Chart) @ https://www.graphicalresearch.com/table-of-content/1656/north-america-ip-camera-market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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