Electronics and Media

Data center rack and enclosure market to witness a double-digit CAGR over 2018-2024, robust demand for high-density data centers to spur the industry growth

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With data centers touted to be the miracle machines supporting critical IT infrastructure, data center rack and enclosure market seems to have registered an impressive growth in the recent years. Owing to the rapidly proliferating connected lifestyles, the use of data and connected devices has been staggering lately. In the United States, the number of devices and connections was 7.3 per person in 2015 and is expected to grow to over 12 per person in 2020. The popularity of video continues to grow more than ever, with internet video reaching 4.8 exabytes by 2020 – more than a fourfold growth as compared to figures in 2015. By 2019, 83% of all data center traffic is expected to be in the cloud, quite overtly impacting data center rack and enclosure industry trends.

UK data center rack & enclosure market, by application, 2017 & 2024 (USD Million)
UK data center rack & enclosure market, by application, 2017 & 2024 (USD Million)

The rapid growth of data usage has brought about various changes in the data center infrastructure with some of the major changes being witnessed in data center racks and enclosures. Since racks are an essential part of data center cooling, high density data center has automatically come to mean maximizing the usage of power and cooling which has created a new growth avenue for data center rack & enclosure market. High density data centers have created an inevitable need for an infrastructure that can mount high capacity cables and manage airflow optimization. Driven by the rising demand for not only racks that can fit more servers but also data center cabinets, data center rack & enclosure market size from the hardware components is anticipated to witness a CAGR of 12% over 2018-2024. Several data center rack & enclosure market players are now focusing on manufacturing cabinets that are better than the rack system, as cabinets not only organize expensive electronics but also completely close down to offer concise management of temperature.

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Increased customer demand has also stimulated the expansion of data center rack and enclosure market based on rack unit height. To accommodate the growing demand, IT resources are continually looking for space to accommodate expanding physical infrastructure. Since the construction of a new facility can prove to be too expensive, most data centers are looking to accommodate more servers per rack, undergoing vertical expansion and stimulating the demand for 48u racks.

Though taller racks do not come without additional challenges, data center racks are being designed to revolutionize IT facilities by separating hot exhaust air that is emitted by equipment from the cold supply of air. This results in stable air temperatures and dry and warm air return to AC coil. Data center racks are also designed for increasing energy efficiency by organizing racks in a hot aisle cold aisle containment manner which in turn enhances equipment performance. As racks will not only elongate hardware life but also boost air efficiency and cut down on energy spending, data center rack & enclosure market will continue to grow at an unprecedented pace over 2018-2024.

Virtualization and innovation in rack and enclosure design are becoming an increased necessity in the era of high density data centers. While virtualization can reduce power consumption in a data center, it can also reduce energy efficiency if cooling and power are not adjusted with the new IT load. Key industry players such as Rittal GmbH and Co. KG, Dell, Emerson Electric Company, Hewlett Packard Enterprise, Eaton Corporation and Schneider Electric have come up with innovative rack and enclosure designs in addition to various means of increasing cooling efficiencies as the demand for big data and cloud-based IT are on the rise.

The requirement for the expansion of the existing infrastructure due to rapid progress of virtualization, adoption of IoT, high performance computing and enhanced data processing capabilities will create widespread opportunities for data center rack and enclosure market players. Powered by the rapidly changing demands of today’s tech-savvy consumers, data center rack and enclosure market size is expected to cross USD 5 billion by 2024.

Author NameParoma Bhattacharya

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Data center networking market to witness a remarkable double digit CAGR of 14.3% over 2018-2024, product innovations to characterize the competitive landscape

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The unprecedented evolution of cloud computing technology is undeniably driving new levels of innovation in data center networking industry. The extensive penetration of Internet of Things (IoT) has brought a renewed dimension in the business model, where the modern change in traffic patterns expose the limitation of conventional network. In the light of the recent scenario, data center networks are expected to exhibit not only scalability and high performance, but also flexibility, agility, and enhanced automation. Companies ranging from enterprises to cloud service providers are highly influenced by the growing trend of data & network virtualization and are seeking to integrate advanced technology solutions to curtail the overall operational expenditure. Incidentally this has encouraged core tech juggernauts to come up with newer innovations that could potentially change data center networking market dynamics.

China data center networking market size, by end-use, 2017 & 2024 (USD Million)
China data center networking market size, by end-use, 2017 & 2024 (USD Million)

Globally acclaimed SDN solution provider, Nokia’s Nuage Networks recently made its way to the front page with its latest data center transformation projects with China Mobile and Spanish multinational broadband, Telefónica. Reportedly in both these projects, Nuage’s VNS (Virtualized Networks Services) has been used in a bid to provide more elasticity to these data center sites. Nuage Networks’ initiatives, as per experts’ opinion, coherently depict the progress of data center networking industry toward network slicing with SDN (software-defined networking).  For the records, Telefónica worked with Nuage in order to leverage its hefty yesteryear investment in SD-WAN infrastructure. The integration of VNS solution in its service is further to offer enterprises the facility of configuring and customizing value added services via a self-service portal. Not to mention, the extensive growth of cloud computing technology has indeed proved to be a catalyst in sowing the seeds for advancing the innovation in data center networking market.

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In yet another turn of events, American tech conglomerate, IBM Corporation last year announced its plan of launching four new data centers in the United States, in a bid to support the surging demand for cognitive capabilities. Experts believe the project is sure to leave a perpetual impact on U.S. data center networking market, as the transition to cloud-based software would necessitate the requirement of replacing the traditional networks. In fact, U.S. and Canada conjointly held almost a lion’s share (40%) of data center networking industry in 2017. The subtly changing trends toward cloud-based software in tandem with growing popularity of streaming devices and social media is claimed to be a sure shot indicator of the fact that U.S. would experience an upper hand in data center networking industry over the ensuing years.

Data center networking market giants are betting big on highly advanced storage and memory technologies to gain a competitive edge. Klas Telecom for instance, has recently released an upgraded version of Voyager TDC. Christened as Voyager TDC 2.0, this groundbreaking technology claims to provide users the flexibility of the original system, in addition to NVMe and double storage capacity that ensure better and faster performance. If reports are to be relied on, the company will demonstrate how users can integrate AI and machine learning technology at tactical edge, leveraging the ultra-high-power process capability of Voyager TDC at SOFIC 2018. Yet another trend that is quite vivid in the competitive terrain of data center networking industry is technological proliferation via strategic partnerships. All in all, aided by the vast technology landscape where myriad companies are becoming consumer centric and data driven, data center networking market share is forecast to exceed a valuation of USD 35 billion by 2024.

Author NameSatarupa De

Data center infrastructure management (DCIM) market to register a phenomenal CAGR of 20% over 2018-2024, government sector to drive the end use landscape

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The commercialization scale of data center infrastructure management (DCIM) market has been witnessing remarkable upswing in the recent years. The steady rise of this business space can apparently be accredited to the burgeoning complexity of managing large data centers and the limitations with regards to space and power. In addition to this, the robust proliferation of cloud technologies and big data along with the emergence of Internet of Things has necessitated numerous business verticals to focus on planning of physical infrastructure of IT based services. This has consequentially led to DCIM industry gaining tremendous traction over the past few years. In fact, according to reliable estimates, the overall revenue share of this business space is set to surpass USD 3 billion by 2024.

U.S. data center infrastructure management (DCIM) market size, by solution, 2017 & 2024 (USD Million)
U.S. data center infrastructure management (DCIM) market size, by solution, 2017 & 2024 (USD Million)

 

Government sector to emerge as one of the leading end use segments that would drive DCIM market expansion

In an era when cyber-attacks from ‘nation state actors’ have become an everyday occurrence across the globe, it has been observed that numerous governments are increasingly allocating massive resources to fortify network security. In addition to this, various regulatory authorities have mandated stringent guidelines to monitor and identify potential vulnerabilities in the digital infrastructure of developed and developing nations.

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Nlyte Software, one of the major US based DCIM market giant, has recently announced to have received the much-coveted approval of the Department of Homeland Security for its DCIM suite. Reportedly, the latest approval makes it the first DCIM solution across the U.S. to adhere to all the stipulations prescribed in the Phase 1 of Continuous Diagnostics and Mitigation (CDM) Program of the federal government. For the record, the U.S. federal government had rolled out a Continuous Diagnostics and Mitigation (CDM) Program a few years back to ensure security and integrity of software and hardware assets of the nation.

Apparently, industry experts claim that such approvals would provide advanced tools and capabilities to various governmental agencies to continuously monitor the safety of critical data centers across various nations. Furthermore, it is quite needless to mention that such encouraging developments would eventually impel the growth potential of the overall DCIM industry in the ensuing years.

Elaborating further, it would be prudent to mention a similar instance of governmental initiative that has provided a substantial boost to the firms operating in Australia’s DCIM industry space. The Northern Territory government of Australia has recently declared its Budget for 2018-19 in which it has allocated a total sum of around AU$18.38 million to support initiatives under the Department of Corporate and Information Services.

As part of this scheme, the government plans to upscale the number of physical servers from 444 to 460 and intends to increase the number of its fully managed servers from 1600 to 1700 in the next financial year. With such enormous upgradation program in the pipeline, it is quite obvious that prominent firms partaking in DCIM industry of Australia sense an excellent opportunity to deploy their expertise in securing the nation’s data center network.

One of the major challenges being faced by DCIM market players has been the responsibility of bridging the complex web of interconnections among a network of data centers. With the advent of enhanced automated tools, highly optimized management workflow procedures, and deployment of real-time monitoring systems, the aforementioned challenges are being gradually surmounted by DCIM industry stakeholders. This trend of improved functionality coupled with powerful IT-based applications would invariably have a favorable influence on the growth prospects of DCIM market share in the times to come.

Author Name : Saif Ali Bepari

Wireless fire detection system market to be driven by a sound regulatory structure over 2018-2024, technologically progressive products to characterize industry landscape

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Owing to the rapid adoption of smart technologies such as IoT and Big Data, wireless fire detection system market share has witnessed a remarkable uptick of late. The convergence of integrated solutions coupled with a marked increase in the deployment of advanced fire detection systems would further augment product demand. Apparently, the new-age systems offer enhanced aesthetics by eliminating the need for drilling holes and cabling requirements, prevent the utilization of asbestos, and provide ease-of-installation. Subject to this, technology providers have focused on developing advanced fire detection technologies so as to ensure security and safety in new construction projects, that would consequentially aid wireless fire detection system industry.

U.S. Wireless Fire Detection Systems Market size, by commercial applications, 2017 & 2024 (USD Million)
U.S. Wireless Fire Detection Systems Market size, by commercial applications, 2017 & 2024 (USD Million)

Elaborating further, it has been observed that periodic revision and streamlining of fire safety standards is a crucial factor to have influenced the overall wireless fire detection system market trends. Moreover, numerous developing nations have been concentrating on constructing smart cities to sustain and reenergize their economies. Apparently, the seamless functioning of these smart cities would require stringent enforcement of enhanced fire safety codes.

In accordance with the same, it is rather imperative to state that regulatory agencies have a vital role to play in such a scenario. Enumerated below are a few major instances of government agencies which have prescribed forward looking and advanced guidelines that are quite significant for the global wireless fire detection system industry:

  • One of the major organizations that has contributed immensely toward drafting improved safety standards in wireless detection system market is the Occupational Safety and Health Administration (OSHA). Being one of the foremost agencies of United States Department of Labor, OSHA has time and again laid out stringent regulatory guidelines with regards to fire safety that has been mandated to be complied to, especially in the construction sector. In the US, OSHA’s regulatory directives such as 29 CFR 1910.160 and 29 CFR 1910.164 have acquired increased prominence given that they are strictly required to be complied with while installing wireless fire detection systems.
  • European Union’s popular directive, named as EN54 Part 25, is predominantly known for outlining the precise safety requirements and laboratory tests for components utilizing radio links across wireless fire detection system industry. Apparently, these directives consist of detailed guidelines pertaining to heat detectors, smoke detectors, voice alarm control and indicating equipment, alarm transmission and fault warning routing equipment, point fire detectors which use carbon monoxide sensors, etc.

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Concurrently, the swift advancements being observed in networking infrastructure coupled with the aforementioned robust regulatory structures is certain to impel the wireless fire detection system market over the ensuing years.

Meanwhile, it would be prudent to mention that the wireless fire detection industry share, which can be termed as being in the nascent stage, has been marred with a few obstacles in the recent times. Subject to various vulnerabilities of wireless infrastructure and the high cost of fire detection systems, the end user segment appears rather apprehensive with regards to adopting these systems on a wide scale.

However, owing to the incorporation of cutting-edge technologies in these systems, numerous household safety device manufacturers have been unveiling convenient and smarter consumer products in wireless fire detection market. For instance, Samsung has recently teamed up with Vodafone to provide a range of smart home products with a special focus on security devices including multipurpose sensors, home alarm assistant, and security cameras. Reportedly, the users would receive alerts on their mobile phones in the event of fire at their home. Needless to mention, the launch of such innovative solutions would undeniably propel the wireless fire detection system market size.

With the development of smart cities across numerous countries complemented with a robust regulatory framework in place, the commercialization prospects of wireless fire detection system industry appear to soar new heights in the near future. In fact, as per a research report by Global Market Insights, Inc., the overall remuneration portfolio of wireless fire detection system market is estimated to exceed USD 500 million by the year 2024.

Author Name : Saif Ali Bepari

Self-Checkout System Market to garner lucrative proceeds via retail sector over 2017-2024, development of innovative products to characterize industry landscape

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Over the past few years, the overall self-checkout system market has grown by leaps and bounds courtesy the proliferation of retail outlets worldwide and the rising demand for a hassle-free checkout process. Numerous companies operating in the retail sector have been proactive in embracing cutting-edge technologies to alter the conventional norms of shopping. Citing an instance to highlight the rising influence of these systems, one of the most well-known apparel retailers Zara has recently implemented a self-service kiosk in its stores that let the buyer pick up orders that were placed online. Apparently, this would provide a personalized shopping experience to all consumers both in-store and online and aid them in making the right purchase decisions based on their personal preferences.

UK self-checkout system market size, by application, 2016 & 2024 (USD Million)
UK self-checkout system market size, by application, 2016 & 2024 (USD Million)

 

A concise overview of how the rapid emergence of smart self-service devices has impacted the self-checkout system market progression

In this regard, the prominent self-checkout system industry players have been manufacturing stationary self-service kiosks and scanners that assist in lowering the wait time at the check-out counter. Moreover, the rising trend of automation has proved to be rather financially beneficial to various business verticals. Enlisted below are a few instances which go on to reveal the increasing dominance of self-checkout system industry in the overall retail sector:

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  • It has been observed that multinational retail corporations along the likes of Walmart and Kroger have been optimistic in installing self-checkout systems across their grocery stores. Reportedly, Walmart plans to set up its self-checkout platform, ‘Scan and Go’, at around 200 stores by the end of 2018. On the other hand, Kroger has recently announced to roll out its self-checkout “Scan, Bag, Go” systems across close to 400 grocery stores. Apparently, these self-service kiosks would await consumers at the end of their shopping, where valid coupons would be tallied, and a final total would be calculated instantly. Needless to say, the development of such unique products by self-checkout system industry participants would assist a large number of retailers to cut costs and make the shopping experience more enjoyable for customers.
  • One of the foremost firm operating in self-checkout system market, Fujitsu Frontech North America Inc., showcased a new cash handling and cashless self-checkout platform at the National Retail Federation’s 2018 Big Show and Expo. Apparently, the latest self-service kiosk is a smaller sized hybrid device that enables easier deployment and reduces remodel costs significantly. With the commercial launch of Fujitsu’s self-service kiosk, retailers would be able to provide better customer service by freeing the staff now devoted to checkout procedure. Subsequently, the launch of such innovative products the overall commercialization potential of self-checkout system market appears promising.
  • In yet another instance that demonstrates the ingenuity of self-checkout system industry players, the Japanese conglomerate Toshiba has recently unveiled the next-gen self-checkout solution. The latest self-service device comes with sleek design complemented with complete modularity. Industry experts claim that the device would enable retailers to respond more swiftly to their business and customer requirements. The conceptualization of the device aims to challenge the prevailing norms by bringing about a drastic change in the retail sector, something which is likely to vigorously impel the growth prospects of self-checkout system market.

While elaborating upon the self-checkout system industry trends, it is quite imperative to mention that there has been a marked increase in the apprehensions regarding jobs being lost over the inclusion of such technology. However, it has been observed that retailers redeploy employees to fulfill immediate requirements within the store and assign complicated tasks that demand human intervention. Hence, numerous businesses have been adopting these systems to reduce costs, boost productivity, and add value to their brand.

Moreover, the escalating requirement of automated solutions across emerging economies and the growing trend of infrastructure development would expand the self-checkout system market share in the ensuing years. In fact, as per a report collated by Global Market Insights, Inc. the worldwide self-checkout system industry size is estimated to surpass an impressive USD 4 billion by 2024.

Author Name :Saif Ali Bepari

APAC display market to witness lucrative proceeds over 2017-2024, China & India to be major revenue pockets

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With significant advancements in the touchscreen & embedded technologies, the global display market is expected to tread along a profitable roadmap in the ensuing years. The emerging markets for touch sensors, controllers, and software drivers for enhancing display & touchscreen experience are highly impacting the industry’s end-use landscape. The retail sector, in this backdrop, aptly exemplify the phenomenal growth of display market. The NFC-enabled terminals, Digital POS displays, smart ATMs, and Kiosks are some of the prominent display market products that have profoundly emerged as the most preferred mediums to engage with customers. Companies partaking in display market are in turn going the whole nine yards to bring new range of products that match with the ever-changing customer preferences.

China POS terminals display market size, by display size, 2016 & 2024 (Thousand Units)
China POS terminals display market size, by display size, 2016 & 2024 (Thousand Units)

Fujitsu, for instance has tied up with Arkessa to deploy connected retail & Internet of Things Solution to enhance personalized & digital experience for customers. The partnership aims to enhance the ICT solutions for the retail sector which would, in turn, enable retailers to deliver a top-class consumer experience. Similar trend of collaborations and product innovations in this business space underlines the massive developments prevalent in the display market.

Smartphone industry giants have placed themselves at the top of the display market competitive hierarchy where they are reportedly creating flexible OLEDs and microLED displays. Apple Inc., for example launched its first OLED display sporting smartphone iPhone X in 2017. However, the display was manufactured by Samsung Display for Apple then. The recent news reports however claim that Apple now is planning to make its own products in-house with MicroLED display technologies in its flagship products. Other prominent companies that have expanded their reach in the global display market are Advantech Co., Ltd., NCR Corporation, Displax S.A., Ingenico Group, NEC Corporation, and Aplus Display Technology, Co., Ltd.

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The aforementioned competitive instance quite clearly underpins the fact that the display industry players are taking rigorous steps in establishing their foothold in the global industry space, while the product innovations and technological advancements are forming the foundation for the future profitability scope. In terms of commercialization potential, Global Market Insights, Inc., claims display market to exceed global valuation of over USD 20 billion by 2024. In fact, the report also states that mere 7-billion-dollar industry witnessed unit shipment of more than 45 million units in 2016. These statistics goes on to validate that display market will be further witnessing huge growth potential in myriad regions down the line.

Reports claim Asia Pacific to be one of the significant regions witnessing high adoption of display technology in retail, entertainment, healthcare, and hospitality sectors. The growing need to upgrade and replace the existing old machines especially in the countries such as China, India, and South Korea is fueling the display market growth in Asia Pacific belt. Add to it, the initiatives such as demonetization and digitization that have been undertaken by the Indian government are expected to further fortify display industry share. Analysts deem that rising implementation of these systems to reduce error and improve profitability has been the key propeller of display technologies adoption in the region. Contemplating on these newer adoption of display technologies, the regional semiconductor & display vendors are seen rapidly expanding their manufacturing capabilities to cater increase in product demand & annual sales.

Given the fact that display technologies will witness extensive adoption on global level, it goes without saying that these systems will remain prominent part of modern-day infrastructure projects. All in all, driven by growing participation of tech giants investing in this technology, the display market growth is all poised to traverse along a profitable roadmap in the coming years.

Author Name : Ojaswita Kutepatil

A regional and competitive overview of IP camera market trends, U.S. and APAC to be the top-notch share contenders

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Internet of things has brought a revolution of sorts in the security & surveillance landscape globally. IP camera industry, in this context, stands as a major beneficiary of this change. As per reliable estimates, in the year 2016, the global shipments for IP cameras surpassed 15 million units. Add to it, reliable sources affirm that in the year 2014, IP camera shipments in smart home exceeded 1.3 million units – data strongly attesting the role of IOT and connected infrastructure in the lucrative growth chart of IP camera industry. Reportedly, the smart home segment is anticipated to depict synonymous demand for networked cameras in the ensuing years with an estimated shipment of more than 20 million units by 2019. Having said this, the growth prospects of IP camera market from residential applications is quite vividly huge. In fact, as per a report compiled by Global Market Insights, Inc. IP camera industry from residential applications is estimated to register a CAGR of 25% over 2017-2024, driven by applications including the likes of home surveillance systems, access control, remote monitoring, intelligent building control, and HVAC management.

U.S. IP camera market size, by commercial application, 2016 & 2024 (USD Million)
U.S. IP camera market size, by commercial application, 2016 & 2024 (USD Million)

Elaborating further on the application portfolio of IP camera market, the domains spanning healthcare, retail, industrial, and real estate, transport, BFSI, and education have contributed immensely to the IP camera market proliferation. Backed by the falling price of these HD network cameras coupled the growing adoption of open standards, these high-resolution HD network cameras have phenomenally penetrated the commercial and governmental sectors. In response to these opportunistic waves, the competitive landscape of IP camera market is thriving with product innovations and developments, having pricing and technology upgradations as the center focus parameters. Not to mention, M&As and collaborative deals between security and technology players is emerging as a top-notch growth strategy, to sustain in this ferociously dynamic landscape.

Citing a recent instance, OmniVision Technologies, Inc, a U.S. based digital imaging developer in collaboration with VATICS Inc., a renowned player in Taiwan multimedia SoC solution market have partnered to bring a NIR or near infrared IP camera solution for indoor & outdoor surveillance systems. As reported by the company officials, the product stands different through its high responsiveness to NIR light, which reduces the need for augmented lighting – which not only proliferates the power consumption but also enhances the risks of exposing the hidden cameras. Speaking along similar lines, it is imperative to mention that Infrared cameras have stood as one of the major product segments of IP camera market and is expected to show significant growth trends in the coming years.

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It is imperative to mention that all the major product developments canopied under IP camera industry are hinged on technology interventions. As per reliable estimates, the worldwide security technology and services market generated a revenue of more than USD 75 billion in 2016. Being on the forefront when it comes to technology appetite, the U.S. stood tall in the IP camera industry share battle with dominating share in 2016. In the year 2014, there were allegedly more than 125 surveillance cameras per thousand people in the U.S.

Pelco, a subsidiary of Schneider Electric, is one such name which has created a buzz in the IP camera industry and has undeniably contributed immensely to the U.S. IP camera landscape. The global surveillance solution leader recently announced its partnership with Ipsotek, UK headquartered video analytics leader, in a bid to bring strong solutions on board to combat security risks. For the records, Pelco plans to leverage Ipsotek’s specialization in detecting behaviors in the real-time videos, thereby delivering alerts to operators and reducing false alarms.

Last year, Pelco, with its collaboration with V5 Systems, expanded its Sarix Professional IP surveillance cameras reach to outdoor security markets, particularly in areas with no or low fixed power and communication facilities. The company is predominantly active in exploring the untapped opportunities in IP camera market space, on a global scale. The firm, made it to the headlines, all over again with its announcement of showcasing its innovative solutions at Intersec 2018. The solutions are deemed to address the Middle East and Africa regions particularly and will elaborate on Pelco’s partnership with three reported industry magnates – Ipsotek, Gallagher Command Center, Ruckus Wireless.

Reportedly, Pelco, in January this year collaborated with Ruckus Wireless to integrate the latter’s ICX switches and ZoneFlex access points (APs) with Pelco’s IP Cameras and VMS in a bid to offer an upgraded version of IP video systems. Overtly, the firm will continue to be a major vendor for the U.S. and the global IP camera industry in the ensuing years.

However, the regional battle is anticipated to take a turn in the ensuing years with Asia Pacific showing signs of being the next major investment hotbed for IP camera industry players. Smart city initiatives in the region is projected to be a major driver for the APAC IP camera market size, driven by huge demand for deployment of these networked cameras in the connected infrastructure. From the recent product launches witnessed across this fraternity, it is quite certain that APAC is ready to give a major competition to the United States, with regard to the procurement of the revenue share. As per recent trends, India, China, Taiwan, South Korea, Australia are slated to be the chief revenue pockets for Asia Pacific IP camera market. Below are some of the initiatives which led APAC to generate a substantial momentum in the global IP camera industry landscape:

  • In a recent turn of events encompassing IP camera market landscape, Digisol Systems, an India headquartered active networking market player announced the launch of its new Dome IP CCTV Camera dubbed as DG-SC6502SA. Reportedly, the camera is featured with a CMOS sensor and real time image processing hardware and is designed for office/home security and monitoring purposes.
  • Hanwha Group, one of the largest conglomerates in South Korea, under its subsidiary Hanwha Techwin America, the renowned supplier of analog and IP video surveillance solutions, recently declared the integration of VMS into the existing Hanwha IP Cameras. Reportedly, the WAVE VMS will enable the present Hanwha IP camera user base across a wide range of sectors like education and retail to utilize the utmost out of the advanced analytics features.
  • ThroughTek, a leading IoT solution provider for cloud connection platform, will reportedly showcase its Kalay Platform solution at the Mobile World Congress Taiwan Pavilion Booth this year. As per the sources, the firm will present the famous products and brands that use Kalay Platform solution like Guardzilla’s low power consumption doorphone, Xiaomi Home IP Camera series, Furbo Dog Camera from Taiwan-based Tomofun. The firm has quite a strong stance in the global IP camera industry and its cloud platform, Kalay has been a breakthrough with regard to providing video transmission & storage with such high efficiency and affordability quotients.
  • Gorilla Technology, the Taiwan based IoT and video intelligence provider recently announced its partnership with Airship, a renowned VMS service supplier, in a bid to create an integrated video intelligence management solution. The deal is anticipated to be an opportunistic one for the players operating in security industry verticals, particularly IP Camera, VMS, NVR, and SI. The deal, as speculated by the industry experts, is an apt blend of security and IoT merger.

With the increasing deployment of big data and IoT and the consequent large pool of data, the quest for deriving actionable insights is expected to proliferate massively. Undoubtedly with ‘smart’ trends penetrating both the government and private sectors, the advancements and security risks go hand in hand, in terms of growth. Amidst this scenario, analysts quote the IP camera market trends to be substantially profitable in the coming years, with a pool of demand from a varied range of sectors. Backed by this drive toward real-time IP/network solutions, the global IP camera industry is slated to register a CAGR of 20% over 2017-2024. For the records, the market stood at an appreciable revenue of USD 5 billion in 2016.

Author Name : Shikha Sinha