home security
U.S. and APAC to be the top-notch IP camera market share contenders by 2025
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.
UK IP camera market, by public/government application, 2019 & 2025 (USD Million)
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 the end of 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 size from residential applications is estimated to register an appreciable CAGR over 2019-2025, driven by applications including the likes of home surveillance systems, access control, remote monitoring, intelligent building control, and HVAC management.
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 the opportunistic waves across principal application avenues, 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.
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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 forecast years. In fact, 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 in 2018, with North America accounting for 35% of the global IP camera market share.
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 market 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 record, Pelco plans to leverage Ipsotek’s specialization in detecting behaviors in the real-time videos, thereby delivering alerts to operators and reducing false alarms.
In 2017, 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 also made it to the headlines 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 2018 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 forecast years.
The regional battle in IP camera market 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 APAC, it is quite certain that the region 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 likely to transform Asia Pacific IP camera market outlook.
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.
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 double-digit CAGR over 2019-2025. For the records, the market size will surpass USD 20 billion in 2025.
Author Name : Shikha Sinha
Residential applications to drive global plastic fencing market forecast
Plastic fencing has experienced substantial demand over the years owing to the increasing product popularity, attributed to its ability to offer improved security and protection. Surging demand for durable and reliable fencing techniques in buildings has led to innovations and advancements in the product material and manufacturing process.
UV stability, enhanced visibility, attractive aesthetics, minimal maintenance, and meshing stability are some of the benefits associated with the deployment of the product. Moreover, cost-effectiveness and superior durability are also major factors positively influencing the industry dynamics. Frequent renovations in homes in both developed and developing nations is driving the use of fences to improve the surrounding and render security.
Rising disposable income among people especially in emerging nations such as China, India, Brazil and Argentina is driving developments in the residential sector along with governments extensively investing towards improving housing conditions. This is propelling the need for attractive exterior designing techniques. Additionally, increasing incidences of theft and crime is boosting the need for security in residential buildings.
Surging trend of nuclear families shifting into private buildings is supplementing the use of barriers to protect the property and people. The presence of a large variety of product manufacturers in Europe will positively influence plastic fencing market share in the region. The high purchasing power among people is driving the consumers to spend generously on improving household designs.
The market players are increasingly partnering with the distributors in order to cater to a large customer base. Fences are widely being installed to ensure separation of boundaries and restrict the entry of pedestrians. Moreover, a rise in remodeling and refurbishment projects in Europe will complement the industry outlook.
Rising population across the globe driving the demand for food is complementing developments in the agricultural sector. Farm crops such as vegetables and fruits are prone to be eaten by wild animals and require reliable protection. Farmers are using fences to store gardening and agricultural tools and equipment. The products are available in different sizes and required dimensions to best suit the needs of the consumers.
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Plastic fencing has evolved as a go-to option in various animal reservoirs and amusement parks in order to increase the levels of protection. Regional governments have constantly been initiating offers of fencing projects to the market players with an aim to adopt various kinds of mesh fencing and railings that will ensure the safety of the visitors.
Plastic fencing products consist of post and rail fence, chain link fence, gates, and picket fence. Gates are a viable option for pool enclosures, parameter fencing and backyards. They are generally deployed to provide additional privacy and security. During extreme weather conditions gates are extremely helpful in protecting residential and commercial spaces. Increasingly, these fences are being made available with an environmental-friendly vinyl coating that provides easy and corrosion-free maintenance.
Constant research and development are being carried out by the industry players to improve the quality of the products. Quality tests are being carried out to test the strength of the fences. With respect to the types of material, plastic fencing market share is bifurcated into polystyrene, polyethylene, vinyl, and plastic composites. Non- corrosive, UV resistance, rust-proof and less deterioration are some of the integral characteristics of polyethylene, steering its demand.
Polyethylene fencing industry size is expected to register notable gains of 7.2% through 2026. The material promises lower degree of deterioration or decay against several types of impacts such as structural stresses, abrasions, impacts, thermal, UV, chemical and biological triggers.
Author Name : Shreshtha Dhatrak
Global Market Insights Inc. 