According to a recent market study published by Growth Market Reports, titled, "Global PTZ IP Cameras Market by Type, Installation Type, Connectivity, Distribution Channel, Application, End-Users and by Regions: Size, Share, Trends and Opportunity Analysis, 2022-2031", the market was valued at USD 1440.8 Million in 2022 and is expected to grow at a healthy growth rate of 24.3% by the year 2031. The global PTZ IP Cameras Market is anticipated to grow significantly during the forecast period. The Growing Trend of Wireless IP-based Video Surveillance, Increasing Adoption of Video Surveillance Systems, Rising Demand for High-resolution Cameras are some of the factors contributing to market growth.

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The global PTZ IP Cameras Market has been segmented based on Type, Installation Type, Connectivity, Distribution Channel, Application, End-Users and region. In terms of Type, the PTZ IP Cameras market is categorized as Centralized PTZ IP cameras and Decentralized PTZ IP cameras. Based on Installation Type, the market is categorized as Indoor PTZ IP camera and Outdoor PTZ IP camera. By Connectivity, the market is categorized as Wired and Wireless. Based on Distribution Channel, the market is categorized as Online and Offline. Based on Application, the market is categorized as Streaming, Video-Conferencing, Surveillance & Security, Corporate Training, and Distance Learning. Based on End-Users, the market is categorized as Residential, Commercial, Government, Education, and Industrial. By region, the global PTZ IP Cameras market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

Rising Demand for High-resolution Cameras is driving the PTZ IP Cameras market. Rising demand for high-resolution cameras that can capture clear and detailed images and videos of moving objects is driving the global PTZ IP cameras market. High-resolution cameras can provide high pixels and image quality, which can help in identifying small details such as license plates, faces, logos, and text. High-resolution cameras can enable digital zooming and cropping without losing much clarity or detail. High-resolution PTZ cameras can provide up to 16 megapixels of resolution and optical zoom capability, which can help in capturing details and covering a larger area. PTZ IP cameras can also adjust the focus, aperture, and exposure of the image, and can switch between different resolutions and formats according to the network bandwidth and storage capacity. PTZ IP cameras can meet the demand for high-resolution cameras in various applications such as traffic monitoring, law enforcement, sports broadcasting, and wildlife observation. High-resolution PTZ IP cameras provide additional visual information, as it transmit genuinely digital signals, making them suited for facial recognition and recognizing license plate numbers.

As per Growth Market Reports industry analyst Akash Vedpathak, The PTZ IP Cameras market has mixed impacted by the outbreak of COVID-19. As the pandemic had both positive and negative effects on the demand and supply of these cameras. The pandemic increased the need for remote monitoring and surveillance in various sectors, such as healthcare, education, retail, and public safety, which boosted the demand for PTZ IP cameras. For instance, PTZ IP cameras are used to monitor patients remotely, reduce the risk of infection, and improve the quality of care in the healthcare sector. In the education sector, PTZ IP cameras are used to facilitate online learning, enhance student engagement, and improve the teaching experience.

Key Takeaways from the Study:

  • The players include Hangzhou Hikvision Digital Technology Co., Ltd., Logitech, Zhejiang Dahua Technology Co., Ltd., Robert Bosch GmbH, Canon, Inc., THE INFINOVA GROUP, Teledyne FLIR LLC, Panasonic Holdings Corporation, Tiandy Technologies Co., Ltd., Honeywell International Inc., Legrand AV Inc., CP PLUS International, Sony Group Corporation, Vicon Industries, MOBOTIX AG, Matrix Comsec, AVONIC, Bolin Technology, ACTi Corporation, Synectics plc., Marshall Electronics, Inc., GeoVision Inc.

  • The market in Asia Pacific is expected to grow at a rapid pace owing factors such as rapid urbanization, rising security concerns, and technological improvements. Asia Pacific has emerged as a prominent growth contributor in the global PTZ IP cameras market.

  • The PTZ IP Cameras market in North America is expected to grow significantly during the forest period owing to as PTZ IP cameras are increasingly being employed in smart cities to improve traffic management and urban mobility. These cameras help in making the streets safe and usable for all users, which has resulted in an increase in the demand for these cameras in the region. Increasing demand for security and surveillance systems, particularly in commercial and residential sectors further boost the market.

  • In terms of Connectivity, the global PTZ IP Cameras market is fragmented into Wired and Wireless. The Wired Segment held at significant market share in 2022, as Wired PTZ IP cameras are favored for their robust and reliable connections, ensuring uninterrupted surveillance even in areas with potential signal interference. The trend towards wired PTZ cameras is driven by the need for high-quality video feeds, low latency, and consistent power supply, critical for applications such as perimeter security, large-scale facilities, and critical infrastructure.

  • In terms of Application, the global PTZ IP Cameras market is fragmented into Streaming, Video-conferencing, Surveillance & security, Corporate training, and Distance learning. The Surveillance & security segment accounted for significant share in 2022. This is driven by the adoption of advanced technologies, such as artificial intelligence, cloud computing, and edge computing, which enable features such as facial recognition, license plate recognition, object detection, and video analytics. Increasing need for security and safety, especially in the wake of rising crime rates, terrorist attacks, and civil unrest, thus driving the demand.

Report Scope:

Report Metric

Details

Market Value in 2022

USD 1440.8 Million

Market Growth Rate (from 2022 to 2031)

24.3%

Historical Data

2016-2021

Base Year

2022

Forecast Period

2023 – 2031

Market Segments

Type, Installation Type, Connectivity, Distribution Channel, Application, End-Users and Regions.

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

Hangzhou Hikvision Digital Technology Co., Ltd., Logitech, Zhejiang Dahua Technology Co., Ltd., Robert Bosch GmbH, Canon, Inc., THE INFINOVA GROUP, Teledyne FLIR LLC, Panasonic Holdings Corporation, Tiandy Technologies Co., Ltd., Honeywell International Inc., Legrand AV Inc., CP PLUS International, Sony Group Corporation, Vicon Industries, MOBOTIX AG, Matrix Comsec, AVONIC, Bolin Technology, ACTi Corporation, Synectics plc., Marshall Electronics, Inc., GeoVision Inc.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Demand Side: Residential, Commercial, Government, Education, and Industrial sectors

  • Regulatory Side: Government Bodies and Associations