According to the research report titled ‘Europe IP Camera Market Forecast 2026 By Application, By Product, By Connection, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe IP camera market is poised to amass a valuation of USD 4.5 billion by the end of the forecast period 2021-2026.
 

As per report findings, rising security concerns across residential & commercial complexes, and introduction of new products featuring AI and 5G technologies are the primary factors driving Europe IP camera market growth.

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In 2020, the COVID-19 pandemic caused severe global disruptions in supply chains, which has led to high demand for AI-powered video analytics for IP cameras. Moreover, evolving requirements of the post-pandemic world are expected to cause a marked increase in product adoption.

Based on connection type, Europe IP camera industry is bifurcated into centralized, and decentralized segments. By product type, the business vertical is split into infrared, fixed, and PTZ segments. The infrared (IR) segment is slated to expand considerably between 2020 and 2026, owing to increasing product deployment across agriculture and construction applications. Also, usage of IR camera in defense & military vertical to detect the intrusion of enemy in low-light conditions is impelling the segmental share.

Speaking of application scope, the industry classification comprises Residential (home security, smart home), commercial (industrial, retail, real estate, healthcare, public/ government, transportation, BFSI, education, government facilities). The industrial segment is generating significant revenues for the market at present due to product benefits such as lower downtime, higher production, and minimized threats. Moreover, the system also helps authorities in keeping track of overheating of equipment such as power cable junction joints and switchboards, which is driving segmental growth.

Prominent players in Europe IP camera industry include Vivotek Inc., Tyco International Management Company LLC, Sony Corp., Netgear Inc., Mobotix AG, Honeywell International Inc., Hangzhou Hikvision Digital Technology Co. Ltd., GeoVision Inc., D-Link Corp., Dahua Technology Co. Ltd., and Bosch Security Systems LLC.