According to the research report titled ‘IP Camera Market Size By Product (Fixed, PTZ, Infrared), By Connection (Centralized, Decentralized), By Application (Residential [Home Security, Smart Home], Commercial [Retail, Industrial, Healthcare, Real Estate], Public/Government [Transportation, BFSI, Education, Government Facilities]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Russia, China, India, Japan, South Korea, Taiwan, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with MarketStudyReport, global IP camera market is projected to garner a valuation of USD 20 billion by the year 2025.
 

Global IP camera market growth is primarily driven by surging demand for advanced security solutions to improve road security and city surveillance, and growing adoption of infrared cameras to capture footage in low light. Moreover, various government administrations are implementing surveillance technology for enhancing street safety.
 

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Notably, infrared solutions are commonly employed for city surveillance and traffic monitoring at night. Law enforcement agencies use them to safeguard and monitor the streets for reducing the number of accidents and crimes.
 

Based on application spectrum, residential segment is anticipated to significantly contribute to worldwide IP camera industry expansion as a surge in house burglaries and thefts is boosting the adoption of residential security cameras.
 

Geographically, Asia Pacific industry is slated to grow substantially over 2019-2025, owing to increasing government investments in infrastructure development.
 

Elaborating on the country-level analysis of the regional market, China and India are constantly expanding their CCTV network coverage in order to combat the rising crime rate. For instance, in October 2018, the Indian government announced plans to expand its CCTV network in Mumbai by adding 5,000 cameras to the existing network. According to the state government, the integration of security cameras played a significant impact in lowering the city's crime rate.
 

Moreover, the Singapore Police Department takes the support of high-tech network cameras to combat crime. The government plans to install more secure cameras across the country, covering multi-store carparks and 10,000 Housing and Development Board (HDB) blocks.
 

Coming to competitive landscape, major players in global IP camera market sphere include GeoVision Inc., D-Link Corporation, Zhejiang Dahua Technology Co. Ltd., Bosch Security and Safety Systems, Belkin International Inc., Canon Inc., Avigilon Corporation, and Arecont Vision Costar LLC among others.
 

Industry players are actively engaged in mergers & acquisitions to elevate their position. For instance, Canon Inc., in February 2015, announced the acquisition of Axis Communications AB for USD 2.8 billion.