Cloud
cameras provide high definition security and surveillance from anywhere. They
offer around-the-clock monitoring and recording of activities at homes and
businesses in sharp quality through an internet connection to a cloud server
without any annual fees for storage. Rapid urbanization and development of
smart cities along with rising security concerns have boosted the demand for
cloud camera technology globally. The growing adoption of Internet of Things
offers seamless connectivity among smart electronic devices making monitoring
and remote access easier through mobile applications. The global Cloud Camera Market
is estimated to be valued at US$ 12.88 Bn in 2023 and is expected to exhibit a
CAGR of 14.% over the forecast period 2023 to 2030, as highlighted in a new
report published by Coherent Market Insights.
Market key trends:
The rising adoption of cloud-based solutions across various industries has been
a key factor driving the growth of the cloud camera market. Cloud cameras
provide 24/7 monitoring of premises with the help of advanced cloud services
that record and store high-resolution videos and images on remote servers. The
integration of IoT technology has enabled users to access real-time video feeds
and footage from anywhere through internet-connected devices like smartphones
and tablets. Cloud camera manufacturers are also focusing on enhancing camera
performance with superior quality, added features like motion detection alerts,
night vision and wider angle views to meet the increasing security needs of
both residential and commercial applications. Advancements in cloud
technologies are expected to spur innovations in the hardware and software of
cloud cameras during the forecast period.
Segment Analysis
The global cloud camera market is dominated by the residential sub-segment.
Residential cloud cameras are gaining widespread popularity as they provide
remote monitoring capabilities and allow users to check in on their homes from
anywhere using internet-connected devices. Residential cloud cameras provide
ease of use and installation as well as affordable options which are driving
their higher adoption compared to commercial cloud cameras.
Key Takeaways
The global Cloud
Camera Market Analysis is expected to witness high growth over the
forecast period of 2023 to 2030. Supported by the rapid development of
networking technologies and cloud computing, cloud storage capabilities and AI
features are being integrated into more and more smart cameras which is fueling
market expansion.
Regional analysis
The Asia Pacific region currently dominates the global cloud camera market
owing to the high levels of technology adoption and growing infrastructure
development in major countries such as China and India. proliferation of IoT
devices. Furthermore, increasing consumer inclination towards smart home
devices for added safety and convenience is also contributing to the strong
market growth.
Key players
Key players operating in the cloud camera market are Arlo Technologies Inc.,
Ring (owned by Amazon), Nest (owned by Google, a subsidiary of Alphabet Inc.),
Wyze Labs Inc., Logitech International S.A., Blink Home Security (owned by
Amazon), D-Link Corporation, TP-Link Technologies Co., Ltd., Ezviz (a
subsidiary of Hikvision), Reolink Digital Technology Co., Ltd., Zmodo
Technology Corporation, Canary Connect Inc., Netgear Inc., Eufy Security (a
division of Anker Innovations), Swann Communications Pty Ltd.
Comments
Post a Comment