IP Camera Statistics By Market, Regional And Trends

Introduction

IP Camera Statistics: As security concerns grow in both homes and businesses, the demand for surveillance systems has increased. IP cameras are a reliable and efficient way to keep an eye on properties, prevent crimes, and improve security overall. These cameras allow users to monitor their property remotely through smartphones, tablets, or computers. Cloud storage options also let users store and access footage from anywhere with an internet connection.

This convenience has made IP cameras more popular with both homeowners and businesses. We shall shed more light on IP Camera Statistics through this article.

Editor’s Choice

• In 2024, the Asia Pacific region had the largest share of the market, making up 49%.
• When it comes to components, the hardware segment led the market with a revenue share of 78%.
• For products, the infrared camera segment held the biggest share at 44%.
• In terms of connection types, the consolidated segment was the top performer, with 75% of the market’s revenue.
• Finally, for end use, the commercial sector dominated, capturing 67% of the market in 2024.
• The market is expected to grow at an annual rate of 7% from 2023 to 2032. By 2032, the market size is predicted to reach $43.51 billion. North America is expected to have the fastest growth during this period.
• The global CCTV market is growing at a rate of 8% every year from 2022 to 2029.
• IP Camera Statistics stated that North America uses the most CCTV cameras, making up 5% of the market share.
• There are a total of 1 billion surveillance cameras around the world.
• About 8 million households use smart security cameras for their homes.
• China has the most CCTV cameras, with a total of 200 million.
• The U.S. has the highest number of CCTV cameras per person, at 15.28 cameras per capita.
• The UK is the third most surveilled country, with 628,975 cameras in use.
• IP Camera Statistics stated that China leads the global CCTV camera market with 60% of the share.
• The S. video CCTV market is the second largest, valued at $8.29 billion.
• IP Camera Statistics stated that the Japanese CCTV market is worth $403 million.

What is an IP Camera?

An IP camera (Internet Protocol camera) is a digital video camera that sends and receives data through an IP network. These cameras are mainly used for security purposes. Unlike regular CCTV cameras, which need a separate device to record footage, IP cameras only require a local area network (LAN) to work. While many IP cameras are webcams, the term usually refers to cameras that can be accessed directly over a network.

Some IP cameras need a Network Video Recorder (NVR) to manage recording, video, and alarms. Other cameras can record directly to local or remote storage without the need for an NVR. The first IP camera was created by Axis Communications in 1996.

IP Camera Bandwidth Calculation Formula

To find out how much bandwidth your IP cameras need, you can use this formula:

Bandwidth (Mbps) = Bitrate (Main) * N + Bitrate (Sub) * M

Where:

• N is the number of cameras using the mainstream
• M is the number of cameras using the sub-stream
• Bitrate (Main) and Bitrate (Sub) are the data rates listed in your camera’s specifications, or you can ask the camera company for these details.

Example:

If you have one IP camera with a mainstream bitrate of 6144 kbps and another with a sub-stream bitrate of 1024 kbps, the total bandwidth needed would be:

Required Bandwidth = (1 * 6144 kbps) + (1 * 1024 kbps) = 7168 kbps = 7.168 Mbps

If you find these calculations tricky, you can also refer to an IP camera bandwidth chart, which shows how much data different cameras (like 2MP or 4K models) need. This can help you figure out the total Internet speed required for your security cameras.

Global IP Camera Market Statistics

(Reference: scoop.market.us)

• IP Camera Statistics stated that the global IP camera market is expected to grow at a rate of 9% each year.
• In 2023, the market is estimated to reach $12.7 billion and will continue to increase in the following years. By 2024, the market should make $14.3 billion, growing to $16.2 billion in 2025.
• The growth will keep going, with projections of $18.3 billion in 2026 and $20.6 billion in 2027.
• In 2028, the market is expected to reach $23.3 billion, and by 2029, it’s forecasted to hit $26.3 billion. The strong growth is likely to continue, reaching $29.7 billion in 2030 and $33.5 billion in 2031.
• By 2032, the market is projected to generate $37.8 billion, and by 2033, it could grow to $42.7 billion, showing steady and strong growth in the global IP camera market.

(Reference: scoop.market.us)

• The global IP camera market is expected to grow significantly over the next decade, with both hardware and services contributing to this growth.
• In 2023, the market is projected to reach $12.7 billion, with $9.96 billion coming from hardware and $2.74 billion from services.
• The market will continue to grow, reaching $14.3 billion in 2024, with $11.21 billion from hardware and $3.09 billion from services.
• By 2025, the market is expected to rise to $16.2 billion, with $12.7 billion from hardware and $3.5 billion from services.
• The market is set to expand to $18.3 billion in 2026, $20.6 billion in 2027, and $23.3 billion in 2028, with both hardware and services increasing.
• By 2029, the market size will likely reach $26.3 billion, with $20.62 billion from hardware and $5.68 billion from services.
• IP Camera Statistics stated that the market will keep growing, reaching $29.7 billion in 2030 and $33.5 billion in 2031.
• By the end of the forecast period, the market is expected to hit $37.8 billion in 2032 and peak at $42.7 billion in 2033, with hardware making up $33.48 billion and services at $9.22 billion. This shows strong growth in both areas of the IP camera market.

IP Camera Component Insights statistics

• In 2024, the hardware components segment took the lead in the global IP camera market.
• This is because different lenses, camera mounts, cameras, and connection devices are used more when setting up IP surveillance systems.
• The rising demand for high-quality, reliable security cameras is also expected to boost growth in this segment in the coming years.

(Reference: precedenceresearch.com)

• The service segment is set to grow the quickest in the coming years.
• This is because IP camera companies and service providers are making improvements and creating new solutions.
• Manufacturers are also expanding their services to keep up with the growing demand for IP camera systems.

Global Adoption Trends of Smart Security Cameras

(Reference: scoop.market.us)

• The number of homes using smart security cameras has grown a lot around the world from 2016 to 2027.
• In 2016, about 108.18 million homes had smart security cameras. This number increased to 150.33 million in 2017 and then to 212.45 million by 2018.
• The growth kept speeding up, reaching 303.06 million homes in 2019 and jumping to 427.59 million in 2020.
• By 2021, the number of homes with smart security cameras had almost doubled from 2016, reaching about 585.64 million.
• The trend continued in 2022, with the number reaching 774.74 million, and it is expected to grow to 988.61 million homes in 2023.
• The growth is projected to keep going through the next few years, with estimates showing 1.21 billion homes in 2024, 1.47 billion in 2025, 1.64 billion in 2026, and around 1.81 billion by 2027.
• This steady increase shows how more and more people around the world are trusting smart security technology to keep their homes safe.

IP Camera Regional Statistics

The Asia Pacific IP camera market was valued at about USD 7.32 billion in 2024. It is expected to reach more than USD 21.59 billion by 2034, growing at a rate of 11.42% per year from 2025 to 2034.

(Reference: precedenceresearch.com)

• IP Camera Statistics stated that Asia Pacific had the biggest share of the IP camera market in 2024 and is expected to stay on top in the coming years.
• This is because the region uses many semiconductor devices and has a growing need for security and surveillance systems.
• Things like infrastructure development, more industries, and rising concerns about security and crime drive the demand.
• As more people realize the advantages of IP cameras, the market is growing. Also, affordable IP cameras from local manufacturers are encouraging small and medium businesses to adopt them, which is helping the market grow even more.
• China has a large share of the market thanks to its advanced manufacturing capabilities.
• In September 2023, Vivo was expected to launch the V29 5G globally, with features like the Snapdragon 778G processor and a 50MP front camera. The phone comes in four colors and includes a new monochrome sensor.

(Reference: precedenceresearch.com)

• IP Camera Statistics stated that Latin America is expected to see the fastest growth in the IP camera market during the forecast period.
• This growth is driven by governments increasing their spending on public safety and security programs. Additionally, the rise of smart city projects in the region is helping the IP camera market grow.
• In October 2023, Canon introduced the CR-N100 4K PTZ camera for the Latin American market.
• This indoor camera offers excellent image quality and performance, similar to other Canon PTZ cameras, but at a more affordable price.

Benefits of IP Camera

(Source: gminsights.com)

#1. Video Quality:

• IP cameras provide clearer and better video quality overall. They allow for different viewing angles and zoom options, which helps with tasks like facial recognition and reading license plates.
• Analog cameras generally offer lower quality, especially when zoomed in. The image becomes blurry and unclear.

#2. Resolution:

• IP cameras usually have resolutions 6 to 20 times higher than analog cameras.
• Analog cameras are limited to 0.4 megapixels (420–700 TVL), which doesn’t produce as sharp images.
• IP cameras offer 1.3–5 megapixels, making the pictures much clearer, even when zooming in.

#3. Transmission Media:

• Analog cameras typically use coaxial cables but can also work with twisted-pair cables or wireless connections (but with lower quality).
• IP cameras can use twisted-pair cables, coaxial cables, and wireless connections, offering more flexibility.

#4. PoE (Power over Ethernet):

• IP cameras can receive both power and data through the same Ethernet cable, so you don’t need extra wiring.
• Analog cameras do not have this capability and require separate power cables.

#5. Wireless:

• IP cameras can connect wirelessly, which is helpful when it’s hard or expensive to run cables, like in historical buildings.
• Analog cameras usually do not have wireless options.

#6. Distance:

• Analog cameras can send video up to 1.5 km over twisted-pair cables and 300 meters over coaxial cables. However, the video quality gets worse the further the distance.
• IP cameras can send digital video up to 100 meters over Ethernet cables and, as far as needed, over IP networks, keeping the video quality clear.

#7. Intelligence and Manageability:

• IP cameras are more advanced, allowing remote management and intelligent features. They can send videos to different people and send alerts when motion is detected.
• Analog cameras do not have these features and can’t be managed remotely.

#8. Ease of Installation:

• Analog cameras need more wires for functions like pan, tilt, zoom, audio, and video. One analog camera may need up to three cables.
• IP cameras only need one cable to handle power, video, audio, PTZ control, and other signals, making them easier to install.

#9. Security:

• Analog cameras are more vulnerable to security issues, as their video feeds can be stolen or intercepted, and they don’t encrypt the video.
• IP cameras encrypt their data, which makes it more secure. They also support VPNs for added protection.

#10. Reliability:

• Analog cameras have been around for many years and are known for their reliability.
• IP cameras are reliable as long as the network works properly. They also include encryption and compression to improve reliability.

#11. Expandability:

• IP cameras are easier to expand and scale because their wiring is simpler. You can grow your system without too much complexity.
• Analog cameras are harder to expand, but you can still use existing wires with the help of converters and extenders.

#12. Costs:

• IP cameras may cost more upfront because the cameras themselves are pricier. Still, the overall cost might be lower in the long run because they require less wiring, recording equipment, and labor.
• Analog cameras might be cheaper initially, but the extra costs for cables, recording devices, and installation can make them more expensive later on.

In conclusion, although IP cameras may cost more at first, they provide better video quality, security, and flexibility, making them a preferred option for modern security systems.

Conclusion

In conclusion, the IP camera market is set to keep growing strongly in different regions, driven by the rising need for better security systems, smart city projects, and technological progress. As more companies and governments invest in surveillance solutions, especially in places like Asia Pacific and Latin America, the market will grow quickly. With innovations such as more affordable models and improved features like 4K resolution, more people will likely choose IP cameras, making them essential for modern security setups.

The market outlook remains positive, with steady growth expected in the coming years. We have shed enough light on IP Camera Statistics through this article.