Adoption of IP CCTV Cameras Will Boost the Global CCTV Cameras Market by 2018

Reportstack has announced a new market research report on Adoption of IP CCTV Cameras Will Boost the Global CCTV Cameras Market by 2018. Concerns over safety and security are contributing to a CAGR of 15.46 percent from 2014-2018 in the Global Closed Circuit Television Market 2014-2018.

About the Report

The highlights the growing use of CCTV cameras with IP technology. These network cameras are integrated with both analog and digital technologies. IP technology comes with advanced functions like remote access, which eliminates the need for expensive dedicated cabling and is capable of motion detection and tampering detection.

“IP-based surveillance technology is relatively new to the market and its adoption in video surveillance is expected to increase quickly because of its ease of use and high flexibility. These kind of surveillance devices have enhanced features that enable multiple users in different locations to monitor various places through internet connectivity,”.

Currently, the surveillance industry tends to rely on digital video recorder (DVR) and network video recorder (NVR) technology to record footage captured by CCTV cameras. However, IP SAN is gaining momentum over DVRs and NVRs for storage, as it stores information in the cloud, thereby offering better storage capacity.

 Key Information Covered in the Report:

Market segmentation, size and forecast through 2018

Market Growth Drivers:

  • Rise in Concerns over Security and Safety

Market Challenges:

  • Privacy Concerns

Market Trends:

  • Usage of CCTV Cameras with IP Technology

Key Vendors:

  • Bosch Security Systems Ltd.
  • Honeywell International Inc.
  • Mitsubishi Electric Corp.
  • Schneider Electric SA

Other Prominent Vendors:

  • ADT Fire & Security
  • Baxall
  • Checkpoint Systems
  • JVC