How Has The Wireless Security Cameras Market Size Evolved In Recent Years?
The wireless security cameras market has seen considerable growth due to a variety of factors.
•The market for wireless security cameras has seen a swift expansion in the past years. The market, which is currently valued at $6.75 billion in 2024, is predicted to reach a value of $7.6 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 12.6%.
The escalation in size over the historic period is led by a rise in crime rates, growth in urbanization and smart cities, trends in home automation, requirements for retail and commercial security, and an affordable installation process.
What Is The Projected Growth Of The Wireless Security Cameras Market?
The wireless security cameras market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for wireless security cameras is projected to witness stellar growth in the coming years, expanding to "$13.09 billion by the year 2029, reflecting a compound annual growth rate (CAGR) of 14.6%.
This growth within the forecast period is due to increased security consciousness, the fusion of ai and analytics, the emergence of intelligent infrastructure, remote work requirements and monitoring needs, as well as government-led public safety schemes. The forecast period will see a rise in battery-operated and energy-efficient devices, remote oversight and mobile access, improved resolution and picture technologies, incorporation with access control mechanisms, as well as resilience to environmental factors and enhanced durability.
What Are The Primary Growth Drivers In The Wireless Security Cameras Market?
The surge in criminal activities is predicted to spur the expansion of the wireless security camera industry. Crime refers to the willful performance of an action that is typically perceived as harmful to society and is explicitly defined, outlawed and met with penalties under criminal laws. The use of wireless security cameras aid in decreasing crime statistics by enhancing surveillance capabilities, deterring unlawful actions and aiding in the investigation and prosecution of criminal violations. For example, as reported by the UK's Office for National Statistics, offenses involving knives or sharp tools recorded by the Metropolitan rose from 10,605 to 11,232 in the financial year ending June 2022, resulting in a frequency of 125 per 100,000 residents. Furthermore, in the West Midlands, an urban county in England, the crime rates grew from 3,299 to 4,958 (equivalent to 169 per 100,000 inhabitants), while in Greater Manchester, offenses escalated from 3,297 to 3,563 (amounting to 125 per 100,000 residents). Consequently, the growing rates of crime are fuelling the growth of the wireless security camera market.
What Is The Segmentation Of The Global Wireless Security Cameras Market?
The wireless security cameras market covered in this report is segmented –
1) By Components: Hardware, Software, Video Surveillance As A Service (VSaaS)
2) By Type: Box Camera, Dome Camera, PTZ Camera, Bullet Camera, IP Camera, Day or Night Camera, Thermal (FLIR) Camera, Wireless IP Camera, Other Types
3) By Camera Technology: Analog or Direct, Digital, Ip or Network
4) By Applications: Car Dash Cameras, Security, Home Surveillance, Baby And Adult Monitoring, Other Applications
5) By Industry Verticals: Banking, Financial Services, and Insurance (BFSI), Manufacturing, Education, Hospital And Healthcare, Household, Other Industrial Verticals
Subsegments:
1) By Hardware: Cameras, Recording Devices, Storage Devices, Power Supply Units, Accessories
2) By Software: Video Management Software (VMS), Analytics Software, Mobile Applications, Integration Software
3) By Video Surveillance As A Service (VSaaS): Subscription Services, Cloud Storage Services, Remote Monitoring Services, Analytics And Reporting Services
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What Emerging Trends Are Shaping The Wireless Security Cameras Market Landscape?
Technological breakthroughs represent a key trend that's gaining traction in the wireless security cameras industry. Main players in this market are concentrating on revolutionary products to maintain their market standing. To illustrate, Lorex Technologies, a home security solutions company from Canada, launched the Lorex 4K Spotlight Indoor or Outdoor Wi-Fi Security Camera incorporated with smart security lighting in September 2022. Lorex is a Wi-Fi security camera that features 4K resolution plus Wi-Fi 6 technology for quicker transmission and reduced download times, resulting in unparalleled resolution quality without any interruption to other internet services. This camera also utilizes color and infrared night vision to produce clear nighttime footage in any lighting environment. With its advanced motion detection modes, it sends relevant alerts and makes users more conscious of their property activities. Moreover, the 2-Way Talk feature allows users to directly converse with visitors through the camera's inbuilt microphone and speaker.
Who Are the Key Players in the Wireless Security Cameras Market?
Major companies operating in the wireless security cameras market include:
• Cisco Systems Inc.
• Zhejiang Dahua Technology Co. Ltd.
• Logitech International S.A
• Amcrest Technologies
• Axis Communications AB
• Bosch Security Systems GmbH
• Teledyne FLIR LLC
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Honeywell Security
• Panasonic Holdings Corporation
• Swann Security
• Canon Inc.
• D-Link Systems Inc.
• Koninklijke Philips N.V
• Night Owl SP LLC
• Atoms Labs LLC
• Teklink Security Inc.
• Revo Uninstaller
• CCTV Cameras Pros
• DEFENDER
• Q-SEE
• Corps Security And Utility Services Private Limited
• Crystal Vision Ltd.
• Vivinit Smart Home Inc.
• ADT Inc.
• SimpliSafe Inc.
• Brinks Home Security
• Johnson Controls International PLC
• Genetec Inc.
• Qognify Inc.
• Verint Systems Inc.
• Vidsys Inc.
• Guardian Protection Services Inc.
• Vector Security Inc.
What are the Regional Insights into the Wireless Security Cameras Market?
North America was the largest region in the wireless security cameras market in 2024. The regions covered in the wireless security cameras market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
