Cloud Camera Market

Cloud Camera Market Introduction

Cloud camera are wireless, Wi-Fi based camera that enable the storage of video footage on cloud. Cloud camera helps to communicate which is not possible through traditional surveillance camera. Cloud camera are used for various applications as it is used as smart security camera and are accessible at any time and from any location.

Cloud Camera Market Forecast and CAGR

According to latest research, Cloud Camera market is estimated to reach around 12 Bn in 2031 with a expected CAGR of 35%. Factors like utilization of AI-enabled smartphones and adoption of AI for various telecommunication applications are driving the demand for Cloud Camera.

What is Driving Demand for Cloud Camera?

Monitoring harsh and extreme environments like coal mines or oil rigs where dangerous gases could cause explosions and fire or monitoring cargo ships where humidity and corrosion are everyday issue and difficult task. Using traditional security camera does not help the professionals to monitor such condition and it becomes complex task.

With advanced computing and communication technology, these harsh environments can be monitored from remote stations. New technology like in-site edge computing devices, cloud cameras, industrial rugged remote surveillance NVR’s and built-in mobile broadband capabilities, can make this happen.

Cloud cameras and edge devices are the first ones that must be adopted. The enclosed stainless cases, special materials or built-in double cases with cooling liquids can help tolerate high or low temperatures and high radiation levels. Thus, it is expected to boost the adoption of cloud camera in extremely harsh environments.

Also, security is important aspect while talking of smart cities. Security solution experts needs to be involved in the initial planning stage of the smart city project.

So that there will be surety that the security aspects are not ignored but are built into the framework in the beginning. With technological advancement, players in the market have started introducing and developing solutions that can meet the need of smart cities.

Smart cities comprises of buildings that are specially designed to accommodate advance technology, so planning becomes necessary to address safety and security needs of the inhabitants. Fire alarms & protection, access control system, surveillance cameras, intrusion alarm, and emergency evacuation systems are the important components of security that the concerned security agency need to plan properly for efficient and effective monitoring.

How CCTV System will Boost the Sales of Cloud Camera?

Also, demand for CCTV systems is increasing in taxis and private hired vehicles for preventing and detecting crime, and safety and security of both passenger and driver. The CCTV system includes camera attached inside the vehicle. These camera have the technical capability to capture and retain visual images and audio recording capability.

Furthermore, the CCTV camera system also includes device that can record the incidents, events or accidents. The aim of the CCTV system is to offer a safer travelling environment for taxi drivers and passengers by reducing the fear of crime. The CCTV system also assists the insurance companies to investigate accidents. Thus, it is expected to create growth opportunity for the cloud camera market.

South Asia & Pacific Cloud Camera Market Outlook

Cloud cameras in South Asia & Pacific region are increasingly being installed at various public facilities due to the development of social infrastructure. Due to increasing cases of shoplifting in stores and commercial facilities in Thailand and other Southeast Asian countries, there is a huge demand for security cameras for public safety in these countries.

There is a huge demand at the construction sites of new buildings for the enhancement of security systems for measures against terrorism in every country of the region. In ASEAN, there is a rising need for security cameras in streets, railroads, and construction sites. This rising demand in various verticals across the region is expected to create growth opportunity for the cloud camera.

Who are the Key Providers of Cloud Camera?

Some of the leading Cloud Camera providers include

• Amazon
• Brightstar
• People Link
• Polycom Inc
• Hikvision
• Bosch Security Systems Inc.
• FLIR Systems Inc.
• Photonics Ltd.
• Panasonic Corporation
• Canon Inc.
• Others.

Key players are adopting various organic and inorganic strategies for enhancing the customer base globally. Also, players are also investing millions of dollars into product R&D to fulfill the demands of their customers. Furthermore, many players focus on acquisitions strategies and acquire SMEs present in this market.

Cloud Camera Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.