Security camera or CCTV (closed-circuit television) camera is the type of video camera that is used for surveillance. It sends it to a specific LCD the video to a display screen, which can be then watched by a security surveillance person.
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How big is the global security camera market?
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Madeleine
The global security cameras market size was around $ 14 billion in 2019. The market value will see huge growth in future due to the ongoing trend of using security camera for surveillance and rapid construction of commercial and residential buildings around the world. The new innovations in security cameras technologies to make it more advance, secure and reliable are also one of the factors behind the growth of its market.
The global market value is set to increase by approximately 6% in 2020, to reach the market value of $ 14.8 billion. Most of the countries are using CCTV cameras to fight against coronavirus by using facial recognition to ensure lockdown. For example, Moscow has planted 100,000 cameras in the city with facial recognition to ensure lockdown in the city. South Korea is also using security cameras with credit cards, and mobile phones to track the movements of COVID-19 patients.
Some of the players in the CCTV market include FLIR Systems, Bosch, Toshiba, Panasonic, Mitsubishi, Cisco, Hikvision, Samsung, and Sony.
Keith Hodges
In the past, CCTV cameras were networked through wires, which was costly, and there was a jumble of wires. The remote monitoring of cameras was also not possible, as there was no effective method to monitor the camera remotely. But the introduction of IP based cameras has made remote surveillance possible. It also removed the jumble of wires from connecting camera to display systems, as it connects wirelessly through Wi-Fi network.
CCTV cameras can be used in residential, commercial and industrial places, as all of such places require security surveillance with physical security, and need a recorded proof if needed. Commercial buildings have a bigger market share as compare to residential and industrial, due to use of a large number of security cameras in one building as due to the growing needs.
There are many types of security cameras application for surveillance. Some of the popular types of security cameras include dome cameras, bullet cameras, box cameras, and PTZ cameras. Dome cameras are the most commonly used cameras. Bullet cameras are mostly used for outdoor surveillance due to their long-distance viewing.
Box cameras are in the shape of old CCTV cameras and very obvious to intruders. PTZ cameras are mostly used for live surveillance due to their versatile movement. It also has the ability of zooming to get a clear view of the situation. Dome cameras account for a major market share as compared to other types of cameras, due to its huge demand in both residential and commercial places.