IP Camera Market Size To Reach $31.11 Billion By 2030

IP Camera Market Growth & Trends

The global IP camera market size is estimated to reach USD 31.11 billion by 2030, registering a CAGR of 13.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. The demand for internet protocol (IP)-based camera systems increases due to the constant development of infrared cameras and the adoption of IoT in video surveillance. With an increasing number of home burglaries and squatting, residential security is one of the top concerns of homeowners. The rising smartphone user base and the availability of installment-based security solution subscriptions promise robust growth in the residential market.

Home security concerns are growing along with the connected ability to alert security services, and the comparatively low cost of home security continues to impact the market's growth positively. These cameras help users respond immediately to any incursions inside buildings, abandonment of suspicious materials, and loitering & trespassing by persons and vehicles, as it also has built-in video intelligence.

IP cameras protect personnel, property, or information as they are employed in various organizations. These are also widely deployed in commercial and residential properties. The spread of COVID-19 globally continues to have a significant impact on the electronics industry as well, resulting in changes in consumer preference over time. The changes in preferences, disposable income, and purchasing habits have added volatility in the global economy. This has led to uncertainty on the demand side in the internet protocol camera market.

Asia Pacific is anticipated to grow at a significant CAGR over the forecast period, due to increasing awareness and adoption rate of network cameras. The impact of government legislation and investments also continues to boost the market growth in the region. There are several significant component providers in the area which dominates globally. For instance, in 2019, the Chinese police started the installation of new surveillance technology that helps the local authority identify potential suspects by their body language, and demeanor. The technology used by the Chinese police identifies individuals based on their body shape and movement from around a 50-meter distance. Government officials use advanced technology such as AI-based security solutions that help them improve their surveillance operations.

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IP Camera Market Report Highlights 

• Based on components, the hardware segment accounted for the largest market share of over 76% in 2024, driven by advancements in imaging technology, AI-powered processors, and edge computing capabilities.

• The pan-tilt-zoom (PTZ) product type segment is expected to witness the fastest CAGR over the forecast period, due to the growing need for dynamic and flexible surveillance solutions.

• By connection type, the consolidated segment accounted for the largest market share in 2024, driven by large-scale enterprises, government agencies, and critical infrastructure facilities requiring integrated and high-performance surveillance solutions.

• The residential application segment is expected to register as the fastest CAGR over the forecast period, due to rising concerns over home security and the increasing adoption of smart home technologies.

• Asia-Pacific is expected to grow at a significant CAGR over the forecast period, due to urbanization, rising security concerns, and government initiatives for smart cities.

IP Camera Market Segmentation

Grand View Research has segmented the global IP camera market report based on component, product type, connection type, end-use, and region:

IP Camera Component Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Hardware

• Services

IP Camera Product Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Fixed

• Pan-Tilt-Zoom (PTZ)

• Infrared

IP Camera Connection Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Consolidated

• Distributed

IP Camera Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

  • BFSI

  • Education

  • Healthcare

  • Industrial

  • Real Estate

  • Retail

  • Transportation & Logistics

• Government

IP CameraRegional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

List of Key Players in the IP Camera Market

• Hangzhou Hikvision Digital Technology Co. Ltd.

• Bosch Security Systems GmbH

• Honeywell International Inc.

• Johnson Controls

• Panasonic Corporation

• Samsung Electronics Co. Ltd.

• Sony Corporation

• Schneider Electric SE

• Avigilon Corporation

• Arecont Vision Costar LLC.

• Vivotek Inc.

• Stealth Monitoring.