Press release
Smart Camera System Market Is Expected To Grow Tremendously By 2027
Smart Camera System Market: IntroductionAccording to a new market report pertaining to the global smart camera system market published by Transparency Market Research the global smart camera system market is projected to reach ~US$ 29.5 Bn by 2027. The smart camera system market is projected to expand at a CAGR of ~15% from 2019 to 2027. Growth of the smart camera system market can be attributed to increasing focus on public safety. Over the forecast period, Asia Pacific is anticipated to grow rapidly in the smart camera system market at a CAGR of 15.9%. In terms of number of units, the market is dominated by North America, followed by Asia Pacific.
Smart Camera System Market: Key Drivers
Huge increase in crimes and illegal activities globally is hampering the overall economic and social infrastructure of different countries. The homicide rate is very high in regions such as Africa and South America, which is resulting in poor social structure of the countries within these regions. According to data published by the United Nations Office on Drugs and Crime, in year 2017, El Salvador (South America) had homicide rate of 61.8%. The homicide rate in South Arica is 35.9%. This has resulted in increasing concerns about public safety & security. The demand for smart camera systems is increasing at an exponential rate with the increased focus by governments on the deployment of smart camera systems specifically for crime surveillance.
Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=75671
Moreover, initiatives by governments to develop smart cities is increasing due to their multiple advantages such as reduced environmental footprint, efficient public utilities, enhanced citizen and government engagement, and traffic management. Smart camera systems have the ability to control and monitor the whole transportation system through which, the system can be managed easily and can reduce accidents. Development of smart cities is driving the demand for smart camera systems, as smart cameras are a crucial component in smart cities with respect to efficient connected transportation systems (rail, subway, and air).
Smart Camera System Market: Segmentation
The global smart camera system market has been segmented in terms of component, application, industry, and region. Based on component, the smart camera system market has been classified into hardware, software, and services. The hardware segment has been sub-classified into camera and video management system. The camera segment has been sub-categorized into camera box camera, dome camera, and bullet camera). Services has been sub-segmented into professional and managed.
Based on application, the smart camera system market has been categorized into license plate recognition, surveillance, advanced driver assistance system (ADAS), and facial recognition (identity access management). In terms of industry, the market has been segmented into government, transportation, commercial, residential, and smart cities. The government segment has been further sub-segmented into traffic surveillance, and toll road cameras. The transportation segment has been sub-segmented into railway stations, airports, and marine. The commercial segment has been divided into retail, BFSI, education, OEM, and others. Initially, vendors across the ecosystem of smart camera systems were analyzed based on device and technology providers in the market.
Smart Camera System Market: Regional Outlook
In terms of region, the global smart camera system market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the smart camera system market during the forecast period. Asia Pacific is anticipated to witness growth in the smart camera system market. The smart camera system market in South America, Europe, and Middle East & Africa is also expected to expand rapidly during the forecast period.
Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=75671
The report provides in-depth segment analysis of the global smart camera system market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the smart camera system market.
Smart Camera System Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global smart camera system market. Key players profiled in the report include Hangzhou Hikvision Digital Technology Co., Ltd., Bosch Security Systems Inc., Axis Communications AB, SimpliSafe, Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., FLIR Systems, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co.,Ltd., Canon Inc., Raptor Photonics Ltd, Vivint, Inc., Sony Corporation, and Watec Co., Ltd.
Smart Camera System Market: Segmentation
Smart Camera System Market, by Component
• Hardware
o Camera
Box Camera
Dome Camera
Bullet Camera
o Video Management System
• Software
• Services
o Professional
o Managed
Smart Camera System Market, by Application
• License Plate Recognition
• Surveillance
• Advanced Driver Assistance System (ADAS)
• Facial Recognition (Identity Access Management)
Smart Camera System Market, by Industry
• Government
• Transportation
• Commercial
• Residential
• Smart Cities
Get More Information @ https://www.transparencymarketresearch.com/smart-camera-system-market.html
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Camera System Market Is Expected To Grow Tremendously By 2027 here
News-ID: 2361043 • Views: …
More Releases from Transparency Market Research
Green HVAC Market Growth Outlook: From US$ 78.8 Bn in 2024 to US$ 165.1 Bn by 20 …
The Green HVAC Market is experiencing rapid growth as sustainability and energy efficiency become top priorities in commercial, residential, and industrial building sectors. Green HVAC systems, which incorporate environmentally friendly refrigerants, energy-efficient designs, and advanced control technologies, are increasingly adopted to reduce energy consumption, lower carbon footprints, and comply with stringent environmental regulations worldwide. Rising awareness of climate change, government incentives for green building solutions, and technological advancements in HVAC…
North America Self-Propelled Cordless Lawn Mower Market Growth Insights and Inve …
The North America Self-Propelled Cordless Lawn Mower Market is witnessing rapid growth, driven by rising demand for eco-friendly, low-maintenance, and high-performance lawn care solutions. The global industry is gaining traction as consumers and commercial landscaping operators increasingly adopt battery-powered, self-propelled models that combine convenience with sustainability. The market is projected to grow strongly over the next decade, driven by innovations in lithium-ion batteries, brushless motors, smart technology integration, and increasing…
PD-1 Inhibitor Drugs Market Outlook to 2035: Investment Opportunities and Growth …
The global PD-1 inhibitor drugs market continues to expand rapidly, driven by strong clinical adoption, innovative combination therapies, and widening oncology applications. The global industry was valued at US$ 41.4 Bn in 2024, supported by increasing demand for effective immunotherapies across major cancer types, including lung cancer, melanoma, and renal cell carcinoma. Looking ahead, the market shows exceptionally strong growth potential as clinical outcomes improve and approvals extend into earlier…
Polyfluoroalkyl Substances (PFAS) Waste Management Market: Emerging Market Trend …
The global Polyfluoroalkyl Substances (PFAS) waste management market has emerged as one of the most critical segments within the environmental services industry, driven by heightened regulatory scrutiny and growing public awareness surrounding the long-term ecological and health impacts of PFAS contamination. Often referred to as "forever chemicals" due to their persistence in the environment, PFAS compounds are increasingly found in soil, groundwater, industrial sites, and consumer products. As governments and…
More Releases for Camera
ChirpyCharm Camera Review: Read This Chirpy Charm Camera Reviews Before Buying T …
ChirpyCharm Camera Smart Bird Feeder: See Nature Like Never Before.
Discover the joy of birdwatching like never before with the ChirpyCharm Camera Smart Bird Feeder, a groundbreaking device that blends cutting-edge technology with the serene beauty of backyard birding. Whether you're an avid bird lover, a casual nature enthusiast, or someone looking to reconnect with the outdoors, ChirpyCharm Camera transforms the simple act of feeding birds into a rich, interactive, and…
Construction Camera [Time Lapse Camera] Market Demand by 2030
𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐚𝐦𝐞𝐫𝐚 (𝐓𝐢𝐦𝐞 𝐋𝐚𝐩𝐬𝐞 𝐂𝐚𝐦𝐞𝐫𝐚) 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
Transparency Market Research delivers key insights on the global construction camera (time lapse camera) market. In terms of revenue, the global construction camera (time lapse camera) market is estimated to expand at a growth rate of 8% during the forecast timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global construction camera (time lapse camera) market report.
𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭…
Snapshot Action Camera Review 2022: (Must Read!) Check Out Snapshot Action Camer …
Snapshot Action Camera: Photography is both a vision and an art form. It's all about imagination and observation in photography. It's about traveling the world and capturing everyday life with a camera. Whether you're a pro or a beginner, if you've just picked up a camera for the first time or you're just shooting with your smartphone, you're undoubtedly feeling the same sensation that all photographers do when they take…
Camera Repair Services Market Report- Trends, Business Competitors, And Facing C …
The Camera Repair Services Market research report presents an inside and out appraisal through Global Camera Repair Services Market Growth 2021-2026 by giving the area's flow circumstance and huge drivers. It precisely conveys the vital data and state-of-the-art examination to aid the definition of the market strategy and the assurance of the proper way for rapid development for the major parts of the business. Camera Repair Services Market report would…
Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera!
In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a natural…
Global Construction Camera (Time Lapse Camera) Market Share 2020-2025
This report also researches and evaluates the impact of Covid-19 outbreak on the Construction Camera (Time Lapse Cameraindustry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Construction Camera (Time Lapse Cameraand market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).
Scope of the Report:
The report presents the market outlook for the Indian Phospho Gypsum product from the…
