As per the report "WiFi Camera Market By Type ( Security & surveillance camera, Digital camera with WiFi, Car camera, Sports camera ), By Application ( Home security, Consumer electronics, Sports enthusiasts, Car security ), Industry Trends, Estimation & Forecast, 2017 - 2025" In 2017, the Security & Surveillance Wi-Fi Camera segment generated the highest revenue share in the global Wi-Fi camera market. Among major regions, United States was the highest revenue generating market, holding nearly 20% of the market share, in 2017.
“Wi-Fi camera market has gained a plethora of customers who desire to stay connected or are addicted to social platforms. These cameras have gained importance in various areas such as sports, transportation, surveillance, and networking among others. Owing to the lucrative industry growth the market is attracting more number of players. However, the new entrants are facing pressure in matching up the quality and product variations offered by the existing players.”
Security & Surveillance Camera segment expected to show an impressive growth rate during the forecast period, owing to the surge in security needs
Wi-Fi security cameras are emerging out as the most adopted security and surveillance appliance in the modern world. IP security cameras are a part of a security system in many homes, businesses and work places. Their ability to access and stream live footages on a cell phone or on a laptop, renders them a high market share and lucrative opportunities.
Millennial’s desire to stay connected propels market players to enhance their product portfolio
The desire of millennial to stay connected with their social circle encourages market players to modify their products as per the changing needs of the customers. Moreover, the improving economic base of emerging nations, has increased the penetration of IoT, which is supposed to offer futuristic opportunities to the market players. In addition to this, the camera and picture recording technology has also been modified frequently as per the usage requirement of these cameras in various applications such as home security, sports, media and many others.
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