Wifi Security Camera Market Report 2024 (Global Edition)

Global Wifi Security Camera Market Report 2024 Market Size Split by Camera Technology (IP or Network Cameras, Others), by Camera Type (Dome, Bullet, Cube, PTZ IP cameras), by Industry Verticals (BFSI,...

Wifi Security Camera Market Report Description

We have various report editions of Wifi Security Camera Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Wifi Security Camera Market Insights Video

Competitive Landscape of the Wifi Security Camera Market

A combination of well-established businesses and up-and-coming firms compete in the Wifi security camera industry, all of them attempting to set themselves apart through innovation, cutting-edge technology, and superior customer support. Businesses are spending money on R&D to provide cutting-edge features like smart home integration, improved night vision, and AI-based motion detection. Making a technological difference draws in tech-savvy customers. In order to cater to customers looking for connected solutions, many firms also concentrate on connecting their products with well-known smart home ecosystems, like Google Home, Amazon Alexa, and Apple HomeKit.

January 2023: Leading electronics producer Chicony Electronics and rapidly expanding fabless semiconductor firm Morse Micro, which focuses on Internet of Things (IoT) connectivity, have announced a strategic agreement to bring Wifi HaLow IP cameras to market. Through cutting-edge wireless technology, the partnership will dramatically increase the range and dependability of camera equipment, representing a huge breakthrough in IoT security. Source: https://www.morsemicro.com/2023/01/23/morse-micro-and-chicony-partner-to-launch-wi-fi-halow-iot-security-cameras/.

 

Top Companies Market Share in Wifi Security Camera Industry: (In no particular order of Rank)

• Hangzhou Hikvision Digital Technology Co.
• Ltd.
• D-Link Corporation
• Honeywell Security
• Swann
• Panasonic Corporation
• Axis Communications AB
• Dahua Technology Co.
• Ltd.
• Cisco Systems
• Inc.
• Flir Systems
• Inc.
• Bosch Security Systems Gmbh
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Wifi Security Camera Market

Which Region Dominates the Wifi Security Camera Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. Due to their increased awareness of security concerns, North American businesses and consumers are in high demand for cutting-edge surveillance solutions like Wifi security cameras. Concerns about crime rates and the requirement for improved property protection are what are driving this awareness. Moreover, the market for Wifi security cameras is expanding due to the use of smart home technologies and improvements in Wifi connectivity. The integration of these cameras with other smart home systems and gadgets is becoming more and more popular among consumers.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Wifi Security Camera market. The need for security systems, including Wifi security cameras, is fueled by the rapid urbanization and infrastructural development occurring in nations like China, India, and Southeast Asia. The demand for improved security systems in public, commercial, and residential areas rises as cities get bigger.

 

The current report Scope analyzes Wifi Security Camera Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Wifi Security Camera

According to Cognitive Market Research, the global Wifi Security Camera market size was estimated at USD 6251.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2500.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Wifi Security Camera market with a market size of USD 1972.88 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. The nation's innovative product launch drives the market.
• The Canada Wifi Security Camera market had a market share of USD 300.06 million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. Canada's increasing investment.
• The Mexico Wifi Security Camera market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 227.54 million in 2024.

Europe Wifi Security Camera

According to Cognitive Market Research, the global Wifi Security Camera market size was estimated at USD 6251.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1875.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.

• The United Kingdom Wifi Security Camera market had a market share of USD 315.06 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. In the UK, Wifi Security Camera sales witness an upswing due to the nation's rising investment.
• The France Wifi Security Camera market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 172.53 million in 2024.
• According to Cognitive Market Research, the German Wifi Security Camera market size was valued at USD 371.32 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. In Germany, Wifi Security Camera surged due to the rising product innovation.
• The Italy Wifi Security Camera market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 161.28 million in 2024.
• The Russia Wifi Security Camera market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 290.68 million in 2024.
• The Spain Wifi Security Camera market is projected to witness growth at a CAGR of 10.9% during the forecast period with a market size of USD 153.78 million in 2024
• The Luxembourg Wifi Security Camera market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 58.14 million in 2024.
• The Portugal Wifi Security Camera market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 39.38 million in 2024.
• The Greece Wifi Security Camera market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 22.50 million in 2024.
• Rest of Europe's Wifi Security Camera market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 290.68 million in 2024.

Asia Pacific Wifi Security Camera

According to Cognitive Market Research, the global Wifi Security Camera market size was estimated at USD 6251.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1437.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2024 to 2031.

• According to Cognitive Market Research, the China Wifi Security Camera market size was valued at USD 647.00 million in 2024 and is projected to grow at a CAGR of 14.8% during the forecast period. Wifi Security Camera surged in China due to the presence of major manufcaturers.
• The Japan Wifi Security Camera market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 198.41 million in 2024.
• The India Wifi Security Camera market had a market share of USD 172.53 million in 2024 and is projected to grow at a CAGR of 17.1% during the forecast period. India's increasing e-commerce industry.
• The South Korean Wifi Security Camera market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 143.78 million in 2024.
• The Australian Wifi Security Camera market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD 74.76 million in 2024.
• The South East Asia Wifi Security Camera market is projected to witness growth at a CAGR of 16.3% during the forecast period, with a market size of USD 99.21 million in 2024.
• The Rest of Asia Pacific Wifi Security Camera market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 102.08 million in 2024.

South America Wifi Security Camera

According to Cognitive Market Research, the global Wifi Security Camera market size was estimated at USD 6251.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 312.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Wifi Security Camera market size was valued at USD 133.78 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. Wifi Security Cameras flourished in Brazil due to the growing investment.
• Argentina's Wifi Security Camera market had a market share of USD 52.51 million in 2024 and is projected to grow at a CAGR of 13.6% during the forecast period. Argentina's rising security concerns.
• Colombia Wifi Security Camera market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 27.82 million in 2024.
• Peru Wifi Security Camera market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 25.63 million in 2024.
• Chile Wifi Security Camera market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 22.50 million in 2024.
• The Rest of Latin America's Wifi Security Camera market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 50.32 million in 2024.

Middle East and Africa Wifi Security Camera

According to Cognitive Market Research, the global Wifi Security Camera market size was estimated at USD 6251.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 125.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031..

• The GCC Countries Wifi Security Camera market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 53.51 million in 2024. Wifi Security Camera sales flourish due to the presence of major market players.
• The Egypt Wifi Security Camera market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 13.13 million in 2024.
• The South Africa Wifi Security Camera market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 19.75 million in 2024. Wifi Security Camera sales flourish in South Africa due to regulatory support.
• The Turkey Wifi Security Camera market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 10.75 million in 2024.
• The Nigeria Wifi Security Camera market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 13.13 million in 2024.
• The Rest of MEA Wifi Security Camera market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 14.75 million in 2024.

Wifi Security Camera Market Analysis

Wifi Security Camera Market Camera Technology Segment Analysis

According to Cognitive Market Research, IP or Network Cameras stands out as the dominant category over the projected period. These cameras enable remote viewing, recording, and administration of video feeds when connected to the internet via wired or Wifi connections. Their extensive features, adaptability, and excellent resolution have made them popular in both residential and commercial settings. Demand is driven by ongoing advancements in IP camera technology, including greater resolution (HD, 4K), improved night vision, and AI-based analytics. Higher income results from advanced features since organizations and consumers want more complex solutions.

Others emerges as the fastest-growing category in the Wifi Security Camera market. PTZ cameras enable users to cover a large area and concentrate on certain features by providing remote control of the pan, tilt, and zoom functions. They are frequently utilized in public places and larger business locations.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Wifi Security Camera Industry. Request a Free Sample PDF!

Wifi Security Camera Market Camera Type Segment Analysis

According to Cognitive Market Research, the dominant category is Dome. Potential intruders may be discouraged by their design, which makes it difficult to tell which way the camera is pointed. When compared to other kinds of cameras, they are also typically more robust and impervious to damage.

The fastest-growing category in the Wifi Security Camera market is Bullet due to increasing desire for improved security in both home and business environments. Additionally, cloud integration, AI technologies, and high-definition video increase desirability.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Wifi Security Camera Industry Verticals Segment Analysis

Wifi Security Camera Market Industry Verticals Segment Analysis

According to Cognitive Market Research, the dominant category is BFSI. Strong security measures are necessary for BFSI organizations to guard against fraud, theft, and damage. High-value assets must be protected, and Wifi security cameras provide the real-time monitoring and recording capabilities that are necessary. Furthermore, the total security infrastructure is improved by the integration of Wifi security cameras with other security systems, such as alarm and access control. More sophisticated features, such as AI-based analytics, help to improve monitoring efficiency.

The fastest-growing category in the Wifi Security Camera market is Household. Growing worries about burglaries and vandalism at home are fueling the need for trustworthy surveillance systems. To overcome these issues, Wifi cameras provide alerts and real-time monitoring. Additionally, the popularity of Wifi security cameras is increased by the development of smart home technologies. These cameras frequently work in perfect harmony with other smart gadgets, including home automation systems, voice assistants, and smart locks.

• BFSI
• Manufacturing
• Education
• Hospital and Healthcare
• Household
• Others

Wifi Security Camera Application Segment Analysis

Wifi Security Camera Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Security. Growing worries about criminal activity, vandalism, and security lapses propel the need for efficient monitoring systems. Because they allow real-time monitoring and recording, wifi cameras offer a proactive approach to security. Furthermore, the efficacy of security systems is increased by ongoing advancements in camera technology, such as high-definition video, AI-based analytics, and intelligent features. These developments draw in both business and residential customers.

The fastest-growing category in the Wifi Security Camera market is Home Surveillance. The attractiveness of Wifi cameras is increased by their interaction with automation platforms and voice assistants (Amazon Alexa, Google Assistant). Their appeal is boosted by features like automation and remote access. Furthermore, there is a large selection of Wifi security cameras on the market, ranging in price from low-cost versions to high-end models with cutting-edge capabilities. A wide range of people can utilize home monitoring due to this variety.

• Car Dash Cameras
• Security
• Home Surveillance
• Baby and Adult Monitoring
• Others

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

LinkedIn

Profile

I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

Author's Conclusion