1/5/2024 0 Comments Bosch ip camera utilityIoT systems are deployed in sectors including automotive, transportation, smart homes, energy, utility, security, surveillance, public safety, financial services, retail, healthcare, industrial, warehousing, and distribution. The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as integration of artificial intelligence systems in surveillance camera, adoption of IoT based surveillance systems, emergence of video surveillance as a service (VSaaS), etc. However, the market has been confronted with some challenges specifically, increase in privacy concern, high investment cost, etc. Surveillance cameras can also deter crime by increasing the probabilities of arrest and punishment.Īlarm notification is the best way that the security cameras can function in prevention and reduction of crime Furthermore, the market has been growing over the past few years, due to factors such as rapid urbanization, rising number of ATMs, growth in traffic management, technological improvement and development in surveillance camera industry, and many other factors. Criminal cases are decreasing proportionately as more of the cameras came into existence. There is a rapid growth of surveillance cameras in recent years for the purpose of reducing and preventing criminal activities. Whereas, in the Asia Pacific region, Japan and China held a significant share in the market as public safety agencies are heavily investing in emerging technologies for providing efficient safety solutions in Japan. However, the retail and commercial end-user markets are estimated to have the largest number of cameras installed in the country. The US is one of the most surveilled countries in the world, with CCTV cameras installed in most public and private places. Within North America, the US held the dominant share.
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