The shift from analog to IP cameras is boosting the market growth as the total cost of operation of IP cameras is much lower than analog cameras. IP cameras are more flexible, scalable, and can be easily installed when compared to analog cameras.
Connectikpeople.co can also indicate that, IP cameras have built-in servers or encoders that can help in image encryption and provide multi-level user access control, which prevents third-party manipulation.
According to Research and Markets, the intense competition and the declining profit margins constitute significant risk factors for the vendors in this market. In fact, the market consolidation is growing: small entities are acquired by or merged with major players.
The rapidly changing technological environment is billed as a major challenge for the global …