Canada Surveillance IP Camera Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.70 Billion |
| Market Size (2029) | USD 7.20 Billion |
| CAGR (2024 - 2029) | 14.12 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Surveillance IP Camera Market Analysis
The Canada Surveillance IP Camera Market size is estimated at USD 3.70 billion in 2024, and is expected to reach USD 7.20 billion by 2029, growing at a CAGR of 14.12% during the forecast period (2024-2029).
- Canada is intensifying its efforts to bolster public safety and security, spurred by worries about crime, terrorism, and other risks. In response, governmental bodies, businesses, and residential areas are turning to surveillance IP camera systems. These systems promise enhanced monitoring, detection, and response capabilities. With features such as high-definition video, remote accessibility, and seamless integration with other security setups, IP cameras are becoming the go-to option for surveillance needs.
- Several Canadian cities are adopting "smart city" strategies, utilizing technology, notably surveillance IP cameras, to enhance urban planning, manage infrastructure, and deliver public services. These IP cameras are pivotal in smart city setups, facilitating real-time monitoring, traffic control, environmental oversight, and bolstered emergency responses. With increasing numbers of Canadian cities jumping on the smart city bandwagon, the need for surveillance IP cameras is set to surge.
- Furthermore, integrating video analytics and artificial intelligence (AI) technologies with surveillance IP cameras has significantly enhanced their capabilities. Features such as facial recognition, object detection, and behavior analysis enable these cameras to deliver more comprehensive and intelligent surveillance solutions. As Canadian organizations and institutions recognize the benefits of these advanced features, the demand for sophisticated IP camera systems is increasing.
- Heightened Canadian apprehensions revolve around the privacy risks of pervasive surveillance and the looming specter of personal data misuse, especially with the surge in IP camera system usage. Adhering to the ever-evolving privacy laws, notably the Personal Information Protection and Electronic Documents Act (PIPEDA), emerges as a formidable hurdle for both IP camera makers. A dual focus on stringent data security protocols and transparent data handling practices is imperative to assuage these concerns and foster public confidence.
- According to the IMF, the country's inflation rate decreased from 6.8% to 3.88% in 2023. Canada's declining inflation rate has made the cost of living more manageable for businesses and consumers, bolstering their purchasing power. This shift has notably rendered Surveillance IP Camera systems more accessible to commercial and residential clients. As inflationary pressures ease, organizations are diverting more funds to bolster their security measures, propelling the adoption of IP camera technologies.
Canada Surveillance IP Camera Market Trends
Retractable Safety Syringes Segment Expected to Witness Significant Growth During the Forecast Period
- Urbanization in Canada has been consistent, with a significant concentration of its populace in major cities. This surge in urban population and the subsequent rise in urban density have spurred a heightened need for robust public safety initiatives, notably driving the adoption of surveillance IP camera systems. According to the World Bank, urban dwellers comprise more than 80% of Canada's population. Notably, the southern regions host the lion's share of the population, with a significant concentration—over 50%—found in the southeastern corridor stretching from Quebec City to the Great Lakes.
- The Canadian government acknowledges the significance of utilizing advanced surveillance technologies to bolster public security and combat diverse threats. Through the 'Safe Cities' initiative, the government allocates funding and assistance to municipalities, enabling them to deploy sophisticated surveillance systems centered around IP cameras. This initiative's primary objectives include bolstering public safety, deterring criminal activities, and enhancing emergency response capacities, particularly in urban settings. Notably, prominent Canadian cities like Toronto, Montreal, and Vancouver have embraced the 'Safe Cities' program, deploying widespread networks of IP cameras across public areas, transit centers, and areas deemed high-risk.
- Canada's government, notably through programs like the Intelligent Transportation Systems (ITS) initiative, strongly emphasizes advancing its transportation infrastructure. This includes integrating cutting-edge technologies, such as surveillance IP cameras. These cameras are pivotal in monitoring traffic, identifying incidents, and enhancing traffic flow, ultimately bolstering road safety and curbing congestion. Noteworthy projects, like Calgary's ITS implementation and the Integrated Transportation System in the Greater Toronto and Hamilton Area, underscore the nation's growing reliance on surveillance IP cameras.
- Furthermore, it acknowledges the pivotal role of surveillance IP cameras in bolstering disaster management and emergency response. Notably, initiatives such as the Emergency Management Strategy for Canada actively advocate for the seamless integration of IP camera systems into the nation's emergency preparedness and response blueprints. By offering real-time visual data, these cameras empower authorities to synchronize rescue operations, oversee unfolding events, and craft well-informed strategies in the face of natural calamities or other crises.
North America Expected to Hold Significant Market Share During the Forecast Period
- Transportation authorities increasingly deploy surveillance IP cameras at intersections, highways, and road networks. These cameras monitor traffic, identify accidents, and pinpoint congestion patterns. The data they capture is then integrated into sophisticated traffic management systems. This integration empowers authorities to fine-tune signal timings, redirect traffic, and even introduce dynamic pricing strategies to streamline vehicle flow. Ultimately, these measures work to alleviate gridlock, shorten travel times, and boost the overall efficiency of transportation systems.
- These cameras also find their place on buses, trains, and subway stations. Their primary goal here is to bolster passenger safety and act as a deterrent to criminal activities. The footage from these cameras plays a crucial role in suspect identification, furnishing evidence in incidents, and aiding law enforcement investigations. Some transit agencies are even delving into advanced technologies like facial recognition and analytics to detect suspicious behaviors better and enhance their response to incidents.
- According to StatCan, Canada's transportation consumer price index hit 170.2 in June 2023, marking a 1.7-point surge from the preceding month. Rising consumer prices often trigger heightened demand for transportation and logistics services. This surge stems from businesses and consumers needing to transport more goods to meet the escalating market demands. Consequently, there's a notable uptick in the need for various transportation services, from freight and courier services to public transportation. As businesses strive to keep pace with consumer needs, they find themselves moving more extensive inventories, thereby amplifying the activity in the logistics and supply chain domains, which concurrently drives the studied market's growth.
- Canada is bolstering its security measures by installing surveillance IP cameras at its land borders, airports, and seaports. These cameras, coupled with technologies such as license plate recognition and object detection, play a pivotal role in identifying threats, monitoring suspicious activities, and aiding customs and immigration enforcement. Moreover, the data gleaned from these cameras facilitates passenger and freight processing and alleviates bottlenecks, thereby enhancing the efficiency of cross-border traffic.
Canada Surveillance IP Camera Industry Overview
The Canadian surveillance IP Camera market is highly competitive, boasting a mix of global and local contenders. Key players maintain their edge by focusing on product innovation, partnerships, and strategic moves like mergers and acquisitions. Some of the key companies in this landscape include Honeywell Security, Vivotek Inc. (A Delta Group Company), Lorex Corporation, Tyco (A Johnson Controls Brand), and Pelco (Motorola Solutions Inc.).
• April 2024: VIVOTEK unveiled its latest innovation, the MS9321-EVH-V2 Network Camera, at ISC West 2024. This camera boasts 4 x 5MP CMOS Sensors, which capture footage at a smooth 30fps across all resolutions. The MS9321-EVH-V2 can surveil expansive 180-degree horizontal vistas with AI-driven deep search capabilities spanning its entire field of view. This feature, combined with AI coverage, positions the camera as a premier choice for outdoor surveillance.
• October 2023: Lorex Technology has introduced its latest offering, the 4K Dual Lens Wi-Fi Security Camera. This camera stands out with its new design, featuring two high-quality lenses, and it provides users with a full 180° view in crystal-clear 4K resolution. The innovative Image Stitching Technology, placed side by side on these dual lenses, seamlessly combines two scenes, enabling users to monitor vast areas with a single camera.
Canada Surveillance IP Camera Market Leaders
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Honeywell Security (Honeywell International Inc.)
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Vivotek Inc. (A Delta Group Company)
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Lorex Corporation
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Tyco (A Johnson Controls Brand)
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Pelco (Motorola Solutions Inc.)
*Disclaimer: Major Players sorted in no particular order
Canada Surveillance IP Camera Market News
- April 2024: Axis Communications introduced a powerful 4K bullet camera, focusing on superior image quality and exceptional light sensitivity. Equipped with PoE, it streamlines device connections and power supply, eliminating the need for extra cables. Due to a deep learning processing unit, the camera bolstered its processing capabilities, facilitating in-depth data collection and analysis on the device itself. Additionally, it offers crucial metadata, making forensic searches quicker and more effective.
- December 2023: Hikvision unveiled its latest line of cutting-edge anti-corrosion cameras. These cameras are engineered to endure the most challenging industrial and marine settings and feature robust, lightweight polymer housings. They effectively reduce false security alarms and have intelligent capabilities differentiating individuals, vehicles, and other moving entities.
Canada Surveillance IP Camera Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 An Assessment of Macroeconomic Trends on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Government Initiatives for Public Safety and Security
5.1.2 Advancements in Surveillance IP Camera Technologies
5.2 Market Restraint
5.2.1 Data Privacy and Security Concerns
6. MARKET SEGMENTATION
6.1 By End-User Industry
6.1.1 Government
6.1.2 Banking
6.1.3 Healthcare
6.1.4 Transportation and Logistics
6.1.5 Industrial
6.1.6 Others (Education Institutions, Retail, and Enterprises)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Honeywell Security (Honeywell International Inc.)
7.1.2 Avigilon Corporation
7.1.3 Tyco (A Johnson Controls Brand)
7.1.4 Pelco (Motorola Solutions Inc.)
7.1.5 Axis Communications AB
7.1.6 Hanwha Vision Co., Ltd.
7.1.7 Infinova Corporation
7.1.8 Hangzhou Hikvision Digital Technology Co., Ltd.
7.1.9 Uniview Technologies Co.,Ltd.
7.1.10 Vivotek Inc. (A Delta Group Company)
7.1.11 Lorex Corporation
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Canada Surveillance IP Camera Industry Segmentation
IP cameras function over a network. These cameras, being entirely digital, utilize Cat5 networking cables for connectivity. They offer a range of video quality, from HD at 1080p to 4K. IP cameras have emerged as pivotal tools in the surveillance market, offering businesses a dependable security option. IP cameras dominate the surveillance sector with features like high resolutions, remote monitoring, scalability, and advanced analytics. The market size is evaluated by analyzing the sales of IP camera products across different sectors. The study explores the market's growth trends and examines the macroeconomic factors influencing it.
Canada surveillance IP camera market is segmented by end-user industry (government, banking, healthcare, transportation, logistics, industrial, and others [education institutions, retail, and enterprises]). The report offers market forecasts and size in value (USD) for all the above segments.
| By End-User Industry | |
| Government | |
| Banking | |
| Healthcare | |
| Transportation and Logistics | |
| Industrial | |
| Others (Education Institutions, Retail, and Enterprises) |
Canada Surveillance IP Camera Market Research FAQs
How big is the Canada Surveillance IP Camera Market?
The Canada Surveillance IP Camera Market size is expected to reach USD 3.70 billion in 2024 and grow at a CAGR of 14.12% to reach USD 7.20 billion by 2029.
What is the current Canada Surveillance IP Camera Market size?
In 2024, the Canada Surveillance IP Camera Market size is expected to reach USD 3.70 billion.
Who are the key players in Canada Surveillance IP Camera Market?
Honeywell Security (Honeywell International Inc.), Vivotek Inc. (A Delta Group Company), Lorex Corporation, Tyco (A Johnson Controls Brand) and Pelco (Motorola Solutions Inc.) are the major companies operating in the Canada Surveillance IP Camera Market.
What years does this Canada Surveillance IP Camera Market cover, and what was the market size in 2023?
In 2023, the Canada Surveillance IP Camera Market size was estimated at USD 3.18 billion. The report covers the Canada Surveillance IP Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Surveillance IP Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Surveillance IP Camera Industry Report
Statistics for the 2024 Canada Surveillance IP Camera market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Surveillance IP Camera analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
