When it comes to choosing between IP and analog cameras, it’s important to consider your specific needs and priorities.
According to a report by MarketsandMarkets, the global video surveillance market size is expected to grow from $45.5 billion in 2020 to $74.6 billion by 2025. This growth can be attributed to increasing security concerns, technological advancements, and rising demand for video surveillance in various industries.
For small businesses with limited surveillance needs, analog cameras may be a cost-effective option as they are generally less expensive and simpler to install. According to a report by IHS Markit, analog cameras still make up 70% of the global surveillance camera market.
However, as businesses grow and their surveillance needs become more complex, IP cameras may become a more suitable option. The same report by IHS Markit predicts that by 2023, IP cameras will make up 75% of the global surveillance camera market.
This can be attributed to the advanced features that IP cameras offer, such as facial recognition, motion detection, and remote access, which can greatly enhance security and surveillance capabilities for larger businesses.
While analog cameras may be suitable for small businesses or those with limited surveillance needs, IP cameras are becoming increasingly popular for larger businesses with more complex surveillance needs.