In FY2023, the Pro PTZ camera market experienced a third year of consecutive volume decline due to the impact of global macroeconomic factors. End-users in regions such as North America, Europe, and the APAC (excl. China) encountered considerable pressure from elevated inflation rates. This economic strain is attributed to the ongoing challenges faced by governments and financial institutions due to several geopolitical factors. Consequently, this situation has led to restricted budget allocations across various sectors, including corporate, governmental, and educational institutions.
Futuresource PTZ Camera Market
Professional PTZ video cameras have achieved success in a diverse range of vertical applications, allowing vendors to benefit from the surge in investment in professional video solutions during the coronavirus pandemic. Many brands continue to enter this market, intensifying competition and necessitating a strategic approach from market participants to ensure continued success.
This comprehensive PTZ camera market report is based on direct feedback from PTZ camera manufacturers, component suppliers and accessory vendors.
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