The Emergence of a New Norm:Wearable Tech in Security

The body worn camera market stands at the exciting cusp of emerging technology and law enforcement's compelling necessity. With increasing interest in harnessing the power of technology to enhance transparency, accountability, and efficiency, this market segment is set to pique in the forthcoming years.

What is a Body Worn Camera?

A body-worn camera, or commonly known as BWC, is a wearable audio, video, or photographic recording system. Even though initially popularized by the law enforcement agencies, its utilization spans multiple areas such as health care, event security, and even retail loss prevention.

Market Size:A Futuristic Outlook

The global body worn camera market size was expected to foster growth at an impressive pace. According to the latest report by Grand View Research, Inc, the market size was valued at USD 443.3 million in 2019, and it is anticipated to propagate at a Compound Annual Growth Rate (CAGR) of 19.9% from 2020 to 2027.

This astronomical growth can be attributed to the increasing adoption of BWC's by law enforcement agencies across the globe, given its efficacy in fostering transparency, accountability, and deterrence of hostile behavior during law enforcement interactions.

Impact of Global Trends and Policies

Global trends also play a significant role in shaping market dynamics. For instance, the unfortunate incident of George Floyd's untimely demise in the USA in May 2020 triggered an international outcry for enhanced accountability in law enforcement, considerably fueling the demand for BWCs.

Furthermore, legislative policies have significantly impacted the market. For example, in the USA, state laws mandate the use of body-worn cameras by law enforcement personnel. Similarly, the UK Home Office established a fund specifically for aiding the English and Welsh police forces' procurement of BWCs.

Navigating the Competitive Landscape

The body-worn camera market is anything but oligopolistic, with a multitude of corporations introducing innovative solutions. Some of the major market players include Digital Ally, Inc., Pinnacle Response Ltd., GoPro, Inc., and Panasonic Corporation.

With evolving technology, these corporations continuously strive for improvement, making the sector highly competitive. Developments in fields like sensory technology, live streaming, facial recognition, to name a few, significantly shape the sector's trajectory.

The Future Is Here:Advent of Advanced Technologies

As we step into an era where the boundaries of technology are continuously tested, the introduction of advanced technological features in BWCs such as GPS tagging, cloud storage, and auto-activation capabilities looks inevitable.

Furthermore, the integration of BWCs with Internet of Things (IoT) and Artificial Intelligence (AI) is a promising prospect and can potentially upend traditional law enforcement and security methodologies.

With this technology-led disruptive potential, the body wearable camera market heralds exciting times. As global conditions, societal pressures, and policy implications continue to craft the way we approach accountability in security, the success of the Body Worn Camera Market is impossible to deny.