Firmware Dynamic Analysis

I downloaded an official IP camera firmware, and i want to run and simulate the camera’s firmware (including the we server for example)
Is there some way to do it ?
I have tried with Qemu but i didn’t succeed.
Does it is possible to do ? run and simulate the camera firmware without the device itself ?
Please help me, give me some good resources… i searched a lot and didn’t succeed yet.

I think, this is not possible if there is no emulator for your camera firmware.

The Qemu is your choice!