Focus on Safety and Security and Technology Developments Drives the CCTV/Video Surveillance Equipment Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on CCTV/Video Surveillance Equipment markets. Global CCTV/Video Surveillance Equipment market is projected to reach US$15 billion by the year 2018, driven primarily by the increasing focus on ensuring safety and security against unwarranted threats. Development of technically advanced, highly efficient and cost-effective solutions also augurs well for the future of this market.
San Jose, California (PRWEB) October 29, 2012
Follow us on LinkedIn – Security and safety are the key concerns for people from all walks of life. Events of security infringement at key infrastructure facilities right from World Trade Center attacks, the J.W. Marriott Hotel bombings, attack on the Indian parliament, and Madrid train bombing to the most recent incidents such as terrorist attack at Mumbai Taj Hotel, and the Colorado shooting, have truly underscored the need for safety and security at such facilities, thereby prompting both developed and developing countries to invest in advanced security solutions. Against this backdrop, security solutions and systems have become vital components in the security plans of building owners and organizations across the globe. In a world of increasing paranoia, electronic security systems such as CCTV/video surveillance equipment, which can instill a sense of safety and security against unwarranted threats are growing in popularity.
Heightened security concerns at public places such as airports, railway stations, university campuses, healthcare institutions, public amusement parks, and offices in major countries across the world continue to be the primary growth driver for the adoption of CCTV/video surveillance equipment globally. Continued spending by the Governments to bolster safety infrastructure and increasing adoption of video surveillance among users in commercial and residential sector is also driving growth in the global CCTV/video surveillance equipment market.
Although escalating security concerns have been primarily driving demand for CCTV/video surveillance equipment, the role of technology innovation in driving new opportunities for the market cannot be undermined. Technology developments have always been a key market driver for electronic security systems market, CCTV/video surveillance segment in particular. The CCTV/video surveillance market witnessed several technological developments in the past, which have helped it evolve over the years. Given the consumers appetite for technologically superior, yet cost effective solutions, recent technology developments such as digital CCTV, IP based video surveillance, wireless cameras, integrated storage abilities, superior resolution cameras, infrared cameras with night vision, sophisticated image processing and identification capabilities, remote-monitoring, CCTV video analysis software, among others, have been well received in the marketplace.
Demand is increasing for new technologies that allow ideal picture and video quality, and enable easy storage and transmission of recorded data. Latest technologies in IP cameras and Network video recorders (NVRs) that enable live streaming of surveillance data are also finding increased adoption. With superior integration technologies, synchronizing web-based solutions with smart phones will make video surveillance cheaper and more useful. Intelligent surveillance systems with the support of video based analytics will also remain hot category of digital video surveillance system, as such software helps automatically monitor and analyze information. A programmed high-performing DSP together with video processor allow more sophisticated surveillance algorithms. For instance, aggressive research is being conducted to create a gait DNA profile of person captured in the video feed. Such kind of behavior analysis will prove critical to flag suspicious criminals for closer review.
As stated by the new market research report on CCTV/Video Surveillance Equipment, the US represents the largest regional market accounting for a significant share of the market pie. Asia-Pacific is the fastest growing regional market for CCTV/video surveillance equipment with revenues from the region projected to wax at a CAGR of 15% over the analysis period. Characterized by burgeoning economies such as China and India, increase in foreign investments, rise in business formation activities, robust commercial and residential construction activity, growing number of civil infrastructure projects and public entertainment facilities, and booming enterprise, healthcare and hospitality sectors, all of which demand considerable security installations, Asia-Pacific in general is witnessing increased adoption of CCTV/video surveillance equipment.
Segment-wise, CCTV Cameras represent the largest product market. Growth in the cameras market will be especially led by mega-pixel cameras, which provide superior resolution and image quality. CCTV Recorders represent the fastest growing product segment, with annual sales waxing at a CAGR of about 9.5% over the analysis period.
Leading global players operating in the market include ADT Security Services, Inc., Axis Communications, Bosch Security Systems, Cantronic Systems Inc., Chubb Edwards, Dedicated Microcomputers Limited, Diebold Inc., Guardian Protection Services, Inc., Hirsch Identive, Honeywell International Inc., Huviron Co., Ltd., March Networks Corporation, Mobotix AG, NETVERSANT Solutions LLC., NICE-Systems, Ltd., Panasonic Corporation, Pelco Inc., Secom Co., Ltd., Siemens Building Technologies Ltd., Sony Electronics, Inc., Toshiba America, Inc., Tyco International Ltd., Vicon Industries, Inc., and Yoko Technology Corp., among others.
The research report titled "CCTV/Video Surveillance Equipment: A Global Strategic Business Report" announced by Global Industry Analysts, Inc. provides a comprehensive review of market trends, drivers, challenges, competition, company profiles, mergers, acquisitions and other strategic industry activity. The report provides market estimates and projections in value (US$) for major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, the UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America and Rest of World. Product segments analyzed include Cameras, Recorders, and Monitors.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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