March 21, 2008
Study predicts explosive growth for video surveillance market
A new study conducted by tech market think tank ABI Research predicts that the global video surveillance market is poised for huge growth. ABI anticipates the industry's revenue, measured at about $13.5 billion in 2006, will skyrocket to $46 billion by 2013.
What's the cause of this assumed explosion? There are a number of factors to consider. First, there is the fact that security is on everyone's minds these days. Video surveillance can be a powerful tool for enhancing security for a wide variety of locations and applications. Additionally, people are beginning to discover new uses for these cameras, in areas such as retail, education, and corporate settings. In a retail store, for instance, some are now using surveillance cameras to gauge customer response to displays and store layouts.
Another huge factor in the surveillance industry's rise to prominence is improved digital technology. IP-based cameras and systems offer benefits such as remote video monitoring, improved storage and search capabilities, and sophisticated video analytics for detailed monitoring. With more manufacturers jumping into the IP surveillance fray, the technology will continue to improve and prices will lower.
For these, and many other reasons, the future certainly looks bright for the video surveillance industry.
Posted by Dan on March 21, 2008 11:42 PM | Comments (0)
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