Video Surveillance Market Growing, Says Report

According to Frost & Sullivan's recent report North American Video Surveillance Software Markets, the market earned revenues of $139.76 million in 2006 and estimates this to reach $826.65 million in 2013.

Driving the market in IP-based video surveillance are security concerns, lower cost hardware, and improved detection capabilities of the video analytics software. Additionally, the ability to integrate various security systems is driving growth of the IP surveillance market.

"The convergence of security with the IT infrastructure is providing the necessary business case for security managers to shift from analog to IP surveillance," notes Frost & Sullivan Senior Research Analyst George C. Paul. "This convergence not only reduces the cost of deployment, but also helps build a unified database that can increase interaction among the various security systems."

Advanced compression techniques have improved the quality of the images for lesser bandwidth requirements, thereby reducing the network cost to support IP cameras. In addition, the ease of integration with video analytics and low-cost server-based video management systems further demonstrates the advantages of IP surveillance. However, this convergence will not be easily achieved due to the differences in technologies between traditional security products and IP products.

In the past, live video feed was sent through coaxial cables and stored on a tape drive, or encoders would convert the feed and store it on digital video recorders (DVR). However, with the emergence of IP surveillance, video now transfers over transmission control protocol (TCP)/IP networks, and persons implementing these solutions must understand IT standards and technologies.

Posted by Jon Erickson at 10:04 AM  Permalink