Study: Video Surveillance Market Poised For Strong Growth

  • Mar 20, 2008

ABI Research believes that the video surveillance market is poised for strong growth, which the firm forecasts to expand from revenue of about $13.5 billion in 2006 to $46 billion in 2013. Those figures include cameras, computers and storage, professional services, and hardware infrastructure: everything that goes into an end-to-end security system.

“We’re at a key inflection point in the diverse video surveillance market, because we’re moving from an analog-based industry to a digital one,” said ABI Research vice president and research director Stan Schatt. “A rising tide lifts all boats: the result is a multitude of opportunities for vendors.”

“Security” is the word on everyone’s lips these days, but there is more to this dramatic market growth than that. Video surveillance finds uses in a variety of vertical markets such as retail, education, banking, transportation and corporate business. And it’s not always about security: new facial recognition software can analyze shoppers’ behavior within stores, for example, tracking eyeball movements as shoppers view product displays.

European video surveillance markets are more mature than those in North America (some say the UK, with its 4.1 million surveillance cameras, is the most monitored society on earth), but massive deployments are also now taking place in North America and, in connection with the upcoming Olympics, in China.

The diversity of products and services required by the video surveillance market present challenges for individual vendors, which they are addressing through partnerships.

But while digital technology offers advantages -- higher resolution, easier searching and retrieval, and more efficient storage -- many of the traditional security resellers of analog equipment are not yet comfortable with digital, and a massive retraining effort is going to be required.

“This is a modern version of the California gold rush,” Schatt said, “except that people are bringing cameras instead of pickaxes and shovels.”

Featured

  • Gun Violence Report Finds Retail Spaces, K-12 Schools Most Targeted

    ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the U.S. Department of Homeland Security SAFETY Act Designation, today announced the release of its annual Gun Violence Report, offering a deep dive into the landscape of gun-related incidents across the United States. This analysis extends beyond mass fatality events, providing a more nuanced understanding of when, where, and why shootings occur. Read Now

  • Agentic AI Will Revolutionize Cybercrime in 2025 According to New Report

    Malwarebytes, a provider in real-time cyber protection, recently released its 2025 State of Malware report, which reveals insight into the emergence of agentic artificial intelligence (AI), plus the year’s most prominent threats and cybercrime tactics. The report details a significant uptick in the number of known ransomware attacks, the total value of ransoms paid in 2024, and how IT teams can address them. Read Now

  • ESX 2025 Announces Expanded Schedule of Events

    ESX has announced its dynamic 2025 schedule, set to provide an unparalleled experience for professionals in the electronic security and life safety industry. Taking place June 16-19 at the Cobb Galleria Centre, this year’s event features an expanded lineup of educational sessions, hands-on workshops, inspiring main stage speakers, networking opportunities, and an engaging expo floor showcasing the latest technology. Read Now

  • City of New Orleans Launches NOLA Ready Public Safety App Before Super Bowl

    The City of New Orleans Office of Homeland Security and Emergency Preparedness (NOHSEP) is pleased to announce the official launch of the NOLA Ready Public Safety App, powered by Motorola Solutions. This new mobile application is designed to enhance public safety and emergency preparedness for both residents and visitors. All individuals planning to attend major events in New Orleans, including the Super Bowl, Mardi Gras, and other large gatherings, are encouraged to download the app. Read Now

Most   Popular

New Products

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.