Report: Global CCTV Market Expected To Grow 23 Percent By 2012

  • Aug 22, 2008

Research and Markets recently released a report, “Global CCTV Market Analysis (2008-2012),” that looks at the demand for CCTV products in the next four years.

The report says that with increasing safety and security concerns worldwide, the global CCTV market is gaining momentum and is emerging as a big opportunity area for the local as well as foreign CCTV players, distributors and operators all across the world.

The report predicts the future direction of the market that is based on the growth of base drivers, like security needs and technological developments, thus helping the clients to analyze the opportunities and factors critical to the market success.

Some of the key highlights from the study include:

  • The global CCTV market (including both analog and IP-based CCTV) grew at a CAGR of 24.28 percent in 2007 over 2006 and is forecasted to grow at a CAGR of approx. 23 percent from 2008 to 2012.
  • The global demand for CCTV systems is escalating at a faster pace due to a robust growth in the IP-based CCTV surveillance systems as compared to the analog ones.
  • In 2006, North America and Europe accounted for more than 85 percent of the global CCTV market.
  • It is expected that major demand for CCTV systems will come from the Asia-Pacific region in future.
  • Intelligent video surveillance system is emerging as a new trend that is driving the video surveillance software market.
  • Various sectors like retail, healthcare and transportation represents the opportunity areas for the global CCTV market.

Featured

  • Gaining a Competitive Edge

    Ask most companies about their future technology plans and the answers will most likely include AI. Then ask how they plan to deploy it, and that is where the responses may start to vary. Every company has unique surveillance requirements that are based on market focus, scale, scope, risk tolerance, geographic area and, of course, budget. Those factors all play a role in deciding how to configure a surveillance system, and how to effectively implement technologies like AI. Read Now

  • 6 Ways Security Awareness Training Empowers Human Risk Management

    Organizations are realizing that their greatest vulnerability often comes from within – their own people. Human error remains a significant factor in cybersecurity breaches, making it imperative for organizations to address human risk effectively. As a result, security awareness training (SAT) has emerged as a cornerstone in this endeavor because it offers a multifaceted approach to managing human risk. Read Now

  • The Stage is Set

    The security industry spans the entire globe, with manufacturers, developers and suppliers on every continent (well, almost—sorry, Antarctica). That means when regulations pop up in one area, they often have a ripple effect that impacts the entire supply chain. Recent data privacy regulations like GDPR in Europe and CPRA in California made waves when they first went into effect, forcing businesses to change the way they approach data collection and storage to continue operating in those markets. Even highly specific regulations like the U.S.’s National Defense Authorization Act (NDAA) can have international reverberations – and this growing volume of legislation has continued to affect global supply chains in a variety of different ways. Read Now

  • Access Control Technology

    As we move swiftly toward the end of 2024, the security industry is looking at the trends in play, what might be on the horizon, and how they will impact business opportunities and projections. Read Now

Most   Popular

Featured Cybersecurity

Webinars

New Products

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area. 3

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities 3

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure. 3