Report: IP Video Market Won’t Slow Much

The worldwide market for video surveillance cameras and software will reach $14.3 billion in 2012, according to a new research report.

The total market was estimated to be worth $7.7 billion in 2007, according to “The World Market for CCTV and Video Surveillance Equipment,” published in November by IMS Research. The Wellingborough, U.K., firm forecasts the market to increase 13.4 percent per year between now and 2012.

Much of the growth will be driven by markets in Eastern Europe, Russia, the Middle East and Latin America. Combined growth for these regions is expected to remain above 20 per cent for the foreseeable future, and the combined value of these regions is expected to approach $2 billion in 2012.

In Asia, China is the powerhouse behind video surveillance growth. Government investment in Safe City projects remains high. Some 660 cities have been earmarked for development and new installations calling for thousands of cameras have continued to appear over the last year. China is also host to two major international events in the next two years, the World Expo in Shanghai and the Asian Games in Guangzhou, each of which will require substantial infrastructure investment.

In more established markets, there has been a noticeable slowdown in video surveillance spending. Overall, IMS forecasts that the video surveillance market in Western Europe, the U.S. and Japan will to grow by slightly more than 4 percent in 2009. Retail and banking verticals will be hardest hit as consumer spending slows and financial institutions remain shaky. The transportation and government verticals fare better because video surveillance is often viewed as essential for ensuring public safety, and substantial government funding for it still exists. However, IMS sees significant recovery in these regions in 2011 and 2012 as the relentless trend to network surveillance continues.

“The long term trends that will affect the CCTV and video surveillance market are the shift to network video surveillance, the increasing use of video content analysis, and the anticipated increased interoperability between network products,” Simon Harris, senior analyst at IMS Research and the principal author of the report, said in a statement. “The economic downturn will have negative impact in some market verticals, but overall market growth is expected to remain at a solid level. Our research concludes that the market for IP video surveillance management software will remain very strong.”

IP-based surveillance systems will continue to grow faster than the analog market, IMS predicts. Revenues for IP video surveillance management software, both open platform and proprietary, will top $1 billion by 2012, up from $236.2 million in 2007. The analog video surveillance market, however, is only forecast for 5.9 percent growth over the same period, IMS reports.

The reports from IMS Research are based on interviews with more than 100 international companies in the security industry, as well as data and statistics derived from relevant news sources, annual reports, and the Internet.

The report summary is available at http://www.imsresearch.com. Registration is required.

About the Author

Steven Titch is editor of Network-Centric Security magazine.

Featured

  • Report: 47 Percent of Security Service Providers Are Not Yet Using AI or Automation Tools

    Trackforce, a provider of security workforce management platforms, today announced the launch of its 2025 Physical Security Operations Benchmark Report, an industry-first study that benchmarks both private security service providers and corporate security teams side by side. Based on a survey of over 300 security professionals across the globe, the report provides a comprehensive look at the state of physical security operations. Read Now

    • Guard Services

  • Identity Governance at the Crossroads of Complexity and Scale

    Modern enterprises are grappling with an increasing number of identities, both human and machine, across an ever-growing number of systems. They must also deal with increased operational demands, including faster onboarding, more scalable models, and tighter security enforcement. Navigating these ever-growing challenges with speed and accuracy requires a new approach to identity governance that is built for the future enterprise. Read Now

  • Eagle Eye Networks Launches AI Camera Gun Detection

    Eagle Eye Networks, a provider of cloud video surveillance, recently introduced Eagle Eye Gun Detection, a new layer of protection for schools and businesses that works with existing security cameras and infrastructure. Eagle Eye Networks is the first to build gun detection into its platform. Read Now

  • Report: AI is Supercharging Old-School Cybercriminal Tactics

    AI isn’t just transforming how we work. It’s reshaping how cybercriminals attack, with threat actors exploiting AI to mass produce malicious code loaders, steal browser credentials and accelerate cloud attacks, according to a new report from Elastic. Read Now

  • Pragmatism, Productivity, and the Push for Accountability in 2025-2026

    Every year, the security industry debates whether artificial intelligence is a disruption, an enabler, or a distraction. By 2025, that conversation matured, where AI became a working dimension in physical identity and access management (PIAM) programs. Observations from 2025 highlight this turning point in AI’s role in access control and define how security leaders are being distinguished based on how they apply it. Read Now

Most   Popular

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.

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.