IMS Forecasts Bounce Back for Balkan Video Surveillance Equipment Market

  • Nov 09, 2010

A new report from IMS Research, "The East Europe and Russia Market for CCTV and Video Surveillance Equipment, " forecasts strong growth for video surveillance equipment in the Balkan region. This is due to increasing foreign investment and countries with low video surveillance penetration at present, such as Serbia and Bosnia and Herzegovina, beginning to increase the level of spending on physical security.

The growth observed in the region’s economic development is mirrored in the CCTV and video surveillance equipment market. The Balkan region is one of the largest markets for video surveillance equipment in East Europe, and IMS Research forecasts that the Balkans will remain one of the largest markets in the coming five years, growing at an increasing double digit rate every year.

Romania is the largest market for video surveillance equipment in the Balkan States, accounting for just under 50 percent of equipment sales in 2009. As its economy recovers, IMS Research forecasts the video surveillance equipment market in Romania will grow at a similar rate to the Balkans as a whole. The Romanian market for video surveillance equipment should; however, grow faster than the Czech Republic from 2011 onward.

William Rhodes, market analyst and author of the report, commented, “The Slovenian market, despite having only a population of two million inhabitants, has a surprisingly large number of video surveillance project tenders out to bid. A large proportion of these tenders are for network video surveillance equipment. Slovenia amongst other nations within the Balkans will drive market growth over the next five years.”

Rhodes concluded, “With a large new retail park planned in Bucharest in 2010, and many Western Brands such as Carrefour, Tesco, Wal-Mart and Ikea looking to expand their existing retail establishments; retail in the Balkans will be one vertical that drives growth of the video surveillance equipment market in the coming years.”

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

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.

  • 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

  • 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.