EU Membership Boosts Croatian Video Surveillance Equipment Market

EU Membership Boosts Croatian Video Surveillance Equipment Market

The growth of the Croatian video surveillance equipment market is expected to accelerate following its membership of the European Union earlier this month. This follows large expansions in the Romanian and Bulgarian video surveillance equipment markets since their accession in 2007.

EU Membership Boosts Croatian Video Surveillance Equipment MarketThe Romanian market has benefited from generous E.U. funding, which has driven the growth in infrastructure and city surveillance projects, according to a new report from IMS Research, now part of IHS. The Romanian video surveillance equipment market more than doubled in size to $12.6 million in 2012, up from $5.7 million in 2007.

The Croatian market for video surveillance equipment was estimated to be worth $5.1 million in 2012, with double-digit growth forecast for the next five years.

“Following its recent accession into the European Union, the Croatian market for video surveillance equipment is set to echo growth levels experienced by the Romanian and Bulgarian markets,” said Aaron Dale, research analyst for the Security and Fire Group at IHS. “Access to E.U. development funds, while crucial, is not the sole reason for growth in these markets. The associated administrative reforms designed to standardize business practices across Europe will serve to attract a greater level of foreign direct investment.”

However, a number of challenges remain for the Croatian authorities to overcome before the benefits to the country’s video surveillance market can be realized. Both the problems of inflexibility in labor markets and extensive bureaucratic red tape will need to be addressed. Should this be accomplished, the Croatian video surveillance equipment market likely will become more attractive to foreign investors.

“With the likelihood of E.U. development grants, combined with an improved bureaucratic structure, Croatia represents an attractive opportunity for video surveillance equipment vendors looking to move into this space,” Dale said. “Increases in infrastructure and spending funded by grants from the European Central Bank will lead to a greater demand for high-end networked video surveillance equipment. Currently, the domestic market is not positioned to cater to such demand.”

The video surveillance equipment market in Croatia, while still in its infancy, has great potential to grow. High growth rates seen in the Romanian and Bulgarian markets following their accession into the European Union provide a strong indication that a similar expansion can be achieved in the Croatian market.

Featured

  • Making the Grade with Locks and Door Hardware

    Managing and maintaining locks and door hardware across a school district or university campus is a big responsibility. A building’s security needs to change over time as occupancy and use demands evolve, which can make it even more challenging. Knowing the basics of common door hardware, including locks, panic devices and door closers, can make a difference in daily operations and emergency situations. Read Now

  • Choosing the Right Solution

    Today, there is a strong shift from on-prem installations to cloud or hybrid-cloud deployments. As reported in the 2024 Genetec State of Physical Security report, 66% of end users said they will move to managing or storing more physical security in the cloud over the next two years. Read Now

  • New Report Reveals Top Security Risks for U.S. Retail Chains

    Interface Systems, a provider of security, actionable insights, and purpose-built networks for multi-location businesses, has released its 2024 State of Remote Video Monitoring in Retail Chains report. The detailed study analyzed over 2 million monitoring requests across 4,156 retail locations in the United States from September 2023 to August 2024. Read Now

  • 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

Featured Cybersecurity

Webinars

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. 3

  • 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. 3

  • EasyGate SPT and SPD

    EasyGate SPT SPD

    Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles. 3