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

  • Freedom of Choice

    In today's security landscape, we are witnessing a fundamental transformation in how organizations manage digital evidence. Law enforcement agencies, campus security teams, and large facility operators face increasingly complex challenges with expanding video data, tightening budget constraints and inflexible systems that limit innovation. Read Now

  • Accelerating a Pathway

    There is a new trend touting the transformational qualities of AI’s ability to deliver actionable data and predictive analysis that in many instances, seems to be a bit of an overpromise. The reality is that very few solutions in the cyber-physical security (CPS) space live up to this high expectation with the one exception being the new generation of Physical Identity and Access Management (PIAM) software – herein recategorized as PIAM+. Read Now

  • Protecting Your Zones

    It is game day. You can feel the crowd’s energy. In the parking lot. At the gate. In the stadium. On the concourse. Fans are eager to party. Food and merchandise vendors ready themselves for the rush. Read Now

  • Street Smarts

    The ongoing acceptance of AI and advanced data analytics has allowed surveillance camera technology to shift from being a tactical tool to a strategic business solution. Combining traditional surveillance technology with AI-based data-driven insights can streamline transportation systems, enhance traffic management, improve situational awareness, optimize resource allocation and streamline emergency response procedures. Read Now

  • Midtown Manhattan Shooting Kills 4, Including NYPD Officer

    Four people were killed, including a NYPD officer, in a midtown Manhattan shooting on Monday. That’s according to CNN. Read Now

New Products

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”

  • 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.

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.