Report: Security Concerns Drive Growth In Digital Video Surveillance Market

The digital video surveillance systems market exhibits significant growth, driven by heightened public and private security concerns in addition to a technology shift. The security industry is experiencing convergence as information technology slowly and gradually transitions to IP-based video surveillance systems. Apart from the shift to IP-based surveillance systems, another technology, video analytics is rapidly advancing surveillance systems.

New analysis from Frost & Sullivan, Advances in Digital Video Surveillance and Optical Security Systems, finds that surveillance systems are becoming smarter and more sophisticated while still being easy to use or, in some cases, even easier to use than that was earlier possible.

Apart from critical applications such as aerospace and defense and homeland security, it is now common to have surveillance systems installed in companies, schools, malls, and several other places, where the main objective is to have stringent security. Additionally, the retail industry is leveraging video surveillance technologies as a business intelligence tool.

"The world is witnessing an escalation of grave terror attacks as well as threats, increasing the urgency to develop reliable and secure defense mechanisms," said Technical Insights Research Analyst Avanti Chitnis. "Video surveillance has proved to be an effective crime deterrent and is being globally adopted by security and law enforcement agencies."

Increasing security budgets for government and private sector organizations will be paralleled by exponential growth in the number of cameras being deployed. The digital video surveillance systems market is set to grow rapidly, not only in terms of technological advances, but also in the adoption of new applications.

Unmanned aerial vehicles (UAVs), an effective method for collecting vital information, have been employed for over a decade to perform video surveillance for defense & homeland security applications. The need for intelligence, surveillance, and reconnaissance is a major factor driving the growth of the global unmanned aerial systems market.

"Future enhancements in remote sensing include improved accuracy, resolution, timeliness, and convenience of remotely sensed data to render such data more readily available for diverse areas of interest," Chitnis said. "Research initiatives underway globally range from image compression, data fusion, and image processing to 3D vision, remote sensing, object detection and video analysis."

Although video surveillance provides security, the use of such systems has resulted in a significant amount of concern regarding the violation of privacy by such cameras.

There is a growing trend of integrating video surveillance solutions with access control, intrusion detection technologies, home automation systems, and fire and safety applications, which promotes the adoption of video surveillance systems. The security market remains highly competitive and price sensitive with an intensifying level of competition from small vendors and large market participants.

"Competitive factors that should be considered by companies include the ability to integrate products into a complete solution and innovation and differentiation from competitors," Chitnis said. "Additionally, a proven record of accomplishment in alleviating surveillance systems and strategic partnerships with various layers of the value chain should also be focused on."

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