Research: Remote Video Monitoring To Continue Strong Growth

  • May 25, 2010

According to a new report from IMS Research, remote video monitoring is forecast to be the fastest growing service within the remote monitoring market. The remote video monitoring services market was worth nearly $250 million across the Americas and EMEA in 2009, and is experiencing impressive growth which will continue to accelerate as the global economy recovers and technology improves.

According to report author and market analyst Ewan Lamont, remote video monitoring is good news for central stations and suppliers to the industry.

“Everybody is a winner with remote video monitoring services,” he said. “Alarm dealers can make bigger margins on remote video services compared to alarm monitoring, as well as generating revenue from increased equipment sales, installation and maintenance. Customers who are able to replace guards with a monitored system are reportedly seeing return on investment in a relatively short period of time. As for customers that do not have a manned guard to replace, insurance companies are listing remote video monitoring as an equivalent substitute and reducing premiums accordingly. Even telcos are benefitting from supplying the extra bandwidth that the video transmission requires.”

So does this growth in video monitoring signal trouble for the manned guarding industry? Not necessarily, said Lamont.

“Manned guarding hasn’t changed significantly in a hundred years; it generally comes down to boots on the ground,” he said. “ It has a clear legacy, but levels of service have rarely changed. Adding remotely monitored video to a manned guarding service allows a central station operator to watch multiple cameras, and then direct guards to where they are needed. This maximises the area under surveillance, and allows the response to be focused where it is required. If manned guarding companies use remote video monitoring to compliment their offering then this could be a breathe of fresh air through the guarding industry.”

IMS Research predicts more and more service providers will add remote monitoring services to their portfolios over the next five years to take advantage of this trend. IMS Research’s recently completed report, “The Americas and EMEA Markets for Remote Monitoring Services -- 2010 Edition” addresses this and other relevant topics in detail.

Featured

  • Brivo, Eagle Eye Networks Merge

    Dean Drako, Chairman of Brivo, the leading global provider of cloud-native access control and smart space technologies, and Founder of Eagle Eye Networks, the global leader in cloud AI video surveillance, today announced the two companies will merge, creating the world’s largest AI cloud-native physical security company. The merged company will operate under the Brivo name and deliver a truly unified cloud-native security platform. Read Now

  • Security Industry Association Announces the 2026 Security Megatrends

    The Security Industry Association (SIA) has identified and forecasted the 2026 Security Megatrends, which form the basis of SIA’s signature annual Security Megatrends report defining the top 10 factors influencing both near- and long-term change in the global security industry. Read Now

  • The Future of Access Control: Cloud-Based Solutions for Safer Workplaces

    Access controls have revolutionized the way we protect our people, assets and operations. Gone are the days of cumbersome keychains and the security liabilities they introduced, but it’s a mistake to think that their evolution has reached its peak. Read Now

  • A Look at AI

    Large language models (LLMs) have taken the world by storm. Within months of OpenAI launching its AI chatbot, ChatGPT, it amassed more than 100 million users, making it the fastest-growing consumer application in history. Read Now

  • First, Do No Harm: Responsibly Applying Artificial Intelligence

    It was 2022 when early LLMs (Large Language Models) brought the term “AI” into mainstream public consciousness and since then, we’ve seen security corporations and integrators attempt to develop their solutions and sales pitches around the biggest tech boom of the 21st century. However, not all “artificial intelligence” is equally suitable for security applications, and it’s essential for end users to remain vigilant in understanding how their solutions are utilizing AI. 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.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • 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.