Research: Global Video Surveillance Market to Expand by Double-Digit Percentage in 2014

  • Jan 23, 2014

The worldwide market for video surveillance equipment is expected to expand by more than 12 percent this year, according to a new white paper from IHS Technology entitled Trends for 2014 - Video Surveillance Trends for the Year Ahead.

Revenue in 2014 is expected to rise to $15.9 billion, up from $14.1 billion in 2013, as presented in the attached figure.

"During the past decade the video surveillance equipment market has grown quickly, expanding at a double-digit rate in most years," said Niall Jenkins, research manager, video surveillance and security services for IHS. "This year will be no exception, with growth led by strong demand for fixed-dome and 180/360-degree network camera products. As for vertical markets, the city surveillance and utility/energy sectors will drive the biggest increases in sales."

The expansion of the market represents the first of 10 key trends that will shape the video surveillance business in 2014. These trends range from the rising use of big data, to the arrival of thermal cameras in the commercial market, to the continued introduction of power over Ethernet (POE) technology.

Looking at the remaining trends, IHS predicts:

  • Police forces will increasingly request, and need to manage, crowdsourced video surveillance data. While this will allow law-enforcement agencies to react more quickly, especially with the use of social media monitoring, it will also create data analysis and manipulation challenges.
  • In China, the concept of the cloud is becoming increasingly popular, especially as the telecom infrastructure matures. As network bandwidth improves and network product pricing declines, cloud-based video surveillance solutions have drawn the attention of more suppliers.
  • Increased competition, new products and new end-user markets will mean that 2014 is a breakthrough year for thermal camera technology.
  • The big video surveillance camera category winner in 2014 will be 180/360-degree panoramic network cameras, with global unit shipments forecast to increase by more than 60 percent year-on-year.
  • Recent developments in POE standards and products make the technology a much more viable option for security managers.
  • Following the school shooting in Sandy Hook, the idea of facility security managers securely sharing live-video footage with law enforcement in the event of an incident has gained renewed focus. With costs dropping and attention growing on the protection of assets of both the physical and human kind in the post-Sandy Hook era, 2014 could be the year where live streaming of video surveillance to law enforcement becomes the norm.
  • The market in 2014 for video surveillance devices with chargeable video content analysis (VCA) will expand in applications where end-users need advanced and reliable analytics.
  • With much of the technology already available, and given the constant need to differentiate products and increase system efficiency, the market will see greater emphasis on the audio capabilities of video surveillance systems in 2014.
  • Video surveillance vendors will look at new markets as they invest profits made from years of fast sales growth. This trend will continue in 2014, with more new product and service announcements coming from network-focused security companies, as they seek to add fresh revenue streams to their portfolio.

Featured

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

Most   Popular

New Products

  • 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.

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.