New market research from U.K.-based IMS Research indicated that the move from analog to network video is getting stronger. It comes as no surprise to the security industry that adoption of network video is expected to increase in coming years. The research revealed that the market for network video-surveillance technologies increased by about 42 percent last year, and is expected to continue to see high growth rates as the market expands globally to US$2.6 billion by 2010. The company looks at the market for not only surveillance cameras, but also for network video servers and network video recorders.
"The market has the potential to grow even faster than this," said Simon Harris, IMS's Research Director. "Even at this impressive growth rate, network cameras will still account for only one-third of the security cameras shipped in 2010. The security industry is notoriously resistant to change and new technologies generally take a while to gain acceptance. The main challenge for suppliers is to educate the market about the many benefits of network video surveillance over traditional analog CCTV."
Source: IMS Research |