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Video Surveillance Systems & Services Market: Analysis & Forecast 2013-2018

Global video surveillance systems market: $36.3 billion industry forecast by 2018

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2014-01-21 13:21:01 - Video Surveillance Systems & Services Market: Analysis & Forecast 2013-2018 - a new market research report on

The global video surveillance systems market is forecast to grow to a value of around $36.28 billion by the end of 2018. The video surveillance market has undergone a drastic change over a past decade. Improvements in hardware technology combined with efficient monitoring analytics and software technology is reducing the cost of implementing video surveillance systems. The increased need to monitor crime and the continued threat from potential terrorist activity is placing a greater emphasis on the need for continuous monitoring of public spaces. A surveillance camera is becoming an effective tool for the government agencies for discouraging crime. The shift from analogue to IP cameras, offers high resolution solutions along with better image quality representing a major driver in



the global surveillance market.

The video surveillance market is forecast to witness strong growth driven by the uptake of IP video surveillance during the period 2013 to 2018. Analogue video surveillance systems represent a lower cost alternative with China and the Philippines being the target markets for analogue video surveillance systems uptake.

IP video surveillance systems are predominantly associated with the requirement for larger bandwidth networking and data storage solutions. The migration from analog to IP video surveillance systems has more than doubled the requirements for storage capacity. The increased necessity for better picture quality will ultimately lead for the efficient and effective management of data. The architecture of video surveillance systems and networks represents an important aspect of any solution and it is becoming much important as IP solutions are adopted. A significant amount of storage space is wasted as a result of storing video images without analysis and there will be an increased requirement for storage due to high frame rate of images. Storage issues can be overcome by using edge storage and video analytics, which analyzes and stores video data at a fixed frame rate and resolution.

More advance video analytics are being used to manage the increased problems associated with data storage. The introduction of applications and features such as ´motion detection´ for video surveillance systems will manage this issue with images streamed only when an event occurs. Another solution to the data storage issue is the use of edge storage, where a hard drive or memory cards are used in cameras for storing video. Video content is not sent from the camera unless the user wants to view the recorded video. However the increased demand for better picture quality and lower costs of the network solution is placing added pressure on data storage. Another unsolved problem is the issue of vandalizing video surveillance systems by criminals or thieves.

The global video surveillance systems market and service industry associated with such networks is forecast to report strong growth due to the implementation of intelligent video surveillance and hosted video solutions. The use of VSaaS platform, enables the cloud to be deployed either as a hosted or managed cloud with the existing IP or analogue camera and this will be beneficial to small and medium scale businesses, eliminating any network video recorder (NVR) expenses.

Intelligent video surveillance is used in smart applications to detect emergency events such as traffic accidents, illegal entry and; subsequently, process it immediately to the concerned response group. Another major opportunity is the use of video analytics in retail applications. The retail video analytics enable systems to analyze live captured video and identify the area for improvement in various operations in retail segments. This surveillance is extremely important for ensuring safety in areas like casinos, hospitality, parks, and restaurants.

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Mike King
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