April 6, 2007—The video surveillance industry is expanding rapidly due to rising security needs combined with a spate of technological innovations-including the migration to digital, fully networked systems, according to the market-research firm iSuppli Corp.
“With the emergence of networked internet protocol (IP) video surveillance cameras and IP video servers-along with the rising use of digital video recorders (DVRs)-video surveillance is moving beyond traditional security and into new applications such as transportation, retail, government and even home networking,” says Mark Kirstein, vice president of multimedia content and services at iSuppli.
“This expansion is being helped considerably by the idea of networked video surveillance, which allows for greater flexibility, field upgradeability, increased automation and more intelligence to be incorporated into the overall system. Because of this, IP cameras will experience continued growth in surveillance, displacing existing closed circuit television (CCTV) cameras with modern technology that can be networked into larger security systems. Similarly, surveillance DVRs are transitioning into networked devices” Kirstein adds.
Global video surveillance camera revenue is forecast to grow to more than $9 billion by 2011, maintaining a compound annual growth rate (CAGR) of 13.2 percent up from $4.9 billion in 2006, iSuppli predicts. Meanwhile, video surveillance unit shipments will more than double to 65.7 million units in 2011, rising at a CAGR of 17.1 percent from 29.8 million in 2006.
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