July 31, 2005—With the introduction of low-priced technology and due to intense competition, the prices of hardware in the world video surveillance software market has dropped drastically. Encouraged by the reducing prices of digital and network cameras and the incorporation of improved features, end users have begun installing an increasing number of cameras per site.
New analysis from Frost & Sullivan, World Video Surveillance Software Markets, finds that market revenues totaled $153.7 million in 2004 and expects to reach $670.7 million in 2011.
“Video surveillance software helps buyers save costs by requiring them to deploy fewer personnel at monitoring stations,” says Frost & Sullivan Senior Research Analyst Soumilya Banerjee. “With lesser requirement of human intervention at the monitoring station, security personnel can be either relocated on site or be dispensed, depending on the premise under surveillance.”
The growth of the video surveillance software market is partly derived from the expansion of network-based systems, which include local area networks (LAN), wide area network (WAN), and the World Wide Web. Since network systems enable remote monitoring and maintenance of surveillance systems, end users of this technology will need to have established network architecture.
“For an end-user with an existing network infrastructure, the use of video management software makes more business sense, as no additional investment in building a network is required,” notes Banerjee. “Network-based systems expect to replace analog and hybrid systems, providing opportunities for video management software.”
World Video Surveillance Software Markets is part of the Automatic Identification and Security Applications subscription service and provides an overview and outlook for the market. Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. For more information, visit the Frost and Sullivan Web site.
