September 10, 2001—New analysis from market consultants at Frost & Sullivan reveals that the interior security industry generated revenues of $1.3 billion in 2000 and is projected to increase steadily to $2.4 billion by 2007. Closed circuit television accounts for approximately 80 percent of revenues.
The projected increase is attributed to a rise in technological advances that are making security equipment both cost-effective and more reliable. According to the survey, one of the key advances is a shift from conventional magnetic tapes to digital recording and storage solutions—a change that eliminates the need for bulky cassettes and significantly reduces system costs. Also, camera sizes are smaller than ever and are producing superior color quality and sharper images. In addition, new complementary metal oxide semiconductor chip cameras are lighter, require less space, and use less power than charge coupled device cameras.
For more information, contact Frost & Sullivan at 210/247-3870.
