Network video surveillance market surging

Feb 6, 2007 3:41 PM

           

A market study from U.K.-based IMS Research has confirmed that the trend from analog CCTV to network video surveillance is in full swing.

The world market for network video surveillance products increased by an impressive 41.9 percent in 2006 and is forecast to continue growing strongly for years to come. By 2010, the combined market for network cameras, video servers and NVRs is forecast to exceed $2.6 billion.

"The market has the potential to grow even faster than this," says Simon Harris, an IMS 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," Harris continues. "The main challenge for suppliers is to educate the market about the many benefits of network video surveillance over traditional analog CCTV".

The report highlights the growing demand for hybrid analog-digital solutions. DVR manufacturers are releasing products that can record both analog and network cameras, often referred to as hybrid DVRs. These recorders bridge the gap between analog CCTV and network video surveillance and enable customers to mix and match technologies.

They also enable customers to use their existing analog cameras alongside network cameras. Furthermore, they represent a more "future proof" investment for those companies currently installing analog cameras who are considering upgrading to network cameras in the future.
Visit imsresearch.com for more information.

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