World surveillance market to grow by 39 percent by 2009

Jul 14, 2006 2:37 PM

           

Increasing threat to global security, constant desire for personal protection and acceptance of new technologies is offering the security surveillance equipment market limitless opportunities for the future, Research and Markets reports.
The firm's market research report "CCTV Market Update (2006-2007)" gives an in-depth analysis of the present and future of the global security market. The report offers a detailed overview of the Russian broadband industry with focus on the CCTV segment of the Global security industry.
The advent of new technologies such as IP video and video analytics, RFID, Biometrics and the compatibility of IT and security has spurred the growth of global security market. With the shifting of global CCTV market from analog to digital, new avenues for growth have opened in the shape of up gradation of existing systems, emerging countries seeking sophisticated technologies, the report says.
The fear of terrorism and rising crime rates across countries have forced the respective governments to put public safety and security in the top priority and invest in it accordingly. The expanding business establishments have become the other major market for the security systems.
Analysts predict that the convergence of access control technologies with other security systems, like biometric and Video surveillance equipment, are likely to witness a colossal demand with an approximate annual growth rate of around 37 percent across the world, by 2009.

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