Video Surveillance Will Nearly Double By 2011

Thevideosurveillance industry is expected to grow but there are still challenges ahead, according to a market research firm.

iSuppli Corp. forecasts that video surveillance camera global revenue will grow to more than $9 billion by 2011, maintaining a compound annual growth rate of 13.2 percent. The figures, announced Tuesday, are up from $4.9 billion in 2006. Surveillance unit shipments will more than double to 65.7 million units in 2011, with a CAGR of 17.1 percent from 29.8 million in 2006, according to iSuppli.

Themigrationto digital, fully networked systems, increasing security needs and innovation are driving the growth, iSuppli Vice President ofMultimediaContent and Services Mark Kirstein said.

"With the emergence of networked InternetProtocol(IP) video surveillance cameras andIPvideo 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," Kirstein said in a prepared statement. "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."

IP cameras will continue to displace existing ClosedCircuitTelevision (CCTV) cameras, even among consumers, while DVRs are increasingly evolving into networked devices, Kierstan said. Telecommunications companies will offer IP video surveillance throughbroadbandand IP cameras will overtake CCTV for surveillance by 2011, according to iSuppli.

The surveillance camera semiconductor market will reach $1.25 billion in 2011, up from $525 million in 2006, iSuppli announced. Sales of videoprocessorchips andinterfacechips will also grow, according to iSuppli.

However, the video surveillance market still faces challenges. Customer awareness and expertise with networked surveillance should increase, according toiSuppli. The company identified other barriers. They include: Security customers are traditionally conservative; security distributors and sellers lack expertise in IT and networking; IT competitors lack security expertise; decision-making and buying will become more complex because ofcoordinationand conflicts between IT and security organizations.

IP Video Surveillance Will Nearly Double By 2011
Fecha: 20-Mar-2007
TECHWEB, March 20, 2007 Tuesday 5:40 PM GMT