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$800 Million Market keeps an Eye on You
Nov 07, 2006
In 2005,the profits from consignments of IP video surveillance cameras almost doubled. With continued growth manifested at a CAGR of 10.87%, it will become a significant market to recount with. It’s expected that by 2009, the global market for IP surveillance camera will grow more rapidly as compared to the conventional market for CCTV (closed-circuit television) camera. While the market for IP surveillance servers will expand by about $1.3 Billion, the market size of surveillance cameras will stand at around $3.9 Billion in 2010.
Fuelled by increased security concerns among private and public enterprises the demand for video surveillance systems is soaring. The majority of investments are channelised towards rapid development of cameras and other surveillance technologies. With the birth of digital cameras, today’s surveillance technologies have smarter features such as image tracking, recognition, as well as response & alert systems. The use of IP servers and cameras popularly known as “streamers” is one of the most noteworthy trends in the video surveillance market today.
RNCOS’ recent report, “Access Control Technologies and Market Forecast World Over (2007)” finds out that the Worldwide market for IP based CCTV showed a growth of nearly 39.6% in the year 2005.
The total market size for IP based CCTV reached about US$ 227 Million in 2005 as compared to US$ 159 Million in the year 2004. It is expected to grow at a CAGR of 39.6% within the next 5 years. In 2010, global IP based CCTV market size will reach to almost US$ 12 Billion.
The highlights of the report include the following:
- Analysis of the Access control market by segments.
- Analysis of the market drivers and plausible barriers.
- Contribution of biometric systems based on size, sales and geographical locations.
- Expansion of smart cards usage and its advantages.
- Implementation of the security systems worldwide and benefits.
- The significance of the security sector in the private, public and national domains.
- Market growth and future forecast of Access control technology.
The report, “Access Control Technologies and Market Forecast World Over (2007)” provides an in-depth analysis of the evolving technologies, growth prospects and challenges of the access control and security surveillance technology market worldwide.
For more information visit: http://www.rncos.com/Report/COM19.htm
For more information visit: http://www.rncos.com/Report/COM19.htm
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