Global Video Surveillance Systems Market: $36.3 Billion Industry Forecast By 2018

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The global video surveillance systems market is forecast to grow to a value of around $36.28 billion by the end of 2018. The video surveillance market has undergone a drastic change over a past decade. Improvements in hardware technology combined with efficient monitoring analytics and software technology is reducing the cost of implementing video surveillance systems.

The increased need to monitor crime and the continued threat from potential terrorist activity is placing a greater emphasis on the need for continuous monitoring of public spaces. A surveillance camera is becoming an effective tool for the government agencies for discouraging crime.

The shift from analog to IP cameras, offers high resolution solutions along with better image quality representing a major driver in the global surveillance market. The video surveillance market is forecast to witness strong growth driven by the uptake of IP video surveillance during the period 2013 to 2018.

Analog video surveillance systems represent a lower cost alternative with China and the Philippines being the target markets for analog video surveillance systems uptake. IP video surveillance systems are predominantly associated with the requirement for larger bandwidth networking and data storage solutions.

The migration from analog to IP video surveillance systems has more than doubled the requirements for storage capacity. The increased necessity for better picture quality will ultimately lead for the efficient and effective management of data.

The architecture of video surveillance systems and networks represents an important aspect of any solution […]

Source: live-pr.com
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