by Shane Henson — February 3, 2014—The adoption of Internet protocol (IP) video surveillance to enhance building security is on the rise, according to a new report from Allied Market Research that estimates the global IP video surveillance and Video surveillance as a service (VSaaS) market will reach $57.3 billion by 2020.
Per the report, IP Video Surveillance and VSaaS Market (Technologies, Applications, Services, Geography)—Industry Analysis, Trends, Share, Opportunities and Forecast, 2012—2020, the IP surveillance market is undergoing an evolutionary phase in developing countries, therefore promising significant potential. In the case of developed countries, the analogue surveillance systems are being actively replaced by IP surveillance systems.
Increasing awareness regarding the benefits of IP-based surveillance system, favorable regulatory impositions and rising security concern are the key factors expected to catalyze the growth of IP surveillance market during the forecast period. Penetration of IP in surveillance has created a long lasting impact on the overall surveillance industry.
As Allied Market Research explains, IP surveillance systems offer better flexibility and scalability features in comparison to closed-circuit television (CCTV) and conventional surveillance systems. Analog systems are expandable only to a specific limit, adds AMR. For instance, only a limited number of cameras can be added to the existing infrastructure. However, IP surveillance systems are creating better opportunities for end users willing to focus on multi-level or multi-site business expansions. For this reason, organizations are expected to prefer IP surveillance systems over analog systems.
The company also notes that IP surveillance systems are configured with advanced technology such as video motion detection, frame rate control, automatic brightness control, internal storage memory, and remote-zoom facility. Thus, security concern and technological advancements throughout the globe are acting as a strong driving force for the market. IP surveillance systems integrated with video analytics enable a high level of intelligence, therefore enhancing security. Such systems are evidencing higher adoption rates in security sensitive segments such as airports and casinos.
This report segments the IP surveillance market based on products, applications and geographies. It also includes company profiles of 10 leading companies dealing in IP surveillance systems: Avigilon Corporation, Axis Communication AB, D-Link Corporation, Genetec, March Networks, Milestone Systems, Panasonic Corporation, Mobotix AG, GeoVision Inc. and Arecont Vision.
