AUSTIN, Texas — Global sales of network video products will best analog equipment by 2014, according to a new report by IMS Research.
Titled "The World Market for CCTV and Video Surveillance Equipment - 2011 Edition," the report states that the video surveillance equipment market increased more than 10 percent in 2010, despite the global economic downturn. The research firm credits the growth to sales of network video products. In fact, the network video surveillance market grew more than 30 percent in the total market in 2010, says IMS Research Senior Analyst Gary Wong.
Sales in the global analog video products market dropped in 2010. One factor causing the decline is that the enterprise tier is switching to network video solutions. Increasing price competition in the mid to low tier in the analog market also plays a role in the decrease, the report notes.
In contrast, the network video market continues to grow thanks to government stimulus-funded projects. Increasing penetration of higher value network video products, such as high definition (HD) cameras, also contributes to the rise.
Despite this, IMS Research forecasts that in terms of shipments, analog cameras will continue to outsell network cameras in 2014.
Other Recent News
May 21, 2012
The Hard Rock Hotel and Casino Albuquerque has selected Surveillance Systems Integration (SSI) to migrate the hotel’s analog security system to IP video.
May 15, 2012
According to the 2012 edition of “The World Market for CCTV & Video Surveillance Equipment” report from IMS Research, Axis Communications has overtaken the No. 1 global manufacturer position for all surveillance cameras, including IP-based and analog providers.
April 18, 2012
Mobotix, a provider of high-resolution video systems, has launched a new international channel network program to offer certified partners a range of benefits.
April 18, 2012
Axis Communications recently hosted a grand opening for its new North American headquarters, which included a private cocktail event for local partners in the state-of-the-art Axis Experience Center.
April 10, 2012
IP security solutions provider Genetec has named SecureWatch24 (SW24), a provider of installation, guard and other security services, as a Genetec Resource Partner for the northeast United States.