Study: Almost 42% Growth Seen for Network Video Surveillance


A new market study from IMS Research has found that the world market for network video surveillance products increased by an impressive 41.9 percent in 2006 and is forecast to continue strong growth for years to come. By 2010, the combined market for network cameras, video servers and network video recorders (NVRs) is forecast to exceed $2.6 billion.

Even at this growth rate, network cameras will still account for only one-third of the security cameras shipped in 2010. New technologies generally take a while to gain acceptance in the security industry where the main challenge for suppliers is to educate the market about the many benefits of network video surveillance compared to traditional analog CCTV, according to IMS Research.

The study also highlights the growing demand for hybrid analog-digital solutions. DVR manufacturers are releasing products that can record both analog and network cameras, referred to as hybrid DVRs. These recorders bridge the gap between analog CCTV and network video surveillance, enabling customers to mix and match technologies. Customers can utilize their existing analog cameras alongside network cameras, presenting a more “future-proof” investment for those companies currently installing analog cameras but are considering upgrading to network cameras in the future.

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