Communications companies are seeking to increase their average revenue per user through remote video monitoring and surveillance (RVMaS) due to market saturation, increasing competition and tough economic conditions, according to a new report by IMS Research.
Titled “The Worldwide Market for Remote Video Monitoring and Surveillance – 2009 Edition,” the report shows that annual worldwide revenues from the residential RVMaS market were around $158 million in 2008.
IMS Research predicts the RVMaS market will be more than three times as large by 2013. At a global level, communications companies currently have to deal with slowing broadband growth and declining fixed line subscriptions. In an effort to address the slowing segments of their businesses, communications companies are increasingly seeking to offer new services or multiple service/play bundles to their customers.
Currently, many communications companies offer Internet, phone, TV and cell phone bundles. To generate higher revenue per user, increased customer retention and subscriber numbers, communications companies are looking to release new residential RVMaS products this year, according to the report.
RVMaS products are currently available from companies such as, Axis, D-Link, Linksys, Logitech and Panasonic, with the service element of the solution provided by communications companies such as AT&T, China Telecom, TeliaSonera and NTT. While these products and services have been experiencing strong growth, according to the report, the increasing availability of RVMaS services from communications companies will be a key factor in exploiting the full potential of this market opportunity.
