Video Surveillance Software Market on the Rise in North America
PALO ALTO, Calif.
According to new research from Frost & Sullivan, the North American video surveillance software market earned revenues of $140 million in 2006 and estimates this will climb to $827 million by 2013.
Terrorism and events such as the recent school violence in North America has called attention to the need for new video surveillance applications in transit, educational institutions, city centers and border crossings, according to Frost & Sullivan.
Lower cost hardware and improved detection capabilities of the latest videoanalytics software have led to the growth of IP surveillance, says Frost & Sullivan Senior Research Analyst George C. Paul. Additionally, the added advantage of integrating various security systems also drives the growth of the IP surveillance market.
“The convergence of security with the IT infrastructure is providing the necessary business case for security managers to shift from analog to IP surveillance,” says Paul. “This convergence not only reduces the cost of deployment, but also helps build a unified database that can increase interaction among the various security systems.”
The integration of security and IT has created a host of new products and has led to IP surveillance being utilized for many new security projects, he says. New opportunities arise from the advantages of digital technology in analyzing and providing real-time feedback for preventive action.
Paul warns, however, the convergence phenomenon could be hampered due to the differences in technologies between traditional security products and IP products. The restraint is more from educating the integrators and consultants rather than the actual technology, he says.
“Hence, integrators, consultants and vendors coming from the traditional security background must remain up to date with regard to the latest technologies in the IP surveillance market,” says Paul. “This can be achieved only through increased education and experience on live projects as well as pilots.”
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!