Report: Global Municipal Surveillance Market to Reach $3B by 2017
EL SEGUNDO, Calif. — The global market for electronic security equipment aimed at city surveillance applications will reach more than $3.2 billion in 2017, up from $1.4 billion in 2012, IMS Research projects in a new study.
In the report titled “Vertical Insights: Video Surveillance and Security in City Surveillance – World – 2013 Edition,” the research firm, now part of IHS, forecasts worldwide revenue for electronic security equipment in city security will have an annual growth rate of 17.8% from 2012 to 2017.
Researchers note police use city surveillance as a way to manage metropolitan center locations with the goal to reduce crime. Using the technology, police can access video surveillance feeds from mobile command centers when responding to an incident, allowing officers to coordinate efficient, quick responses to any event.
Cities face a number of threats, such as the Boston Marathon bombings, that stress the need to provide fast access for video surveillance systems, according to IHS Market Analyst Paul Bremner.
“City video surveillance systems have a key requirement to provide clear, useable images so that police departments can conduct effective investigations when needed,” he says. “If the video surveillance system can’t do that, then it is failing in its primary purpose.”
Along with fast access for video surveillance systems, the requirement to push video streams out to various individuals and organizations across the city has increased. The mobility offered by these video systems is a key tool for police departments when managing city-center locations.
“For cities the focus has shifted from basic surveillance needs toward mobile surveillance,” Bremner says. “Emerging technology can send the video to police officers on the street, streaming that video directly to the smartphones or laptops in their patrol cars. Such mobile surveillance technology will act as a force multiplier for the officers on the ground.”
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