Research and Markets Adds Report: The Global Video Surveillance Market to Grow At A CAGR Of 14.33 Percent over the Period 2011-2015
Nov 28, 2012 (Close-Up Media via COMTEX) --
Research and Markets announced the addition of the "Global Video Surveillance Market 2011-2015" report to its offerings.
In a release, Research and Markets noted that report highlights include:
One of the key factors contributing to this market growth is the increasing security concerns. The Global Video Surveillance market has also been witnessing the increasing demand of high-quality images. However, the lack of standardization could pose a challenge to the growth of this market.
Key vendors dominating this market space include Axis Communications AB, Bosch Security Systems Inc., Hikvision Digital Technology Co. Ltd., and Panasonic System Networks Co. Ltd.
Other vendors mentioned in the report: Arecont Vision LLC, Avigilon Corp., Cisco Systems Inc., Exacq Technologies Inc., Genetec Inc., H3C Technologies Co. Ltd, March Networks Corp., Milestone Systems A/S, Mobotix AG, NICE Systems Inc., Samsung Techwin Co. Ltd., Schneider Electric S.A., and Sony Electronics Inc.
Commenting on the report, an analyst from TechNavio's IT Security team said: ''Over the last few years, there has been a steady demand for high megapixel cameras. As a result, vendors in the Global Video Surveillance market have been increasing their product range of high-definition (HD) cameras. Vendors such as Arecont Vision and Avigilon have cameras with more than 20 mega pixels in their product portfolio. In addition, the vast majority of vendors in the market have started offering HD resolution cameras with wide dynamic range and low light capabilities.''
According to the report, recently, the occurrence and nature of security breaches and security attacks has increased considerably. Globally, robbery, theft, shoplifting, and terrorist attacks are increasing and in order to curb such anti-social activities, governments as well as large enterprises across the globe are increasing their adoption of video surveillance cameras. Also, many governments have passed stringent regulations to install video surveillance cameras in places such as hypermarkets, hospitals, airports, railway stations, hotels, malls, etc. These regulations are aimed to provide enhanced security and to curb anti-social activities.
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