IMS Research’s latest report entitled “The World Market for CCTV and Video Surveillance Equipment – 2010 Edition” forecasts that the world market for video surveillance equipment will recover quickly in 2010, growing by more than nine percent compared to 2009.
IMS Research's latest report entitled “The World Market for CCTV and Video Surveillance Equipment – 2010 Edition” forecasts that the world market for video surveillance equipment will recover quickly in 2010, growing by more than nine percent compared to 2009.
“Whilst the economic downturn did impact the global video surveillance equipment market in 2009, fiscal stimuli from governments and the inherent demand for video surveillance equipment mitigated the magnitude of the impact,” said Report Author and IMS Research Analyst Gary Wong. The impact of the downturn was more profound in the analog video surveillance equipment market than in the network video surveillance market; end-user verticals that are analog-centric were among the most heavily affected by the downturn. The accelerated adoption of network video surveillance solutions further impacted the sales of analog video surveillance equipment in 2009.
“The global analog video surveillance market is forecast to have contracted by more than five percent in 2009, whilst the network video surveillance market grew by more than 18 percent,” Wong said. ”A short and sharp recovery for the total market for video surveillance equipment is forecast for 2010, bolstered by strong network video surveillance growth. The introduction of HD network cameras and the increasing adoption of open standards such as ONVIF and PSIA are expected to further accelerate the migration towards network video surveillance.”
Conversely, the market for analog video surveillance equipment, with the exception of China, is forecast to recover more slowly and to remain challenging for vendors, particularly as the enterprise market segment continues to transition quickly towards network video surveillance solutions and the low-end market becomes increasingly price competitive.
That said, analog video surveillance equipment still represents the majority of annual unit shipments and demand shows no signs of disappearing in the foreseeable future; however, the market for analog video surveillance products is expected to become increasingly commoditized.