(PRWEB UK) 17 April 2013
According to the report 'CCTV Market Outlook 2017', demand for technically advanced surveillance systems has driven huge growth opportunities for CCTV manufacturers, operators, and distributors. In addition, declining prices and advanced features are adding growth to the CCTV market, making it affordable for even smaller firms to embrace the CCTV technology.
The latest research study, 'CCTV Market Outlook 2017', has identified that the market for the global CCTV is expected to grow at a CAGR of around 14% during 2013-2017. As per our research findings, analog CCTV cameras currently dominate the global CCTV market, but the scenario is changing with network IP emerging as the leading technology. The report discusses the factors that will drive the IP technology market in near future.
On the technical front, IP Storage Area Network (IP SAN) is gaining momentum over digital and network video recorders (DVR/NVR) for storage as it offers improved scalability, storage capacity, and retention. We observed that the threat of terrorism and an increase in crime rate have also fueled the evolution of video analytics.