Dallas, TX (PRWEB) September 11, 2013
The video surveillance market has undergone a drastic change over the past decade. The technological advancement and dropping in the cost of the video surveillance equipment allows the monitoring to be done in the most efficient way. A surveillance camera is becoming an effective tool for the government agencies for discouraging crime. The shift from analog cameras to IP cameras, which offer high resolution along with better image quality, is a major driver in the video surveillance market. The market is likely to witness a large growth in IP video surveillance by 2018. The analog business is still efficient in many countries like China, and the Philippines; but IP is the new trend with a lot of potential; and it is likely that the increased adoption of IP cameras will back off the analog camera sales/market in future.
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A large number of cameras are used in IP video surveillance, which is bound to generate the need for more storage. The migration from analog to IP has more than doubled the need for storage capacity. Rising expectation for better picture quality will, further, lead to the requirement for more memory space. Much of the storage space is wasted as a result of storing video without analysis and there will be an increased requirement for storage due to high frame rate of the image. This issue can be overcome up to a limit by the usage of edge storage and video analytics, which analyzes and stores video at a fixed frame rate and resolution. More advance approaches used by video analytics includes applications/features like ‘motion detection’, in which the video surveillance system will stream only when an event occurs. Another major solution to this storage issue is the use of edge storage, where a hard drive or memory cards are used in cameras, for storing video, and this video content is not sent from the camera unless the user wants to view the recorded video. However, still, the requirement for storage remains unresolved due to the demand for better picture quality and cost. Another unsolved problem is the vandalizing of video surveillance system by criminals or thieves. The burglars are well aware of the methods and they can easily damage the video surveillance system.
The video surveillance system and service market is considered to have great potential due to the intelligent video surveillance and hosted video solutions. The use of VSaaS platform, where the cloud can be deployed in either a hosted or managed cloud with the existing IP or analog camera, will be beneficial to small and medium scale business people because it eliminates Network Video Recorder (NVR) expenses. The intelligent video surveillance is used in smart applications to detect emergency events like traffic accidents, illegal entry and; subsequently, process it immediately to the concerned response group. Another major opportunity is the use of video analytics in retail applications. The retail video analytics help in analyzing live captured video to identify the area for improvement in various operations in retail segments. Video surveillance is extremely important for ensuring safety in areas like casinos, hospitality, parks, and restaurants.
This report provides a detailed analysis of the markets for all the components of a video surveillance system; such as hardware, software and services. It includes detailed analysis of application segments and geographical split across the globe. The report sketches the competitive scenario in the video surveillance system and service market.
Scope of the report
The entire video surveillance system and service market report segments on the basis of systems; the components like hardware, software & service used in the video surveillance system; and geographical analysis.
On the basis of system
The video surveillance system market is segmented into two categories, namely: analog video surveillance system and IP video surveillance system.
On the basis of hardware, software and service
The component market is segmented into hardware, software, and services. The hardware segment is classified into camera, monitor, and recorder. The software section includes video analytics and Video management System (VMS); and the service section includes the Video Surveillance as a Service (VSaaS), which is further segmented into hosted VSaaS, managed VSaaS, and hybrid VSaaS.
On the basis of application
The application market is segmented into infrastructure, industrial, institutional, residential and commercial. The infrastructure application is further classified into energy, highways, streets and bridges, transportation, stadiums, parks and playground. The commercial application is categorized into office, lodging, retail, healthcare, and warehouse non-manufacturing applications.
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