The global video surveillance market has been witnessing increasing demand of high-quality images. However, the lack of standardisation could pose a challenge to the growth of this market. That is according to a market report.
Over the last few years, there has been a steady demand for high megapixel cameras. As a result, vendors in the CCTV 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.
Recently, the occurrence and nature of security breaches and security attacks has increased considerably, according to the report. Globally, robbery, theft, shoplifting, and terrorist attacks are increasing and to curb such anti-social activities, governments as well as large enterprises are increasing their adoption of CCTV. Also, many governments have passed regulations to install CCTV 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.
Key vendors in 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.
The Global Video Surveillance market is to grow at a CAGR of 14.33 percent over the period 2011 to 2015, according to the market research firm Infiniti Research. Visit http://www.companiesandmarkets.com.
