The days of older analogue CCTV systems look to be numbered as more and more businesses are learning about the benefits of upgrading to IP and digital-based cameras.
A new study by IMSResearch - part of IHS Inc - found that the global market for wireless infrastructure gear for video surveillance use is set to explode in the next few years, with 2011’s total spend predicted to double by the end of 2016.
Worldwide revenue for this state of the art equipment will rise to $705 million in 2017, an increase of nearly 160 per cent from $274 million in 2011, with a significant proportion of this growth coming from the development of low-cost systems.
“Offering a relatively inexpensive solution compared to trenching cable, wireless infrastructure delivers a low-cost option for those who that want to establish surveillance networks,” said Josh Woodhouse, video surveillance analyst at IHS.
“In regions with widespread existing video surveillance infrastructure, such as the United States or the United Kingdom, the adoption of wireless infrastructure for video surveillance is growing steadily. However, emerging regions that lack such infrastructure will generate the strongest growth in the world, causing the market for video surveillance wireless infrastructure gear to boom during the coming years,” he added.
The report stated that global growth will be led by China, which will see a huge 28.8 per cent revenue compound annual growth rate (CAGR) during the period. The rest of the Asia region - an area including India - will be the next biggest emerging market as it will see an increase of 27.9 per cent.
This trend continues in other emerging nations such as Mexico - which is set for a 23.1 per cent CAGR - and Brazil where wireless-based CCTV will grow by 17.4 per cent.
It is not only the declining costs of CCTV systems that are driving the growth of IP-based systems. Indeed, in developed countries it is the ease of use and additional benefits of a wirelessly integrated security system that is making many firms upgrade their existing video surveillance infrastructure.
Not only will security staff be able to operate the whole CCTV network from the same dashboard as their other safeguards such as door access systems or fire controls, but the CCTV can be programmed to work in conjunction with the rest of the security on site.
For instance, cameras can be made to automatically zoom in when a door is opened or set to record on specific triggers recorded by other security monitors. Digital CCTV can even be used in other operational capacities such as monitoring footfall and video analytics.
Even if a firm has an older analogue CCTV system, the upgrade to IP cameras is a relatively simple one thanks to the development of fibre-optic and coaxial media convertors.
With so many reasons to adopt the newer technology, it is little surprise that the market is set for such a large expansion.