Video Surveillance Market Predicted to Recover

IMS Research's latest report, "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 over 9% 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," states report author and IMS Research analyst Gary Wong. The impact of the downturn was more profound in the analogue video surveillance equipment market than in the network video surveillance market; end-user verticals that are analogue-centric were among the most heavily affected by the downturn. The accelerated adoption of network video surveillance solutions further impacted the sales of analogue video surveillance equipment in 2009.

Wong continues, "the global analogue video surveillance market is forecast to have contracted by more than 5% in 2009, whilst the network video surveillance market grew by more than 18%." 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 high definition (HD) network cameras and the increasing adoption of open standards (e.g. ONVIF/PSIA) are expected to further accelerate the migration towards network video surveillance.

Conversely, the market for analogue 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, analogue 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 analogue video surveillance products is expected to become increasingly commoditised.

IMS Research's recently published report, "The World Market for CCTV and Video Surveillance Equipment - 2010 edition" forecasts the growth of analogue video surveillance equipment, network video surveillance equipment and other relevant topics in greater detail. IMS Research also produces a number of region specific reports providing incisive and detailed analysis for the Chinese, Eastern European, Latin American and Middle Eastern markets for CCTV and video surveillance equipment.