As analogue still holds a majority share of the shipment, the lack of competency and push from the traditional distribution channel make it harder for IP manufacturers to reach the market. However, IP is witnessing resurgence with users acknowledging its benefits of enhanced image quality and detail offered by megapixel and high-definition cameras and its use of the existing IP infrastructure.
New analysis from Frost & Sullivan (autoid.frost.com), European Video Surveillance Cameras Market, finds that the market earned revenues of $765.0 million in 2009 and estimates this to reach $954.9 million by 2015. The market sectors in the study are based on product type, by geographical regions, by application and by industries.
There has been a marked preference for IP-based surveillance over analogue cameras, as end users have become increasingly aware of the need for high-quality security and surveillance to prevent crime, vandalism and ensure the cost-efficient use of guards.
"Video surveillance solutions are becoming a norm in most security installations," says Frost & Sullivan Senior Research Analyst Archana Rao. "In addition, advanced integration and remote monitoring capabilities combined with falling prices is positioning surveillance as an affordable solution in security as well as non-security applications."
Camera components have taken considerable strides in recent years to make surveillance cameras more technologically sophisticated, feature-rich and affordable to all end users. IP technology's advanced integration with other systems has elevated surveillance from being a reactive tool to a pro-active security solution, offering cost savings on resources and time required to retrieve data for meaningful analyses.
With the influx of IT companies, security industry landscape has transformed itself to the fast changing and complex world of networking and higher resolution images that offer vast amounts of information for business-intelligent purposes.
While the supply side has evolved, the lack of IT and security-based knowledge among traditional security and IT distributors respectively, has created a disparity between supply and demand.
"While forming the right business partnerships to complement security and IT know-how is important, educating channel partners and end users on the benefits of IP is critical for bridging the gap between supply and demand," notes Rao.
If you are interested in more information on this study or would like to receive a complimentary presentation from the analyst briefing on High Resolution Video Surveillance Cameras Market, please send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com, with your full name, company name, job title and contact details.
European Video Surveillance Cameras Market is part of the Automatic Identification & Security Growth Partnership Services programme, which also includes research in the following markets: Analysis of Video Analytics Applications in the EMEA Market, European Security Convergence Market, EMEA Biometrics Market, Opportunities in the World Mobile Video Surveillance Market, and others. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
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European Video Surveillance Cameras Market / M507-11