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Public and Private Security Concerns Spur Growth in the Digital Video Surveillance Systems Market, Observes Frost & Sullivan

Posted on: Tuesday, 15 September 2009, 08:00 CDT

MOUNTAIN VIEW, Calif., Sept. 15 /PRNewswire/ -- The digital video surveillance systems market exhibits significant growth, driven by heightened public and private security concerns in addition to a technology shift. The security industry is experiencing convergence as information technology slowly and gradually transitions to Internet protocol (IP)-based video surveillance systems. Apart from the shift to IP-based surveillance systems, another technology, video analytics is rapidly advancing surveillance systems.

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New analysis from Frost & Sullivan (http://www.technicalinsights.frost.com), Advances in Digital Video Surveillance and Optical Security Systems, finds that surveillance systems are becoming smarter and more sophisticated while still being easy to use or, in some cases, even easier to use than that was earlier possible. Apart from critical applications such as aerospace & defense and homeland security, it is now common to have surveillance systems installed in companies, schools, malls, and several other places, where the main objective is to have stringent security. Additionally, the retail industry is leveraging video surveillance technologies as a business intelligence tool.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, send an e-mail to David Escalante, Corporate Communications, at descalante_ti@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

"The world is witnessing an escalation of grave terror attacks as well as threats, increasing the urgency to develop reliable and secure defense mechanisms," notes Technical Insights Research Analyst Avanti Chitnis. "Video surveillance has proved to be an effective crime deterrent and is being globally adopted by security and law enforcement agencies."

Increasing security budgets for government and private sector organizations will be paralleled by exponential growth in the number of cameras being deployed. The digital video surveillance systems market is set to grow rapidly, not only in terms of technological advances, but also in the adoption of new applications.

Unmanned aerial vehicles (UAVs), an effective method for collecting vital information, have been employed for over a decade to perform video surveillance for defense & homeland security applications. The need for intelligence, surveillance, and reconnaissance is a major factor driving the growth of the global unmanned aerial systems market.

"Future enhancements in remote sensing include improved accuracy, resolution, timeliness, and convenience of remotely sensed data to render such data more readily available for diverse areas of interest," remarks Chitnis. "Research initiatives underway globally range from image compression, data fusion, and image processing to 3D vision, remote sensing, object detection, and video analysis."

Although video surveillance provides security, the use of such systems has resulted in a significant amount of concern regarding the violation of privacy by such cameras.

There is a growing trend of integrating video surveillance solutions with access control, intrusion detection technologies, home automation systems, and fire and safety applications, which promotes the adoption of video surveillance systems. The security market remains highly competitive and price sensitive with an intensifying level of competition from small vendors and large market participants.

"Competitive factors that should be considered by companies include the ability to integrate products into a complete solution and innovation and differentiation from competitors," concludes Chitnis. "Additionally, a proven record of accomplishment in alleviating surveillance systems and strategic partnerships with various layers of the value chain should also be focused on."

Advances in Digital Video Surveillance and Optical Security Systems, a part of the Technical Insights subscription, provides a technology overview and outlook for digital video surveillance technology. The study covers an in-depth overview of the technological advances that are taking place in the video surveillance arena. Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.

Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Advances in Digital Video Surveillance and Optical Security Systems

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Contact: David Escalante Corporate Communications P: 210.477.8427 F: 210.348.1003 E: descalante_ti@frost.com http://www.frost.com http://www.technicalinsights.frost.com

SOURCE Frost & Sullivan

Source: PR Newswire

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