RNCOS foresees 40 percent annual growth in IP video surveillance market
Research firm calculates a present market size of $227 million expanding to $12 billion by 1010; servers and cameras to lead the way; report also details biometrics and smart card industries
We do not need a high tech camera to see the future of the IP video surveillance market. According to a new report by market research firm RNCOS, the industry is bustling forward with a growth rate of 39.6 percent. “The total market size for IP based CCTV reached about $227 million in 2005 as compared to $159 million in the year 2004. It is expected to grow at a CAGR of 39.6 percent within the next five years. In 2010, global IP based CCTV market size will reach to almost $12 billion.” RNCOS also predicts that by 2010 the market for IP surveillance servers and cameras will reach $1.3 and $3.9 billion respectively.
The full report, “Access Control Technologies and Market Forecast World Over”, also includes data on market shares of biometric systems (on the basis of size, sales and geographical locations), the growth of smart cards usage and its advantages, customer behavior towards access control market, and a listing of the top local players of access control market. The report costs $1600 and can be purchased at the RNCOS Web site.
-read more in this Security Info Watch reportl; purchase the report at this company Web site
