Global Video Surveillance Market to Grow 80 Percent by 2017

Thursday - 03/12/2015 06:44
Global Video Surveillance Market to Grow 80 Percent by 2017 Good news for the security industry: According to a new report from market research firm IMS Research, the global video surveillance market is expected to grow from $12.6 billion in 2012
Global Video Surveillance Market to Grow 80 Percent by 2017

Good news for the security industry: According to a new report from market research firm IMS Research, the global video surveillance market is expected to grow from $12.6 billion in 2012 to $23.2 billion in 2017. That’s a more than 80 percent increase in the next five years — and a sure sign of even more growth to come.

IMS is also forecasting network video equipment to account for 57 percent of the $23-billion global surveillance market by 2017. As more end users move from analog to IP and demand greater capabilities like remote access and video analytics, this figure will only continue to grow.

Meanwhile, the North American surveillance market will double by 2017, from $5 billion to $10 billion, IMS estimates. This growth is fueled in part by a burgeoning number of municipal deployments, as well as continuing growth in the education, retail, healthcare and transportation sectors.

As network video surveillance expands throughout the world, the need for reliable, cost-effective storage becomes increasingly clear. As users grow their networks, invest in higher-resolution cameras and lengthen video retention times, “smart” storage becomes even more necessary, rather than simply adding conventional physical servers and storage. Appliances that incorporate virtualization  —yes, such as Pivot3’s — can cut a user’s power and cooling requirements by 40%, which immediately saves money and resources.

The next five years will see strong, steady growth for the video surveillance market. As surveillance technology continues to evolve, advanced appliances such as the Pivot3 vSTAC® Watch will help to keep costs in check while also providing the most reliable and scalable storage solution for today’s security deployments.

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