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Palo Alto, CA, United States, 2007/05/15 - Recently, Frost & Sullivan completed an Executive Profile of LenSec, LLC which reveals that the overall IP surveillance market earned revenues of $635 million in 2006 and expects this to reach $2.11 billion in 2009.
Explosive growth characterizes the networked video surveillance (IP surveillance) hardware market. Fuelled by increased security concerns among local government and educational institutions, the demand for video surveillance systems continues to soar.
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Local government agencies and educational institutions remain a favorable target for the IP surveillance market. The need for security and the desire to utilize existing infrastructure motivates educational institutions to adopt IP-based video surveillance systems.
Safety and security represent the main concerns for local government and educational establishments. Increased instances of reported crime and vandalism contribute to the need for surveillance. Additionally, safeguarding high-cost assets against loss or damage remains a critical issue.
In order to optimize emergency response and threat identification, IP- based video surveillance systems need to integrate enterprise class security and facility systems. LenSec's video surveillance solution provides Internet browser access, with password authorization, to real-time full-motion or still images. This flexibility will enable LenSec to capitalize on the anticipated growth in the networked video surveillance market. The company has achieved best in class status due to its understanding of the unique challenges that local government and schools face in securing their facilities.
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