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Rapid Uptake of IP Surveillance in North America Fuelled by its Growing Advantages - New analysis from Frost & Sullivan, North American IP Video Surveillance Storage Markets, reveals that the market earned revenues of $1.26 billion in 2006 and estimates this to reach $2.95 billion in 2013
Rapid Uptake of IP Surveillance in North America Fuelled by its Growing Advantages

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/07/31 - New analysis from Frost & Sullivan, North American IP Video Surveillance Storage Markets, reveals that the market earned revenues of $1.26 billion in 2006 and estimates this to reach $2.95 billion in 2013.

   
 
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The advantages of digital technology in analyzing and providing real time feedback will likely fuel the IP video surveillance storage systems market. In addition to growing security concerns, the possibility of integration with the IT infrastructure provides the necessary business case for security managers to shift from analog to IP surveillance.

New analysis from Frost & Sullivan (autoID.frost.com), North American IP Video Surveillance Storage Markets, reveals that the market earned revenues of $1.26 billion in 2006 and estimates this to reach $2.95 billion in 2013.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the North American IP Video Surveillance Storage Markets, then send an email to Sara Villarruel - Corporate Communications at sara.villarruel[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.

“The falling prices of hard disk drives (HDDs) as well as increasing demand from government and gaming sectors as they replace analog systems with IP surveillance drives this market,” says Frost & Sullivan Research Analyst George C Paul. “Further, the advent of Serial Advanced Technology Attachment (SATA) used for transferring data between hard disk and computer makes IP video surveillance storage systems relatively less complex.”

However, the cost of replacing an existing analog system with an IP surveillance system includes the replacement of cameras, network, servers, recorders and monitoring stations, which represents a major cost for end users. Additionally, applications such as casino gaming tables, can only operate with continuous video monitoring. Therefore, in order to prevent revenue loss, casinos require “hot swapping” wherein the analog surveillance system is replaced in stages by the IP system. Both systems run in parallel until the IP surveillance is ready to take over.

“The challenge for the IP video surveillance storage market is to develop solutions targeting particular applications, with the right balance of flexibility, security and cost,” notes Paul. “For instance, intermediate technologies such as encoders can be used to convert analog to digital before setting up IP storage systems so that when the transition from analog to digital takes place, the cost does not seem prohibitive.”

Nonetheless, active public and private security concerns in recent times propel heavy investments in the IP video surveillance storage market. Continuing demand from casinos, airports, banks, and hospitals also bodes well for the IP video surveillance storage market.

North American IP Video Surveillance Storage Markets is part of the Automatic Identification & Security Growth Partnership Service. This program includes research in the following: world silicon chip finger print market, world biometrics market, North American RFID tags market, North American IP video surveillance storage market, analysis of RFID adoption and workforce issues in North America, RFID adoption trends in the Asia Pacific automotive market, world hand geometry market, European RFID middleware market, and world RFID middleware market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership service, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Rapid Uptake of IP Surveillance in North America Fuelled by its Growing Advantages

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Publisher Contact: Sara Villarruel 
210.477.8448 sara.villarruel[.]frost.com
 
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