NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2007/11/01 - With enhanced technology and advanced IP-based CCTV systems, the electronic surveillance industry will witness a remarkable growth in future, says RNCOS report.
According to a recent report "Global Electronic Surveillance Market Outlook" on the worldwide electronic surveillance industry, published by the leading market research company RNCOS, the global CCTV/Video surveillance market is anticipated to rise at a CAGR of 12.4% for the period spanning from 2005 to 2008. The report highlights superior features, technological enhancement, and development of IP-based CCTV systems as the forces stimulating the electronic surveillance industry.
The RNCOS report says that the CCTV industry will continue to experience strong growth in near future and the IP video surveillance systems market will also post significant gains beyond expectations. The report further states that the IP-based CCTV markets increased by 112.28% from 2005 to 2006 while the global conventional CCTV market grew by 10.66% as compared to 2005.
This market trend suggests that there is a significant upward movement in the IP-based CCTV camera demand in comparison to the demand for traditional CCTV cameras. The primary reason behind this remarkable growth is the capability to monitor the video surveillance systems or CCTVs through the Internet or over Internet Protocol.
As per RNCOS research, the biggest advantage of using the electronic surveillance technology is that it uses software-enabled electronic surveillance products as the central front-end for entire security systems ensuring complete safety and security. Moreover, IP-based CCTV is capable to utilize network infrastructure, delivering sufficient bandwidth and giving scope for routing and switching, instead of coaxial cabling. The report thus reflects the vast opportunities for the dealers who offer network and infrastructure services in computers and networks, networking hardware, LAN and WAN, Virtual Private Networking (VPN) etc.
“Global Electronic Surveillance Market Outlook” provides a detailed and updated overview on the global electronic surveillance industry identifying the areas stimulating the market to grow along with future prospects of the industry worldwide.
As the report presents a global perspective of the electronic surveillance industry, it also covers countries like China, US, Thailand, Turkey, France, UK, Brazil, India, and Russia among others and systematically evaluates the areas that will show substantial growth on national as well as international level.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.