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Palo Alto, CA, United States, 2006/07/05 - New analysis from Frost & Sullivan World Internet Protocol (IP) Surveillance Markets, earned revenues of $435.8 million in 2005 and estimates to reach $6.48 billion in 2012..
Need for remote accessibility of real time data expands the market for IP surveillance solutions. Compilation and accessibility of real time data has been the greatest challenge among the end-users in conducting their business operations. This challenge is significantly translating into better market opportunities for the surveillance industry.
New analysis from Frost & Sullivan World Internet Protocol (IP) Surveillance Markets, earned revenues of $435.8 million in 2005 and estimates to reach $6.48 billion in 2012.
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“IP surveillance system facilitates remote accessibility of real time data, which is the greatest differentiating factor with respect to conventional systems,” says Frost & Sullivan Research Analyst Sathya Durga. “Through this feature any video data which may be live or recorded can be accessed from any location in the world through network systems.”
The need for IT integration challenges the growth of IP surveillance market due to the requirement for a network facility for IP surveillance. The security department managed traditional surveillance systems. However, the IP surveillance systems furthermore require the IT department to work on it. This demands for effective integration of IT and security departments.
“Effective integration of the security and IT departments is essential for effective implementation of IP surveillance system,” says Durga. “Training the IT department with respect to their roles in implementing the IP surveillance system is highly essential. Training with respect to various aspects such as security precautions, network links and quality of service is highly essential.”
The market participants have been pro-active in designing IP cameras. IP cameras are combined with temperature sensors, fluid detectors, door sensors and other specifications as required by the end-users. These sensors and detectors are programmed to alert the user during undesirable situations, such as equipment failure caused due to exposure to heat, humidity and so on. The functionality is customized to the extent that the user can choose the mode of the alert, which may be through email, telephone or pager. This enables the end-user to have a proactive approach in risk handling.
World IP Surveillance Markets is part of the Automatic Identification and Security subscription, which also includes research in the following markets: World Video Surveillance Software Markets and World Video Surveillance Equipments Markets. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.
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 services, 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.
World IP Surveillance Markets