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IFSEC Global India Correspondent, IFSEC Global

December 19, 2014

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State of Physical Access Trend Report 2024

Consumer video surveillance market forecast to reach $1bn USD in 2014

In 2014, the global market size will top $1 billion USD for the first time with the US accounting for almost 65 percent of total revenue.

IHS..

The consumer and DIY video surveillance equipment market includes all equipment sold through in-store and online retail channels.

The world market is still fairly evenly split between analogue and network technologies. A large portion of end-users still purchase an analogue video surveillance bundle consisting of cameras and a DVR purchased from a retailer.

Now, high resolution alternatives utilizing HD TVI, HD CVI and AHD technologies are becoming available, offering up to full 1080p resolution. These will prove very popular in the consumer market.

Unit shipments are forecast to grow rapidly over the next two years as this equipment is increasingly selected in preference to standard definition analogue bundles..

Standard definition analogue bundles will be largely preferred by price-conscious consumers as an entry level system.

Sighting a positive growth in the  global consumer video surveillance market, IHS  also predicts that over 11 million consumer and DIY network cameras will be shipped worldwide in 2015.

These cameras are designed for consumers to operate as a standalone surveillance system without the need for separate recording hardware by utilising cloud or edge storage.

IHS sees a greater proportion of cameras shipped offering smart home functionality with the potential to connect with third-party or same branded smart home systems.

Video surveillance cameras in the smart home are taking a more prominent role with remote viewing functionalities which make them make them great for general monitoring.

Most systems are motion alert capable and end-users can watch the live or recorded video on their smartphone or tablet, checking if the kids are home from school, or whether their pets are okay.

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