CCTV Surveillance Camera Market set to Grow by 9.3% in 2019
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The CCTV Surveillance Camera Market is set to expand by 9.3% in 2019 to $19.9 billion driven by demand for improvements in security, public safety and business intelligence, a recent market research report by IHS Markit has been able to suggest.
This development follows 9.3% growth in 2017 and an 8.7% expansion in 2018. This three-year growth spurt comes after weaker growth of 3.9% in 2016 and 1.9% in 2015.
“On the public side, governments are investing in video surveillance equipment to enhance citizen safety and to equip smart city projects. In the private sector, companies are adding video surveillance gear to combat crime and to gather new types of business intelligence,” says HIS analyst Jon Cropley.
In addition to various types of cameras, the professional video surveillance equipment market includes a range of other products, such as recorders, analytics appliances and video management software.
China is driving the market. In 2018, the country accounted for nearly half of the global business, with 45% of worldwide revenue.
China’s market expanded by 13.5% last year. Excluding China, the global market grew by just 5%.
Although it remains fragmented compared with many other markets, the supply base for professional video surveillance equipment is gradually becoming more concentrated. The top 15 vendors accounted 65% of global revenue in 2018, compared to 52% in 2014.
The surveillance market is also shifting toward the use of network cameras, which are cameras that have their own internet protocol (IP) address and built-in wired or wireless network capabilities. A total of 70% of all security cameras shipped in 2018 were network cameras.
CCTV SURVEILLANCE – TOP UK SUPPLIER AND INSTALLATION CONTRACTOR OF DIGITAL CCTV SYSTEMS
One of the key elements enabling Stoke-on-Trent City Council to reduce security costs was remote monitoring.
At CCTV Surveillance, we can offer you this service. We have seen it save countless customers money just like the council due to less staff being needed on patrol and lower insurance costs.
The CCTV Surveillance monitoring centre is staffed 24/7 all year round by highly trained operators, all of whom share a passion for security. They can take immediate action on the video footage that they are alerted to, either by using the intercom link to warn away offenders or calling the police and specified keyholders.
Our top-range systems use the latest digital technology to provide real time viewing and control of cameras via a broadband connection. For further security and information gathering we can provide you with facial recognition software (including a revolutionary rapid deployment kit) and automatic number-plate recognition.
We provide several other security services as well as remote monitoring, such as our System Takeover, where we can take on the time and responsibility of running and maintaining your existing security system for you. All of our CCTV systems can also integrate with our access control systems. For example, this could allow the automatic opening or barring of doors if a certain person is picked up on the cameras.
If you are worried about the security of your premises, we can perform an in-depth assessment with a full spectrum penetration test which replicates real-life threats – everything from social engineering to lock picking and getting past alarms. We can also provide a smaller physical penetration-only test. If you want to reduce security costs today, please contact us on firstname.lastname@example.org or ring 01480 223955.