Video Surveillance Software $160 Million in 2004, to Reach $700 Million in 5-6 Years

The installation of video surveillance software helps buyers to save on costs by recruiting lesser workforce that would be deployed to monitor. The cost thus saved happens every time there is a use of this software. Moreover, it is more reliable and has remote accession facilities.

According to a recent market research report, "Access Control Technologies and Market Forecast World Over [2007]" published by RNCOS, the assessment shows that revenues from sale of video surveillance will become four fold to $700 m by the next 5-6 years as against $160 m in 2004. This dramatic rise will be due to the usage of the Internet as a mode of surveillance with cheap CMOS cameras. The report further says that the video surveillance market has been especially steady in its growth in the US and is expected to continue till 2006. This market alone in US is expected to earn worth $1 billion.

Vendors need to explore the market segments in terms of participation, evaluation of investment and installation, so that they are able to weigh the market prospects and gain greater profits. For the end-user who has a network installation, use of video surveillance is worthwhile, as it requires no further investment for setting up a new network.
RNCOS