London, 10 November 2014 – Concerns over safety and security are contributing to a CAGR of 15.46 percent from 2014-2018 in the Global CCTV Cameras Market, says research firm TechNavio.
About the Report
The new report from TechNavio highlights the growing use of CCTV cameras with IP technology.
These network cameras are integrated with both analog and digital technologies. IP technology comes with advanced functions like remote access, which eliminates the need for expensive dedicated cabling and is capable of motion detection and tampering detection.
“IP-based surveillance technology is relatively new to the market and its adoption in video surveillance is expected to increase quickly because of its ease of use and high flexibility. These kind of surveillance devices have enhanced features that enable multiple users in different locations to monitor various places through internet connectivity,” says Faisal Ghaus, Vice President of TechNavio.
Currently, the surveillance industry tends to rely on digital video recorder (DVR) and network video recorder (NVR) technology to record footage captured by CCTV cameras. However, IP SAN is gaining momentum over DVRs and NVRs for storage, as it stores information in the cloud, thereby offering better storage capacity.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Rise in Concerns over Security and Safety
- For a full detailed list, view our report.
Market Challenges:
- Privacy Concerns
- For a full detailed list, view our report.
Market Trends:
- Usage of CCTV Cameras with IP Technology
- For a full detailed list, view our report.
Key Vendors:
- Bosch Security Systems Ltd.
- Honeywell International Inc.
- Mitsubishi Electric Corp.
- Schneider Electric SA
Other Prominent Vendors:
- ADT Fire & Security
- Baxall
- Checkpoint Systems
- JVC
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
