London, 20 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the security systems market in Russia 2015-2019, which is expected to grow at a CAGR of 13.27% during the forecast period of 2014-2019.
Increasing awareness among various business sectors of the necessity to introduce a perimeter security for critical infrastructures is expected to bolster the prospects for growth in this market. This helps to avoid instances of identity thefts and also helps to prevent global terrorist attacks. Recent government initiatives that regulate the usage of perimeter security solutions for critical infrastructures also aid in increasing the demand for security systems in Russia.
“Video analytics is a process that analyzes video to help to understand the behavioral patterns of a person. This may help in the prevention of a number of attacks on critical infrastructures. Video analytics may also include video motion detection, which helps in the detection of movement at sensitive areas,” says Faisal Ghaus, Vice President of Technavio.
“This has a high level of accuracy and minimizes nuisance alarms and the overall costs involved. The cameras are stabilized, and they filter the movements of trees, leaves, and water reflections. Video analytics is used in a number of areas, including retail, government, and defense.”
Key Market Drivers:
- Increased Domestic and International Security Threats.
- Technological Advances of Products.
- High Adoption in Retail Sector.
- Increased Demand from Corporate Sector.
Key Market Trends:
- Adoption of Cloud-based Video Surveillance Systems.
- Shift toward IP-video Surveillance Systems.
- Emergence of Video Analytics.
- Need for Customized Solutions.
Key Market Vendors:
- Axis Communications AB
- Bosch Security Systems
- Cisco Systems Inc.
- Honeywell Security Group
- NICE Systems Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
