|IP/Networked Video Surveillance Market Grows 48% in 2007, according to MultiMedia Intelligence|
SCOTTSDALE, Ariz., April 22, 2008â€”MultiMedia Intelligence reports that the market for IP/Networked video surveillance cameras grew nearly 50% in 2007, to approach $500 million worldwide. This growth is nearly four times the growth rate of the broader video surveillance equipment market, which also includes CCTV cameras, Digital Video Recorders (DVRs) and Network Video Recorders (NVRs), and IP Encoder/Streamers.
While IP/networked video surveillance camera units and revenue are growing rapidly, they remain a small percentage of the overall surveillance market. The outlook for continued growth of IP/Networked video surveillance is strong. However, the barriers to it overtaking traditional CCTV surveillance will prove enduring.
â€œThe transition from traditional CCTV surveillance to networked digital surveillance is revolutionary for the physical security industry, according to Mark Kirstein, President of MultiMedia Intelligence. â€œYet this transition is also seen as over-hyped and under-performing compared to many expectations. Both are true.â€
MultiMedia Intelligenceâ€™s new research also found:
â€œInternet Protocol (IP)/Networked Video Surveillance Market: Equipment, Technology & Semiconductorsâ€ analyzes the IP/Networked surveillance market within the context of the broader video surveillance industry. The research examines the value chain from end-users to distribution/sales, integrators, equipment manufacturers, software vendors, and semiconductor providers. Our expertise is based on years of researching the physical security, digital camera and semiconductor markets. The report forecasts and segments markets by product category, including CCTV & IP cameras, Encoder/Streamers, DVR/NVR, and surveillance software & video content analytics. In addition, detailed technology segmentation and forecasts are included for semiconductors in each product category, video signal processors & codecs, image sensors (CMOS/CCD), camera resolution, and network interfaces (PoE, Wi-Fi/Mesh, others). Forecasts include units, revenue, ASPs at the equipment, software and semiconductor level by product type. About MultiMedia IntelligenceMultiMedia Intelligence provides actionable intelligence on the markets and technologies for delivering IP video to the Nth screen. With a broad "ecosystem-based" perspective that moves beyond the classic 'three screens' of TVs, mobile handsets, and computers, we identify the opportunities in enabling and monetizing digital media on a multi-platform, multi-network basis.