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Increasing Need for Security Drives Growth of Video Surveillance Software Market in North America - Terrorism and highly publicized domestic attacks have contributed to the increased awareness of security as a priority market. New analysis from Frost & Sullivan, reveals that the market earned revenues of $139.76 million in 2006
Increasing Need for Security Drives Growth of Video Surveillance Software Market in North America

 

PRZOOM - /newswire/ - Palo Alto, CA, United States, 2007/05/23 - Terrorism and highly publicized domestic attacks have contributed to the increased awareness of security as a priority market. New analysis from Frost & Sullivan, reveals that the market earned revenues of $139.76 million in 2006.

   
 
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Terrorism and highly publicized domestic attacks have contributed to the increased awareness of security as a priority market. Events such as the recent school violence in North America have called attention to the need for new video surveillance applications in transit, educational institutions, city centers, and border crossings. These security concerns currently drive the growth of the video surveillance software market.

New analysis from Frost & Sullivan (autoID.frost.com), North American Video Surveillance Software Markets, reveals that the market earned revenues of $139.76 million in 2006 and estimates this to reach $826.65 million in 2013.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the North American Video Surveillance Software Markets, send an email to Sara Villarruel, Corporate Communications, at sara.villarruel[.]frost.com with your full name, company name, title, telephone number, fax number, email, address, city, state, and country. We will send you the information via email upon receipt of the above information.

Bolstering homeland security with the latest access control and video surveillance technology has encouraged other application markets to improve their security solutions.

Lower cost hardware and improved detection capabilities of the latest video analytics software have led to the growth of IP surveillance. Additionally, the added advantage of integrating various security systems also drives the growth of the IP surveillance market.

“The convergence of security with the IT infrastructure is providing the necessary business case for security managers to shift from analog to IP surveillance,” notes Frost & Sullivan Senior Research Analyst George C. Paul. “This convergence not only reduces the cost of deployment, but also helps build a unified database that can increase interaction among the various security systems.”

The integration of security and IT has created a host of new products and has led to IP surveillance becoming the standard technology for most of the Greenfield security projects. New opportunities arise from the advantages of digital technology in analyzing and providing real time feedback for preventive action.

Advanced compression techniques have improved the quality of the images for lesser bandwidth requirements, thereby reducing the network cost to support IP cameras. In addition, the ease of integration with video analytics and low-cost server-based video management systems further demonstrates the advantages of IP surveillance. However, this convergence will not be easily achieved due to the differences in technologies between traditional security products and IP products. The restraint is more from educating the integrators and consultants rather than the actual technology.

“Hence, integrators, consultants, and vendors coming from the traditional security background must remain up to date with regard to the latest technologies in the IP surveillance market,” says Paul. “This can be achieved only through increased education and experience on live projects as well as pilots.”

In the past, live video feed was sent through coaxial cables and stored on a tape drive, or encoders would convert the feed and store it on digital video recorders (DVR). However, with the emergence of IP surveillance, video now transfers over transmission control protocol (TCP)/IP networks, and persons implementing these solutions must understand IT standards and technologies.

North American Video Surveillance Software Markets is part of the Automatic Identification and Security Growth Partnership Service, which includes research services in the following markets: world silicon chip fingerprint, world biometrics, North America RFID tags, North America IP video surveillance storage, North America encoders and video servers, integrated systems video surveillance and access control, and RFID adoption trends in the Asia Pacific automotive market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership service, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Increasing Need for Security Drives Growth of Video Surveillance Software Market in North America

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