Security Systems News

AUG 2018

Security Systems News is a monthly business newspaper that reaches 25,100 security installers, product distributors, central stations, engineers & architects, and security consultants. Our editorial coverage focuses on breaking news in all major se

Issue link:

Contents of this Issue


Page 19 of 44

s EC u RI t Y s Y st EM s NEW s august 2018 Commer C ial & systems integrators 15 MADE FOR EDUCATION Find out how Hikvision TurboHD™ analog camera and DVR solutions are protecting future leaders. Visit for more information. Hikvision. It's Essential. Video surveillance equipment market growing By Paul Ragusa L O N D O N — G r o w t h i n t h e global professional video sur- veillance equipment market accelerated in 2017, and is fore- casted to continue growing in 2018, accord- ing the latest I H S M a r k i t research. The world m a r k e t f o r professional video surveil- lance equip- ment grew by 9.3 percent in 2017, IHS found, a much higher rate of growth than in 2016 (3.9 percent) and 2015 (1.9 percent). "Increased government spend- ing on equipment to fight crime and terrorism was a major factor in this growth, as was private sector spending on replacing equipment in retail and commer- cial installations," Jon Cropley, senior principal analyst, video surveillance, IHS Markit, said in a summary of the study. Increasing demand for secu- rity cameras is expected in 2018, he said, but a slightly lower level of price erosion is also forecast. The combination of these factors will lead to 10.2 percent growth in the video surveillance equip- ment market, which will reach $18.5 billion in 2018, IHS noted. Global demand for security cameras grew rapidly in 2017, but average prices continued to fall. "Nevertheless, revenue grew in most countries," said Cropley. "Two of the fastest-growing country markets were Brazil and India. A major factor behind the growth in both countries was increased spending by private retail and commercial organiza- tions on HD CCTV systems used to prevent crime." Accounting for 44 percent of all global revenue, the Chinese professional video surveillance equipment market grew by 14.7 percent, while the world market excluding China grew just 5.5 percent. "One major reason for the higher growth in China was the government's Xue Liang program driving investment in both city surveillance projects and extending city surveillance systems into surrounding rural areas," Cropley noted. Other key findings include: • Although it remains highly fragmented compared to many other markets, the supply base for professional video surveil- lance equipment is gradually becoming more concentrated. The top 15 vendors accounted for 62 percent of global revenue in 2017. • Overall, 62 percent of all security cameras shipped in 2017 were network cameras. • D e e p - l e a r n i n g - e n a b l e d recorders and servers, a new c a t e g o r y t h i s y e a r, a r e a n important element in powering what many expect to be the next generation of video analytics using artificial intelligence. They accounted for just 1 per- cent of global market revenues in 2017. SSN Jon Cropley World market for professional video surveillance equipment grew by nearly 10 percent in 2017, up from past years "Increased government spending on equipment to fight crime and terrorism was a major factor in this growth." —Jon Cropley, IH s Markit

Articles in this issue

Links on this page

Archives of this issue

view archives of Security Systems News - AUG 2018