BRICs bolster global video surveillance market growth in 2012

IMS Research has just published the ninth edition of its World Market for CCTV and Video Surveillance Equipment report. The 2012 edition forecasts that despite the weak and uncertain economic climate, the world market for video surveillance equipment will grow in excess of 12% in 2012.

05/21/2012


IMS Research, recently acquired by IHS Inc., has just published the ninth edition of its World Market for CCTV and Video Surveillance Equipment report. The 2012 edition forecasts that despite the weak and uncertain economic climate, the world market for video surveillance equipment will grow in excess of 12% in 2012.

Senior Analyst and report author, Gary Wong, states; “Western Europe is projected to be the largest drag factor impacting global market growth in 2012. The Eurozone debt crisis is expected to depress growth in Western Europe as austerity measures continue to be implemented and a lack of end-user confidence limits video surveillance equipment spend. Spain, Italy and Greece are forecast to be the three slowest growing European markets for video surveillance equipment in 2012.”

Despite the dampening effect of the Eurozone debt crisis, strong growth is forecast for the global video surveillance equipment market in 2012. Wong states, “The global market will be driven by strong demand for video surveillance equipment in the BRIC (Brazil, Russia, India and China) countries.” Infrastructure development in advance of major sporting events in Brazil and a heavy focus on city surveillance in China, India and Russia will be key drivers for growth in these countries. Currently the BRIC market is estimated to represent approximately 30% of global video surveillance spend. This is projected to increase to more than 40% of global spend in 2016. Whilst only low single digit growth is forecast for some of the more established markets for video surveillance equipment,  the aggregate BRIC market is forecast to grow in excess of 20% in 2012 (year-on-year)”.

Rapidly increasing traction for network video surveillance equipment in the BRIC countries is forecast to lead to an acceleration to the tipping point, when network video sales will overtake analogue CCTV sales. IMS Research forecasts that the world market for video surveillance equipment will tip in favour of network video in 2013.

IMS Research’s recently published report, The World Market for CCTV and Video Surveillance Equipment - 2012 Editionforecasts the growth of analogue video surveillance equipment, network video surveillance equipment, HD over Coax video surveillance equipment and other relevant topic in greater detail. IMS Research also produces a number of detailed regional focused CCTV and video surveillance equipment reports providing incisive analysis for the following countries/regions: China, Eastern Europe and Russia, Latin America, India and the Middle East.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
Save energy with automation; Process control system upgrades; Dispelling controll myths; Time-sensitive networking; Control system integration; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
click me