View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

Global video surveillance market to grow 12% in 2012: report

Strong demand in BRIC nations will push the market up

By CBR Staff Writer

Worldwide market for video surveillance equipment will grow more than 12% in 2012 despite the weak and uncertain economic environment, according to IMS Research.

Western Europe, however, is projected to be the biggest drag factor that may impact global market growth for video surveillance in 2012, the report said.

IMS Research senior analyst and report author Gary Wong said 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," Wong added.

Wong said, "The global market will be driven by strong demand for video surveillance equipment in the BRIC (Brazil, Russia, India and China) countries."

The growth will be contributed by infrastructure development in advance of major sporting events in Brazil and a heavy focus on city surveillance in China, India and Russia.

The global video surveillance spend in 2016 is estimated to have 40% share from the BRIC market, which represent a 10% from the current 30%, whereas only low single digit growth is forecast for some of the more established markets.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Acceleration to the tipping point, when network video sales will overtake analogue CCTV sales, will be provided by rapidly increasing traction for network video surveillance equipment in the BRIC countries.

The world market for video surveillance equipment will tip in favour of network video in 2013, according to the report.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU