Security and access control solutions revenues to reach $15B globally in 2014
Revenues resulting from the sale of video surveillance equipment globally are expected to rise to $15 billion in 2014, up from $13.5 billion in 2013, the latest research from the IHS could reveal.
The market research firm pointed out that the world market for video surveillance equipment grew by almost seven percent last year and that the ongoing migration from analog to IP also accelerated, with revenues from network equipment being higher in all four major world regions analyzed (Americas, China, ASIA, and EMEA).
“IHS forecasts that the pace of transition will continue to be rapid in 2014 and 2015 before slowing slightly from 2016 onwards. In the next two years, a number of major vendors will continue focusing their efforts on their network equipment at the expense of analog,” said IHS Principal Analyst Jon Cropley.
In terms of revenues, the market for network cameras was much larger than the analog camera market in 2013. However, unit shipments of network cameras are not forecast to exceed those of analog cameras until later in the decade.
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