Wireless for security poised for growth
IMS Research predicts that the global market for wireless infrastructure gear used for video surveillance applications is likely to more than double from 2011 to 2016.
Global revenue will increase from US$274 million in 2011 to US$705 million in 2017 in part due to a growing demand for low-cost systems in countries like India and China, according to a report from IMS (now part of IHS Inc.). In 2012 alone, global revenues increased 11 per cent.
“Offering a relatively inexpensive solution compared to trenching cable, wireless infrastructure delivers a low-cost option for those who want to establish surveillance networks,” said Josh Woodhouse, video surveillance analyst, in a statement. “In regions with widespread existing video surveillance infrastructure, such as the United States or the United Kingdom, the adoption of wireless infrastructure for video surveillance is growing steadily. However, emerging regions that lack such infrastructure will generate the strongest growth in the world, causing the market for video surveillance wireless infrastructure gear to boom during the coming years.”
Cisco Systems led the market for wireless gear for video surveillance in 2012 with an 11.7 per cent share of global revenue, according to the research firm.