A new report from IMS Research, now part of IHS, predicted the global market for electronic security equipment for surveillance applications will grow at a compound annual rate of 17.8 per cent from 2012 to 2017.
By 2017, the worldwide wireless infrastructure and CCTV video surveillance equipment market will total $3.2 billion, up from $1.4 billion in 2012.
The ‘Vertical Insights – Video Surveillance and Security in City Surveillance – World – 2013 Edition’ report correlated feedback from experts within the city surveillance market to explore the threats that cities face and success factors in surveillance projects.
Cities around the globe continue to face a wide variety of threats. These include civil unrest, such as that seen in Istanbul, and terrorist attacks like the Boston marathon bombings.
Video surveillance systems offer police departments valuable assistance in crime-fighting and play an integral part in efficient responses following a crisis event.
Paul Bremner, market analyst for Safe Cities and Security Services at IHS, said a “key requirement” of any city video surveillance system is to “provide clear, useable images so that police departments can conduct effective investigations when needed”.
He pointed out that the trend for mobile surveillance, pushing streams to individuals or organisations across the city, means it is now as important to police departments as fast network access.
Bremner said: “For cities the focus has shifted from basic surveillance needs toward mobile surveillance.
“Emerging technology can send the video to police officers on the street, streaming that video directly to the smartphones or laptops in their patrol cars. Such mobile surveillance technology will act as a force multiplier for the officers on the ground.”