In the wake of security threats and the technological evolution, the worldwide video surveillance equipment market has grown rapidly in recent years. According to market surveys and predictions from IHS Technology, the video surveillance equipment market has expanded at a double-digit rate in most years during the past decade and will continue to grow by more than 12 percent this year (2014) from $14.1 billion in 2013 to $15.9 billion.
One of the factors driving the surveillance market is the entrance of Intelligent Video Analytics (IVA). MarketsandMarkets predicted in its Worldwide Market Forecasts & Analysis (2012-2017) that IVA would be the
fastest growing technology segment of the surveillance (IT) sector in the next three to five years. The report expects the IVA market to reach $867.8 million by 2017, up from $180 million in 2011, with an increasing CAGR of 30.4% from 2012 to 2017.
Every security surveillance system requires considerable capital investment. When the market is experiencing a paradigm shift, decision-makers involved in surveillance system deployment will have to consider whether the system they are choosing will cater to their future needs, whether the system can be easily upgraded and expanded, and what the costs are for upgrading.
This paper contains some ideas to assist in selection of a field-end system to meet the needs of next-generation digital security surveillance (DSS) solutions.