Wi-Fi Research Service | Video Surveillance Systems
NEW YORK - October 8, 2008 Contact: Christine Gallen
Contact PR
www.abiresearch.com
Security is the best-known application of video surveillance, but by
no means the only one. Transportation systems and retail are both
promising markets for video surveillance, where its uses extend to
legal liability prevention, customer behavior analysis, and store
design.
Global spending on video surveillance for transportation markets will
jump from about $630 million in 2006 to a projected $2 billion in
2013, while retail will account for a spending rise from about $1
billion in 2006 to almost $4 billion in 2013. According to ABI
Research vice president Stan Schatt, "Transportation and retail
activities are found in every populated region, so video surveillance
markets in both segments are poised for terrific growth."
We have come to expect security-related video surveillance in
airports, but railways, buses, and port facilities are equally
important, and often overlooked, markets. Buses, for example, may have
video surveillance cameras facing both out and in, to provide
documentation of any accidents and to disprove any spurious claims for
"injuries." Firetide, Strix Systems, and Tropos Networks are just a
few of the leading transportation surveillance vendors.
"Shoplifting prevention came first in the retail environment," Schatt
notes, "but new video surveillance technologies enable market
research, so funding for such systems will be available from sales and
marketing budgets." Better cameras and new software mean an ability to
determine what kinds of retail display are most effective. They track
items that are picked up and then put down. They can also analyze
traffic patterns within a store, allowing optimal layout. It is not
surprising that IBM, with its many large retail customers, is one of
the leading vendors in this space, while Object Video leads the field
in analytic software.
"I also see a huge potential market down the road for managed video
surveillance services," says Schatt. "Marketing departments aren't
interested in the technology, just the results, and IT departments
frequently don't really want to get involved."
ABI Research's "Video Surveillance Systems" report provides global
sizing and forecasting for the key components of this market. It also
sizes and forecasts the key vertical markets spurring growth. It forms
part of the firm's Wi-Fi Research Service.
ABI Research is a leading market research firm focused on the impact
of emerging technologies on global consumer and business markets.
Utilizing a unique blend of market intelligence, primary research, and
expert assessment from its worldwide team of industry analysts, ABI
Research assists hundreds of clients each year with their strategic
growth initiatives. For information, visit www.abiresearch.com, or
call +1.516.624.2500
