The reality of workplace aggression, school violence, and corporate espionage has made safety features a primary concern of building owners. Since the terrorist attacks of September 11, 2001, heightened security awareness has bolstered the demand for improved safety solutions. As technology and product performance improves, users are recognizing the full range of benefits offered by CCTV applications. Consequently, these systems are experiencing increased demand for all end-user segments.

This Frost and Sullivan analysis provides an in-depth examination of the factors influencing the world CCTV-based applications markets. By identifying emerging trends and evaluating industry challenges, this study can help your firm develop an effective business plan.

Implementing Digital Technology Crucial to Maximizing Market Share

The most significant change taking place in the industry is the shift from conventional magnetic tape to digital recording and storage. "The increase in digital technology has been responsible for a majority of the growth within the CCTV market," states the study's author. Digital recording eliminates the need for bulky cassettes and drastically reduces systems costs.

With advances in computer technology reaching new heights and the price of memory falling, digital solutions are becoming increasingly cost-effective. "The possibilities are immense for digital CCTV systems in the future," says the analyst. "It is expected that the industry will have moved close to 100 percent by digital technology by 2008."

Enhanced Capabilities Open New Opportunities

Although this market lacked major technological developments in the past several years, recent innovations have created exciting possibilities for industry participants. Integrating biometric software, such as facial recognition, into CCTV systems allows applications to be used, not only for scanning crowds, but to assist in identifying criminals by matching them to police databases. Firms are also launching intelligent video processing software, which analyze behavior patterns and target people who act suspiciously. "By converting CCTV systems from just surveillance and access control cameras into real-time sensor and information systems, the potential of CCTV will be realized," states the author.

This Frost and Sullivan research offers a detailed assessment of the world CCTV-based application markets, enabling your firm to optimize resources and maximize revenues.