With the introduction of low-priced technology and due to intense competition, the prices of hardware in the world video surveillance software market has dropped drastically. Encouraged by the reducing prices of digital and network cameras and the incorporation of improved features, end users have begun installing an increasing number of cameras per site. Video management software provides an effective and efficient method of managing a large number of cameras.
New analysis from Frost & Sullivan (http://www.autoID.frost.com), “World Video Surveillance Software Markets,” reveals that market revenues totaled $153.7 million in 2004 and expects to reach $670.7 million in 2011.
“Video surveillance software helps buyers save costs by requiring them to deploy fewer personnel at monitoring stations,” says Frost & Sullivan Senior Research Analyst Soumilya Banerjee. “With lesser requirement of human intervention at the monitoring station, security personnel can be either relocated on site or be dispensed with, depending on the premise under surveillance.”
The research found that vendors have to promote video surveillance software products’ immense benefits of faster, real-time, more reliable surveillance, remote accessibility, cost savings and better management to gain mass acceptance.
