Video Surveillance Market Maintains 10% Growth Despite Recession, with Better to Come, According to ABI Research

SCOTTSDALE, Ariz.--(Business Wire)--
The global economic downturn has slowed the expansion of video surveillance
markets in 2008 and 2009. But they have nonetheless posted a healthy 10% growth
rate which will accelerate - led by the retail and financial segments - as the
economy starts to recover in 2010. In the United States, government funding
provided through economic stimulus measures will further reinforce shipments and
revenues.

"People and organizations are still buying video security systems, despite the
recession," says ABI Research vice president and practice director Stan Schatt.
"In fact, some large retailers have increased their deployments to counter
recession-induced shoplifting. Meanwhile US government spending, particular on
enhanced border, port, and airport security will be a mainstay in the short to
medium-term."

However the recession has produced a change in the kinds of systems being
purchased. While video surveillance technology has been in a transition period
from purely analog systems through hybrids to purely IP-based systems, analog
systems` lower costs - especially for companies with large amounts of legacy
analog equipment - mean that more analog and fewer IP products are currently
shipping. IP system growth has been further slowed by an ongoing debate over
standards. Once the standards battles are settled and the wider economy
improves, IP-based systems sales should grow quite dramatically.

ABI Research forecasts the total video surveillance market to be worth more than
$41 billion in 2014. "Many observers underestimate the size of this market
because they only include cameras and network video recorders," says Schatt.
"They ignore all the other facets of video surveillance which also include other
hardware, cabling and other infrastructure, professional services, and software.
When you put all that together it`s a pretty sizeable number."

ABI Research`s new study "Video Surveillance Systems"
(http://www.abiresearch.com/research/1003837-Video_Surveillance_Systems)
provides global sizing and forecasting for the key components of this market:
digital and analog cameras, storage devices, software, infrastructure equipment,
and professional services. It also sizes and forecasts the key vertical markets
spurring growth: government, retail, education, transportation, and banking. The
corporate and home market segments are also covered, and the report includes
profiles of key vendors in this market.

It is part of the firm`s Wi-Fi Research Service
(http://www.abiresearch.com/products/service/Wi-Fi_Research_Service).

ABI Research provides in-depth analysis and quantitative forecasting of emerging
trends in global connectivity. From offices in North America, Europe and Asia,
ABI Research`s worldwide team of experts advise thousands of decision makers
through research and advisory services in seven key practice areas. Est. 1990.
For more information visit www.abiresearch.com, or call +1.516.624.2500.

ABI Research
Christine Gallen, +1-516-624-2542
pr@abiresearch.com

Copyright Business Wire 2009