SINGAPORE--(Business Wire)--Spurred by mounting security concerns, the Asia Pacific camera
market has witnessed tremendous growth in recent years. While current
market revenues are still dominated by analog cameras, this segment is
fast approaching a saturation phase. Hence, IP cameras are likely to
be the major growth driver in the long run, especially as they offer
several advantages such as enhanced built-in features and the ability
to transfer images over long distances.
New analysis from Frost & Sullivan (http://www.autoID.frost.com),
Asia Pacific Cameras Market (excluding Japan), is expected to grow at
a compound annual growth rate (CAGR) of 17.9 percent from 2006 to
2013.
"Recent terror attacks have increased security awareness among
government and organizations across the world, prompting increasing
spending on surveillance," notes Frost & Sullivan Research Analyst
Wong Weng Yew. "Building and transportation hubs have become prime
terror targets and video surveillance has become a popular security
tool, particularly with the advanced digital technology, that is, IP
surveillance."
Furthermore, IP cameras are expected to see a considerable price
decline during the forecast period. This will make IP surveillance all
the more attractive and affordable, even for large projects. With the
improved quality and technology of IP cameras, companies and
organizations from various verticals are expected to adopt more IP
surveillance. For instance, by using proprietary codec designs and
advanced digital video compression to eliminate video transmission
latency, the adoption rate of IP cameras in gaming industry are
expected to increase.
However, the high price of IP cameras and poor understanding of
their benefits are restraining the technology's growth. The market
penetration of analog cameras is strong in Asia Pacific and end users
hesitate to switch from analog cameras to IP cameras because of the
huge investments involved.
"Traditional closed circuit television (CCTV) players are
reluctant to shift from analog cameras to IP cameras due to
insufficient knowledge about IP surveillance," explains Yew.
"Unfortunately, these players still account for a majority of the
cameras market."
In order to overcome these challenges, IP cameras manufacturer
need to better educate prospective end users about the benefits of
using IP cameras. Besides, they need to improve the image quality of
cameras and reduce the cost of production so that users do not
hesitate to shift from analog cameras to IP cameras.
If you are interested in a virtual brochure, which provides
manufacturers, end users, and other industry participants with an
overview of the Asia Pacific Cameras Market (excluding Japan) , then
send an e-mail to Donna Jeremiah, Corporate Communications, at
djeremiah@frost.com, with your full name, company name, title,
telephone number, fax number, and e-mail address. Upon receipt of the
above information, an overview will be sent to you by e-mail.
Asia Pacific Cameras Market (excluding Japan) is part of the
Automatic Identification & Security Growth Partnership Service
program, which also includes research in the following markets: Auto
ID and Security. All research services included in subscriptions
provide detailed market opportunities and industry trends that have
been evaluated following extensive interviews with market
participants. Interviews with the press are available.
Frost & Sullivan, the Growth Consulting Company, partners with
clients to accelerate their growth. The company's Growth Partnership
Services, Growth Consulting and Career Best Practices empower clients
to create a growth-focused culture that generates, evaluates, and
implements effective growth strategies. Frost & Sullivan employs over
45 years of experience in partnering with Global 1000 companies,
emerging businesses and the investment community from more than 30
offices on six continents. For more information about Frost &
Sullivan's Growth Partnerships, visit http://www.frost.com.
Asia Pacific Cameras Market (excluding Japan)
P09F
Frost & Sullivan
Corporate Communications - Southeast Asia
Donna Jeremiah, +603 6304 5832
Fax: +603 6201 7402
djeremiah@frost.com
or
Corporate Communications - North America
Sara Villarruel, 210-477-8448
Fax: 210-348-1003
sara.villarruel@frost.com
or
Corporate Communications - Europe
Joanna Lewandowska, +48 22 390 41 46
joanna.lewandowska@frost.com
or
Corporate Communications - South Asia
Ravinder Kaur, +91 44 42044760
Fax: +91 44 24314264
ravinder.kaur@frost.com
or
Corporate Communications - Middle East
Shwetha Thomas, +91 22 4001 3429
Fax: +91 22 2832 4713
sthomas@frost.com
or
Corporate Communications - Latin America
Jose Maria Jantus, + 54-11-4777- 9951
Fax: + 54-11-4777-0071
jose.jantus@frost.com
or
Corporate Communications - China
Amelia Wong, +86 21 5407 5783 Ext 8669
M: +86 13621724823
amelia.wong@frost.com
or
Corporate Communications - Australia & New Zealand
Sharmin Jassal, +61 2 8247 8900
Fax: +61 2 9252 8066
sharmin.jassal@frost.com
or
Corporate Communications - Africa
Patrick Cairns, +27 21 680 3274
Fax: +27 21 680 3296
patrick.cairns@frost.com
http://www.frost.com
Copyright Business Wire 2007
