Growth in IP Camera Adoption Driving the Asia Pacific Surveillance Cameras Market

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
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provide detailed market opportunities and industry trends that have
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Asia Pacific Cameras Market (excluding Japan)

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Frost & Sullivan
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Donna Jeremiah, +603 6304 5832
Fax: +603 6201 7402
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or
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