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Video surveillance market will grow until 2016

by Brian Sims

The world market for video surveillance equipment grew by almost 7 percent in 2013 according to recently published estimates from IHS, through its Video Surveillance Intelligence Service. The service also reveals that the ongoing transition from analogue to network equipment accelerated in the same year with revenues from network higher in all four major world regions analysed (EMEA, Americas, China, and Asia). According to principal analyst, Jon Cropley:” IHS forecasts that the pace of transition will continue to be rapid in 2014 and 2015 before slowing slightly from 2016 onwards. In the next two years, a number of major vendors will continue focusing their efforts on their network equipment at the expense of analogue.” Global video surveillance equipment revenue in 2014 is expected to rise to $15.0 billion, up from $13.5 billion in 2013. In addition to the trends above, other key findings include: ‘

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