Networking/IP to Drive Video Surveillance Market to $9B by 2011
The video surveillance industry is expanding rapidly due to rising security needs combined with a spate of technological innovations—including the migration to digital, fully networked systems, according to the market-research firm iSuppli Corp.
Global video surveillance camera revenue is forecast to grow to more than $9 billion by 2011, maintaining a Compound Annual Growth Rate (CAGR) of 13.2% up from $4.9 billion in 2006, iSuppli predicts. Meanwhile, video surveillance unit shipments will more than double to 65.7 million units in 2011, rising at a CAGR of 17.1% from 29.8 million in 2006.
iSuppli projects the market for surveillance-camera semiconductors will hit $1.25 billion in 2011, more than double the $525 million in 2006.
