Demand for professional video surveillance cameras has been growing quickly and is forecast to continue growing in 2018. It is estimated that less than 10 million surveillance cameras were shipped globally in 2006, which grew to over 100 million in 2016, and is forecast to make over 130 million during 2018.
Despite this increase in demand, the average price of cameras and other video surveillance equipment will continue to fall quickly. As a result, IHS Markit forecasts that in terms of US dollar revenues the world market for video surveillance equipment will grow at an annual rate of less than 6% in 2018.
It will be challenging for vendors to continue to grow revenues and margins, but there will be opportunities for well-placed vendors. For example, both the South East Asian and Indian markets are forecast to grow at higher than average rates. There is also great potential for the next generation of products powered by technologies like deep learning and cloud computing.
So, what will be the big stories during 2018? Deep learning, GDPR compliance and drone detection technologies are just some of the trends discussed in this eighth annual trends IHS white paper. The following articles are designed to provide some guidance on the top trends for 2018 in the video surveillance industry.
IHS Analyses
The A to I of Video Surveillance Terminology By – Jon Cropley
Big Differences between the Chinese Market and the Rest of the World By – Jon Cropley
General Data Protection Regulation (GDPR) By – Josh Woodhouse
Video Surveillance Fault Tolerance By – Josh Woodhouse
Forensic Video Analytics as a Service By – Josh Woodhouse
The Evolution of Deep Learning in Video Surveillance By – Monica Wang
Drone Detection Technologies By – Oliver Philippou
