Asia Driving ObjectVideo's Growth
Published Nov 04, 2009 00:00 AM
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Unlike megapixel cameras, growth in the video analytics market has been a struggle since the start of the recession. ObjectVideo is publicly declaring 2009 revenue growth driven by their progress in the Asian market. [Note: Nov 6th - That post has been deleted and replaced by a new post that removes this reference.]
ObjectVideo states, "The Asia market ... may account for as much as a quarter of our revenue over a single-digit percentage in 08. It is a big reason we grew this year."
This implies growth in Asia over 150% and likely compensates for challenges in Western markets.