Global Video Surveillance Growth Rates Declining Sharply
Author: John Honovich, Published on Jun 06, 2014
Just a few months ago, recall the hype for the video surveillance market growing 80% over the next few years. Well, not so fast.
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Comments (7)
Robert Lydic
John,
Do the IMS / IHS numbers provide greater granularity on the market conditions for the US in 2013 and projections for 2014? I want to be respectful of their research and understand that you probably cannot disclose all of their proprietary information as it is how they make money, however as a past subscriber to their info myself I am curious on how their research speaks to the US specifically.
On a separate note, I wonder if you would add a 4th key factor pressuring growth and that is the overall US economy slowing down. Many researchers have shown the overall US GDP declined nearly 1% in Q1, and while the physical security industry does not coorelate directly to GDP, the overall lack of growth / spend in the US would have a significant impact on an product segment that is commonly viewed as an expense (rather than a profit center) in most end user organizations. Thoughts?
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Undisclosed Manufacturer #1
Do we know how IMS/IHS got their numbers? I've heard that the analysts there tend to be recent college grads with minimal experience, and their numbers largely finger-in-the-wind guessing.
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Peter Knezevich
I take you point that the IP conversion is almost, or materially, over and that innovation has slowed. It seems surveillance has reached statsis. However, recent acquisitions, Milestone and DropCam, seem to indicate something going on but difficult to discern what that is.
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