IMS has announced their global video surveillance statistics for 2009 and projections for 2010. Key points made:
- 2009 global analog revenue down 5%
- 2009 global network video surveillance revenue up by 18%
- 2010 overall video surveillance growth projected to be up 9%
- Analog video surveillance market expected to remain challenging, except for China
- Analog to recover more slowly but "shows no signs of disappearing in the foreseeable future"
Readers factor in that the global numbers are higher than activity in Europe and the USA (and reflect the disproportionately strong showing of the BRIC countries and the Middle East). As we examined throughout the last 6 months, the major video surveillance incumbents on both sides of the Atlantic have been experiencing severe revenue drops of 10% or more.
Certainly analog will not disappear anytime soon. The big risk is that it continues to shrink each year going forward. Such shrinkage would have a dramatic impact on the overall industry with many incumbents force to contine restructuring and eliminating employees.
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