Is the Video Surveillance Business Starting to Improve?

Author: John Honovich, Published on Apr 07, 2009

In the last month, a renewed sense of optimism has emerged in the video surveillance industry - mirroring the rise of the global stock markets and culminating in a better than expected turnout at ISC West. What does this mean?

The 4th quarter was fairly bad for video surveillance. We predicted major long term changes for the security industry, argued that the stimulus package would be a minor force for the industry and that 2010 would be worse than 2009 for the business.

It seems clear now that the rate of descent is either slowing or stopping. Are we now out of danger and should we expect to see the previous pace of business resume?

** *** **** *****, * ******* ***** ** ******** *** emerged ** *** ***** ************ ******** - ********* *** **** of *** ****** ***** ******* *** *********** ** * ****** than ******** ******* ** *** ****. **** **** **** ****?

****** ******* *** ****** ****** ***** ************. ** ********* ********* **** ******* *** *** ******** ********, ****** **** *********** ******* ***** ** * ***** ******** *** ******** *** ******** ***** ** ***** **** ******* *** ********.

** ***** ***** *** **** *** **** ** ******* ** either ******* ** ********. *** ** *** *** ** ****** and ****** ** ****** ** *** *** ******** **** ** business ******?

[***************]

Key ******

  • ** ***** ****** *** ******** ***** ** **** **** **** quarter's ***** ******
  • ********** ************ *** *** *** ** ******** ***** ********
  • **** ************ *** ******* ******* **** **** *** ******* ****** risks
  • ********* **** ****** ** **** ** *** ****** ** *** short ** *** ****
  • ****** **** ********* ** ****/******** ** **** ***** ** *** end ** *** ****

Q1 ***** ******

*** ******* ********* ** *** ******** *** **** ******* *** February **** **** *** **** ***** *** ********. **** ******* referenced ***** ******* ** ******* *** ****** ** *** *******. Only * *** ********* (****** *********) ********* **** ***** **** strong ********** *** *******.

******* *** *** ** ******* **** ******** **** **** ******* from *** *** ******* **** ********, ******* * *********** ******* of ******** *** ***** ***** *******.

******* ** ** **** **** *** ********* ***** ******** ** lower **** *******, ** ** ****, **** ****** * **** common *******. ****** ****** ******** ******** *** ****** ********* **** expensive ******** **** * ************, ******** ** ***** **** ********* and ******* **** ****** ******* ****** **** ***** ******* **** previous ** *****. ******* **** ***** **** ******** ** ******* dependent ** *****'* ******** ********** *** *** *** ******* ******* in *** **** ******.

* ***** ******** ******** ****** ***** ** ** **** ** slightly **** ******** *******. ***** * *** *** ******* **** ******* ** ****** falling ****, * **** *** * *** ********* ****** ************ growth. ** *******, ** ******* **** ******** ******** ** *** industry ********* *** ** **** ******* **** **** *** *** Quarter ****.

*** ********, ****, ** *** ** *** **** ** ****** rates ********? ** *** ********* *** *** ****** ** *** the ********** **********?

Impact ** ** ********** ****** ******* ***** **** *******

* ******* *** ******* ****** ** *** ** ********** *** bolstered *** ***** **** ****** *******, ******* **** ************* ***** and **** ******* **** ********. ******* *** **** ********, ********* AIG ********, ***** ********* ** *** ***** ******,******* ********* ** ************* ************* ** ********* *** **** ******, *** ** ********** *** ******* ****** ** **** **** $1 ******** **** *** ******* ** ********** *** ******* ****** spending. **** *** *** * ****** ****** ** *** ********* has ********* ******* ******** *** ******* ******** ** *** ** institutions ***** ********.

**** *** ********* ******** ********** *** ******** **** ********* ****** to ***** *************. *** ******** ****** ** **** ** ********* in**** *** ******* **********.

Mid *** **** **** *********

*** *** *****-*** ** **** **** ***** **** ******* ********* future ******** ****** ** ********** *** **** ** ********* ** by ****** ** **** **** ********** ****** ********. ******* ** not **** ** *** ***** **** ** ********** ***** ** are ******* *********. *** **** ********* ******** ** **** **** of *****-*** **** ******* *** **** **** ** ** ********.

Risk ** ***** ******** ****** ** ***-****

*** **** ** *** **** **** * ********* *********/****** ***** occur ** *** **** *** ***** ** *** ********** ******** and ******** ********* ******* ******** ** *** ***. ***** ******* short **** ********** *** ** *********, ********* **** ** ** careful ***** ***** ****** **** ***** ** **** **** *** not ****-******* ** * ********* ****** ******.

Lower ****** ******

**** ** ** ****** ****** ******, *** ***** **** ** the ******* *** *** ******* ********** ** ********, *********** ***** *** **** ********. **** ***** ***** * ****** ** ***-****** ******** ******* very ******** ** *****.

Companies ******* *** ** *****

******* * ****** *** **** *** ****** *****, **** ************* were ********* ***** *** *********** *********** ** ******* *** ** funds, **** ** *** ******** ** ****** * ********* ******* as **** **** **** **** * ****** ** **** ** the **** *** *** ********* ** *** ******* ** ** acquisition. **** ** * **** **** ******** **** *** ******* improving, ******* ************ **** ****** ****** *********** *** ****.

Little ************* . . . ******** ***

*** **** ****-****** **** ** ***** ************ *** ********* **** the ******* ****** ** *** ***** *** / **** ******. This ****** *** **** ** ** ******** ******* ******* ** the ****** ********* ** **** *********.

***********, ** ** ****** **** * *** ***** ********* ******** are ******** ******* *** ******* *** *** ****** ********** ******* that ******* (* **** ***** **** **** ** **** *** some ********* ********* ***** *** *********). ***** *******'* ********* ***** from ******* ****** (*** '**** ****') **** *********** ** *** investments.

* ***** ****** * ****** ** ************ *** **** ***** of ******* ***** ************ ********* ** *** *** ** *** year.

Expectation *** **** ** ****

******* *** ******* *** **** ** *** ****, ** ** likely **** *** ** *** ***** ********** **** ******** ** intervene *** **** **** ** *** *******. **** *** ****** a ***** *** ***** ***** ** ***** *** ** ****** to ***** ********.

***********, *** **** ** *** *** **** ********* ** **** real. * ******** * ************ ** *** ******** ** ********* tonight *** *** **** ******* *** **** *** ******* ****** is ****** ** * **** ** ********* *** **********. ************, he ****** **** **** ** ****** *** * ******* ******* people *** *****-******* ******. ** ** ** *****, ** **** believe, *** *** *** ***** ** ****** ** ******* *** is ********** ************, **** ***** ****** *** ******** *** *** financial ******. *** ******* ******* ******* **** ******* *** **** will *** ** * ******* ****** - **** ** * risky *****.

**********

***** ********** ************* **** ****** ********* ********, *********** ***** ****** in (*) ******* *** ***** *** (*) ****** **** ******** from ********** ****/******** *********.

********* ****** ****** ******** *** ***** *** *********** ***** *** the **** ** ****.

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