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Even video surveillance hit by global recession?

October 21, 2009

According to a new market-research report produced by Arizona firm, In-Stat, the market for video surveillance equipment has seen a slow-down in unit grow in 2009, and even a decline in overall revenue (and this may be the first time this has happened for many years). This is interesting as it is conventional wisdom that the security sector is generally unaffected or even benefits from recession (but see some previous posts here and here for other aspects of surveillance in a global recession). However the report also states that whereas sales of cameras are relatively flat, sales of data-recording equipment, especially hybrid recorders that can handle both analogue and digital images, are increasing and this is partly due to the US government’s stimulus package. This suggests that those operating exisiting video surveillance systems that may have older analogue cameras are chosing not to upgrade their cameras now but are making sure that they can retain the images more efficiently. The report predicts that, after the recovery, the overall market for video surveillance equipment in 2011 will be $19Bn US.

Mind you, I haven’t read the report in full, only this summary, because it retails at $3,495 US! Someone is clearly expecting to make plenty of money out of the recession…

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