Research and Markets Reveal Market Forecast for the CCTV Industry

Over the last few years, there has been an increase in demand for video surveillance products such as video baluns, CCTV security cameras, and DVR surveillance. This is because consumers are now becoming more protective of their properties and surveillance is not just for business but for homes as well. CCTV manufacturers and video balun retailers now experience a surge in the industry as the demand for technically-advanced surveillance systems continue to rise.

ResearchandMarkets.com, considered as the world’s largest market research resource, has recently released a report forecasting the global CCTV market up until 2014. According to the report, “the market for the global CCTV will reach around US$ 23.5 Billion by the end of 2014,” with the Compound Annual Growth Rate (CAGR) of about 20.5% from today.

Accordingly, the report also indicated how the switch from analog CCTV cameras, which are currently the dominant products in the market today, to network IP will happen by the end of 2014. The report also discussed what factors will affect this change into the IP technology market, especially now that IP Storage Area Network (IP SAN) is becoming more in demand than conventional DVRs and NVRs. The evolution of video analytics is also largely affected by threats of terrorism and businesses and other establishments are finding more cost-effective but equally advanced ways to monitor their properties.

In terms of technology, the use of CCTV systems is prevalent in both the transportation and retail sectors, not only for valuable management information but for safety purposes as well. It discussed how video surveillance as a service of VSaaS is quickly an emerging trend in CCTV systems too. By 2014, the regions of Asia and the Middle East will be major players in the global CCTV market while India and China will continue to be key drivers because of their large population.

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Surveillance Systems in Hospitals

Hospitals, just like any public establishment, require surveillance systems not just for the patients but for the employees as well. Installed with video baluns, DVR surveillance, and security cameras, it is a must for every hospital to have its own surveillance system. The countless number of people who work and come in at hospitals is just one reason why it is a requirement to have CCTV surveillance. More importantly, hospitals will greatly benefit from having video baluns and CCTV cameras installed because it will protect everyone who is inside as well as within the premises of the establishment.

Similar to other public places, CCTV cameras prevent crimes and other mischievous activities to happen in hospitals. With employees, patients, and visitors knowing about installed security cameras, they would definitely think twice about doing something illegal in the premises. As for employees, security cameras avert patients from making false claims against violence and other similar injury claims. Hospitals lose hundreds of thousands of dollars from patients suing them against maltreatment and video surveillance stops this from happening.

Efficiency and productivity is improved if security cameras are placed in the hospital. Employees have no other choice but to work and stop doing nonsense activities because they know that every little thing they do is monitored on cameras placed all over the establishment. Thus, productivity is improved and communication becomes better in the long run. Disputes are likewise averted since employees and patients can turn to visual evidence to resolve any kind of conflict immediately.

When choosing the best locations to install video baluns and security cameras, take note of the most critical areas. These are the ones that need video surveillance. Parking lots, entrance and exit gates, visitors’ lobbies, hallways, and waiting halls are the best areas to place video surveillance. Elevators and fire escapes are secondary priorities.

With the installation of video surveillance, it doesn’t mean that hospital security should rely on this technology entirely. There should be alternative security arrangements and back-up plans to make sure that hospitals are 100% safe and secure.

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Surveillance Systems in Casinos

The casino industry is one of the largest consumers of video baluns, DVR surveillance, and security cameras. This is because the nature of casino attracts so many crooks, robbers, and other equally-threatening individuals. Because of this, top-notch security is needed to prevent evil-minded men and women to even think about robbing casinos. There is a need to provide security and safety for all guests to make them feel welcome within the walls of the casinos. Additionally, surveillance systems are in place to watch gamblers and employees’ every move.

These are the types of cameras commonly used by the casino industry:

PTZ Cameras

PTZ or point, tilt, and zoom cameras are used by casinos to monitor each and every individual who enters and leaves the establishment. With PTZ cameras, security personnel can instantly focus on any area of the casino. The gambler’s face, the dealer’s hand, or even the ATM machine can be easily viewed with PTZ cameras.

Megapixel Technology

With megapixel technology, any member of the casino’s security personnel can immediately view images by pixel, enlarging any given section of an image to bigger sizes for more detailed viewing. Two-megapixel surveillance cameras allow casino officials to shoot 30 frames a second.

Facial Recognition Technology

With cameras that offer facial recognition technology, even gamblers’ eyes can be monitored by surveillance cameras. This is because of the biometrics system wherein numeric codes are assigned to the eyes. Anyone who has been banned or in disguise can still be recognized by cameras that use this kind of technology.

Other industries that use surveillance systems include banks, malls, restaurants, and other commercial establishments. It is clear that security cameras, video baluns, and CCTV surveillance are not just for home use. With these preventive measures in place, evildoers should think twice about planning something terrible that could potentially harm a lot of people.