The world’s got more cash in its pocket compared to the dismal 2009, and there’s always someone who wouldn’t mind robbing you for it – that’s what the video surveillance industry wants you to think.
Spending on equipment will return to the spendthrift 2008, according to figures from In-Stat.
Revenue from analogue and IP cameras, DVR/NVR and IP encoders will reach $15 billion by 2014, In-Stat reckons, and with that there will be plenty of opportunity for semiconductor manufacturers to edge in and make a buck.
Surveillance camera unit shipments will be largest in the Asia/Pacific region though they will experience growth elsewhere, too. Camera revenue will be lower in Asia/Pacific than EMEA because it’s cheaper to set up a paranoid surveillance factory in the area.
Processor revenue for IP cameras should see a 67 percent jump by 2014, from 2010 – video encode and analytics processors will be in high demand, not just in surveillance but in healthcare, management, education, traffic monitoring, law enforcement and public transport. Companies such as Texas Instruments, which offer the appropriate components, will profit.