The video surveillance market is on a steady course of growth for now and into the foreseeable future. With a slight uptick in growth this year and not many surprises on the horizon, steady as she goes seems to be the safe bet.
It was the story of 2016: growth — sometimes stellar, sometimes slight, but mostly steady. The state of the video surveillance market is one that will continue to see growth due to several factors, but each company that SDM interviewed for this exclusive annual article reported growth.
Some of the factors that have been and will continue to play a large role in the steady growth of the video surveillance industry are: increased awareness of cybersecurity threats and the need for more secure solutions; savvier customers who understand the products and solutions better than ever and know what they want; a resurgence of video analytics as the technology gains a larger field of practical applications; increasing features and decreasing prices of video equipment; and the increasing acceptance of technologies such as cloud and wireless.