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The video surveillance market is strong and will continue to grow. It is less a lumbering giant, though, and more an agile athlete, able to pivot and adapt — it just happens to be the largest one on the security court.
The overwhelming consensus among security professionals interviewed for this first in SDM’s 2018 series of State of the Market articles, is that the video surveillance market remains strong and will continue to grow.
Last month in SDM we offered an outlook for 2018 for the security industry. This month begins our State of the Market article series to help you strategize about the types of products and services your company will offer to the marketplace.
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.
In January of each year, the President of the United States delivers the annual State of the Union address, without fail declaring the union to be strong. In security, the same can be said for the state of the video surveillance industry in recent years. Strong growth has become a hallmark of this segment for the last several years, and there’s no reason to think that won’t continue to be the case.
In 1929, Hungarian author Frigyes Karinthy proposed the theory that the modern world was “shrinking” due to ever-increasing connectedness of human beings. He believed that any two individuals could be connected through at most five acquaintances, which is the original version of six degrees of separation.
Two tiny acronyms: IT and IP. A3 Communications, Irmo, S.C., is an expert in both. Founded as an information technology (IT) company 20 years ago by chief executive officer (CEO) Joe Thomas, the company added Internet protocol (IP)-based surveillance and access control to its portfolio in 2005.
Video surveillance, for all its clear benefits, comes with its equal share of barriers: storage limitations, image quality and resolution demands, price concerns, a painfully absent ease-of-use. There’s a whole list.