May 04, 2015

The market for video surveillance systems is expected to grow at a rapid rate over the next few years, according to one major recent report.

In March, market research report provider TechNavio predicted that the global market for video surveillance solutions will likely increase at a compound annual rate of more than 24 percent between 2014 and 2019. Additionally, a separate report from TechNavo predicted the worldwide market for surveillance and security equipment to see a 13.58 percent CAGR during the same five-year period.

Leading this expected market upswing will be law enforcement agencies, as the TechNavio report on the overall market noted thatpublic safety officials are increasingly looking at video surveillance as a way for them to boost their anti-terrorism efforts in particular. But, law enforcement is far from the only industry improving the outlook for the video surveillance industry, as the report also cited the technology’s benefits for critical infrastructure oversight and overview, especially for government agencies, retailers, educators and those in the transportation space.

But, while the reports overall painted a bullish outlook, the video surveillance market does face a number of key challenges. For one, image reliability is a central concern among end users, especially if the footage captured by a video surveillance solution is to be useful at all. It is also a competitive arena, with dozens of vendors vying for top spot and the largest market share.

For organizations interested in adopting a video surveillance network, these reports show that while they have a lot of company, choosing the right option for their needs within this crowded marketplace can be tricky. By opting for a wireless mesh video surveillance solution, organizations gain a flexible and robust solution capable of meeting their core oversight needs. Contact Firetide today to learn more about wireless mesh technology and why it is ideal for video surveillance solutions.