Euro Ip Video Market Worth Eur151 Million By 2008
Data from IMS Research shows how the trend to network video surveillance is shaking-up the CCTV industry. Network cameras and video servers are the highest growth sectors of the CCTV market. IMS says that many of the established suppliers were slow to market with network video products. This has enabled a new wave of network video specialists to gain an early lead in this fast paced sector of the market. The market for networked video surveillance (IP surveillance) in Europe is currently experiencing explosive growth. IMS Research predicts factory revenues for network cameras will grow at 28.4% (CAGR) over the next five years, with even faster growth of 30.3% forecast for video camera servers. Together these markets will be worth some EUR151.1 million by 2008, says IMS. Senior analyst Simon Harris commented “both the network camera and video camera server markets in Europe are currently dominated by companies who specialise in digital video networking solutions. Axis is the dominant supplier of network cameras in Europe, with an estimated 59.8% market share in 2002. It had more than four times the market share of its nearest competitor, Mobotix. Axis is also the clear leader for video camera servers with an estimated market share of 35.4%, well ahead of its nearest competitors VCS and Visiowave. In both cases the traditional big name suppliers associated with CCTV were nowhere to be seen.” However, many of the majors from the analogue CCTV world are ramping up their activities in the network video market. For example, Baxall, JVC, Samsung, Sanyo and Sony, to name a few, are now aggressively promoting lines of network cameras. In addition, a number of Asian manufacturers, such as Pixord and Webgate, are vying for a share of the European market. As competition hots up, it remains to be seen whether the pioneers in the network video field can retain their early lead.