A new report from Frost & Sullivan revels that the channel anticipates an increase in budgets for IP/network video surveillance. The survey was released in association with IFSEC. A recent TMC.net article highlights the survey findings.
New Frost Sullivan Survey Shows Security Spending on the Rise
A new survey by research firm Frost & Sullivan in association with IFSEC, the world’s largest annual security event, revealed that security spending is on the rise.
Among end-users video surveillance systems received a 3 percent increase in budgets while access control and security systems integration solutions are expected to get a rise of 2 percent over the next twelve months.
Frost & Sullivan stated that vendors that sell security services and equipments showed more optimism and they anticipate an 8 percent increase in video surveillance, 6 percent increase in systems integration and 5 percent increase in access control in the coming months. Growth inUK budgets of 4 percent is believed to be lagging behind the rest of the world. Systems integrators have the strongest expectations with security consultants, installers and distributors all having broadly the same opinion.
The positive trend in the growing video surveillance market is also supported by the fact that more end-users have shown preference to deploy IP/network video solution sooner.
Though this is good news for the security solutions sector, manned guarding is set to lose its sheen with more survey respondents indicated a 1 percent cut in budget over the next year.
Another sector that is going to lose to the advent of network / IP video surveillance is analog cameras. Because unlike analog surveillance systems which rely on point-to-point cabling, IP-based surveillance systems are designed to allow users to monitor and record video over an IP network. Also customers do prefer a relatively simple security solution which they see in IP video equipment. Decline in analogue camera usage will be highest in very large organizations with 50 per cent reporting a reduction in spend.
To help them in this transition from analog-based security to a network/IP video surveillance solution, end users have sought the services of IT systems integrators or trained existing IT staff. Not many are interested in training existing security staff.
44 percent of the channel players who participated in the survey, on the other hand are placing much more emphasis on training existing staff and 5 percent of them insist recruiting IT talent too to bridge the knowledge gap.
Security organizations are always keen to demonstrate the ROI of their solution when security is still seen as a grudge purchase. The advantage of IP cameras are that they can be deployed in security applications as well non-security applications ranging from health and safety (employees are wearing correct PPE for example), monitoring occupancy levels and asset tracking and operational processes. This allows suppliers that think about the broader customer need and business challenge to put themselves ahead of the competition.
A summary report of the survey produced by Frost & Sullivan in association with IFSEC is available from the Press Office during the event when it takes place from 16-19 May 2011 at the Birmingham NEC (News – Alert).