Video surveillance budgets to increase by 5%
Security spending is on the rise with end-users reporting a 3% increase in budgets for video surveillance systems while budgets for access control and security systems integration will rise by approximately 2% over the next twelve months, says a new survey by Frost & Sullivan.
The five year outlook for security spending also forecasts a bright scenario with video surveillance budgets set to increase by in excess of 5% and access control and security integration pegged to between 3% and 4%.
The survey highlighted that channel players such as system integrators, consultants and distributors are naturally more optimistic anticipating an increase in video surveillance budgets of close to 8% , systems integration (6%) and access control (5%) over the next year.
Intrusion detection will see a modest growth in budgets of close to 1%. Growth in UK budgets of 4% is believed to be lagging behind the rest of the world.
The research firm said that IP/network video surveillance is supported by the survey with 12% of respondents planning to install an IP/network video offering within the next 12 months.
Network/ IP Video Surveillance cameras already have a fairly good penetration of large business and therefore growth is expected to be faster with small to medium organisations under 1,000 employees.
Video analytics is also set to experience strong new demand though this will be with larger organisations.
The optimistic picture for network/ IP video surveillance is shared by channel players with 71% of respondents believing that the pace of migration to IP systems will quicken in 2011/12. Systems integrators have the strongest expectations with security consultants, installers and distributors all having broadly the same opinion.
In the next two years the analogue market will remain flat with the loss of revenues from customers switching to network/ IP video surveillance being balanced out by replacement sales or new sales in applications that require a relatively simple security offering.
Further, convergence between physical security and IT remains top of mind with most channel players believing that it will have a positive impact on their business.
However challenges still exist including the compatibility of different manufacturer’s products and lack of cross standard platforms, installation costs and lack of IT skills and knowledge.
The survey showed that to support the migration from an analogue system to a network/ IP video surveillance offering most end-users partnered with an IT systems integrator (29%) and/or trained existing IT staff (26%).
Training existing security staff was the least preferred of the key migration strategies. Channel players on the other hand are placing much more emphasis on training existing staff (44%) whilst also recruiting IT talent (5%) to bridge the knowledge gap.
The use of access control for time and attendance has increased with 35% of customers currently utilising it for this application and a total of 64% (including current users) interested in implementing it.
Further, 25% of survey sample are currently employing security technology in other applications ranging from health and safety (employees are wearing correct PPE), monitoring occupancy levels and asset tracking and operational processes.