Author: Sal Visone – President of DWG
Published Date: 1/6/2023
It’s no secret that the video surveillance market has been growing steadily over the last few years. In just the past year, the market is estimated to have grown by nearly 10%. This growth is being fueled by a variety of factors, such as increased demand for security solutions and technological advancements. Let’s take a look at why the video surveillance market is booming.
Growing Demand for Security Solutions
The most obvious reason for the growth of the video surveillance market is the increasing demand for security solutions. People are becoming more aware of their need for protection and are investing in systems to keep themselves and their property safe. This trend can be seen in both residential and commercial settings, with businesses increasingly turning to video surveillance solutions to protect their premises and assets. Additionally, governments around the world are increasingly investing in public safety initiatives, which further increases demand for video surveillance systems.
Technological Advancements
In addition to increased demand, technological advancements have also contributed to the growth of the video surveillance market. Advances in digital imaging technology have allowed cameras to capture higher-quality images than ever before. Additionally, new analytics software has made it easier than ever for businesses to analyze footage from their cameras and gain valuable insights about customer behavior or suspicious activity on their premises.
Increased Adoption of Cloud Storage
Finally, cloud storage is another major factor driving growth in this sector. Traditional surveillance systems relied on local storage hardware that was expensive and difficult to manage. With cloud storage, however, businesses can store their footage securely offsite without having to invest in additional hardware or IT resources. This has driven down costs significantly and made it easier for businesses of all sizes to adopt video surveillance systems without breaking the bank.
It’s clear that there are many factors driving growth in the video surveillance market right now – from increased demand for security solutions to technological advancements – making it an attractive opportunity for security integrators looking to expand their portfolios. With more companies turning towards digital solutions like cloud storage, there’s never been a better time to get involved in this rapidly growing sector!
