Rio de Janeiro’s security preparations for the 2016 Summer Olympics will help Brazil’s video surveillance market reach a compound annual growth rate of 23.75 percent during 2011-2016, with the market reaching $362.69 million by 2016, says a report by 6Wresearch, a market research firm.
The report—Brazil Surveillance Market (2011-2016)—says during 2011, analog based surveillance systems accounted for 89.40 percent of Brazil’s video surveillance market. However, Internet protocol based surveillance systems are expected to grow reaching a CAGR of 27.07 percent during 2011-2016, says the report. While the entire report can be purchased from 6Wresearch, parts of it can be read at the website.
The report includes market forecasts on various sectors of the video business, including:
-- Equipment, including cameras (analog and IP), DVR/NVR, encoders/decoders and software
-- Government and public infrastructure, industrial, commercial and residential needs
-- Regions of the country, which are divided into northern, southern, north-eastern, south-eastern and middle-western regions
In addition to hosting international sporting events such as the 2014 Fédération Internationale de Football Association Worldcup and the 2016 Olympics, the video surveillance market in Brazil has been accelerated by rising infrastructure and increasing crime, according to the report.
Traditionally controlled by analog based surveillance systems, the Brazil market is now moving towards digitized IP surveillance systems, which are being deployed across the country, the report says.