The fusion of CCTV with biometrics and human behavioral signatures will mark video surveillance technology through the rest of the decade, and that fusion will create a multibillion-dollar security market, says a study by the Homeland Security Research Corporation (HSRC).
The report—CCTV Based Remote Biometric & Behavioral Suspect Detection: Technologies & Global Markets 2011-2016—says attempts to mitigate crime and terror have resulted in a worldwide base of more than 45 million CCTV surveillance systems. Those surveillance systems will experience dramatic growth during the rest of the decade, the report says.
Innovation within that family of technologies will focus on removing the bottlenecks of current CCTV and people screening systems, the report says. In addition, the inability to provide reliable real-time alarm when suspects are viewed by the CCTV camera and the staggering cost of security officers required to operate 24/7 CCTV workstations are factors that will drive the fusion of technologies, the report says.
Fusing those technologies will foster significant growth opportunities to CCTV, biometric and IT systems manufacturers, security systems integrators and entrepreneurs, the report says. That new market (including systems sales, upgrades and post warranty service) is forecasted to reach $3.2 billion by 2016, growing at a compound annual growth rate of 33 percent, the report says.
Global CCTV/Video Surveillance Market Forecast to Hit $15B by 2018
Markets in those areas will be driven by an increasing focus on threats