IP Video Surveillance & VSaaS market getting fast adoption across commercial and government sectors in the backdrop of general national threats and enhanced features offered by IP based surveillance.
Over the past few decades, surveillance techniques have undergone dramatic shifts. Analog tapes and security personnel are passé; IP Video Surveillance is fast emerging as an advanced technology, leveraging and integrating the functionalities of digital video cameras, remote access, and intelligent analytics. The evolution offers organizations significant opportunities to explore in improving their security with reduced operating costs.
Factors boosting the demand of IP Video Surveillance & VSaaS in South Africa
There is a growing demand for video as a service among business enterprise of all scale to maintain a comprehensive security solution and also being budget friendly. They do away with large infrastructure cost & costly equipment by availing video surveillance as a service (VSaaS) while at the same time ensuring high level of functionalities, sophistication, convenience and portability. This IP, which is the same protocol that drives the Internet. This shift to IP based surveillance enables enhanced quality at much lower cost because enterprises have the advantages of deploying video surveillance on the same IP network that is used for other IT applications.
Market dynamics and Prominent trends
Hardware is the main components required for setting up of the IP video surveillance and as current analog systems are redesigned it will be required even more. The hardware deals would witness a growth in the initial phase of usage. The proper deployment of video surveillance can serve as a potent tool in protecting organizations of all sizes. However, key factor constrain the adoption of IP video surveillance is the advancements in network technology that has somewhat failed to keep pace with cameras–these state-of-the-art endpoints that form a key element of IP video surveillance and VSaaS market, while sensors and cameras technologies have evolved continually over time, network has not evolved considerably. This gives rise to top IP video surveillance network priorities in three respects: improving performance parameters to decrease recovery time, simplification of protocols and their manual configuration to suit varied uses and keeping the provisioning points to a minimum. Implementation of additional protocols, such as PIM will quicken network recovery and boost bandwidth use; these factors are crucial for wide adoption of the technology.
Furthermore, organizations looking towards implementing the IP Video surveillance in South Africa also look for factors such as scalability and performance predictability. Furthermore, system integrators would play a crucial role in the adoption of IP surveillance in the country as they form the viable point of contact for customers to avail VSaaS.
Way ahead and growth prospects
Building an efficient roadmap for network evolution can be a daunting task for key market players; this would also increase competition among vendors in South African IP video surveillance and VSaaS market. Allied Market Research has published a report titled “South Africa IP Video Surveillance and VSaaS Market - Opportunities and Forecasts, 2013 – 2020”; the South African IP video surveillance and VSaaS market is expected to reach the mark of $51.8 million by 2020, with a CAGR of 16.1% during the period 2014-2020.
