Global CCTV Market to Reach Double-Digit Growth by 2010

A new report by market research firm RNCOS projects the worldwide video surveillance market will increase at a compound annual growth rate (CAGR) of more than 13 percent by 2011.

Titled “Global CCTV Market Analysis,” the report says the global CCTV market is driven by such factors as mass surveillance, IP-based video surveillance, a rising threat of terrorism, plus a need for a low cost, reliable and innovative technology along with strong government efforts and increasing retail activity.

The Asian-Pacific region is expected to account for the strongest future demand, led by major economies in India, China, Singapore, Japan and Hong Kong.

With worldwide retail sales projected to climb to $17 trillion by 2011, the retail sector “has emerged as the chief area that offers huge prospects for the global CCTV market,” according to the report. Video surveillance offers retailers the advantage of examining the loss of cash or inventory, general pilfering and prevention of crime, according to the report.


Among other verticals projected to adopt greater use of video surveillance, the reports lists healthcare, transportation, equipment manufacturing and the semiconductor industry.

To meet the projected maximum growth, however, the worldwide CCTV market will need to overcome such challenges as insufficient coverage, privacy concerns, and restricted capability in terms of storage and retention, the report states.