Does RVMaS Signal the Death of the Low-end Analogue CCTV Market?
At the lower end of the video surveillance market, home and small business owners have traditionally installed analogue cameras and DVRs to cover their security needs. However, remote video monitoring and surveillance (RVMaS) solutions are now vying for a share of this market. The term RVMaS refers to network camera-based solutions that allow the end-user to remotely view live or recently recorded video in security and monitoring applications, typically via a monthly subscription service. The market research report available at Electronics.ca Publications estimated that the global RVMaS market, comprising product sales and recurring services revenues, was worth more than $300 million in 2008.
RVMaS solutions offer a rich set of features and benefits unavailable with traditional analogue solutions. Whilst DVR-based systems are constrained to using local storage for recording video, RVMaS solutions can use remotely hosted storage. This feature mitigates the vulnerability inherent in many traditional analogue solutions; local storage is susceptible to theft or tampering. An IP-based solution also provides the end-user with the option to view live or recorded footage from remote locations. This enables customers to use their cameras for much more than security alone, improving the return on investment. For example, shop owners can remotely access video from multiple locations to ensure that staff are adhering to procedures, staffing levels are appropriate and the layout of the stores is correct. In residential applications, remote access to the cameras allows home owners to check on their homes in the event of an alarm, or for working parents to check that their children have returned home safely after school.
However there are a number of factors that are expected to limit the initial uptake of RVMaS solutions. First and foremost, the cost of network cameras is relatively high compared with an analogue alternative and a typical RVMaS solution is likely to cost three to four times more than a comparable analogue solution. Also, RVMaS solutions are often more complex to install than traditional analogue solutions. Whilst some RVMaS solutions claim to be “plug and play”, most require some basic level of networking knowledge. Moreover, there are still relatively few companies that offer subscription-based RVMaS services, similar to the monthly service packages offered by alarm monitoring companies. According to Gary Wong, a market analyst, “Telco’s, ISPs and cable companies possess the potential to be a disruptive element and have the ability to bring RVMaS to the mass market. However, despite the synergy of RVMaS with their core businesses, a limited number have released services and they have yet to make any significant impact in the remote video monitoring market.”
Whilst RVMaS offers enhanced functionality and features over the existing analogue solutions, due to the reasons outlined above, IMS Research projects that the proliferation of RVMaS solutions will be a gradual and evolutionary process rather than rapid and revolutionary one. Consequently, analogue cameras and DVRs are expected to remain the preferred solution for low-end video surveillance applications for many years to come.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: http://www.electronics.ca/publications/products/World-Market-for-Remote-Video-Monitoring-and-Surveillance.html
Electronics.ca Publications is a world-class research network and publishing company whose focus is technology and market research for the electronics industry. Our network spans dozens of areas of electronics expertise, and taps the knowledge of researchers and analysts internationally. We deliver critical information on the semiconductor, advanced materials, nanotechnology, electronics manufacturing, wireless technology and converging markets, to name a few.
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