Industry experts weigh in on the top business drivers for video surveillance to watch for next year, plus the big pitfalls you need to avoid.
This year has been one of the most interesting and disruptive in a long time for the video surveillance industry. The combination of mergers/acquisitions and a decline in the cost of semiconductor components has led to lower prices, which is enabling the technology to become more widely available to smaller businesses. Research and Markets projects the physical security market will be worth $21.4 billion next year and will continue growing at a CAGR (compound annual growth rate) of more than 23 percent through 2019.
I recently spoke with several industry experts to get their take on where the market is heading in 2016. Below is their consensus on the top trends to watch in 2016, as well as their tips on how to capitalize on each one and the pitfalls you should avoid.