Blog | April 30, 2013

The Video Surveillance Market Is Going Strong... With Or Without You?

By Mike Monocello, editor-in-chief, Business Solutions magazine
Follow Me On Twitter @monocello

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Interesting news  for IT integrators this morning out of IMS Research, now part of IHS Inc., the video surveillance industry's leading analyst firm. According to Niall Jenkins, Manager, Video Surveillance & Security Services Research, 45% of surveyed North American companies reported that their budgets for security-related spend had increased in 2012.

In the survey of almost 200 representatives from end users of physical security equipment across North America, 44 percent also said that their annual budget exceeded $100,000. Another 20 percent exceeded $500,000 a year.

The survey, completed primarily at the end user management level, solidifies trends seen in many IHS studies over the last 12 months.  “We’ve been interviewing physical security equipment manufacturers since 2003, and while growth has slowed in recent years, they are still seeing growth across the different physical security markets” remarked Jenkins.

This trend illustrates what I've written about now for the past two years -- surveillance is a great way to extend your line card and increase revenue. While other technology segments might be drying up, the security industry is going strong. If you missed out on 2012 budget, it's not too late to get involved in 2013. Get your butt moving!

[Read the full IMS Research press release]

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