Megapixel Security Camera Market To Grow

Published Tuesday, February 05, 2008

In its latest report on the world video surveillance market, IMS Research predicts that over the next three years, the market for megapixel cameras will grow at a compound annual growth rate in excess of 100 percent. By 2009 it is forecast that over half a million units will be shipped a year. Industry analysts say that the market has overcome a number of hurdles to get to this position. A big issue that megapixel cameras have notoriously faced is how to cope with the volume of data produced, which demands more bandwidth and storage volume. However, improved compression algorithms, more widespread gigabit Ethernet deployments and reductions in storage prices prove that these issues are being addressed.

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