I talk to industry leaders every day and the most common theme I hear is how disappointing video analytics have been. Underachieving products always far the worst during a recession. It is essenitally a â€œcorporate Darwinism.â€
For end users, be very careful about what NVRs or video analytics you choose. A poor choice here could result in you having a discontinued product in a very short time. The safe choice here is to select market leaders even if you pay modest premiums for them.
For manufacturers, be very cost conscious and get focused on the specific verticals you are strongest. If you run low on money in the next one or two years, the consequences could be dire. Although the signs in the field are just starting now, they will certainly get much worse before they get better. Better to get a head start than be caught when it's too late.
This all being said, the industry will come out of this recession stronger because bad companies will get flushed out of the market.
About the author: John Honovich, PSP, is an independent researcher and consultant focused on the world of networked video surveillance. He is author of IPVideoMarket.info and has previously worked in product development and management positions at security technology companies such as 3VR and Sensormatic.