Market research firm IMS Research is predicting strong growth for remote video monitoring.
According to the researchers, the market for remote video monitoring services in the Americas and EMEA (Europe, Middle East and Asia) was worth $250 million in 2009, and the company said the remote video services market "is experiencing impressive growth which will continue to accelerate as the global economy recovers and technology improves." IMS Research did not specify the predicted rate of growth.
IMS Research's analyst Ewan Lamont said the company's information on remote video study should be positive news for installing and monitoring companies.
"Everybody is a winner with remote video monitoring services. Alarm dealers can make bigger margins on remote video services compared to alarm monitoring, as well as generating revenue from increased equipment sales, installation and maintenance."
Lamont said that the use of remote video monitoring means businesses may not have keep on-site security officers for watching their cameras. Lamont said that the remote video monitoring allows a dedicated monitoring staff to watch cameras and then alert on-site officers (or mobile patrols) to security incidents.
"Adding remotely monitored video to a manned guarding service allows a central station operator to watch multiple cameras, and then direct guards to where they are needed," Lamont said. "This maximizes the area under surveillance, and allows the response to be focused where it is required. If manned guarding companies use remote video monitoring to compliment their offering then this could be a breath of fresh air through the guarding industry."
The remote monitoring trend is catching on, with a number of large U.S. central station monitoring firms jumping into the mix. Firms like EMERgency24, Affiliated Central, ADT and others now offer remote video monitoring and guard tour operations such as Lamont mentions in addition to traditional services like burglar alarm monitoring and personal emergency response services.