According to a report released this month by Research and Markets, the global CCTV market is expected to grow by 23 percent annually from 2008 to 2012.
The report, "Global CCTV Market Analysis (2008-2012)," cites the biggest reasons for the growth as being ever increasing safety and security concerns across the globe.
The report also found that:
â€¢ The demand for CCTV systems is due to the growth being experienced in the IP video solutions markets rather than analog.
â€¢ While North America and Europe account for more than 85 percent of the worldwide CCTV market, there is expected to be an increased demand from the Asia-Pacific region over the next several years.
â€¢ Intelligent video surveillance solutions (video analytics) are becoming more popular and are also helping to drive the CCTV market.
â€¢ And, several industries, such as transportation, retail and healthcare present opportunities for the market.
For more information about the report and its findings visit http://www.researchandmarkets.com/research/b63bb1/global_cctv_market for more details.