A new report out from IDC indicates that just four years from now, you'll be selling more network cameras than analog cameras.
The study places shipments of network cameras at a compound annual growth rate of 82.8 percent from 2004 to 2009. The study indicated that in the same period, analog camera shipments will drop by an average of 4.4 percent.
Chris Chute, a senior analyst with Worldwide Digital Imagin Solutions and Services indicated that the growth bubble for network cameras will largely be focused on new installations.
"While network cameras usage will grow within both existing infrastructures and in new environments, most opportunity lies in new installations," said Chute. "Vendors are already penetrating new verticals."
The IDC Network Camera Forecast indicated that adoption of network camera technology will be driven by security/surveillance needs, and that the adoption will likely increase as the price continues to drop on these cameras.
The study was based on actual unit shipments of cameras in 2004 and uses forecast data from companies for 2005 through 2009. The study is based solely on the security/surveillance market, and does not include data on PC-based webcams or digital consumer camcorders or still cameras.