By the end of this year, shipments of video surveillance cameras for consumers in the Americas are expected to surpass those for the professional market, according to a new report from IMS Research. In "The World Market for Consumer and DIY Video Surveillance Equipment – 2012 Edition" report, IMS is projecting that shipments of analog security cameras will top three million in 2013.
Despite a difficult retail climate, IMS said that sales of analog video surveillance equipment through physical and online retailers have maintained strong growth.
"The Americas region is the largest and most mature regional market for consumer and DIY video surveillance equipment. The increased growth of analog camera shipments in this market coupled with the decline in analog unit shipments in the professional market means for the first time we are approaching a tipping point," said report author and IMS market analyst Josh Woodhouse in a statement.
Although the consumer market cannot match the revenues of commercial security camera installations, IMS says the high volume of analog camera shipments could extend the lifespan of the technology in the Americas.
"Whilst some of the trends and technology seen in the consumer video surveillance market feed directly from the professional space, the cost sensitive nature of the market and need for simple, easy-to-use products means the transition from analogue to network video surveillance is slower in the consumer market than in the professional," Woodhouse said.
For more information about the report, visit www.imsresearch.com.