Research Says Advanced Features Are Driving Growth in Video Market

Frost & Sullivan report says advanced technology now offered at a lower price is pushing forward the video surveillance market

In this regard, the Asia Pacific region has been highly successful, since it churns out the highest number of annual product modifications with low time to market for new or modified products.

"Asia Pacific is emerging as a strong market for video surveillance equipment both in terms of manufacturing and consumption," notes Banerjee.

In order to capitalize on this boom, manufacturers from Europe and North America are diversifying their geographical reach. However, for long-term success, they need to develop a greater understanding of the local environment in terms of end-users' tastes and preferences, availability of distributors, and preferred mode of instructions.