09/05/2013
Asia drives wireless infastructure market growth
London, UK
“Offering a relatively inexpensive solution compared to trenching cable, wireless infrastructure delivers a low-cost option for those who that want to establish surveillance networks,” said Josh Woodhouse, video surveillance analyst at IHS. “In regions with widespread existing video surveillance infrastructure, such as the United States or the United Kingdom, the adoption of wireless infrastructure for video surveillance is growing steadily. However, emerging regions that lack such infrastructure will generate the strongest growth in the world, causing the market for video surveillance wireless infrastructure gear to boom during the coming years.”
The global market for wireless infrastructure gear for video surveillance is expected to expand at a compound annual growth rate (CAGR) of 17 percent from 2011 through 2017. Global growth will be led by China, with a stunning 28.8 percent revenue CAGR during the period. The next fastest-growing region will be the rest of the Asia region—an area including India—which will increase by 27.9 percent. Mexico is set for a 23.1 percent CAGR, Brazil will rise by 17.4 percent, and the rest of South America will increase by 26.6 percent.
The Asian market is currently the smallest and least developed region for wireless infrastructure gear for video surveillance. However, Asia is forecast to grow the fastest among all global areas in the coming years, thanks to the region’s lack of any existing wired surveillance infrastructure, combined with the low cost of wireless and the booming demand for security.
Cisco Systems Inc. was the leading supplier of wireless infrastructure gear used in video surveillance in 2012, with an 11.7 percent share of global market revenue.