Security Roundtable: What's trending on the video surveillance horizon (Part 1)
Officer.com's partners in the security industry with Security Info Watch, that industry's largest site with a family of top magazine(s). At year's end, SIW hosted a rounttable discussing video surveillance trends. With perspective of several industry experts they examined "some of the larger, overarching issues that stand to shape the [security] industry."
It has been said that video surveillance is responsible for driving growth in the security industry as a whole and it is easy to see why many people feel that way. Anyone who has ever been to an industry tradeshow can personally attest to the fact that security camera vendors easily outnumber their security counterparts in show aisles by a wide margin. But despite its prominent position, video surveillance is also the product segment that is the most influx.
Pundits have long foreseen industry consolidation as inevitable and predictions of increased M&A activity in the market have certainly come to fruition. In the past two years, Canon has acquired both Milestone Systems and Axis Communications, two of biggest industry players in video surveillance software and hardware respectively. There have also been a number of other notable transactions during that same time span including FLIR’s recent purchase of DVTEL and Vicon’s acquisition of IQinVision in March 2014.
Consolidation aside, there are also a number of other elements that are having a big impact on the industry, as well as on the adoption of surveillance technology in general. SIWreached out to a number of industry experts to get their take on what developments we can expect to see unfold in market during 2016.
