A recent article on where the video surveillance market is headed had significant “head nodding” and agreement inside of Viakoo. That starts with the overall outlook for the market; it stands today at $21.4 billion, and is expected to grow at 23% annually through 2019. The combination of world events, new uses for video surveillance, and growth driven by new analytics applications all demonstrate the market is both healthy and innovative. That puts the growth rate for video surveillance into the same league as known “high growth” markets like drones (28%), Big Data (25%), and e-books (18%). Note that by comparison the following markets have significantly lower growth rates for that same period: lithium-ion batteries (14%), digital classroom technology (11%), and cyber-security (12%). (Note: the CAGR numbers except for video surveillance are courtesy of Gartner).
