Biometric CCTV market to hit $3.2 billion in 2016
Analysts project that the biometric CCTV market will be a $3.2 billion industry by 2016, with an annual growth rate of 33 percent; the security camera industry has already seen rapid growth as the private and public sector have installed surveillance systems to help combat crime and provide real-time information; over the next decade, analysts from the Homeland Security Research Corporation (HSRC) project that the next trend in this field will be the increasing integration of biometric technology into surveillance cameras; HSRC’s report projects that these technological developments will help drive the CCTV market and create significant growth opportunities for the security camera industry, biometric and IT systems manufacturers, and security systems integrators
Analysts project that the biometric CCTV market will be a $3.2 billion industry by 2016, with an annual growth rate of 33 percent.
The security camera industry has already seen rapid growth as the private and public sector have installed surveillance systems to help combat crime and provide real-time information. Over the next decade, analysts from the Homeland Security Research Corporation (HSRC) project that the next trend in this field will be the increasing integration of biometric technology into surveillance cameras.
Using automated biometric systems can help reduce costs and offer enhanced intelligence with automated features like biometric facial recognition capabilities and behavior detection.
For instance, in East Orange, New Jersey the police department has installed a sophisticated network of security cameras that can automatically detect when a crime is occurring. Using behavior recognition technology, the cameras can sense when a crime is about to occur and the system will automatically alert law enforcement agents, reducing response times from minutes to seconds.
HSRC’s report projects that these technological developments will help drive the CCTV market and create significant growth opportunities for the security camera industry, biometric and IT systems manufacturers, and security systems integrators.
