According to a new report from IMS Research, remote video monitoring is forecast to be the fastest growing service within the remote monitoring market. The remote video monitoring services market was worth nearly $250m across the Americas and EMEA in 2009, and is experiencing impressive growth which will continue to accelerate as the global economy recovers and technology improves.
According to report author and market analyst Ewan Lamont, remote video monitoring is good news for central stations and suppliers to the industry:“Everybody is a winner with remote video monitoring services. Alarm dealers can make bigger margins on remote video services compared to alarm monitoring, as well as generating revenue from increased equipment sales, installation and maintenance.” Lamont goes on to say: “Customers who are able to replace guards with a monitored system are reportedly seeing return on investment in a relatively short period of time. As for customers that do not have a manned guard to replace, insurance companies are listing remote video monitoring as an equivalent substitute and reducing premiums accordingly. Even telcos are benefiting from supplying the extra bandwidth that the video transmission requires.”
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