China’s video surveillance market had revenue of US$4.1 billion in 2007, an increase of 24.2% over 2006’s US$3.3 billion. The digital surveillance systems currently dominate the surveillance system market and are gradually replacing analog systems. However, the IP-based video surveillance market is growing rapidly and had over 25% of the total market at the end of 2007. In-Stat forecasts that use of digital video servers (DVSs) and Internet Protocol (IP) cameras will grow rapidly between 2008 and 2012, with CAGRs of 18.4% and 50.6%, respectively, and that the growth of DVR use will be rather stable, with a CAGR of 7.4%.
Thanks: Reportlinker/SMART IP VIDEO BLOG & NEWS