In a down economy, high unemployment rates and tumbling stock prices are not the only factors that you have to worry about—increasing crime rates are another crucial factor. It seems inevitable that whenever things get a little tough the number of robberies, violent crimes, and other related activities are sure to come. But there is a silver lining, and that is the growing technology of video surveillance.
According to market research firm, IMS Research, the video surveillance storage market is expected to reach $5.6 billion within the next three years. Although DVR systems are the current heavy hitter in the surveillance world, the sophisticated digital wave of new surveillance technologies such as IP SANs (Storage Area Networks) and Video Surveillance as a Service (VSaaS) are on the rise. This is because surveillance networks as well as VSaaS are much more scalable and flexible than that of traditional analog solutions.
However that does not mean that DVR solutions are a thing of the past, there are many end-users that prefer the analog approach. But with the technology of security solutions increasing every day, it seems that the future of the surveillance security industry is digital.