What’s driving increased adoption of IP Surveillance Systems over Analog Surveillance Systems?
Turkey offers an interesting scenario to study, where increasing foreign investments are spurring the construction of both public and private infrastructures. The rising construction sector coupled with increasing security concerns has further fueled the demand of more enhanced security systems including video surveillance systems — and a growing opportunity for system integrators and IT professionals who focus in this area.
The country accounts for largest market share in all the Middle-East video surveillance Market, both in terms of revenue and volume. Turkey is also featured amongst the top leading countries in adopting the IP based Surveillance system.
The Video Surveillance Market in the country is projected to touch $759 Million by 2021. Rising construction activity, 5% Y-o-Y, followed by increasing concerns about terrorist activities and security threats have spurred an increasing deployment of video surveillance systems in Turkey.
As Prijo Samuel, Senior Research Analyst, 6Wresearch, points out, “Over the years, Turkey has been witnessing a key trend i.e. shifting from analog to IP based surveillance systems. Additionally, rising IT infrastructure and IT spending in SME sector is also created substantial market opportunity for video surveillance players.”
He adds that Pan-Tilt-Zoom (PTZ) HD surveillance camera technology is making strong footprints in Turkey due to increasing deployment at major public and secured areas.
According to Akash Shukla, Research Associate, 6Wresearch, “Turkey would witness growth in video management and video analytics software due to upcoming smart city projects in Elazig, Aradhan, Kirsehir and Istanbul.”
Despite lethargic demand for analog video surveillance system, Hybrid Digital Video Recorders (HDVR) are increasingly used along with analog surveillance systems to utilize IP surveillance systems features.” Akash concluded.
Top Companies in Turkey’s video surveillance market include Axis Communications, Bosch Security Systems, Honeywell, LG, Mobotix, Panasonic, Pelco by Schneider Electric, S2 Security, Samsung Techwin, and Sony.
You can read more in-depth information about the opportunity in Turkey’s video surveillance market at 6W Research, including discussion of the competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers & restraints and key trends.
