IMS Research logo; Europe forecasted to offer promising growth prospects for consumer CCTV surveillance vendor 
IMS Research suggests growth in Europe in could-based video surveillance

Remote home security is growing rapidly in Europe as cloud-based services become more readily available to householders, according to fresh insights from IMS Research, the leading independent provider of market research and consultancy to the global electronics industry.

IMS Research forecasts that the European cloud-based video surveillance market will grow by over 20 percent from 2010 to 2011. Although Europe is a strong market it is only 40 percent of the size of the Americas market.

William Rhodes, market analyst at IMS Research says, "Cloud-based video is enabling consumers to keep an active eye on their homes and businesses from wherever they are and at any time through an internet browser or smartphone application. This turns what was just a simple security application into a readily available and easy-to-use domestic service with a myriad of uses. For instance, people can reassure themselves that their children arrive safely from school; that their child minders are acting responsibly; their pets are well; or that the builders aren't slacking off."

Almost all of the security cameras sold into the European consumer market in 2010 were traditional CCTV cameras. Until now, successful applications of video used in the cloud for home or small business owners has often been integrated with home energy management systems and personal health monitoring. However, by utilising cloud video services for home security, the home video surveillance market will increase substantially over the coming years.

Leading companies that are offering this type of cloud video surveillance service include CamerManager.com, Y-Cam, NeoCam, Logitech, D-Link, VSG, IPeye, 1000eyes and Virgin Media's IP CCTV.

"One issue that has the potential to slow the growth of cloud based security cameras is concerns over where the video data is stored and who has access to that data," Rhodes adds. "But despite concerns about the cloud raised by the recent hacking of Sony PlayStation users' personal details, consumers demonstrate their trust in the cloud to complete many day-to-day tasks including online banking."

In case you missed it

What is the role of passwords in physical security?
What is the role of passwords in physical security?

Passwords originated in ancient times, used by Roman military forces around the first century BC. Since then, passwords have evolved from physical words to the computer access cont...

What Steve Jobs taught me about building better security technology
What Steve Jobs taught me about building better security technology

One of the best business lessons I learned didn’t come from business journals or the boardroom. It came from a biography: Steve Jobs by Walter Isaacson. If you haven’t...

Dahua secures Uzbekistan’s SQB with smart security
Dahua secures Uzbekistan’s SQB with smart security

The Sanoat Qurilish Bank (SQB) in Uzbekistan enhanced its security and operations with Dahua’s integrated solution, combining ANPR, under-vehicle scanning, facial recognition...