Telindus Focuses on Surveillance Automation and Takes Top Five Position in Major Market Study
01 November 2005
Telindus Surveillance Solutions, part of the Telindus Group, have recently introduced the concept of Surveillance Automation into the security and monitoring market by linking its world class video surveillance to next generation image processing and recognition techniques. Recent market research demonstrates the strength of this market and the opportunities ahead.
IMS Research, known for its high quality market research, estimated that the world market for video servers was worth $90.8 million in 2004, and forecasts that it will grow at a CAGR of 45.2% to reach $585.2 million by 2009. Within the video server market Telindus is ranked a respectable fifth place as a niche player in transportation and defence markets, behind the mid-range players in the video server market but ahead of many more established CCTV brands.
The report from IMS Research looks at the market growth in different application areas commenting that 'Particularly high growth is forecast for transport related industries, such as airports, ports and railways as these are at high risk of terrorist attacks.' The report also highlights the dramatic rise in video content analysis that is forecast for the coming years, and also forecasts that by 2009 the market will be worth $839.2 million. IMS Research predicts that content analysis algorithms will increasingly be embedded in front-end surveillance equipment, such as IP cameras, video servers and NVRs, and that by 2009 embedded applications will account for around 60% of the video analysis software market.
Ken Sutherland, Telindus Director for Surveillance Solutions commented 'The growth in the video server market and our strong position within this market is great news for us. The recent win for Telindus as part of the UK Highways Agency £490 million National Road Telecoms Services project demonstrates that position. The trend towards video content analysis is particularly interesting for the future and mirrors what we see in the market. Our new strategic move towards Surveillance Automation will see us providing next generation image processing technology integrated with our high quality video surveillance and management solutions.'
The reports from IMS Research are based on interviews with over 100 companies in the security industry, as well as data and statistics derived from relevant news sources, annual reports, and the Internet.
