IHS Research Note: ‘Global Video Surveillance Market – Latest Trends’

In the latest Research Note to be produced by market analyst HIS, principal analyst Jon Cropley provides information on current trends in the market for video surveillance equipment.

According to recently published estimates issued by the Video Surveillance Intelligence Service (VSIS) at HIS, the world market for video surveillance equipment grew by almost 7% in 2013.

The VSIS also reveals that the ongoing transition from analogue to network equipment accelerated last year, with revenues from network solutions higher in all four major world regions analysed (ie the EMEA, the Americas, China and Asia).

IHS forecasts that the pace of transition will continue to be rapid in 2014 and 2015 before slowing slightly from 2016 onwards. In the next two years, a number of major vendors will continue focusing their efforts on network equipment at the expense of analogue.

According to recently published estimates issued by the Video Surveillance Intelligence Service (VSIS) at HIS, the world market for video surveillance equipment grew by almost 7% in 2013

Global video surveillance equipment revenue in 2014 is expected to rise to $15.0 billion, up from $13.5 billion in 2013.

IHS has just added new global and regional market statistics, forecasts and market share estimates to its Video Surveillance Intelligence Service.

Key findings about the video surveillance market

In addition to the trends above, other key findings include the following observations:

• A number of Chinese suppliers are estimated to have gained market share in regions outside China in 2013. They tend to offer products with low prices, and this has been a major factor in high average price erosion in those regions
• China is estimated to have been the largest regional market for video surveillance equipment, accounting for a third of global revenues in 2013
• In terms of revenues, last year the market for network cameras was much larger than the analogue camera market. However, unit shipments of network cameras are not forecast to exceed those of analogue cameras until later in the decade
• Forecasts for network cameras with 4 Megapixels and above have increased. Growth in demand for 180/360 degree network cameras and 4K cameras is a major reason
• The supply of video surveillance equipment remains highly fragmented. The 15 largest suppliers only accounted for just over half the market in 2013
• Although declining, shipments of analogue cameras and DVRs will remain high throughout the forecast period

The Shield Group awarded ten-year security contract at Bournemouth University

The Shield Group will now provide security services to both campuses during and beyond Bournemouth University’s ongoing structural transformation process.

The £3.6 million contract spans a ten-year period and comes at a significant time for Bournemouth University, which is in the midst of a £138 million transformation designed to further enhance its status in the academic world as a leading international institution.

Indeed, Bournemouth University is renowned for having one of the highest graduate employment rates in the UK. The figure currently stands at over 90%.

The Shield Group won the contract following the recent launch of a dedicated division for security guarding. The company will provide 13 skilled security officers to patrol the university’s two campuses, where they will manage student residences and lecture halls.

Key responsibilities for the officers will include static security guarding, reception services, entrance protection and car park management.

John Roddy: CEO of The Shield Group

Security at the widely-anticipated £10.5 million Student Centre – to be know as the Students’ Union at Bournemouth University (SUBU) – will also be provided by The Shield Group once construction is complete.

Growing portfolio of educational partners

The Shield Group’s contract with Bournemouth University – which began on 1 April 2014 – represents the eighth university in The Shield Group’s growing portfolio of educational partners. Indeed, it’s an area of security provision that the Group hopes to develop even further in the future.

With the addition of the University of Bournemouth, the fiscal size of Shield’s higher education portfolio now amounts to more than £3.2 million per year.

Other prominent universities for which The Shield Group currently provides its services include Cranfield University, New York University (London), The University of Portsmouth and The University of West London.

Heading the new project at Bournemouth University will be Stuart Macleod, regional director at The Shield Group. Macleod began his career as a microbiologist and subsequently served in accountancy before embarking on his career at The Shield Group, where he has now worked for over 16 years in senior management roles.

Macleod currently oversees a team of contract managers working on assignments from Portsmouth across to Wales and up to Scotland.

‘Customer First’ approach to security services

Speaking of the contract win, Stuart Macleod commented: “Following a highly competitive tender exercise, we’re delighted to partner with Bournemouth University and provide our comprehensive ‘Customer First’ approach to security services. We will be integrating our manpower and latest technological systems to create a safe and healthy environment across both campuses which is firmly centred on the well-being of students, staff and visitors.”

Macleod added: “We’re looking forward to working closely with the university over the next ten years. From my own perspective, I’m particularly proud to be leading the project. I hope to see this close partnership go from strength to strength as it progresses.”

John Roddy – CEO of The Shield Group – added: “In recent years, our understanding of the very particular requirements of the education sector, combined with our Total Security Solutions approach, has enabled us to develop genuine partnerships with a growing number of academic institutions. This is an area of special importance to us as we are fully aware of the complex security needs of educational establishments.”

Roddy went on to state: “We are able to achieve the many challenging targets set by this sector and fully anticipate that we’ll expand our presence in this field even further in the years ahead.”

With projected sales of over £80 million for the fiscal year 2014-2015, The Shield Group has been undergoing a major transformation of it sown since it was taken over in 2012 by Topsgrup (India’s leading and largest security company).

Since then, The Shield Group has launched four strategic verticals combining traditional manpower and innovative technology in order to deliver intelligent, risk-based Total Security Solutions to its customer base.