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Article: Video Surveillance Market Maintains 10% Growth Despite Recession, with Better to Come, According to ABI Research.
- Article from:
- Business Wire
- Article date:
- April 1, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SCOTTSDALE, Ariz. -- The global economic downturn has slowed the expansion of video surveillance markets in 2008 and 2009. But they have nonetheless posted a healthy 10% growth rate which will accelerate - led by the retail and financial segments - as the economy starts to recover in 2010. In the United States, government funding provided through economic stimulus measures will further reinforce shipments and revenues.
"People and organizations are still buying video security systems, despite the recession," says ABI Research vice president and practice director Stan Schatt. "In fact, some large retailers have increased their deployments to counter ...