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The impact of the downturn was more profound in the analogue video surveillance equipment market than in the network video surveillance market; end-user verticals that are analogue-centric were among the most heavily affected by the downturn.
Wong continues, "the global analogue video surveillance market is forecast to have contracted by more than 5% in 2009, whilst the network video surveillance market grew by more than 18%.
Conversely, the market for analogue video surveillance equipment, with the exception of China, is forecast to recover more slowly and to remain challenging for vendors, particularly as the enterprise market segment continues to transition quickly towards network video surveillance solutions and the low-end market becomes increasingly price competitive.