The video surveillance industry is expanding rapidly due to rising security needs combined with a spate of technological innovations-including the migration to digital, fully networked systems, according to the market-research firm iSuppli Corp.

"With the emergence of networked internet protocol (IP) video surveillance cameras and IP video servers-along with the rising use of digital video recorders (DVRs)-video surveillance is moving beyond traditional security and into new applications such as transportation, retail, government and even home networking," says Mark Kirstein, vice president of multimedia content and services at iSuppli.

"This expansion is being helped considerably by the idea of networked video surveillance, which allows for greater flexibility, field upgradeability, increased automation and more intelligence to be incorporated into the overall system. Because of this, IP cameras will experience continued growth in surveillance, displacing existing closed circuit television (CCTV) cameras with modern technology that can be networked into larger security systems. Similarly, surveillance DVRs are transitioning into networked devices" Kirstein adds.

Global video surveillance camera revenue is forecast to grow to more than $9 billion by 2011, maintaining a compound annual growth rate (CAGR) of 13.2 percent up from $4.9 billion in 2006, iSuppli predicts. Meanwhile, video surveillance unit shipments will more than double to 65.7 million units in 2011, rising at a CAGR of 17.1 percent from 29.8 million in 2006.

The Construction Industry: Opportunities and Challenges

Technology affects every aspect of the way people live, learn, play, and work. However, today’s building environments are largely obsolete, and have not evolved to support these changing lifestyles. In addition, key trends are driving the need for building transformation—trends such as globalization of the workforce, the drive for environmental and social responsibility, and a growing, worldwide population. As user requirements evolve, buildings must adapt and change. Real estate professionals must take steps to transform the physical spaces of the future through technology innovation, delivering value-added, revenue generating services while streamlining the processes that create buildings and developments.  Public safety and intelligent security solutions are a must for virtually every real estate development.

Construction: A Solution for All Markets

The Virtual Patrol® intelligent video surveillance solution is a framework that positions you with “Intelligence at the Perimeter”; this concept will ultimately facilitate the transformation of public safety and security in the real estate industry. Virtual Patrol benefits all stakeholders in the design, construction, and real estate industries, as well as the users and tenants of the final built environment.

The Virtual Patrol® intelligent video surveillance becomes an intelligent building infrastructure and the foundation for change in any development project—adding value to deterrence for real estate projects in education, financial services, healthcare, commercial real estate, hospitality, and corporate real estate projects. This intelligent video surveillance building infrastructure creates an unprecedented opportunity for improved services, enhanced processes, and cost-effective operations for everyone who uses or creates buildings, worldwide.

With the connected real estate framework in mind, SensorWave has launched a brand new business line, Virtual Patrol®, that caters to the stakeholders in large residential and commercial real estate markets. Virtual Patrol® is specifically tailored to add value to individuals and companies that create and operate real estate for financial gain. With Virtual Patrol®, effective and efficient principles are applied to increase revenues, reduce cost, and consequently improve the bottom line, increasing shareholder value. Valuable lessons learned in applying the Virtual Patrol® framework to the residential and commercial real estate market will further enable SensorWave to address the real estate needs of all other real estate stakeholders.