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| ONVIF companies command a significantly larger slice of the market than PSIA members |
ONVIF member companies command over 40% of worldwide video surveillance market revenues compared with the 25% taken by PSIA member companies. The difference is even more startling when put into the context of network video surveillance equipment. Here ONVIF member companies command nearly 60% of market revenues compared with the 20% share for PSIA member companies.
Senior research analyst Alastair Hayfield comments: "Instinctively it felt that ONVIF members had a greater market presence. However, it was a surprise to see quite how large the difference was." Hayfield continues: ''The move to a standards based approach for network video surveillance is an important one. It will help to drive the adoption of network video surveillance products and will greatly benefit end-users."
Hayfield continues: "The video surveillance industry has clearly decided that standards are desirable. Well over half of all video surveillance equipment sales can be attributed to companies in one or both of these standards bodies. In fact, 11 of the top 15 video surveillance vendors have joined either ONVIF or PSIA. Furthermore, many component manufacturers, analytics vendors and distributors, whose presence is not accounted for in the above analysis, have signed up to guide the future path of the network video surveillance market."
