Video Surveillance Needs High Data LTE

Posted by Trystan L. Bass on Sep 22, 2016 6:00:00 AM
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Neo_Blog_VideoSurveillance.jpgThe eye in the sky is now connected to the Internet of Things. Some may think that’s creepy, but video surveillance is a necessity for high-security operations such as financial institutions and in crowd control situations. Even smaller-scale businesses such as retail shops and construction sites find video surveillance useful to prevent theft. According to Transparency Market Research, the global video surveillance and VSaaS market has is projected to grow at CAGR of 17.0% from 2016 to 2024. This market earned about $21 billion worldwide in 2015 and is expected to hit $88 billion by 2024. IP-based video surveillance is a big and growing part of this business – it’s is expected to grow rapidly at a CAGR of 24.2%.

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