Home » Security Articles » Security Industry Bubble has Burst: Obama's Election to Reduce Demand for Security Products Significantly
Security Industry Bubble has Burst: Obama's Election to Reduce Demand for Security Products Significantly
Forecast Steep Declines in Sales of Video Surveillance, CCTV, IP Video and Other Security Products as Obama Reduces Funding for Security and Decreases Global Tensions
NEW YORK, NY, November 10, 2008 /Security PR News/ -- IP Video Market Info, the global leader in IP video surveillance, releases a special report examining how the election of Obama impacts the security industry.
The report contends that the US security industry has been in a bubble since 9/11 as the global war on terrorism spurred wasteful spending on security. Obama's election and the change of administrations, the report argues, will significantly reduce the funding and priority of security products.
The report provides specific, quantitative forecasts on growth rates for the US security industry and the government sector. These forecasts can help decision makers better plan for 2009.
"The video surveillance and security industries are heavily driven by global affairs and presidential administration. As such, all industry professionals must carefully assess the impact of this election," states John Honovich, founder of IP Video Market Info and leading expert on IP video surveillance. "We hope this report helps our industry better assess and understand how the industry will change in the upcoming months."
About IP Video Market Info
IP Video Market Info provides video surveillance news and analysis to help you make decisions on selecting and using IP video surveillance and CCTV solutions.
IPVideoMarket.info monitors and analyzes leading segments such as: IP cameras, megapixel cameras, NVRs, DVRs, IP video surveillance software, intelligent video, video analytics, storage clusters, wireless, PSIM, and IT convergence.
The site also monitors in-depth coverage of key video surveillance companies including 3VR, 3xLogic, ACTi, ADT, Aimetis, American Dynamics, Agent Vi, ArecontVision, Avigilon, Axis Communications, BRS Labs, Cieffe, Cernium, Cisco, ClickIt, Dedicated Micros, DIGIOP, DvTel, Envysion, Exacq, Flir, Genetec, Grandeye, IQinVision, Intransa, ipConfigure, Firetide, FluidMesh, IBM, Immervision, Indigovision, Intellivid,ioimage, IQinvision, LenSec, Milestone Systems, Mobotix, ObjectVideo, Orsus, Panasonic, Pelco, Pivot3, SightLogix, VideoIQ, Video-Insight, Vidsys and Vivotek.
Source: IP Video Market Info
Website: http://ipvideomarket.info
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Press Release Contact Information:
john honovich
IP Video Market Info
Founder
930 Kaheka St., #2901
honolulu, hi
US 96814
Voice: 6468671965
Fax: 8987876574
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