세계의 비디오 감시 시장 규모 : 컴포넌트별, 시스템 유형별, 최종사용자 산업별, 지역 범위별 및 예측

Video Surveillance Market Size And Forecast

Video Surveillance Market size was valued at USD 54.21 Billion in 2024 and is projected to reach USD 134.22 Billion by 2032, growing at a CAGR of 12% from 2026 to 2032.

The Video Surveillance Market refers to the global industry that provides products and services for monitoring, recording, and analyzing video footage to ensure security, safety, and business operations. This market is a comprehensive ecosystem that includes hardware, software, and services used by a wide range of end users, from individual consumers to large scale government and commercial entities.

At its core, the market is defined by the integration of several essential components:

Hardware: This includes all the physical devices used to capture video. The primary hardware is the camera, which can range from a basic analog camera to a high resolution, IP based smart camera. Other hardware components include digital video recorders (DVRs), network video recorders (NVRs), and storage solutions.

Software: This segment includes the applications and platforms used to manage, store, and analyze the captured video data. Modern video surveillance software leverages sophisticated features like video analytics, facial recognition, and motion detection to provide automated alerts and insights.

Services: This encompasses a wide array of offerings, including installation, maintenance, cloud based storage, and remote monitoring services. The trend towards Software as a Service (SaaS) models is a significant driver in this segment, as it allows users to access advanced capabilities without a large upfront investment.

Market Drivers and Applications

The growth of the video surveillance market is driven by several factors, including heightened security concerns, urbanization, and rapid technological advancements, particularly in areas like artificial intelligence (AI) and the Internet of Things (IoT). The market's applications are vast and extend beyond traditional security. In commercial settings, video surveillance is used for retail loss prevention, monitoring employee productivity, and optimizing customer flow. For governments and law enforcement, it is crucial for public safety, traffic management, and crime deterrence. Furthermore, as technology becomes more accessible, it is increasingly being adopted for residential security and smart home applications.

Global Video Surveillance Market Drivers

The video surveillance market is undergoing rapid and sustained growth, fueled by a confluence of social, economic, and technological factors. The industry has evolved far beyond simple security cameras, becoming an integrated ecosystem of hardware, software, and services. This article explores the primary drivers propelling this market forward and shaping its future landscape.

Increasing Security Threats and Crime Rates: A foundational driver of the video surveillance market is the global concern over rising security threats and crime rates. From organized crime to terrorism, the need for proactive and reactive measures to ensure public safety has become paramount. This has driven governments, law enforcement agencies, and private businesses to invest heavily in robust surveillance systems. Modern systems are not only used for post event analysis but also for real time threat detection and crime prevention, acting as a visual deterrent and providing critical, immediate intelligence to first responders. This demand for enhanced security infrastructure is a constant and powerful engine for market growth across all sectors.

Government Regulations, Mandates, and Public Policy Initiatives: Governments worldwide are playing an increasingly active role in the adoption of video surveillance through new regulations and public policy initiatives. Many jurisdictions now mandate the installation of surveillance systems in public areas such as airports, train stations, and public squares. Furthermore, regulatory compliance requires businesses in certain sectors, including banking, transportation, and retail, to have specific surveillance capabilities. Initiatives aimed at creating smart cities are also a major catalyst, integrating surveillance technology for everything from traffic management to public safety monitoring. These top down mandates create a predictable and non negotiable demand, providing a stable foundation for the market's expansion.

Technological Advancements: Rapid technological innovation is transforming the video surveillance market. The integration of artificial intelligence (AI) and machine learning has revolutionized how data is processed, enabling systems to perform advanced video analytics such as facial recognition, object tracking, and behavioral analysis. High resolution cameras with 4K and 8K capabilities provide unparalleled image clarity, while cloud based storage and IoT connectivity offer flexible and scalable solutions. These advancements shift the value proposition of surveillance from simple recording to generating actionable, real time insights, making it a powerful tool for operational efficiency in commercial settings and a cornerstone of modern public security.

Declining Costs and Better Hardware Availability: The economic accessibility of video surveillance technology has significantly expanded the market's reach. The cost of manufacturing cameras, storage solutions, and network components has steadily declined, making these systems more affordable for a wider range of customers. This decline has spurred the adoption of surveillance technology by small and medium sized businesses and, most notably, in the residential security sector. The availability of easy to install, wireless hardware and user friendly software has democratized the technology, allowing individual consumers to secure their homes without requiring professional installation or a large capital investment.

Urbanization and Expansion of Infrastructure: The global trend of urbanization is a major driver of the video surveillance market. As more people move to cities, the need for enhanced security and more efficient management of public spaces and services becomes critical. Surveillance systems are essential for crowd control, managing traffic flows, and securing expanding transportation networks and other critical infrastructure. New construction projects, including residential towers, commercial complexes, and industrial parks, are designed with integrated security systems from the outset. This ongoing infrastructure expansion in both developed and developing regions creates a continuous demand for advanced video surveillance solutions.

Global Video Surveillance Market Restraints

While the video surveillance market is experiencing significant growth, it is not without its challenges. Several key restraints impact its adoption, deployment, and long term sustainability. These factors can slow market expansion, increase operational complexities, and require businesses and governments to carefully weigh the costs and risks against the benefits. This article examines the primary restraints holding back the full potential of the video surveillance industry.

High Initial Investment and Capital Costs: A major barrier to entry for many potential customers is the high initial investment and capital costs associated with setting up a comprehensive video surveillance system. This includes the cost of cameras, network video recorders (NVRs), servers, and professional installation. For large scale projects, such as city wide surveillance or extensive corporate campuses, these upfront costs can be prohibitive. While the price of individual components has decreased, the expense of building a complete, integrated system including cabling, power, and high capacity storage remains substantial, limiting adoption by small businesses and individual consumers.

Data Privacy Regulations and Ethical Concerns: One of the most significant non technical restraints is the complex landscape of data privacy regulations and ethical concerns. As surveillance technology becomes more sophisticated, issues related to consent, data storage, and the potential for misuse become more prominent. Regulations like the European Union's General Data Protection Regulation (GDPR) impose strict rules on the collection and processing of personal data, including video footage of individuals. Public and ethical scrutiny regarding mass surveillance, the potential for discriminatory use of technologies like facial recognition, and the impact on personal freedoms can lead to public opposition and policy level restrictions, which can directly affect market growth.

Cybersecurity Risks and Vulnerabilities: The increasing reliance on IP based cameras and network connected systems introduces significant cybersecurity risks and vulnerabilities. Surveillance networks are attractive targets for hackers who can exploit weak passwords, unpatched firmware, or misconfigured settings to gain unauthorized access to live feeds, tamper with recorded footage, or use the network as a launchpad for other cyberattacks. Data breaches involving sensitive video footage can have severe consequences for a business's reputation and lead to substantial legal and financial penalties. The need for constant monitoring, patching, and security updates creates an ongoing operational burden that can restrain market expansion.

Bandwidth, Storage, and Infrastructure Limitations: The sheer volume of data generated by high resolution cameras creates major bandwidth, storage, and infrastructure limitations. High definition and 4K video streams require significant network bandwidth, which can strain existing IT infrastructure, especially in remote or less developed areas. Moreover, storing months or even years of high resolution video footage requires massive storage capacity, which can be costly and challenging to manage. While cloud storage offers scalability, it introduces recurring costs and can be subject to its own set of latency and security challenges. These technical constraints often require expensive infrastructure upgrades, which can act as a restraint on large scale deployments.

Technical Complexity and Integration Challenges: Despite advancements in user friendly software, the installation and integration of a video surveillance system can be technically complex. Integrating a new system with existing security and IT infrastructure, such as access control systems, fire alarms, and network management tools, requires specialized expertise. Different vendors' hardware and software may not be compatible, leading to vendor lock in and significant integration challenges. The complexity of configuring advanced features like video analytics, setting up user access controls, and ensuring system redundancy can be daunting for businesses without a dedicated IT security team, thereby limiting adoption.

Global Video Surveillance Market Segmentation Analysis

The Video Surveillance Market is segmented based on Component, System Type, End User Industry, and Geography.

Video Surveillance Market, By Component

Cameras

Hardware

Software

Services

Based on Component, the Video Surveillance Market is segmented into Cameras, Hardware, Software, Services. At VMR, we observe that the hardware segment, which includes cameras, storage devices, and networking equipment, is the dominant subsegment, commanding over 60% of the market share in 2024. This dominance is driven by the fundamental and persistent demand for the physical infrastructure required to capture video data. Key drivers include a global push for enhanced public safety and security, with end users in the commercial, government, and smart city sectors leading large scale deployments. The segment's growth is further fueled by technological trends, particularly the widespread shift from traditional analog systems to IP based architectures. The increasing adoption of high resolution and 4K cameras, along with the integration of AI powered edge analytics directly into camera hardware, has elevated unit prices and solidified its revenue contribution.

Regionally, the Asia Pacific market holds the largest revenue share, reflecting a high volume of new hardware installations driven by rapid urbanization and government led infrastructure projects. The second most dominant subsegment is software, including video management software (VMS) and, most notably, video analytics platforms. While a smaller component in terms of initial capital, the software segment is one of the fastest growing, with the video analytics market alone experiencing a high double digit CAGR. Software's value lies in its ability to transform raw footage into actionable intelligence through features like facial recognition, object detection, and behavioral analysis, making surveillance systems more proactive and efficient. Its growth is particularly strong in North America, where businesses and public safety agencies prioritize intelligent, data driven security solutions. Finally, the services subsegment, which encompasses installation, maintenance, and the rapidly expanding Video Surveillance as a Service (VSaaS) model, plays a critical supporting role. This segment is experiencing a strong CAGR as businesses shift from capital expenditure (CapEx) to operational expenditure (OpEx) models, preferring cloud based solutions that offer scalability, remote accessibility, and lower upfront costs. Services are crucial for enabling seamless and continuous operation, and their growth highlights the market's evolution toward more flexible and subscription based solutions.

Video Surveillance Market, By System Type

Analog Video Surveillance Systems

IP based Video Surveillance Systems

Based on System Type, the Video Surveillance Market is segmented into Analog Video Surveillance Systems and IP based Video Surveillance Systems. At VMR, we observe that IP based Video Surveillance Systems have emerged as the dominant subsegment, accounting for a significant majority of the market's revenue share and projected to grow at a robust CAGR of approximately 12.1% from 2023 to 2030, reaching an estimated USD 80.94 billion by the end of the forecast period. This dominance is fundamentally driven by the ongoing global trend of digitalization and the increasing demand for advanced, scalable, and interconnected security solutions. IP based systems offer superior image quality in high definition and 4K, which is critical for facial recognition and detailed event analysis, and their network native architecture facilitates the seamless integration of cutting edge technologies like video analytics, AI powered object detection, and cloud based management. Geographically, this segment's growth is particularly pronounced in rapidly urbanizing regions such as Asia Pacific, with China and India at the forefront, as well as in mature markets like North America, where significant investments are being made in smart city initiatives and critical infrastructure protection.

Key end users driving this segment's adoption include government bodies for public safety, transportation networks, and large commercial enterprises seeking enhanced operational efficiency and loss prevention. The second most dominant subsegment is Analog Video Surveillance Systems, which, despite a declining market share, still holds a place due to its lower initial investment and simplicity of installation, particularly for small businesses and residential applications. While analog technology is limited in resolution and lacks the advanced features of its IP counterpart, it serves as a foundational and cost effective option for basic surveillance needs. Finally, the remaining subsegment, Hybrid Video Surveillance Systems, plays a crucial supporting role by providing a transitionary solution. These systems enable organizations to bridge the gap between their existing analog infrastructure and a phased upgrade to IP technology, thereby allowing them to leverage their past investments while gradually adopting modern capabilities. This segment is expected to see a considerable CAGR, as it offers a flexible and scalable pathway for companies to modernize their security without the need for a complete system overhaul.

Video Surveillance Market, By End User Industry

Commercial

Residential

Industrial

Government and Public Sector

Based on End User Industry, the Video Surveillance Market is segmented into Commercial, Residential, Industrial, and Government and Public Sector. At VMR, we observe that the Commercial segment has emerged as the dominant subsegment, accounting for a significant majority of the market's revenue share, with some reports indicating it holds approximately 40% of the market in 2024. This segment's dominance is fundamentally driven by the escalating demand for advanced security solutions across various industries to combat rising threats such as theft, vandalism, and unauthorized access. Key drivers include the critical need for loss prevention in retail, the protection of sensitive data and assets in banking and finance, and the optimization of operational efficiency in corporate offices and warehouses. The integration of cutting edge technologies like AI powered video analytics for customer behavior analysis, foot traffic monitoring, and queue management is further propelling this subsegment's growth, particularly in rapidly urbanizing regions such as Asia Pacific and mature markets like North America, where businesses are investing heavily in smart security infrastructure.

Following closely, the Government and Public Sector subsegment represents the second most dominant and is projected to be the fastest growing during the forecast period. This growth is fueled by large scale government initiatives centered on enhancing public safety, implementing smart city projects, and protecting critical infrastructure like transportation hubs and public facilities. The strategic deployment of high resolution cameras and analytics to improve crowd management, prevent crime, and ensure traffic flow is a key factor driving robust investment from government bodies worldwide. Finally, the remaining segments of Industrial and Residential play crucial supporting roles in the market's ecosystem. The Industrial segment's adoption is spurred by the need to protect valuable assets, monitor large scale operations, and ensure safety compliance on construction sites and in manufacturing facilities. Meanwhile, the Residential segment, while smaller in scale, continues to grow steadily, driven by the increasing availability of affordable, user friendly home security systems and a heightened sense of personal safety among homeowners, particularly in the context of the growing smart home trend.

Video Surveillance Market, By Geography

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

This analysis provides a comprehensive overview of the video surveillance market's performance across key geographical regions, highlighting the unique dynamics, drivers, and trends that define each area's contribution to the global landscape.

United States Video Surveillance Market

The U.S. market is a mature and highly lucrative segment, driven by rapid technological advancements and a strong emphasis on public and private security. The early adoption of new technologies, particularly IP based systems and AI powered video analytics, positions the U.S. as a leader in innovative surveillance solutions. The market is fueled by robust demand from the commercial sector, including retail and enterprises, for loss prevention and operational efficiency. Additionally, significant investments in smart city initiatives and the protection of critical infrastructure by government bodies are key growth drivers. The presence of major market players and a focus on data privacy and cybersecurity regulations also shape this competitive landscape.

Europe Video Surveillance Market

The European market is characterized by a high degree of technological sophistication and a complex regulatory environment, most notably the General Data Protection Regulation (GDPR). This has spurred the development of advanced surveillance systems with a strong focus on privacy by design principles, including data anonymization and secure storage. Growth is primarily driven by the need for enhanced security in public spaces, transportation networks, and commercial establishments. The rise of smart city projects in Western Europe and the increasing adoption of cloud based Video Surveillance as a Service (VSaaS) solutions, especially among small and medium sized enterprises (SMEs), contribute significantly to market expansion.

Asia Pacific Video Surveillance Market

The Asia Pacific region stands out as the largest and fastest growing market globally. This dominance is attributed to a combination of rapid urbanization, large scale government investments in public security, and a growing middle class. Countries like China and India are at the forefront, with widespread deployment of surveillance systems for city wide monitoring and infrastructure development. Key drivers include government initiatives for public safety, a booming commercial sector, and the availability of cost effective surveillance equipment from local manufacturers. The high adoption of AI and deep learning for facial recognition and behavior analysis is a notable trend, despite some privacy concerns.

Latin America Video Surveillance Market

The Latin American market is experiencing significant growth, primarily driven by rising crime rates and the consequent demand for enhanced security measures from both the private and public sectors. Governments are increasingly investing in city surveillance and law enforcement technologies to combat security challenges. The market is also propelled by the expansion of the commercial and residential segments, where businesses and homeowners are seeking affordable and effective surveillance solutions. While technological adoption is accelerating, factors such as economic stability and infrastructure development play a crucial role in shaping the market's trajectory across different countries in the region.

Middle East & Africa Video Surveillance Market

The Middle East & Africa (MEA) region is a high potential market, with growth driven by large scale infrastructure projects, particularly in the Gulf Cooperation Council (GCC) countries. The focus on creating smart and safe cities for tourism and economic diversification is a major catalyst for market expansion. The oil and gas industry, along with other critical infrastructure sectors, heavily relies on advanced surveillance for security and operational monitoring. The African market is also showing strong growth, driven by increasing security concerns and government initiatives aimed at modernizing public safety infrastructure.

Competitive Landscape

The video surveillance market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the video surveillance market include:

Hikvision Digital Technology Co., Ltd.

Dahua Technology Co., Ltd.

Axis Communications AB

Bosch Security Systems

Hanwha Techwin (formerly Samsung Techwin)

Avigilon (an Assa Abloy Group company)

Sony Corporation

Panasonic Corporation

FLIR Systems, Inc.

Cisco Systems, Inc.

Genetec, Inc.

Milestone Systems

Honeywell International, Inc.

Zebra Technologies Corporation

BriefCam (a NICE Systems company)

Ubiquiti Networks, Inc.

AxxonSoft

Geovision, Inc.

Arecont Vision

Pelco by Schneider Electric

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 MARKET DEFINITION
• 1.2 MARKET SEGMENTATION
• 1.3 RESEARCH TIMELINES
• 1.4 ASSUMPTIONS
• 1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

• 2.1 DATA MINING
• 2.2 SECONDARY RESEARCH
• 2.3 PRIMARY RESEARCH
• 2.4 SUBJECT MATTER EXPERT ADVICE
• 2.5 QUALITY CHECK
• 2.6 FINAL REVIEW
• 2.7 DATA TRIANGULATION
• 2.8 BOTTOM UP APPROACH
• 2.9 TOP DOWN APPROACH
• 2.10 RESEARCH FLOW
• 2.11 DATA AGE GROUPS

3 EXECUTIVE SUMMARY

• 3.1 GLOBAL VIDEO SURVEILLANCE MARKET OVERVIEW
• 3.2 GLOBAL VIDEO SURVEILLANCE MARKET ESTIMATES AND FORECAST (USD BILLION)
• 3.3 GLOBAL VIDEO SURVEILLANCE MARKET ECOLOGY MAPPING
• 3.4 COMPETITIVE ANALYSIS: FUNNEL DIAGRAM
• 3.5 GLOBAL VIDEO SURVEILLANCE MARKET ABSOLUTE MARKET OPPORTUNITY
• 3.6 GLOBAL VIDEO SURVEILLANCE MARKET ATTRACTIVENESS ANALYSIS, BY REGION
• 3.7 GLOBAL VIDEO SURVEILLANCE MARKET ATTRACTIVENESS ANALYSIS, BY COMPONENT
• 3.8 GLOBAL VIDEO SURVEILLANCE MARKET ATTRACTIVENESS ANALYSIS, BY SYSTEM TYPE
• 3.9 GLOBAL VIDEO SURVEILLANCE MARKET ATTRACTIVENESS ANALYSIS, BY END USER INDUSTRY
• 3.10 GLOBAL VIDEO SURVEILLANCE MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
• 3.11 GLOBAL VIDEO SURVEILLANCE MARKET, BY COMPONENT (USD BILLION)
• 3.12 GLOBAL VIDEO SURVEILLANCE MARKET, BY SYSTEM TYPE (USD BILLION)
• 3.13 GLOBAL VIDEO SURVEILLANCE MARKET, BY END USER INDUSTRY (USD BILLION)
• 3.14 GLOBAL VIDEO SURVEILLANCE MARKET, BY GEOGRAPHY (USD BILLION)
• 3.15 FUTURE MARKET OPPORTUNITIES

4 MARKET OUTLOOK

• 4.1 GLOBAL VIDEO SURVEILLANCE MARKET EVOLUTION
• 4.2 GLOBAL VIDEO SURVEILLANCE MARKET OUTLOOK
• 4.3 MARKET DRIVERS
• 4.4 MARKET RESTRAINTS
• 4.5 MARKET TRENDS
• 4.6 MARKET OPPORTUNITY
• 4.7 PORTER'S FIVE FORCES ANALYSIS
  • 4.7.1 THREAT OF NEW ENTRANTS
  • 4.7.2 BARGAINING POWER OF SUPPLIERS
  • 4.7.3 BARGAINING POWER OF BUYERS
  • 4.7.4 THREAT OF SUBSTITUTE GENDERS
  • 4.7.5 COMPETITIVE RIVALRY OF EXISTING COMPETITORS
• 4.8 VALUE CHAIN ANALYSIS
• 4.9 PRICING ANALYSIS
• 4.10 MACROECONOMIC ANALYSIS

5 MARKET, BY COMPONENT

• 5.1 OVERVIEW
• 5.2 GLOBAL VIDEO SURVEILLANCE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY COMPONENT
• 5.3 CAMERAS
• 5.4 HARDWARE
• 5.5 SOFTWARE
• 5.6 SERVICES

6 MARKET, BY SYSTEM TYPE

• 6.1 OVERVIEW
• 6.2 GLOBAL VIDEO SURVEILLANCE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY SYSTEM TYPE
• 6.3 ANALOG VIDEO SURVEILLANCE SYSTEMS
• 6.4 IP BASED VIDEO SURVEILLANCE SYSTEMS

7 MARKET, BY END USER INDUSTRY

• 7.1 OVERVIEW
• 7.2 GLOBAL VIDEO SURVEILLANCE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY END USER INDUSTRY
• 7.3 COMMERCIAL
• 7.4 RESIDENTIAL
• 7.5 INDUSTRIAL
• 7.6 GOVERNMENT AND PUBLIC SECTOR

8 MARKET, BY GEOGRAPHY

• 8.1 OVERVIEW
• 8.2 NORTH AMERICA
  • 8.2.1 U.S.
  • 8.2.2 CANADA
  • 8.2.3 MEXICO
• 8.3 EUROPE
  • 8.3.1 GERMANY
  • 8.3.2 U.K.
  • 8.3.3 FRANCE
  • 8.3.4 ITALY
  • 8.3.5 SPAIN
  • 8.3.6 REST OF EUROPE
• 8.4 ASIA PACIFIC
  • 8.4.1 CHINA
  • 8.4.2 JAPAN
  • 8.4.3 INDIA
  • 8.4.4 REST OF ASIA PACIFIC
• 8.5 LATIN AMERICA
  • 8.5.1 BRAZIL
  • 8.5.2 ARGENTINA
  • 8.5.3 REST OF LATIN AMERICA
• 8.6 MIDDLE EAST AND AFRICA
  • 8.6.1 UAE
  • 8.6.2 SAUDI ARABIA
  • 8.6.3 SOUTH AFRICA
  • 8.6.4 REST OF MIDDLE EAST AND AFRICA

9 COMPETITIVE LANDSCAPE

• 9.1 OVERVIEW
• 9.2 KEY DEVELOPMENT STRATEGIES
• 9.3 COMPANY REGIONAL FOOTPRINT
• 9.4 ACE MATRIX
  • 9.4.1 ACTIVE
  • 9.4.2 CUTTING EDGE
  • 9.4.3 EMERGING
  • 9.4.4 INNOVATORS

10 COMPANY PROFILES

• 10.1 OVERVIEW
• 10.2 HIKVISION DIGITAL TECHNOLOGY CO., LTD.
• 10.3 DAHUA TECHNOLOGY CO., LTD.
• 10.4 AXIS COMMUNICATIONS AB
• 10.5 BOSCH SECURITY SYSTEMS
• 10.6 HANWHA TECHWIN (FORMERLY SAMSUNG TECHWIN)
• 10.7 AVIGILON (AN ASSA ABLOY GROUP COMPANY)
• 10.8 SONY CORPORATION
• 10.9 PANASONIC CORPORATION
• 10.10 FLIR SYSTEMS, INC.
• 10.11 CISCO SYSTEMS, INC.
• 10.12 GENETEC, INC.
• 10.13 MILESTONE SYSTEMS
• 10.14 HONEYWELL INTERNATIONAL, INC.
• 10.15 ZEBRA TECHNOLOGIES CORPORATION
• 10.16 BRIEFCAM (A NICE SYSTEMS COMPANY)
• 10.17 UBIQUITI NETWORKS, INC.
• 10.18 AXXONSOFT
• 10.19 GEOVISION, INC.
• 10.20 ARECONT VISION
• 10.21 PELCO BY SCHNEIDER ELECTRIC