Investing in a video security system is a great way to protect your people, property, and assets. However, it is important to understand the different costs involved before deciding.
There are two main types of costs associated with video security systems: capital expenditures (CapEx) and operating expenses (OpEx).
CapEx costs are incurred upfront when you purchase the system and its components. This includes the cost of the cameras, recorders, installation, and any other necessary equipment.
OpEx costs are incurred on an ongoing basis, to maintain and operate the system. This includes the cost of video storage, monitoring, and any other ongoing expenses.
The total cost of a video security system will vary depending on the size and complexity of your system. However, in general, CapEx costs are typically higher than OpEx costs.
Most projects begin with the agreeing the budget and on-premise solutions typically require a large upfront cost whereas with cloud, the up front costs are much lower and more scalable, but there are on-going monthly costs which can make it harder to agree budgets.