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Research breakthroughs in areas like the Integrated Circuits technology, Digital Signal Processing and the growing implications of the convergence of Information and Communications Technology (ICT) based on the Internet Protocol has in turn had a great effect on the trends in the video surveillance industry and market. With the rising spate of crime and security challenges all over the world, there is a very urgent need for comprehensive security and surveillance solutions to augment human resources and efforts. The traditional CCTV systems which are analog based are now being replaced by Internet Protocol (IP) cameras or network video surveillance systems due to the growing availability of faster and cheap broadband internet access. There is continuous activity in the industry as manufacturing companies introduce products with better functionalities to survive in the keenly competitive market. The implications of the implementation of network cameras are numerous to companies, business enterprises, government corporations and even individuals. This paper therefore focuses on reviewing past, present and future trends in the IP video surveillance world as regards to technology and market developments with the aim of recommending it as a tool for optimum efficiency for security agencies.