Video Surveillance Market Bounces Back
Novaira Insights releases its latest report, “The World Market for Video Surveillance Hardware and Software – 2022 edition”. A new report from Novaira Insights reveals that the global video surveillance market grew 16.4% in 2021 as restrictions on movement due to the COVID-19 pandemic eased. The report, “The world market for video surveillance hardware and software” shows that shipments of surveillance cameras and related equipment grew as pent-up demand was served. However, there was a shortage of components used for production of video surveillance equipment in 2021 and this led to higher prices for those components.
The Big 3 Suppliers of Video Surveillance Software
Genetec, Milestone Systems and Motorola Solutions have grown to become the “big 3” suppliers of video surveillance software, video analytics and managed services. According to a new report from Novaira Insights, the global market for video surveillance software and managed services was worth $2.2 billion in 2020 with around 69% of this outside China. However, the supply base outside China is very different to that of the Chinese domestic market.
Konica Minolta Launches FORXAI Video Security Solution
Konica Minolta announced the launch of FORXAI Video Security Solution (VSS), an offering that includes its FORXAI Video Security Solution for Intelligent Surveillance and point-of-entry solution FORXAI Video Security Solution for Secure Access. In support of this, Konica Minolta will build on its long-standing technology partnership with MOBOTIX in the U.S., strengthening the cooperation and support between the two companies. Joint logistic centers will support faster accessibility as well as a larger supply of high-end video technology solutions reaching locations in North, Central and South America.