Analyst Ananda Baruah at Brean Capital maintained a Buy rating for shares of Seagate Technology PLC (NASDAQ:STX), along with a Price Target of $42 for the stock. The analyst in a research note on the company mentioned that the market for video surveillance is a much larger one and is also growing at much steadier pace than expected.
With video storage, playback and single-point intelligence at its its core, the ‘Matrix Intelligence’ range offers intelligent analysis for big data and computing resource scheduling. Dispersed resources for intelligent analysis helps quickly locate important clues at the crucial moment, which is why Huawei is pitching the range at safe city projects.
Transparency Market Research has released a new market report entitled Video Surveillance and VSaaS Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024. According to this report, the global video surveillance and VSaaS market revenue stood at US$21.19B in 2015 and is expected to reach US$88.25B by 2024, at a CAGR of 17.0% from 2016 to 2024.
Video surveillance system consists of many appliances. Any appliance that enables embedded image capture capabilities that allows video images or extracted information to be compressed, stored, or transmitted over communication networks or digital data link is the part of video surveillance system. Video surveillance systems are increasingly being used in security systems and with good reason. Even the presence of video cameras acts as a deterrent to potential criminals. Possible dangers are also detected at an early stage. Given the ever-growing sources of danger and increasing losses, video surveillance is an extremely valuable and economical means of improving the security of people, buildings, and valuables.
As published previously on SecurityHive, Samsung Electronics announced that it has entered into an agreement to sell its shares of Samsung Techwin to Hanwha Group. With the stock purchase, Hanwha Group will become Samsung Techwin’s largest shareholder. Samsung Techwin has achieved incredible growth globally in the professional security industry over the past several years.
How will the electronic access control industry embrace the cloud in the coming years? Will governments see the value in using commercial cloud resources? Will governments create standards and best practices to ease restrictions on cloud storage across borders? Will operational expenditure (opex) options open the door to more SMB adoption? With the cost per door coming down for access control solutions? Will the market opportunity for access control as a service (ACaaS) be negatively impacted?
Intertech Security, an independent security systems integrator based in Pittsburgh, PA, today announced that it has acquired Accent Electronic Systems Integrators, Inc. (Accent ESI), a privately-held, certified system integration firm, headquartered in Bridgeville, PA.
More than 20,000 security professionals from 80 countries are expected to attend the ASIS International (ASIS) 2014 60th Annual Seminar and Exhibits taking place 29 Sept.-02 Oct. at the Georgia World Congress Center in Atlanta, GA. The conference will also include the colocated (ISC)² Security Congress 2014, and will provide offerings ranging from educational and general sessions to keynote addresses, and from educational roundtables to an exhibit hall featuring more than 600 companies.
Research Note: The North American PERS (Personal Emergency Response Systems) service market is forecast to grow from $700 million in 2014 to $1.5 billion in 2019. The main market drivers are a growing elderly population and the increased use of mPERS, according to a recently published report from IHS Inc.
The Duchossois Group, Inc. (TDG) announced today that it has acquired Controlled Products Systems Group , Inc. (CPSG), headquartered in Denver, Colorado . CPSG is one of the largest wholesale distributor s of perimeter access control solutions in the US , and supplies equipment to authorized dealers from coast to coast, offering t he highest quality and most widely recognized brands of access control pro ducts available on the market. Terms of the acquisition were not disclosed.