Global Intelligent Video Analytics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The latest trend gaining momentum in the market is rising trend of smart cities.
Smart cities ensure sustainable and efficient environments within buildings. An increasing number of developed and developing countries have smart cities that offer energy efficiency and improved security.
According to research, GCC Video Surveillance Storage market is projected to grow at a CAGR of 8.5% during 2017-2023. Countries such as Saudi Arabia and Kuwait have experienced a setback in video surveillance storage market in the last two years due to decline in oil prices. However, the market is expected to recover from 2017 onwards. Expansion and construction of new hotels, shopping malls and public infrastructures across GCC countries would spur the video surveillance storage market in GCC countries.
With the sophistication of video management and analytics software increasing and a surge in high-quality IP cameras, the video surveillance market is in the midst of a technological evolution. As a result, ABI Research, the leader in transformative technology innovation market intelligence, forecasts global value added services market revenues will top $10 billion by 2021. Data and analytics services, as well as device and application platform services, show the strongest revenue growth within the non-consumer video surveillance market.
Komodo Consulting, a leading cybersecurity consulting company, recently launched its newest service from its research arm, Peta.AI. Companies can receive free, customized reports that illustrate how individual organizations’ cyberattack surfaces appear to hackers. The corporate cyberattack surface report reveals the client’s exposure to cyber threats based on several indicators —geolocation, IP addresses, open and sensitive ports, vulnerable apps, compromised hosts, and leaked accounts— compiled from Peta.AI’s Open Internet, Deep Web, and Dark Net research.
Video surveillance, AKA closed-circuit television (CCTV), is not openly transmitted, though it may employ point to point (P2P), point to multipoint (P2MP), or mesh wired or wireless links. Though almost all video cameras fit this definition, the term is most often applied to those used for surveillance in areas that may need monitoring such as bars, banks, casinos, schools, hotels, airports, hospitals, restaurants, military installations, and other areas where security is needed.
The need for enhanced security and demand for gathering insights from customer behavior is driving the video analytics market globally. The market for video analytics is anticipated to expand at a CAGR of 20.6% during the forecast period from 2015 to 2023. The global video analytics market was valued at US$ 1,709.0 Mn in 2014. Some of the key factors driving the growth of the video analytics market include the expanding range of vertical applications, a growing trend toward bringing retail outlets and commercial premises under video analytics due to security concerns and the need to monitor and understand the environment around the premises.
Consumers see more clearly how home smart devices can directly benefit their lives, and are planning to purchase more smart home devices in the future. Those are the key insights from a consumer survey commissioned by PlumChoice, Inc., the leading provider of premium technical services for IoT and cloud brands, and the Z-Wave Alliance, an open consortium of leading global companies deploying Z-Wave. This second annual consumer benchmark survey 2016: Year of the Smart Device also highlights the need for companies to provide consumers a user experience that allows their smart home devices to fit easily into their lives.
Due to the fact that Universities and Institutes for Higher Learning have large amounts of legacy financial and health records, grant computer privileges to students with traditionally a lax security mindset, and house valuable research data hackers have taken notice. This is why higher education has become the second most targeted industry after Healthcare. Based on how stolen data can be monetized, various types of hackers have become interested for different reasons. In some cases, it has been nation-state actors that are more interested in the research data such as with the recent case of the Russian hacker known as Rasputin. In other cases, it has been an individual who was able to change passwords of email accounts or a disenfranchised student assistant who was terminated but maintained access to the system.
According to a new study commissioned by Schneider Electric, companies across industries are increasingly leveraging the cloud for security applications, with 42 percent of respondents indicating they currently run security applications in the cloud and almost half (45 percent) stating they are likely or extremely likely to transition security operations to the cloud in the future. Organizations utilize the cloud for existing applications including data storage, human resources, email, and security are eager to continue adopting it for security operations.
Editor’s Note: After much discussion, Security.World is publishing this announcement by Persistence Market Research for their most recent market research report Video Surveillance Storage Market: Global Industry Analysis and Forecast 2016 – 2022. This US$4,900 report seems compelling in its presentation of data and information. However, when inspecting the research companies that are claimed to be ‘key vendors’ – and the lack of well known physical security / video surveillance storage companies (i.e. Pivot3, Promise, Quantum, Spectra Logic, BCDVideo, etc) the entire article becomes suspect at best. Before spending $5,000 on market research, review many of the storage market leaders that Security.World showcases and decide if this report is worth your support.