Oyla announced significant growth in the perimeter security market as more organizations look to adopt advanced and multi-layered surveillance applications to mitigate risks and increase awareness. The company’s core LiDAR-based 3D sensor fusion camera allows organizations to take video beyond traditional use cases and expand capabilities through the layering of AI, IoT, and other IT-enabled solutions.
The demand for video surveillance in perimeter applications is increasing as risks evolve. A recent report by MarketsandMarkets projects that the perimeter security market will grow from $61.3 billion in 2020 to $96.5 billion by 2026. The rise in perimeter intrusions, theft, cross-border terrorism, illegal immigration, and other threats significantly impacts the rising demand for innovative solutions that transform security response into proactive mitigation.
LiDAR-based systems are becoming an increasingly popular choice for security and surveillance applications due to the technology’s accuracy, reliability, and cost-effective operation. As such, Oyla has created the world’s first mass-market camera and analytics solution that fuses lidar with high-performance video into a single camera that seamlessly integrates with existing physical security infrastructure while enabling more rapid and accurate decision making as well as greater safety.
Oyla, a sensor fusion and artificial intelligence company serving the physical security markets, today announced the world’s first mass market camera and analytics solution that fuses high- performance video and depth into a single camera. Leveraging the company’s deep expertise with depth sensors, system design, and machine vision, Oyla’s solution seamlessly integrates with existing physical security infrastructure, while enabling more rapid and accurate decision making as well as greater safety.