Pelco™ by Schneider Electric will be exhibiting products, solutions, and services for several market segment applications at ISC West 2019. Pelco will lead with its forthcoming cloud-enabled video surveillance service for commercial and enterprise scale deployments as part of its phased delivery of capabilities and services that ties Pelco’s VMS, VideoXpert, into their cloud-based architecture. Today’s video surveillance as a service (VSaaS) limits broader customer and System Integrator adoption with a common set of challenges.
Don’t look now, but video surveillance is hot. It was inevitable. The willing surrender of privacy and the fear of bad actors make a potent combination. Earlier this month, police in Dubai enlisted a new recruit. By the end of the year, a diminutive self-driving car will begin patrolling city streets. The robotic rig will feature cutting-edge video gear, networked facial-recognition software and an aerial drone, in case undesirables go off-road. Boosted by emerging technologies, video surveillance has become a service. And it is about to explode.
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.
Canon, world-leader in imaging solutions, announced a new Video Cloud IoT as a Service business based in California called ARCUS Global Inc. Owned by Canon Europe and built on the intellectual property, technology and expertise of Canon Group company, Milestone Systems, ARCUS Global Inc. will address the significant unmet global market demand from large enterprises for Video Cloud IoT as a Service for security and business optimisation. ARCUS Global, Inc., is a spin-off from Milestone Systems and is headquartered in California.
The recent attacks to national security and the rising crime activities worldwide have compelled governments to scrutinize their existing security measures. The demand for resilient and secure infrastructure is therefore at all-time high. As governments and private organizations look for advanced technologies for improved security, the demand for video surveillance and VSaaS market will rise in response. Given the scenario, persisting investments in infrastructure such as railways, roads, airports, and communication networks are fuelling the demand for video surveillance and VSaaS solutions.
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.
With the Internet of Things (IoT) a hot topic throughout 2014, consumers and businesses are increasingly aware of the advantages of IP connectivity. And security professionals and business owners are keenly aware of the concept’s importance in ensuring the safety of their clients and organizations respectively. The new HD standard 4K or ‘Ultra HD’ have been two of the year’s most talked-about technologies and the next natural step in the industry’s ongoing endeavors to enhance image quality and greater surveillance coverage.
The new market research report titled IP Video Surveillance and VSaaS Market (Technologies, Applications, Services, Geography) – Industry Analysis, Trends, Share, Opportunities and Forecast, 2012 – 2020, published by Allied Market Research. North America is expected to experience highest share in IP Surveillance market by 2020. Asia Pacific is expected to grow with highest CAGR 44.3% during analysis period 2013-2020.
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Mumbai, Maharashtra, India, Wednesday, December 18, 2013 — (Business Wire India) As services have only just begun to roll out, the video surveillance-as-a-service (VSaaS) market in India is still at a nascent stage. Nevertheless, the deployment of cloud-based models, Government efforts to improve IT infrastructure, and rising awareness on the benefits of robust surveillance solutions will spur implementation of VSaaS. Considering the critical nature of providing video surveillance services, cementing the first mover advantage in this market is crucial for market participants. New analysis from Frost & Sullivan ( http://www.electronics.frost.com ), Strategic Analysis of Video Surveillance-as-a-Service Market in India , finds that while there were only 20,898 camera sites which could have been serviced by VSaaS solutions in 2012, the addressable market for VSaaS will rise steeply post 2016 due to government policies on electronics coming to fruition and the completion of several infrastructure projects to reach 441,742 units in 2018. “Increased infrastructure spending and the projected growth of multi-brand retail will fuel the VSaaS market in India. The cost and business benefits for end users, including better streamlined surveillance expenditure for enterprises, will further boost VSaaS popularity in the country” said Frost & Sullivan Analyst. Moreover, the transition to more efficient video compression technologies will enhance the value for customers and encourage VSaaS usage. The availability of robust bandwidth, along with storage will become key differentiators for the market. However, low penetration of broadband in India and relatively slow uptake of video surveillance will pose a challenge to […]