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. Organizations and agencies around the globe are prioritizing video data and looking to adopt a more proactive approach to security. 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, at a CAGR of 7.9% during the forecast period.