The advent of IP/network camera is touted as the latest big disruption in the global security and surveillance market. Enabling viewing and recording of the video through web, video surveillance as a service (VSaaS) provides the users with an excellent way of data storage. With instant access to data and video stream, governmental and non-governmental organizations are moving forward to ensure better security and safety of the people.
Many companies are competing in the global video content analytics (VCA) and video surveillance as a service market, engaging in organic and non-organic activities to further their business and growth of the market. Recently, one of the key players in the market, Avigilon Corporation, announced in a press release that it will preview the new Avigilon Face and Vehicle Appearance Search video analytics technologies at ISC West 2017. While “Avigilon Face Appearance Search technology enables searching for a person by incorporating the unique characteristics of a face to find similar recorded footage of that person across a site”, “the Avigilon Vehicle Appearance Search technology enables users to quickly search recorded footage and find a specific vehicle across a site”, as mentioned in Yahoo Finance. Avigilon also announced the preview of its new Avigilon Unusual Motion Detection ("UMD") video analytics technology, which automatically detects unusual events.
At the same event, ISC West 2017, another key player, Bosch Security Systems introduced new intelligent devices, demonstrated the power of integrated security and communications solutions, and highlighted products and services to help customers increase revenue. According to Brian Wiser, President of Sales – North America, Bosch Security Systems, “Our solutions help integrators provide added value to customers by improving safety, increasing efficiency, and delivering business insights based on video data. These capabilities give our channel partners advantages over their competitors, helping them win business and drive growth.”
Acknowledging the competitive landscape of the global market and the scope of the market for future growth, BIS Research has compiled a report tilted ‘Global Video Content Analytics (VCA) and Video Surveillance as a Service (VSaaS) Market, Analysis and Forecast, 2017 – 2022’, emphasizing on the types of software, technology, architecture, service and application in the industry. According to the analyst at BIS Research, “The surveillance industry has seen a paradigm shift with the development of smarter and advanced IP/network camera. Increasing initiatives taken by the government of different regions to develop a strong infrastructure to prevent crimes and raise security awareness is leading to increased adoption of Video Surveillance as a Service (VSaaS) technology.”
The report identifies the potential market on the basis of geographical regions while calculating the highest revenue generating region and estimates the highest growth accordingly. The report also examines the key market players in the industry, with an overview of their financials, financial summary and SWOT analysis. Some of the key players which have been profiled in the report are Avigilon Corporation, Cisco, ADT Security, Bosch Security Systems, Mobotix AG and Verint systems.