New York, December 23, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Video Surveillance Systems Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” – https: // www .reportlinker.com / p06192780 /? utm_source = GNW
These next-generation cameras are well-equipped with high-performance computing power and video analysis, allowing users to transform real-time images into big data analysis. As part of social distancing practices and standards, several video analysis techniques have been routinely deployed to take precautionary measures, including queue management, people counting, crowd detection, and detection. personal protective equipment (PPE).
The growth of the video surveillance market is expected to be fueled by the introduction of new digital IP-based technologies to detect and prevent unwanted behavior, such as shoplifting, theft, vandalism and terrorist attacks. “Video surveillance is adopted across many industries including manufacturing, banking and financial services, transportation, and retail industries, among others. The incorporation of these systems is higher in countries such as the United States, United Kingdom, India, China and Brazil, mainly due to the larger size of the industries involved and more high consumer awareness.
Additionally, the deployment of video analytics, as well as CCTV cameras, to identify potential criminals is expected to help reduce crime rates in various countries. In addition, it is expected to increase the demand for an integrated monitoring system. For example, Surat Police in Gujarat State, India operate a network of 604 cameras in 114 different locations for easy detection of criminals. In addition, they used video analysis solutions, which are deployed at the command and control center, mainly to track down street crimes. The software deployed was a facial recognition and automatic number plate recognition (ANPR) solution. The overall solution also includes software for detecting cases of overspeed.
VSaaS has seen a significant improvement, in terms of adoption, over the past few years. This is mainly due to the market penetration of IP camera sales. Important factors, such as the containment of IT costs by large IT organizations, the emergence of data centers, and improved functionality associated with centralized data, are contributing to the growth of the VSaaS segment. ?
The CCTV market in Asia-Pacific has grown significantly due to the increasing use of CCTV cameras in security and law enforcement, mainly to reduce crime rate in countries like India and China. For example, according to the Chinese Ministry of Public Security, Ministry of Justice (China), Supreme People’s Procuratorate (China), Supreme People’s Court, in 2020, around 1.65 million thefts were committed in China. In China, cameras are mostly placed in public spaces and are funded by the government to provide wide CCTV coverage in public spaces.
“However, these CCTV systems have also been viewed as an invasion of privacy and are opposed by various civil liberties groups and activists. There have been growing concerns about who is watching the video and how the video could be misused, as people expect their personal information to be used only for legitimate and specific purposes.
Key market trends
The commercial segment must dominate the market
The infrastructure segment includes road, rail, airports, stadiums, etc. Technological advancements in the video surveillance industry have led to the development of night vision cameras designed to operate in low light areas. Infrastructure segments, especially roads, need night vision cameras to monitor traffic and track suspicious activity. These factors are expected to increase demand in the infrastructure segment.
The cameras offer a wide range of video surveillance applications including scene surveillance, facial recognition, video smoke detection, remote video surveillance, automatic license plate recognition, and more. Currently, consumer requirements include 1080p 25/30 fps HD technology cameras. With the increasing need for security, high definition CCTV technologies are expected to enter the market during the forecast period.
Cameras with pan, tilt and wide zoom functions are preferred for detecting and tracking intruders. 360-degree panoramic cameras and thermal infrared cameras, which can operate in the dark, are expected to see increased adoption during the forecast period. Previous models of 4K cameras offer a lower frame rate resolution. However, the advent of 4K in video surveillance is way ahead of the mainstream market, compared to that of 1080p.
In addition, the use of GPU (Graphics Processing Unit) in the CCTV system speeds up the camera capabilities by at least 25% higher performance, 30% more cameras in Full HD resolution and 30 frames per second versus 15-30 frames per second, which kicked off a huge CPU heap earlier.
Because of this, infrastructures have become smarter across the world in recent years, with the incorporation of artificial intelligence and cameras compatible with deep learning technology which are expected to increase over the forecast period. . Several chip / processor companies are investing in the development of AI chips for cameras. For example, in recent years, HiSilicon (Shanghai) Technologies Co. Limited launched a series of high-performance artificial intelligence chips for the camera to process surveillance intelligence.
Smart CCTV cameras linked to the concept of mobile vision are another material advance. Consumer electronics companies are developing CCTV cameras based on mobile applications. For example, Xiaomi introduced a 360 degree camera with mobile vision capabilities for smart home applications. The increase in smart home projects around the world is expected to help deploy these technologies to improve public safety.
China in Asia-Pacific presumed to dominate the market
The introduction of the concept of smart cities to the country is the main driving force behind the video surveillance market in China. Advanced video surveillance techniques have been incorporated into the city administration to increase efficiency. The city of Yinchuan in China is an example of an advanced smart city where everything from buses to trash cans are integrated into a unified system.
One of the pioneering systems designed using CCTV was the Hangzhou “City Brain” project, created by Chinese retail and technology company Alibaba, which uses camera systems and sensors across the city. city to collect real-time road condition data. The data is transmitted to an AI hub, which manages traffic lights at 128 intersections and helps city officials make better decisions faster.
China is progressing on a surveillance system that will connect nationwide security cameras via a cloud to a database of each person’s facial ID profile and a file of their personal data, according to a South report. China Morning Post (SCMP). The article led to a discussion of whether the system already exists and what its potential dangers might be.
The SCMP article updates the story of the Chinese government’s plan to implement a nationwide system that could use surveillance cameras to identify one of China’s 1.3 billion in 3 seconds and with d-precision. ‘at least 88%. The project has been ongoing since 2015 and various tech companies have been involved. However, it encounters some technical difficulties.
China is a major driver of AI surveillance globally, as it is home to companies such as Huawei, ZTE, Dahua, and Hikvision, which provide surveillance technology to more than 63 countries, 32 of which have joined the Chinese Belt and Road Initiative.
The CCTV Systems market is highly competitive owing to the presence of many key players constantly upgrading to gain competitive advantage over other players. The video surveillance market is currently dominated by major players like Honeywell Security Group, Bosch Security Systems Incorporated, Samsung Group, Schneider Electric SE, Panasonic Corporation, among others.
December 2021: Axis Communications launched an open source project for video authentication that guarantees the integrity of surveillance video, and it is implemented in the company’s cameras. Axis has published a document detailing a framework that will serve as a starting point for partners to implement integrated video authentication methods.
September 2021: Bosch intrusion control panels (B and G series) were integrated into LENSEC’s Perspective video management software (PVMS). This new partnership between the companies would allow security operators to manage intrusion, fire and access control systems while monitoring CCTV cameras behind a single window.
April 2021: FLIR and Neurala have teamed up to develop an AI-based industrial vision. This new imaging system allows users to quickly build deep learning models using Neurala’s Brain Builder on the VIA platform with little data and no AI expertise. These models can be directly downloaded to a Flir Firefly DL camera using the free Flir Spinnaker SDK.
The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06192780/?utm_source=GNW
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.