12 Jul
2022
Video surveillance systems are gaining massive traction in various countries, owing to the increase in the adoption of advanced surveillance by the government sector. Various manufacturers have realized the need and potential of effective IP surveillance systems. IP security cameras are capable of sending signals over a network that efficiently facilitates the transfer of information much better than analog signal sent to a digital video recorder (DVR).
Thus, surge in transition from analog surveillance to IP cameras, increase in need for safety in high-risk areas, and growing popularity and integration of IoT (Internet of Things) are expected to drive the growth of the global video surveillance market. According to the report published by Allied Market Research, the global video surveillance market is expected to reach $144.85 billion by 2027, registering a CAGR of 14.6% from 2020 to 2027.
Numerous players of the market around the world are launching new and innovative video surveillance systems to effectively cater to needs of organizations. For instance, Honeywell International Inc., an American multinational corporation that is engaged in operating businesses in the field of aerospace, building technologies, performance materials and technologies, and safety and productivity solutions, announced the launch of its new video surveillance system under Impact, a Honeywell brand.
Honeywell’s latest product portfolio including the Impact video surveillance system has been specially designed to not only solve unique problems of small and medium enterprises (SMEs) but also to increase their productivity, enhance safety, reduce costs and enhance compliance.
The Impact AI-based video surveillance offering comes with an integrated camera-processor setup that not only performs analytics on the Edge but also delivers rapid alerts to the user through the mobile app. This essentially exempts the need to optimize network bandwidth or invest in extortionate servers to perform video analytics. The product uses proprietary algorithms and offers data analytics through its cloud infrastructure.
Ashish Modi, the President of Honeywell Building Technologies, Asia, mentioned in a statement that Impact by Honeywell has developed a robust product pipeline by leveraging Honeywell’s local engineering talent in hardware, design, and app-based software capabilities.
The trend of launching advanced video surveillance system continues to gain massive momentum in the semiconductors and electronics industry. For instance, Secureye, a dominant security and surveillance solution providers in both commercial and residential space, announced the launch of its advanced CCTV cameras S-CCI3 Bullet Camera & S-CCI2 Dome Camera.
The 8-megapixel resolution of these cameras offer crystal clear images. They are combined with advanced analytical algorithms that further make cameras capable of smart detection of any movement or object. In addition, these cameras are capable of functioning long hours without any glitch in the day as well as night hours due to its IR cut filter with auto switch.
Furthermore, it is also equipped with 1/2.8” progressive scan CMOS sensor. These advanced high-end surveillance cameras are also capable of audio exception detection, crossing line statistics, blurred detection, and scene change detection. Thus, persistent technological advancements in video surveillance systems and introduction of advanced electronics gadgets in the coming years are expected to create ample opportunities for the growth of the market.
Rosy Behera
Author's Bio- Rosy Behera holds a bachelors degree in Electrical and Electronics Engineering and now she is a content writer by profession. She loves to portray her thoughts and ideas with a nice command of words. Grabbing an audience with her creative write-ups is one of her biggest assets so far. Apart from writing, she is a certified Odisi dancer and has done Gardharva in Drawing, Painting, and Arts. She always explores new things through travel and is a big foodie.
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