Presented by SpotCam
The global pandemic has put a spotlight on personal safety and security, so it’s unsurprising that the video surveillance market is surging as well. Globally, it hit $45.5 billion this year, while AI technology, which is being integrated into video surveillance products at every price point, will hit $100 billion by the year 2025.
Both consumers and small- and medium-size businesses are increasingly looking for solutions to manage the safety and security of homes, businesses and assets. More importantly, they’re in search of solutions that incorporate sophisticated new video analytics, AI and cloud-based storage technology. Manufacturers are racing to meet the demand, according to a report by IFSEC Global. This trend will grow as the impact of the global pandemic continues to make itself felt for both employees working alone at home and the companies with empty offices.
The growth of AI-powered surveillance
Video surveillance system capabilities