Digital Lifescapes

National border protection agencies are under pressure to provide the highest level of security in the face of growing threats, such as increasing illegal migration and international terrorism. Now, government agencies are embracing advanced border security technologies to aid in effectively and reliably securing national borders. These solutions look to detect and identify potential threats and prevent them from escalating to a point that may jeopardize security. Security Surveillance Market Development Traditional border security patrols and Closed-circuit Television (CCTV) surveillance systems aren't adequate protection, and agencies must increasingly deploy new solutions to stay ahead of criminals and other potential threats to ensure the safety of a country’s borders. According to the latest market study by Juniper Research, the value of the border security technology market will exceed $70 billion globally in 2027 -- that's rising from $48 billion in 2022. Growing by 47 p...

More organizations are exploring machine vision use cases. Machine vision combines hardware and software to provide operational guidance to devices in the execution of their functions based on the capture and processing of images. Machine vision is rapidly becoming an enabling technology for emerging automation requirements in automotive, healthcare, manufacturing, retail, smart buildings, smart cities, transportation, and logistics applications. The total revenue of machine vision technology in the seven major global markets is expected to reach $36 billion by 2027 -- that's up from $21.4 billion in 2022. This growth translates to a CAGR of 11 percent, according to the latest market study by ABI Research. Machine Vision Market Development Traditionally, machine vision was primarily focused on surveillance and security, asset monitoring, and defect inspection. These mature applications continue to drive the main bulk of total camera shipments within the enterprise market. However, ...

Outdoor surveillance cameras will be the largest market for 5G wireless Internet of Things (IoT) solutions worldwide over the next three years, according to the latest global market study by Gartner. The municipal deployed surveillance camera market will represent 70 percent of the 5G IoT endpoint installed base in 2020, before contracting to 32 percent by the end of 2023. 5G IoT installed endpoints for outdoor surveillance cameras will reach 2.5 million in 2020, 6.2 million units in 2021 and 11.2 million units in 2022, but will be surpassed by connected cars in 2023. 5G IoT Applications Market Development "Cameras deployed by city operators or used to ensure building security and provide intruder detection offer the largest addressable market as they are located outdoors, often across cities, and require cellular connectivity," said Stephanie Baghdassarian, senior research director at Gartner . Gartner predicts that the 5G IoT endpoint installed base will more than...

More CIOs and CTOs are exploring commercial applications for artificial intelligence (AI) use cases that enable the rapid analysis of vast amounts of video content, thereby creating demand for new digital video surveillance solutions. As the video surveillance industry continues its transition toward IP camera systems with on-device analytics capabilities, savvy solution providers continue to offer connected products and services with vastly better value propositions than traditional, legacy analog video systems. Video Surveillance Market Development As a result, ABI Research now forecasts that enterprise video surveillance camera connections will top 348 million by 2023 and that these systems will generate value-added services revenues of $12 billion. “Success within IoT is largely dependent on the ability of providers to create highly specialized, value-added solutions based upon clearly defined use cases supported by market demand,” said Ryan Harbison, research analyst at AB...

Capturing data from video is a growing application within the Internet of Things (IoT). Video asset management and big data analytics software are enhancing the inherent benefits of high-quality IP cameras. As a result, the video surveillance market is experiencing a significant transformation. ABI Research forecasts global value-added services market revenues will reach $10 billion by 2021. Data and analytics services, as well as device and application platform services, show the strongest revenue growth within the non-consumer video surveillance market. "With hardware revenue margins destined to decline, many industry players are adopting a more service-oriented approach to find new revenue opportunities," said Eugenio Pasqua, research analyst at ABI Research . "The intersection of video surveillance and IoT opens the doors to a whole new set of players." Big Data Analytics and Cognitive Demand Enterprises can derive valuable insights from the data generat...