Cloud is going mainstream in video surveillance. Based on IPVM's research and reporting, here are key changes driving this. Just in the last few months:
- Genetec has launched a new SaaS architecturewith cloud at its core
- Axis has launched a new"Cloud Connect" architecturewith open support for 3rd party VSaaSes
- Axon acquired Fusus, valued at $300 million, withgreat ambitions to expandcloud-based real-time crime centers.
- RapidSOS has launched cloud connectivityfor cameras to emergency 911 operators, with Eagle Eye as its first partner.
- Hanwha has launched a new OnCloud platform.
- Motorola has expanded itscloud to add alarmand remote monitoring.
This builds on:
- 2 years ago, Motorolaspending nearly $400 million on cloud startup Avaand putting it at thecore of its new Alta platform.
- Last year,Verkada raised $205 million, andEagleEye raised $100 million
- Alarm.com's acquisition of OpenEyeand expansion into commercial.
- Numerous companies such as Arcules, Eagle Eye, Qumulex, Spot.AI, Turing Vivotek, and YourSix are releasing their own cloud offerings.
In IPVM's 16 years of analyzing the market, including with the shift from analog to megaipxel / IP cameras, such broad support is key to moving to the next generation.
With a critical mass of incumbents and major players [show logos of Genetec, Axis, Axon, Hanwha, Avigilon, Motorola] adopting cloud, buyers now have many options, including from existing suppliers to go to cloud, and large sellers will now heavily market cloud, as they have their own offerings.
IPVM believes that in the next decade, this will result in thedominance of mega cloud providers
With far better video analytics, power to solve crimes, firmware / device management, and embedded support. But also with growing privacy concerns and risks of reduced competition and greater lock-in.
Follow IPVM's latest research and reporting to understand what is causing this and where the market is going.
Source:IPVM, Published Apr 23, 2024