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Hosted video surveillance system is a security system that captures images and videos streamed to a video provider or third-party company for storage and management. Cloud-based video surveillance systems are used on a large-scale in the commercial sector including hotels, retail stores, malls, and warehouses to reduce inventory loss, detect crime, and ensure safety of staff, through 3600 seamless surveillance solutions. These advanced wireless solutions are employed in the defense sector for border and assets surveillance in homeland security missions as it is of low capital cost, easily-installable with high flexibility regardless of where the video is housed or viewed.
In addition, these platforms are designed specifically with encryption capabilities for remote management and can be configured automatically in cloud-hosted environment allowing updates and interruptions to be viewed from a convenient dashboard. Centralized IP (Internet Protocol) cameras with high-end camera technology and wide area coverage are used in traffic monitoring, parking lots to monitor suspicious activity of theft, damage, and accidents as the system is continuously improving via access to automatic updates through software provider. Integration of IoT, artificial intelligence, and inherent flexible nature implies that hosted video surveillance market share would undergo exponentially high growth in coming years.
Covid-19 Impact Analysis:
Rise in need of real-time event detection, owing to increase in terrorist activities and civil unrest actions worldwide as well as to monitor customer and staff activities in financial institutions. In addition, rise in adoption of smartphones, tablets, and laptops to get remote view of live video footages of surveillance systems spurs hosted video surveillance market growth. However, high investment cost, intrusion of privacy, lack of awareness about effectiveness of public security systems, and lack of skilled workforce to handle complex IP cameras tend to restrain the hosted video surveillance market growth.
On the contrary, use of centralized IP (Internet Protocol) camera in food chains, malls, and airports to enhance security and reduce robbery by transferring captured data instantly over internet further boosts the market revenue. Ongoing developments in Big Data, cloud-based services, and growth in investments by governments worldwide to develop smart cities with advanced surveillance solutions are expected to pave new avenues for the hosted video surveillance industry.
Leading hosted video surveillance market players are adopting necessary steps to produce advanced surveillance solutions with higher precision and functionality with a view to help consumers lead secure,
simple, and smart life through innovative technology.
In October 2019, Dahua Technology, a Chinese supplier of video surveillance products and services, launched Imou V8i Smart Lock, Imou Ranger IQ, and Imou Wireless Security System in the overseas market. Imou V8i Smart Lock features 3D AI facial recognition technology to achieve more security allowing users to free their hands of keys and lead a relaxed convenient life.
Imou Ranger IQ is the AI-powered IoT smart security camera with capabilities to watch, listen, speak and act. It is incorporated with motors so that the lens can pan, tilt, and detect sounds or motion as well as human beings to animals when they are in the frame. It facilitates bi-directional communication and warns off intruders with built-in siren, hence acting as center of alarm system in collaboration with detectors. In addition, smart camera features wide field view, color night vision, geo-fencing, offline storage on microSD cards, and cloud storage. The device allows users to view live footage in the app while it detects motion and enables to set sensitivity to choose specific zones in the frame.
Hosted video surveillance systems with video surveillance analytics are used on-board vehicles allowing then to view lane dividers and acommunicate with the steering and braking system. This activity ensures that the vehicle stays in lane, stops early enough before any obstruction and provides auto-park facilities.
In February 2020, Hikvision, a Chinese manufacturer and supplier of video surveillance equipment, introduced induced industry-standard automatic number plate recognition (ANPR) cameras to enhance smart parking solutions by making entering and leaving of vehicles in parking lots more efficient. These cameras identify vehicles rapidly and send data to barriers, hence minimizing vehicle queues and improving productivity of entire parking lots. Advanced ANPR cameras equipped with deep learning algorithms and GPU processors learn number plate information within an instant and can recognize higher number of vehicle number plates without frequent camera positioning adjustments efficiently.
Parking guidance cameras automatically detect availability of space in low-light areas and sends information to guidance terminal that calculates number of available spaces and informs customers via parking guidance screens installed at critical junctions of parking lots. Touch-screen Kiosks require drivers to enter license plate details to help them locate vehicles through quickest route on schematic floor map.
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Questions answered in the Hosted Video Surveillance Market research report:
Key Market Segments
Key Market Players