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TechNavio

Google’s Nest buying Dropcam

The $555 million deal brings Google into the home security market with a DIY product, but what about the privacy of customers’ connected home data?
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06/23/2014

PALO ALTO, Calif.—First, Google got into home automation early this year with the $3.2 billion buy of smart thermostat and smoke alarm maker Nest Labs. Now, Nest is buying startup Dropcam, which makes video cameras that stream video to a user’s computer or cellphone. The deal gives Google an entrée into home security.

Avigilon has video analytics news

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Wednesday, May 14, 2014

There was lots of video analytics news today.

Avigilon, which acquired VideoIQ at the end of 2013, today came out with the first combined offering of VideoIQ and Avigilon products. Avigilon added Rialto to its portfolio. Rialto has three appliances (for IP, analog and thermal cameras) that will enable end users to add VideoIQ analytics to existing Avigilon or other manufacturers’ cameras. I have a call into Avigilon for more details.

Avigilon's analytics play is a good move according research firm TechNavio which announced today a new report that predicts global intelligent video analytics market will have a compound annual growth rate of 34.12 percent over the period 2013-2018.  

What will drive that growth? TechNavio said it’s the need for sophisticated tools to analyze the “unstructured data" generated by video surveillance systems, as well as increased security concerns.

The other, important driver is the “increasing demand for intelligent video analytics with business intelligence tools,” the report said.

“When operational data is integrated with BI features, companies can generate profits by identifying and implementing profitable projects, increase sales by applying fact-based selling tools, enhance customer loyalty, and retain customers by optimizing customer experience management,” said Faisal Ghaus, VP of TechNavio, in a prepared statement. “Organizations can use IVA solutions combined with BI tools to predict the future behavior of potential and existing customers, which is a major driver for the growth of the market over the forecast period.”

This all made me think about the very excellent educational session at TechSec 2014  “The IP camera of the future,” where there was lots of talk about the crucial nature of video analytics that work.

“The full potential of the business value of security cameras has yet to be realized,” said Ray Coulombe, an entrepreneur and CEO of SecuritySpecifiers.com, who moderated the panel.  “Analytics, big data implementation, and the proper mindset of security practitioners will develop to the point where security cameras, and other devices, will be viewed as a more integral part of the business fabric.”

The vendors involved with the TechNavio report were listed as: Agent Video Intelligence, Axis Communications, Honeywell, Bosch, Cisco. IBM, Infinova, Intellivision, Nice Systems, ObjectVideo, Verint, VideoIQ.

 

Physical security market for data centers to grow rapidly

PSIM, video surveillance and disaster management solutions to generate most revenue
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05/05/2014

LONDON—As adoption of cloud-based services continues to expand, the need for secure and reliable data computing hubs rises with it. The proliferation and evolution of large-scale data facilities is generating a growing demand for the physical security appliances and solutions that protect them, according to a new report from TechNavio Research, a market analysis company headquartered here.

Technavio: Video analytics market to grow

Drivers of growth include cloud adoption, more affordable cameras, and new data-analysis needs
 - 
08/05/2013

The global intelligent video analytics market is poised to grow at a CAGR of 31.4 percent from 2012 to 2016, a rise fueled by operational advantages afforded by such products, as well as more competitively priced surveillance cameras, according to a market report conducted by analysts at Technavio, a London-based technology research and advisory company.

PSIM market to grow, report says

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12/28/2012

NAPERVILLE, Ill.—A new report prepared by market analysts at TechNavio says the global Physical Security Information Management (PSIM) market is expected to grow at a CAGR of 30.34 percent over the period 2011-2015.