We’re moving towards a future where computers are undeniably complex and robust systems, as much as they are machines for storing and processing large datasets. But now that the era of ubiquitous computing has been established, computers are racing towards a new paradigm. Computers and devices alike are functionally always connected to the internet, and, by extension, connected to things like TV, surveillance cameras, smart speakers, and locks. Security becomes a far more critical consideration in this scenario.
The use of video surveillance and video analytics in organizations has been increasing more than ever. The integration of features like inexpensive high-definition video, advanced technologies, computing power, and high-speed IP have made it possible for organizations to add video monitoring to critical industrial applications quickly. While its use increases, it also presents a variance between security and safety. This is where video analytics — a supreme computerized video processing software — comes into the picture.
A video analytics software fulfills the needs of corporate managers, surveillance security officers, and system operators to make efficient and pragmatic use of their surveillance systems. As per Straits Research's latest report on the video surveillance market, the overall market is projected to reach USD 71 billion by 2026, growing at a CAGR of 9.3% during the forecast period, 2016-2026.
The Need for Video Analytics:
The term video analytics has been around us for quite a long time — we’ve been talking about it since the early 2000s — and its true potential has been recognized well after its creation. Video analytics, or video content analytics (VCA), alludes to the computerized processing and analysis of video clips captured by surveillance cameras or systems. It performs two essential tasks: analysis of video streams in real time for the instantaneous identification of events and analysis of events from pre-recorded video streams.
Relying on video analytics to analyze video streams and proactively alert for events of interest is far more effective and practical than relying on a human operator. The human operator who manages the surveillance center by monitoring video screens, may not remain attentive for more than an hour at a stretch. Moreover, the ability of the operator to manage video streams and its effectiveness reduces with time.
The need to analyze video streams and extract its segments containing events of interest is increasing with the widespread use of surveillance systems and the improving quality of the video. While the functionalities and benefits offered by surveillance systems are unquestionable and the associated financial investment in installing such a system is substantial, their actual benefit is constrained when dependant on human operators alone. To maximize the benefits offered by a surveillance system, several organizations are deploying Video Analytics.
The top 7 video analytics companies globally are briefly discussed below, with an emphasis on their recent developments:
Agent Video Intelligence:
Agent Video Intelligence (Agent Vi) is a leading provider of open architecture, video analytics software globally. Agent Vi’s comprehensive video analytics solutions offer real-time video analysis by identifying and giving alerts for events of interest. Also, it extracts statistical data from video footage of surveillance and CCTV cameras. In 2019, Agent Vi announced the next-generation of innoVi video analytics solution that identifies and alerts security events in real time, thereby grabbing the surveillance operator’s immediate attention to an event.
Agent Vi has also partnered with the Canadian video management system (VMS) company Genetec to offer video surveillance solutions for safety, security, and business intelligence solutions. The company’s video analytics solutions are integrated with the latter’s Security Center and Omnicast platforms for forensic analysis and managing business intelligence events in real time.
Bosch Security Systems:
Bosch Security Systems — a part of the German multinational engineering and tech conglomerate Bosch Group — is a leading global provider of security, safety, and communications systems and solutions. In 2018, the company generated sales of nearly USD 2.24 billion.
The company’s Intelligent Video Analytics 6.30 software system offers long-distance object detection, tracking, and analysis in real time, along with other high-performance video analytics solutions. This software is integrated into Bosch’s CPP4, CPP6, and CPP7 based IP cameras.
Honeywell Security:
Honeywell Security is a part of the American multinational tech conglomerate Honeywell International Inc. The company’s video analytics suite of products includes intelligent video systems and accessories, CCTV cameras, and recording and IP solutions. For instance, the Active Alert application detects, tracks, analyzes and classifies behaviors of intruders and vehicles as they move through a scene. It offers enhanced security and exterior perimeter protection by identifying actions that might be dangerous. In April 2016, Honeywell acquired Xtralis, a leading provider of smoke detection and video surveillance security solutions, to supplement its security business. The Xtralis IntrusionTrace application, by Honeywell, provides intrusion detection by using video analytics.
IntelliVision:
IntelliVision is among the world’s leading video analytics companies offering AI-based video analytics software, which analyzes video streams from CCTV, surveillance, and embedded cameras in real time to provide actionable insights on events of interest, including potential security threats. Also, it eliminates false alarms and reduces the need for human intervention.
At present, the company’s software runs on more than 5 million surveillance cameras around the world and contains over 125 patents. In May 2019, IntelliVision was identified as a “Hot Vendor in the Image and Video Analytics 2019 report by Aragon Research Inc.”
IBM:
IBM is a U.S.-based multinational technology company that offers video analytics solutions, along with a range of other high-technology services and products. The IBM Intelligent Video Analytics V3.0 software analyzes video streams, captured from both fixed cameras and cameras in motion, for the detection of dangerous objects or vehicles and provides alerts for surveillance operators in real time, accordingly.
In April 2018, IBM announced its collaboration with Pelco on a “Pelco Analytics Powered by IBM” offering. The partnership integrates IBM’s deep learning analytics with Pelco’s VMS, leveraging statistical data from video streams for the rapid detection of potential threats.
Axis Communications AB:
Axis Communications AB is a Swedish manufacturer of innovative video surveillance and access control solutions. The AXIS Camera Companion and AXIS Camera Station video management systems have several video analytics applications integrated into it, that can be operated in cameras. On the other hand, the AXIS Video Motion Detection application enables the camera to detect motion in extreme weather conditions or variable lighting conditions.
In April 2016, Axis Communications announced the acquisition of Citilog — a leading provider of real-time video analytics and surveillance solutions for traffic security and safety — to strengthen and extend its security and safety solutions in the transportation segment.
Cisco Systems, Inc:
As a multinational technology conglomerate based in the U.S., Cisco Systems Inc. builds, manufactures, and sells networking hardware, software, telecommunications devices, and other high-end tech products and solutions. The Cisco Video Analytics software performs video analysis through two analytics packages: Security and Counting. Each package comes in a Base and Advanced version, and users can upgrade to the latter version for advanced analytics functionalities.
Video Surveillance Market Size and Forecast To 2020
- 2020-2026 at of CAGR A 9.03%
- Video Surveillance Market is expected to reach USD 71 billion
- Top Market Players of the Video Surveillance Market
- North-America is key market for video surveillance
- Wearable cameras and surveillance drones are emerging trends
Talk to us
Reports
Articles
