The global video surveillance market value will reach over $86 billion by 2024, from $47.4 billion in 2018, according to PR Newswire. Advancements in technology are the fundamental aspect contributing to the high demand for video surveillance systems in businesses. With the introduction of IP-based digital devices, video surveillance software, and cloud computing, companies enjoy enhanced physical security and safety in their premises. Video security systems are popular in banking and financial services, transport, retail, and manufacturing.
However, they are key reasons why a home security system is a must-have for every home today. Besides keeping intruders away, advanced surveillance systems allow you to monitor your premises remotely, reduce energy costs, and take care of your valuable assets.
IoT for Video Security System Integration
The Internet of Things has made transferring data via the Internet easy, resulting in simplified business activities. IoT integration in video surveillance provides organizations with relevant information that enables them to make informed decisions regarding daily operations. With integrated security solutions, businesses can scale their existing solutions to make the most of what they have while enhancing security.
Preventing the loss of critical assets is perhaps one of the most significant advantages of IoT in security solutions. Since the Internet of Things enables real-time surveillance, businesses gain high visibility of who gets access to their premises. Organizations can also monitor security within their premises from any location using Wi-Fi and take necessary measures based on information sent on their smartphones.
Increased Use of Smart Video Analytics
With advances in technology, security systems are becoming more complex. Because of this, businesses need to be proficient in utilizing data and video to improve security. Many organizations are using video analytics to achieve this goal. Also referred to as computer algorithms, video analytics actively tracks real-time events in and out of premises.
They record suspicious activities and report in real-time. That way, theft, vandalism, and other crimes can be prevented even before they take place. The uses of video analytics in security surveillance assist in motion detection, access control, and intrusion detection.
Move from Analog to IP/HD Surveillance Systems
Improvement in camera and monitor resolution is the most exciting advancement in CCTV and video surveillance. Unlike in recent decades, the image quality of modern CCTV cameras is clear. Facial and clothing details captured by Internet protocol or high definition cameras stand out because you can quickly identify intruders and trace them. Additionally, you can zoom video footage to reveal information, something conventional surveillance systems cannot do.
For example, you can zoom images or videos to obtain characteristics of automobiles such as license plate numbers, brand, and model. You may also identify exact items shoplifted from a store with much ease.
Cloud-to-cloud systems integration continues to set the pace in the security industry for various reasons. Instead of using on-site systems, companies prefer cloud-based integrated surveillance solutions because they are centralized. Moreover, cloud integration minimizes the need for in-house IT specialists, hence reducing the costs of business operations.