Novaira Insights Ltd. News

ONVIF®, the global standardisation initiative for IP-based physical security products, is pleased to return to ISC West 2024, April 9-12 in Las Vegas, at Booth L0 to continue the industry-wide conversation about open standards, interoperability, and the freedom of choice that standards provide for end users, systems integrators and consultants. This freedom of choice is important in several technology segments that will be major themes of this year’s ISC West event, including Artifici...

Solink®, a physical security company for businesses announced it has closed $60 million (USD) in a Series C investment round. Goldman Sachs investment The round was led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) with participation from the company’s existing investors, OMERS Ventures and BDC IT Ventures. The investment from Goldman Sachs comes from its recently launched $5.2B growth equity fund, dedicated to investing in high-growth businesse...

New research from Novaira Insights reveals that the global video surveillance market declined by 3.4% in 2022 due to a massive 18.6% decline in the Chinese market. However, the research, also shows that outside China, most markets continued to grow. The market in the world excluding China grew by 13.2% in 2022. A decline in Chinese markets According to Lead Analyst and Founder of Novaira Insights, Josh Woodhouse, “The decline in China was primarily the result of lockdowns causing restri...

South Korea’s second largest vendor of video surveillance equipment, IDIS, has announced its intention to acquire Costar Technologies, a US-based vendor of video surveillance equipment. Analysts at Novaira Insights believe by doing so, IDIS could be signalling an intention to emulate the success of South Korea’s largest vendor of video surveillance equipment and long-time rival, Hanwha Vision. According to Josh Woodhouse, Lead Analyst and Founder of Novaira Insights, “We esti...

Eagle Eye Networks, the globally renowned company in cloud video surveillance, will preview Eagle Eye Camera Direct Complete, showcase the newly enhanced Enterprise Edition, and new AI-powered tools for enterprise businesses at ISC West 2023, taking place at the Venetian Expo in Las Vegas on March 28-31.  Eagle Eye Cloud VMS demonstration The Eagle Eye Networks team will meet with current and prospective customers at Booth 20035 to discuss and demo new products and new features of the fla...

Novaira Insights, the video surveillance market research provider, releases its latest report, ‘Cloud Trends in Video Surveillance – 2023 edition.’ Video surveillance systems are transitioning to greater use of cloud solutions. A new report from Novaira Insights ‘Cloud Trends in Video Surveillance’ finds that this trend is accelerating. By the end of 2022 over 2 million professional-grade video surveillance cameras in the USA were already cloud connected. This acco...

Genetec, Motorola Solutions and Milestone Systems continued to grow their combined global share of the market for video surveillance software and service agreements in 2021. According to a new report from Novaira Insights, this global market was worth US$ 2.4 billion in 2021, with around 68% of this outside China. The ‘Big 3’ grew their combined share of the market for video surveillance software and managed services to over 35% in the world, excluding China. The supply base for vid...

A new report from Novaira Insights reveals that the global video surveillance market grew 16.4% in 2021 as restrictions on movement due to the COVID-19 pandemic eased. The report, ‘The world market for video surveillance hardware and software’ shows that shipments of surveillance cameras and related equipment grew as pent-up demand was served. However, there was a shortage of components used for production of video surveillance equipment in 2021 and this led to higher prices for tho...

Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta) has announced the launch of FORXAI Video Security Solution (VSS), an offering that includes its FORXAI Video Security Solution for Intelligent Surveillance and point-of-entry solution, FORXAI Video Security Solution for Secure Access. In support of this, Konica Minolta will build on its long-standing technology partnership with MOBOTIX in the U.S.A, strengthening the cooperation and support between the two companies. Joint logistic...

Eagle Eye Networks, the global pioneer in cloud video surveillance and artificial intelligence, will demo its newly launched Eagle Eye LPR (license plate recognition) and preview its upcoming Eagle Eye Smart Video Search at ISC West taking place at the Venetian Expo March 23-25. Eagle Eye Smart Video Search is the first-of-its-kind deployment of smart search across a global enterprise without the need for local hardware changes or local labour. Cloud video surveillance platform Current and pr...

Azena is announcing that it will host ESCON 2021, a free to all ecosystem conference for smart security stakeholders, on 2 December from 3-6 pm CET. Broadcast live from the BMW Welt, Munich’s iconic landmark, ESCON will bring together leaders in the AI video analytics space to discuss the future of Artificial Intelligence and IoT technologies in the security and safety industry. Actionable operational intelligence “The potential of AI, IoT and video analytics and the influence on t...

Four out of every ten (41%) of England-based medium and large-sized businesses which are running CCTV systems have already deployed facial recognition analytics in their systems to capture human faces and compare images to human face databases to identify matches for access control, event security, or for public safety purposes. One in six (16%) of CCTV system owners admitted to having access to this capability on their system but not yet going live with it. Over a third of CCTV system owners...

Four out of every ten (41%) of England-based medium and large-sized businesses, which are running CCTV systems, have already deployed facial recognition analytics in their systems, in order to capture human faces and compare images to human face databases, with a view to identifying matches for access control, event security or for public safety purposes. Facial recognition analytics One in six (16%) of CCTV system owners admitted to having access to this capability on their system, but not ye...

Genetec, Milestone Systems and Motorola Solutions have grown to become the ‘Big 3’ suppliers of video surveillance software, video analytics and managed services. According to a new report from Novaira Insights, the global market for video surveillance software and managed services was worth US$ 2.2 billion in 2020, with around 69% of this outside China. However, the supply base outside China is very different to that of the Chinese domestic market. Global video surveillance market...

Novaira Insights – a new video surveillance market research provider releases its first report, ‘The World Market for Video Surveillance Hardware and Software – 2021 edition’. It is sometimes said that the video surveillance market is recession-proof. That when economic conditions deteriorate, there continues to be spending on security hardware and software. However, market conditions in 2020 were unprecedented. Restrictions in response to the COVID-19 pandemic meant tha...