The evolution of the video surveillance market and the digital transformation that has guided it serves as a sort of microcosm of the evolution of the overall IoT market. The decreasing cost and size of the hardware components of IP cameras, coupled with the increasing compute power of these devices, which enables analytics to be run on the edge or the device itself, has created a connected product with a vastly stronger value proposition than the more traditional analog fixed-line cameras.
The increase in data that these systems generate, both in quantity and quality, has driven the industry to implement more effective data collection, storage, and retrieval methods in the form of increasingly more adept video management systems. Additionally, there has been an overall market shift to more service-focused business models, which manifests itself through the video surveillance market in the form of connectivity and network services, as well as professional services, such as project consulting, device installation, and system integration.
In this report, ABI Research provides insight into the most significant trends affecting the video surveillance market now and moving forward. It discusses the drivers and inhibitors of video surveillance in-depth, provides market forecasts for connected enterprise solutions, highlights significant players in the market today, and provides recommendations for video surveillance solution providers moving forward.