In this SDM exclusive, Courtney Wolfe summarizes the state of video surveillance moving into 2021. Here are a few highlights, and you can read the article in full here >> State of the Market: Video Surveillance in 2021
“Video surveillance systems are the most commonly offered security product or service, according to the 2021 Industry Forecast, with 78 percent of professionals currently offering video surveillance, 8 percent planning to offer video in the next one to two years, 5 percent planning to offer it in the next three to five years, and only 8 percent not planning to offer video at all.”
Courtney Wolfe
“Ironically, the pandemic hindered and drove business simultaneously. It hindered business due to mandated lockdowns of non-essential businesses, which limited systems integrators’ and installing dealers’ access into customers’ facilities. Many end users also suffered financially, which led to a freeze on scheduled and impending projects.Yet at the same time, many businesses and operations looked to implement new solutions to help them maintain compliance with new health and safety measures, so they could operate at some limited capacity and prepare for workers to eventually return to work and school. This past year presented a true dichotomy relative to sales that is unlike any other time in our history. Yet at the same time, many businesses and operations looked to implement new solutions to help them maintain compliance with new health and safety measures, so they could operate at some limited capacity and prepare for workers to eventually return to work and school. This past year presented a true dichotomy relative to sales that is unlike any other time in our history.”
Bill Brennan, President of Panasonic i-PRO
“According to SDM’s 2021 Industry Forecast, 34 percent of security professionals consider the video analytics market to be very good or excellent; 33 percent consider it to be good; and 33 percent consider the market to be fair or poor.”
Courtney Wolfe, SDM
“Intelligent video analytics powered by deep learning are positioned to enjoy steady growth in 2021. As computational power has increased, they’ve become increasingly easier to deploy and use, as well as more cost-effective and accurate. And users are choosing from a variety of options to harness the power of AI and its benefits. Edge-based cameras are a popular option because users can benefit from metadata even without applying analytics rules to speed up investigations, while processing analytics on the edge results in reduced bandwidth usage.”
Jason Burrows, Regional Sales Director, Western U.S., IDIS America
“No one knows how COVID-19 will impact us in 2021 or how long the vaccination process will take to finally end the pandemic — obviously, the sooner it ends, the better for business,” White says. “We’re also watching how new entries into our industry shape the market moving forward. While competition is a challenge, it’s also an opportunity because it will educate decision makers on the solutions available.”
Jeremy White, Founder, Pro-Vigil
We enjoyed the SDM piece and hope you do, as well!
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