Trends of the video surveillance market in 2021

Oct 28,2021

      The smart security market is shifting towards HD and intelligence, what are the other trends in the video surveillance market in 2021?


      The deployment of large-scale HD smart video devices has given rise to a distributed architecture based on the Internet of Things. With the shippments of Higher definition cameras and more intelligent cameras, the entire video surveillance system arithmetic, network and storage have generated a relatively large pressure, then the system architecture has also put forward a new requirement.


1. Front-end intelligence to accelerate the development of a variety of application scenarios.

        Front-end video security camera, previously due to the limitations of computing power and cost, some intelligent functions, can only perform some simple tasks, such as the identification of people, cars, objects. Nowadays, due to the substantial increase in computing power, as well as a significant drop in cost, some complex tasks can also be carried out in the front-end, such as video structuring and image growth technology.


2. Cloud-side combination of video surveillance hybrid deployment will become mainstream.

       The current construction of the security center is in full swing, has been in some large-scale projects are generally accepted. Another trend is the combining the cloud side, for the use of video surveillance in the cloud services, Omdia has a special study of video surveillance and services, the results show that, presently the market is mainly for local storage, and then the cloud for the management of this video surveillance deployment model, this private deployment model is dominant. While, the overall market direction is expected to hybrid deployment, that is, the data on the cloud, and thenmanage in cloud and locally as a hybrid model evolution which will account for 56% in 2024.


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3. The proportion of investment in each industry reflects the acceleration of intelligent construction.

        It has been divided the entire intelligent security market into different end-user industries, accounting for the highest percentage of several industries are: 16% of the smart city, 15% of transportation, 11% of government, 10% of commercial, 9% of financial, 8% of education.


4. Intelligent video surveillance empowers all industries.

        In recent years, governments are gradually promoting the digitalization of cities, safe cities, smart cities and such projects are emerging, but also to promote the progress of the city's intelligent security. According to the market size of each industry and the future growth potential, the city next growth scale is relatively large.

        Another industry with high growth potential is transportation, where the traffic includes a large traffic, road traffic, rail transit, airports and ports, etc., traffic growth potential in recent years is relatively large, because in recent years, as urbanization continues to accelerate, some of the road traffic infrastructure construction is also constantly invested.

       Governments have also introduced some policies, especially after the epidemic in 2020, some governments to stimulate economic development, the launch of some infrastructure projects, of which transportation occupies a large part, Omdia predicts that the future of intelligent security in the transportation industry will develop rapidly.

        There are also several smaller industries, but its growth potential is still relatively large, such as data centers, industrial, manufacturing, public utilities and energy, etc.

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