Security Sales & Integration September 2021 - 22

VIDEO
IMAGING RECORDING MANAGEMENT
Global Video Surveillance Market
Revenues to Top $24B in 2021
▶ LONDON - Global video surveillance
market revenues are projected to
reach $24 billion by the end of 2021, according
to Omdia's latest Video Surveillance
and Analytics Intelligence Database.
Th is marks a quick recovery for the
video surveillance market as demand
that was suppressed in 2020 will return
and revenues will be bolstered by projects
that were postponed in 2020 due
to COVID-19 getting the greenlight in
2021. Omdia forecasts that total video
surveillance market revenues will grow to
$31.9 billion by 2025 with a total compound
annual growth rate (CAGR) of
7.1% between 2020-2025.
Th e global market for thermal body
temperature solutions grew rapidly to
$1.3 billion in 2020. Driven by coronavirus
precautions,
the
technology
has been adopted by several regions, in
particular China, East Asia, India and
the Middle East. However, without the
growth in thermal body temperature
solutions, the global video surveillance
equipment market declined 3.8% globally
in 2020.
Despite being a driving growth factor
in 2020, Omdia forecasts the thermal
body temperature solutions market will
decline rapidly in 2021 to just $137 million,
an 89.8% decline, ultimately limiting
the overall video market surveillance
market growth.
Geopolitics, supply chain constraints
and AI developments are increasing average
selling prices, according to Omdia.
Th e research fi rm, based here, expects
average selling prices of video surveillance
equipment to increase in the short
Quantum Acquires Pivot3's Surveillance Business
▶ SAN JOSE, Calif. - Quantum Corp. has acquired the video surveillance
portfolio and assets of Pivot3, a provider of hyperconverged
infrastructure (HCI) and intelligent software solutions for
the security and video surveillance markets. The purchase price
totals approximately $8.9 million in cash and stock, according to
an announcement.
The acquisition brings a diverse portfolio of video surveillance
appliances, NVRs and management applications along with a scaleout
hyperconverged software platform, which going forward will all
be off ered under the Quantum VS-Series product portfolio. Together
with Quantum's current line of NVR servers, the StorNext File System
and ActiveScale object storage, the Pivot3 additions round out
a comprehensive surveillance and security portfolio, spanning small
to multi-petabyte deployments, according to the announcement.
" Surveillance cameras are the biggest data generator on the
planet, and Pivot3 has established themselves as one of the leaders
in this space by pioneering the use of hyperconverged software
for surveillance recording, " says Jamie Lerner, Quantum
chairman and CEO. " This acquisition represents another key step
in Quantum's transformation, solidifying the company as a serious
player in the multibillion-dollar video surveillance market,
expanding our global customer base, sales channels and technical
expertise specifi c to this industry. "
22
Security Sales & Integration SEPTEMBER 2021
A quick recovery for the surveillance
market is expected to be fueled by
projects getting the greenlight after
being postponed due to COVID-19.
term as U.S.-China geopolitical tension
and supply chain constraints from the
COVID-19 pandemic increases pressure
of vendor margins.
DMP Now Integrated With Hanwha VMS
▶ LAS VEGAS - DMP has collaborated with
Hanwha Techwin to provide customers a
Cloud-to-Cloud video solution with the integration
of Hanwha WAVE with the DMP
Virtual Keypad app. The integration allows
dealers to log in to a Hanwha WAVE account
within the Virtual Keypad app. When the
DMP panel goes into alarm, users will be able
to view all of their connected Hanwha video
devices and manage their security systems.
The partnership has resulted in an easyTo
enable the new
integration, dealers
select Hanwha
from the list of
video options in
DMP's administrative
portal.
to-use and fully featured IP video management
software solution with onboard analytics
that users love, according to Mark
Hillenburg, vice president of marketing for
DMP. WAVE opens up more new installation
opportunities for dealers, particularly for
large commercial video installations.
" We're very pleased and excited about this
partnership, " says Hillenburg. " With the Hanwha
integration, dealers now have the ability to off er a comprehensive
security and video solution using Hanwha's Cloud-based
services, and they get the security of storing the video off site. "
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Security Sales & Integration September 2021

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