Cloud Going Mainstream In Video Surveillance

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Cloud is going mainstream in video surveillance. Based on IPVM's research and reporting, here are key changes driving this. Just in the last few months:

• Genetec has launched a new SaaS architecture with cloud at its core
• Axis has launched a new "Cloud Connect" architecture with open support for 3rd party VSaaSes
• Axon acquired Fusus, valued at $300 million, with great ambitions to expand cloud-based real-time crime centers.
• RapidSOS has launched cloud connectivity for cameras to emergency 911 operators, with Eagle Eye as its first partner.
• Hanwha has launched a new OnCloud platform.
• Motorola has expanded its cloud to add alarm and remote monitoring.

This builds on:

• 2 years ago, Motorola spending nearly $400 million on cloud startup Ava and putting it at the core of its new Alta platform.
• Last year, Verkada raised $205 million, and EagleEye raised $100 million
• Alarm.com's acquisition of OpenEyeand expansion into commercial.
• Numerous companies such as Arcules, Eagle Eye, Qumulex, Spot.AI, Turing Vivotek, and YourSix are releasing their own cloud offerings.

In IPVM's 16 years of analyzing the market, including with the shift from analog to megaipxel / IP cameras, such broad support is key to moving to the next generation.

With a critical mass of incumbents and major players adopting cloud, buyers now have many options, including from existing suppliers to go to cloud, and large sellers will now heavily market cloud, as they have their own offerings.

IPVM believes that in the next decade, this will result in the dominance of mega cloud providers

With far better video analytics, power to solve crimes, firmware / device management, and embedded support. But also with growing privacy concerns and risks of reduced competition and greater lock-in.

Follow IPVM's latest research and reporting to understand what is causing this and where the market is going.