Security

COVID-19 Helps Drive Growth for Video Surveillance as a Service (VSaaS) in 2020

Memoori’s World Market 2020-2025 Report on the Physical Security business shows that all types of organizations across the world are investigating how they can leverage the Cloud to host security systems. Video surveillance and access control business suppliers have been building up VSaaS & ACaaS services over the last decade and more recently major software companies such as Amazon, Microsoft and Google have invested heavily in Cloud services. They are now delivering AI / Machine Learning analytical services typically valuable to the physical security business. The supply side has also been winning over system integrators to adopt cloud services and this has provided a significant boost to growth. Now the supply structure is well established, and growth has not been inhibited by COVID-19 because buyers can take the service on a monthly fee without having to make a major investment upfront. This is a much more attractive proposition in difficult financial times. Existing owners of […]

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Most Popular Articles

Security

Customers Find Security in the Cloud During COVID

There has been a steady transition towards cloud-based as-a-service business models for smart building services over the past decade. This gradual shift began to challenge long-established business models, relationships, and channels of distribution and was met with some resistance from certain segments of the industry. These cloud-based as-a-service business models require that manufacturers and systems […]

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