Description

Digitization and an ever-increasing volume of video data are rapidly changing the way that businesses secure their operations, assets, and data, and use surveillance solutions to provide the visual cues that inform security responses. This traditionally required different vendors for the many physical security systems and the integration of these systems with other internal solutions, such as IT and cybersecurity solutions and business operations platforms. With so many different systems and data sources coming together, it is incredibly easy for potential threat indicators to be lost in the deluge of data in front of security operators, necessitating some sort of automated analysis tool to help operators make sense of the data in front of them.

In the surveillance space, video analytics have proven to be a powerful tool to help operators gain control of their real-time situational awareness and identify potential threats and incidents as they occur. Customer preferences have shifted from having multiple analytics vendors all doing specific tasks to more multifunctional analytics solutions that can conduct monitoring, analysis, and detection of an organization’s perimeter. In keeping with the significant change in the surveillance industry, the rise of more cloud and hybrid-cloud infrastructure and edge processing capabilities is changing how security teams design and operate their systems. While these trends were in full force before COVID-19, the pandemic changed agendas and required many security teams to implement more of these advanced solutions quickly in order to maintain a full security posture in a remote environment without relying on manned operations teams.

With these more robust surveillance systems, it is impossible for already overburdened security teams to watch every video feed and search for possible threats. Surveillance analytics solutions enable companies to have all their video data in one place, creating more efficient systems to defend themselves from multifaceted attacks.

This research service includes insights on top vendors in the surveillance analytics market, as well as Frost & Sullivan’s proprietary Frost Radar™ benchmarking analysis that evaluates each vendor in terms of overall revenue growth, product and solution offerings, growth strategy, commitment to innovation, and understanding of current and future market trends. The vendors profiled were determined at the analyst team’s discretion regarding the functions that a surveillance analytics company must possess to bring together cloud systems, edge processing analysis, and multiple analysis functions to help companies monitor, detect, and mitigate potential security incidents detected by surveillance systems.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Author: Danielle VanZandt