Global network and analogue video surveillance solutions supplier Hanwha Techwin reveals the trends that will shape the video security industry in 2020.
One of the most profitable security products in the world, video surveillance is forecast to have a market value of $77.21 billion by 2023 thanks to the convenience and broad range of applications it provides. As the technology evolves, so do the considerations and opportunities it presents. Below, Hanwha breaks down the five trends that will define video surveillance in 2020 and reveals what they mean for users.
AI end-to-end security solutions
As artificial intelligence (AI) becomes more broadly adopted across industries, it is likely to be more widely incorporated into video surveillance within the coming year. Edge-based AI (AI that filters and processes data locally on a camera) will be more ubiquitous, enabling end-to-end AI technology. Today, most security cameras send the data they collect to servers to be analysed. However, with edge-based AI, the data is analysed by the camera first and subsequently sent to the server. This reduces the burden of transferring and storing large amounts of data to a server, thereby increasing efficiency, saving time and reducing server costs typically required to analyse data.
In 2020, Hanwha Techwin will introduce edge-based AI cameras, as well as AI-powered network video recorders (NVRs) and video management systems (VMSs) to introduce end-to-end (camera to storage server and VMS) AI security solutions.
With IoT devices becoming commonplace, the importance of cybersecurity has never been clearer. Today’s cyberattacks are more intelligence and advanced then ever, so building cyber-resilient security systems is no longer an option, but an imperative.
Smart cities, factories, financial institutions and retailers today require scalable video surveillance solutions that are closely interconnected with other devices and networks, making the importance of cybersecurity paramount.
Strong cybersecurity has always been Hanwha Techwin’s priority and the company has been refining the technology since the beginning. The upcoming Wisenet 7, the newest version of the company’s own System on Chip (SoC) has been designed with the strongest cybersecurity features, including a secure booting function and signed firmware for both software and hardware. Validated by the UL Cybersecurity Assurance Program (CAP) certification, Wisenet 7 ensures that users have access to the industry’s most advanced cybersecurity features.
Cloud-based data insight
According to market intelligence firm IDC, there will be about 175 zettabytes of data in the world by 2025, with much of it stored in the cloud and data centres around the world. At the same time, video surveillance solutions will go far beyond functioning as a simple monitoring tool to become an indispensable aid to organisations by providing useful insights that improve business operations. The importance of accessible cloud-based servers that can easily store and analyse the accumulated data will also increase. Going beyond being an efficient storage repository, sophisticated analytics will use cloud processing to analyse the stored data and provide useful insights.
In 2020, Hanwha Techwin will introduce cloud-based solutions, beginning with the Device Health Monitoring Cloud, which will monitor and manage video surveillance devices in real time. The company will also introduce Retail Insight Cloud, which is designed to facilitate store management.
Together with cybersecurity, Hanwha Techwin believes that the protection of personal data should be integral to the business ethics of a video surveillance company. By its very nature, the video data that is collected for security purposes almost always contains private information. Therefore, protecting surveillance data is imperative.
Around the world, privacy protection laws are being introduced, such as the General Data Protection Regulation (GDPR) in Europe and the Federal Information Security Management Act (FISMA) in the US. The California Consumer Privacy Act (CCPA) is also set to come into effect in January 2020. These laws will force the video surveillance industry to follow ‘privacy by design’ best practices and renew their efforts to protect personal data from misuse and abuse. Organisations are increasingly aware of the dangers of private data breaches and they are becoming more discerning when selecting security products and solutions.
Vertical specialised solutions
Vertical markets in the security industry are increasing requiring specialised devices and solutions to meet their unique requirements. With the emergence of the fourth industrial revolution, the presence of smart verticals will be more prominent and video surveillance companies must be ready to provide solutions for smart cities, retail organisations, factories and transportation, amongst other sectors. Hanwha Techwin already provides products for these verticals and plans to expand its lineup of specialised solutions in the future to include asset management solutions with IoT technology.
“Advancement in technologies such as AI, IoT and cloud will support new use cases in conjunction with existing devices and solutions to meet customers’ needs in various verticals, expanding the horizon of our industry,” says Soonhong Ahn, president and CEO of Hanwha Techwin.
“However, we must also be mindful of the social and ethical responsibility related to areas such as cybersecurity and private data protection. Sustained interest and investment in these areas must be regarded as an obligation to make sure our industry continues to thrive in the midst of rapid technological advancements.”
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