Tag: IDC

BOSTON – Cloud storage company Wasabi Technologies is delivering a scalable, first-of-its-kind video storage solution for the surveillance industry. The Wasabi Surveillance Cloud allows organizations to offload video surveillance footage from a local storage environment directly to the cloud, without ever running out of capacity the company claims. Wasabi said that this "bottomless" approach to video storage is vital for the surveillance industry in their efforts to manage enormous...

Yes, I was thinking about Maxwell Smart, Agent 86, from the classic 1960s comedy as I came up with the headline for this blog, and more specifically, all the devices he and his sidekick Agent 99 used to fight the international organization of evil, KAOS. Remember the shoe phone? Or the coin-operated door? How about the lipstick remote control? Or the pencil listening device? Flash forward more than 50 years. Just think if Agent 86’s devices were “smart,” life would have been...

NEEDHAM, Mass.—All aspects of how people and organizations work is evolving, enabled by technologies such as cloud and mobile computing, and accelerated by the COVID-19 pandemic. A new forecast from the International Data Corporation (IDC) Worldwide Future of Work (FoW) Spending Guide estimates FoW spending will be nearly $656 billion this year, an increase of 17.4 percent over 2020. The new Future of Work mindset is a fundamental shift in the work model to one that fosters human-machine...

NEEDHAM, Mass.—Worldwide shipments of smart home devices are forecast to surpass 1.4 billion in 2025 with a five-year compound annual growth rate (CAGR) of 12.2 percent as consumers seek out additional conveniences brought about by home automation products and ambient computing, according to the International Data Corporation (IDC). Home monitoring and security devices, which represents 20.5 percent of the market share, are estimated to grow at an even more impressive CAGR of 13 percent...

With all the negativity that the COVID-19 pandemic has bred, I find it encouraging and refreshing to see all the positive movement within the industry when it comes to the video surveillance camera market. As you probably heard, Motorola Solutions acquired Pelco, Inc. for $110 million in cash (not a bad chunk of change there!), and ADT and Google partnered to dominate the smart home market, so there’s almost an endless number of video camera applications here as more consumers are...

One of the biggest buzzwords in security today is AI, or artificial intelligence, as one of the challenges today is determining if the technology is being overpromised and under-delivered. Security Systems News' News Poll this month addresses these very questions, as we try to figure out where the industry stands on this topic. Although the technology is still in its early adoption phase within security, a new study finds that spending on AI systems will continue to skyrocket within the next five...