Artificial Intelligence
Global Video Surveillance Systems Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)
New York, Dec. 23, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Video Surveillance Systems Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06192780/?utm_source=GNW
These next-generation cameras are well equipped with high-performance computing power and video analytics, enabling the users to transform real-time images into big data analysis. Under social distancing practices and norms, several video analytic techniques have been commonly deployed in order to take precautionary measures, including queue management, people counting, crowd detection, and personal protective equipment (PPE) detection.
Key Highlights
The growth of the video surveillance market is expected to be fueled by the introduction of new IP-based digital technologies to detect and prevent undesirable behaviors, such as shoplifting, thefts, vandalism, and terror attacks. ?Video surveillance is being adopted in multiple industries that include manufacturing, banking & financial services, and transportation, retail industries, among others. The incorporation of these systems is higher in countries such as the United States, the United Kingdom, India, China, and Brazil, majorly owing to the larger size of the concerned industries and higher awareness among consumers.?
Additionally, the deployment of video analytics, along with video surveillance cameras, to identify potential felons is expected to aid in reducing the crime rate in various countries. Furthermore, this is expected to increase the demand for an integrated surveillance system. For instance, Surat police in the state of Gujarat, India, operates a network of 604 cameras in 114 different locations for easy detection of criminals. Moreover, they have been using video-based analytics solutions, which are deployed at the command-and-control center, primarily to track down street crimes. The software deployed was a facial recognition and automated number plate recognition (ANPR) solution. The overall solution includes software for detecting cases of overspeeding as well.
VSaaS has been witnessing a significant improvement, in terms of adoption, in the past few years. This is primarily due to the market penetration of IP camera sales. Significant factors, such as IT cost containment by major IT organizations, the emergence of data centers, and improving functionalities associated with centralized data, are aiding the VSaaS segment’s growth. ?
The Asia Pacific video surveillance market has grown significantly due to the increasing use of video surveillance cameras in the field of security and law enforcement, mainly to reduce the crime rate in countries like India and China. For instance, according to the Chinese Ministry of Public Security, Ministry of Justice (China), Supreme People’s Procuratorate (China), Supreme People’s Court, in 2020, around 1.65 million theft crimes were committed in China. In China, cameras are primarily placed in public spaces and are funded by the government to deliver widespread video surveillance coverage within public areas.
?However, these video surveillance systems have also been viewed as a violation of privacy and are opposed by various civil liberties groups and activists. There have been increasing concerns about who watches the video and how the video might be misused because people expect that their personal information is used only for legitimate and specific purposes.
Key Market Trends
Commercial Segment is to Dominate the Market
The infrastructure segment includes road, rail, airports, stadiums, etc. Technological advancements in the video surveillance industry have led to the development of night vision cameras designed to work in low-lit areas. Infrastructure segments, specifically roads, need night-vision cameras to monitor traffic and keep track of suspicious activities. These factors are expected to accentuate the demand in the infrastructure segment.
Cameras offer a wide range of video surveillance applications, including scene monitoring, facial recognition, video smoke detection, remote video monitoring, automatic number plate recognition, etc. Presently, consumer requirements include cameras of HD-compliant 1080p 25/30 fps technology. With the growing need for security, high-definition technologies in video surveillance are expected to penetrate the market during the forecast period.
Cameras with pan, tilt and wide zoom features are preferred to detect and track intruders. 360-degree panoramic cameras and thermal infrared cameras, which can operate in the dark, are expected to witness increased adoption over the forecast period. The previous models of 4K cameras offer a lower frame rate resolution. However, the advent of 4K in video surveillance is much ahead in the consumer market, as compared to that of 1080p.
Further, the use of GPU (Graphics Processing Unit) in the video surveillance system is accelerating the camera capabilities by at least 25% higher performance, 30% higher camera counts at full HD resolution, and 30 frames per second against 15-30 frames per second, which was throwing a massive pile of CPU earlier.
Advent to this, the infrastructures have become smarter across the world in recent years, with the incorporation of Artificial Intelligence and deep learning technology-enabled cameras expected to increase during the forecast period. Several chip/processor companies are investing in developing AI chips for the cameras. For instance, in recent years, HiSilicon (Shanghai) Technologies Co. Limited launched a series of high-performance AI chips for the camera to address surveillance intelligence.
Another hardware advancement that occurred is the intelligent video surveillance cameras related to the concept of mobile vision. Consumer electronics companies are developing mobile application-based video surveillance cameras. For instance, Xiaomi introduced a 360-degree camera with mobile vision capabilities for smart home applications. The increase in smart home projects across the world is expected to contribute to the deployment of such technologies to improve public safety.
China in Asia Pacific is presumed to dominate the market
The introduction of the smart cities concept in the country is the major driving force for the video surveillance market in China. Advanced video surveillance techniques have been integrated with the city administration to boost efficiency. Yinchuan city in China is an example of an advanced smart town where everything, from buses to dustbins, is integrated into a unified system.
One of the pioneer systems designed using video surveillance was the Hangzhou “City Brain” project, created by Chinese retail and tech company Alibaba, which uses camera systems and sensors across the city to collect data on road conditions in real-time. The data is fed to an AI hub, which manages traffic signals at 128 intersections and helps city officials make better decisions faster.
China is making progress on a surveillance system that will connect security cameras nationwide via a cloud to a database of every person’s facial ID profile and a file of their personal details, according to an article in the South China Morning Post (SCMP). The article has led to a discussion as to whether the system already exists and what its potential dangers may be.
The SCMP piece updates the story on the Chinese government’s plan to implement a national system that could use surveillance cameras to identify any one of China’s 1.3 billion people within 3 seconds and with at least 88% accuracy. The project has been underway since 2015, and various technology companies have been involved. It is, however, facing some technical difficulties.
China is a major driver for AI surveillance worldwide, as it is home to companies, such as Huawei, ZTE, Dahua, and Hikvision, that provide surveillance technology for over 63 countries, with 32 of them signed onto China’ Belt and Road Initiative.
Competitive Landscape
The Video Surveillance Systems Market is highly competitive due to the presence of many key players constantly upgrading themselves to gain a competitive advantage over other players. The video surveillance market is currently dominated by major players like Honeywell Security Group, Bosch Security Systems Incorporated, Samsung Group, Schneider Electric SE, Panasonic Corporation, among others.
December 2021: Axis Communications launched an open-source project for video authentication that ensures the integrity of surveillance video, and it is implemented in the company’s cameras. Axis has published a document detailing a framework that will serve as a starting point for partners to implement integrated video authentication methods.
September 2021: Bosch’s Intrusion Control Panels (B and G Series) were integrated with LENSEC’s Perspective Video Management Software (PVMS). This new partnership of the companies would allow security operators to manage intrusion, fire, and access control systems while monitoring video surveillance cameras behind one pane of glass.
April 2021: FLIR and Neurala partnered to develop AI-Powered Industrial Machine Vision. This new imaging system allows users to rapidly create deep learning models using Neurala’s Brain Builder on the VIA platform with little data and no AI expertise. These models can be directly uploaded to a Flir Firefly DL camera using the free Flir Spinnaker software development kit.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06192780/?utm_source=GNW
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Artificial Intelligence
Titans of Tech: GP Bullhound releases its annual report on the European tech ecosystem
LONDON, May 24, 2024 /PRNewswire/ — Titans of Tech: Unrivalled era of A.I. led innovation for European Tech – No more excuses. GP Bullhound is proud to announce the release of its Titans of Tech 2024 report. For the tenth year in a row, GP Bullhound has released its annual Titans of Tech report, highlighting and analysing the growth trends in Europe’s tech ecosystem. This comprehensive analysis underscores the resilience and growth of Europe’s tech sector, setting the stage for a new era of innovation and investment.
Key takeaways from our report include:
The funding frenzy is over, but the new normal is very healthy: Funding levels have normalised, averaging €15Bn per quarter over the last year, which is ~50% higher than 2019.The value of the ecosystem is growing despite the failures: 14 new unicorns were created in the last 12 months. Europe and Israel now have 323 unicorns, up from 311 a year ago and 283 the year before. The ecosystem’s total valuation has grown to $1.2Tr, an ~11x increase in billion-dollar companies and a ~14x increase in aggregate valuation since our first report in 2014.Megarounds are fewer but larger and still accessible: Access to capital rounds exceeding $50 million has tightened, but investors remain interested in supporting innovators. The deal count dropped 68% over the last two years due to a focus on profitability and conservative planning. Only 17% of European unicorns raised capital in 2023, as 93% had already raised funds during the 2021-2022 bull market.Software innovation continues, shaping the way we live and work: Despite funding challenges, technological developments, especially in artificial intelligence, continue to drive automation and cost savings. European AI companies received over €11Bn in funding in the last year, with 36% of new unicorns being AI/ML businesses.Category leaders and geographies: This year, the UK and France lead the startup arena with three unicorns each. The UK’s unicorns are valued at $3.4Bn, with significant contributions from AI leaders Synthesia and Builder.ai. France’s trio reaches a collective valuation of $7Bn, highlighted by innovators like Mistral AI. Germany, Israel, and the Netherlands each added two unicorns, while Sweden and Italy added one unicorn each.Europe’s most promising startups: GP Bullhound has analysed more than 100 European startups for scale, velocity, and sentiment, and ranked the top 50 companies with the most potential to become one-billion-dollar companies. The top 10 include Agicap, Brevo, Typeform, Homa, AMBOSS, Akeneo, Form3, Flo Health, Aidoc, and ConnexOne.Manish Madhvani, Managing Partner at GP Bullhound, said: “After ten years of issuing our Titans of Tech report, we have witnessed the highs and lows of the European tech ecosystem. A year ago, the situation was less encouraging for the fundraising environment, with macro uncertainty and with businesses more focused on layoffs than on growth and innovation.
Today, against the backdrop of negative headlines, we have cemented the building blocks for the next wave of innovation. Funding levels have stabilised, and are amazingly 50% higher than pre bull market levels. With Europe’s maturing base of engineering talent and the world’s fascination in its potential productivity gains, artificial intelligence offers a unique opportunity to create global leaders in record time. There is no shortage of funding for the best entrepreneurs and companies, as evidenced by the record $220m seed round for Paris based H announced this week. What was noticeable about the round was the range of the investor syndicate : from strategics such as Amazon, Samsung and UI Path, household names such as Bernard Arnault, Eric Schmidt and Xavier Niel, and leading VC’s.Looking ahead, we expect the next few years to represent an era of unprecedented innovation in the European ecosystem. Innovation is flowing, vast amounts of capital are available for the strong and the talent pool is expanding. No more excuses Europe!”
Expert interviewsWhat does it take to build a billion-dollar company? What are the critical success factors for European tech? How to remain resilient in a challenging market and benefit from economic downturns? This year’s report features expert views from leading founders and CEOs, including Synthesia, Quantexa, SEON, Flo Health, Zappi and CoverManager.
Download full report: www.gpbullhound.com/articles/titans-of-tech-2024
EnquiriesFor enquiries, please contact: [email protected]
About GP BullhoundGP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.
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Artificial Intelligence
Bybit Web3 Announces Upcoming IDO for Aperture Finance, Simplifying Web3 Finance
DUBAI, UAE, May 24, 2024 /PRNewswire/ — Bybit Web3, the Web3 division of Bybit – one of the top three global crypto exchanges by trading volume, today announced an upcoming Initial DEX Offering (IDO) for Aperture Finance ($APTR) on its Web3 platform.
“Bybit Web3 is thrilled to be partnering with Aperture Finance to bring their innovative IDO to our platform,” said Emily Bao, Bybit Web3 Evangelist. “Aperture Finance’s AI-powered solutions have the potential to revolutionize DeFi by simplifying complex transactions and making Web3 finance more accessible to a wider audience. We believe this IDO will be a great opportunity for our users to get involved in this groundbreaking project early on.”
Aperture Finance: Simplifying the complexities of Web3 finance
Aperture Finance is a pioneer in AI-powered intents. Featuring an IntentsGPT interface and an AI-driven smart solver simulation, Aperture’s solver network significantly reduces barriers for DeFi users and enhances transaction efficiency.
IDO Details
IDO Subscription Period: May 24, 2024, 10AM UTC to May 28, 2024, 10AM UTCSnap Period: May 28, 2024, 10AM UTC to May 31, 2024, 10AM UTCReveal and Purchase Period: May 31, 2024, 10:15AM UTC to June 1, 2024, 10AM UTCListing Date: May 31, 2024, 10AM UTCToken Details
Token: APTRTotal Supply: 1,000,000,000Total Allocated to Bybit IDO: 6,666,667 APTREligibility Requirements
Users must hold a Bybit Wallet with a minimum balance of 300 USDT (Arbitrum Chain) throughout the Snapshot Period to participate in the IDO.Three (3) snapshots will be taken daily during the Snapshot Period.Maximum number of winners: 3,000For detailed information on the IDO process and eligibility requirements, please visit the Bybit Web3 page: https://www.bybit.com/en/web3/ido
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3.
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.For media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social Media
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Artificial Intelligence
Northern Data Group’s Peak Mining, announces purchase of a second 300MW data center location in Corpus Christi, Texas
The location expands on an adjacent 300MW site, purchased in December 2023 The site comes with an ERCOT-approved interconnect of 300MWConstruction already underway, with long-lead time items secured and energization scheduled for early 2025FRANKFURT, May 24, 2024 /PRNewswire/ — Peak Mining, part of the Northern Data Group, announces the purchase of a second 300MW ERCOT-approved site in Corpus Christi, Texas. The location is adjacent to the 300MW mining facility that is already under construction. The site also provides energy in the attractive low-cost power zone of Load Zone South of the ERCOT grid, known for its abundance of renewable (wind) energy.
The investment represents a significant step forward in Northern Data Group’s investment strategy, cementing expansion plans well beyond the current 2024 financial year.
The new site enables Peak Mining to accelerate its expansion plans to become one of the largest bitcoin miners globally. The company will be deploying indoor, custom-designed, fully-integrated and liquid-cooled HPC data center systems to drastically improve deployment time and infrastructure cost, bringing Peak Mining to a leading position in the industry and preparing it for the future of HPC compute.
Saxet Infrastructure Group (“Saxet”) will act as construction manager for the design, build and energization of the substation. The Saxet team brings a strong track record of project management and deep expertise with the construction of HPC infrastructure.
Niek Beudeker, Managing Director, Peak Mining, commented: “The purchase of this second large site will significantly shorten our time to hashing and kick off one of the fastest mining expansions globally. We now have almost 700MW of sites in active development, that when fully fitted with our latest-generation hardware, could potentially provide up to 40EH of hash rate.”
Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:”This second data center location demonstrates how Northern Data Group is able to harness the power and opportunity of HPC. Sustainability has been at the core of this further expansion into the US and thanks to the center’s ERCOT approved status, we will be able to scale our operations at speed, as the demand for digital assets continues to grow.”
Steven Quisenberry, Chief Executive Officer at Saxet Infrastructure Group, commented: We are excited to support Northern Data Group’s expansion in the ERCOT market and specifically to welcome them to the Corpus Christi area. The combination of base load industrial demand and significant renewable resources creates a unique opportunity for their portfolio. This is a terrific example of one of the largest, most advanced liquid cooled data centers in North America and we are proud to partner with Northern Data Group to bring their data center online.
Northern Data Group was advised on the transaction by Katten Muchin Rosenman LLP (Legal Counsel) and BitOoda Technologies LLC.
About Peak MiningPeak Mining, part of the Northern Data Group, is powering the future of the blockchain network. We deliver industry-leading operating and energy efficiency in bitcoin mining through the latest hardware alongside innovative technology and infrastructure. With our mining heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to power the mining network, and we’re driven to continuously find new efficiencies driving value for our investors. We’re delivering long term value in more responsible ways.
About Northern Data GroupNorthern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions to businesses and research institutions, utilizing GPU- and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business divisons: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.
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