Connect with us
European Gaming Congress 2024

Artificial Intelligence

Smart Home Security Market – Growth, Trends, Covid-19 Impact, And Forecasts (2023 – 2028)

Published

on

<!– Name:DistributionId Value:8780329 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:5557 –> <!– Name:CustomerId Value:1199811 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:223bf518-4afc-4a90-868a-6f532b7c4a5b –>

New York, March 02, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Smart Home Security Market – Growth, Trends, Covid-19 Impact, And Forecasts (2023 – 2028)” – https://www.reportlinker.com/p06417052/?utm_source=GNW
The smart home security market is driven by the increasing crime rates worldwide, forcing people to focus on security and safety systems, especially in residential areas.

Key Highlights
The growing DIY security systems trends and new developments by newer player offerings are analyzed to significantly contribute to the market growth rate. The latest market entrants are trying to add features like monitoring houses via smart devices, such as smartphones or smart speakers. For instance, most competitors in the smart thermostat space, including Nest and Hive, have security cameras as their portfolio. Recently, Ecobee shared plans to keep pace with the competition too.
Google launched a DIY security system under its Nest brand, and Amazon acquired Ring. After establishing a solid base by adding voice and security to their portfolio, both brands have continued adding connectivity to their security portfolio.
Moreover, with the increasing growth of the smart home market, the adoption of video doorbells is significantly rising for the market for smart cameras and monitoring systems. The majority of smart video doorbell cameras possess the capability to send alerts on sensing motion. In addition, they tend to send a live video feed to the desired device platform. Recently, these features have witnessed functional uplifts in the new trend of integrating security systems through platforms like Amazon’s Alexa or Google Assistant for voice-based functioning.
Smart home security systems usually incur high costs due to deploying advanced techniques, including sensors, cameras, alarm systems, etc. Moreover, the growing cybersecurity concerns with the inclusion of smart devices are analyzed to hamper the market growth during the forecast period.
The outbreak of COVID-19 has led to an additional motivation and incentive for voice control in the home, which has, in turn, driven awareness and adoption of a range of other smart home devices and applications. Therefore, a shift in spending toward technology-enabled services for home consumption has increased.

Smart Home Security Market Trends

Software Component Sector Segment to Witness Significant Growth

Advertisement
Stake.com

The software segment includes various types of software, which are accessible through multiple devices for video management, security control, access management, device connectivity, alerts, device monitoring, and authorization, among others. The demand for software increases with the adoption of various smart home security solutions. The software is used to control multiple smart hardware devices for enhanced security of homes.
The use of smart cameras for surveillance has increased in recent years, boosting the need for video surveillance software. This software is primarily utilized in smart home security systems to handle data streaming from security cameras and surveillance equipment. Such software offers a single platform view, enabling an effective security system.
Furthermore, due to various technological developments such as AI, ML, motion tracking, and many more, the demand for software for surveillance has recently increased. Due to this, players in the market are developing software with new technologies.
Various smart locks and sensor manufacturers are partnering with software providers to enhance the user experience and improve operational efficiency. ButterflyMX, a provider of access control technology for multifamily, commercial, gated communities, and student housing properties, partnered with RemoteLock in September 2022. The partnership was to develop an integrated property access control system. By replacing traditional keyed access to properties with smartphone-based access, operating costs are reduced, NOI increases, and resident satisfaction increases.
With such developments and the increase in the demand for smart home security solutions worldwide, software applications for smart home security are expected to gain significant traction. Furthermore, adopting new technologies such as AI, ML, IoT, and 5G connectivity positively impacts the market studied during the forecast period.

Asia-Pacific is Expected to Register the Fastest Growth

The rapid urbanization of the Chinese region is significantly boosting the smart home security systems market. In China, cities were home to around 64,7% of the country’s inhabitants in 2021. According to the National Bureau of Statistics of China, the rate of urbanization in China has been rising rapidly over the past few decades. This rapid urbanization can be seen as a major boost for the Home Security Systems in China. Sales of smart cameras are increasing in China due to the country’s strong market players. Additionally, there are more possibilities for selecting smart cameras on a big scale due to the simplicity of installation and the accessibility of cameras.
China is at the forefront regarding adopting the most recent technological innovation. The increasing adoption of AI technology increases the demand for the Chinese market segment. China’s State Council outlined its plan to develop a USD 150 billion national AI sector and rise to the top AI powerhouse by 2030.
The outlook for the residential sector suggests that the Japanese market for smart home security systems is expected to witness growth over the coming years. The main factors driving this market’s growth are the falling security product prices, rising concern for personal safety and security, and the expanding use of cloud-based technologies. The adoption of artificial intelligence and machine learning software in the residential security sector and ongoing innovations of security technology, such as smart cameras and sensors, are emerging trends that directly affect the dynamics of the home security market.
With the South Korean government updating its national smart home standards to prepare for the Internet of Things (IoT) era, major South Korean electronic manufacturers are working actively on IoT and smart homes. Multiple vendors in the country are offering innovative solutions in the market. For example, HUMAX provided a complete end-to-end smart home solution that is highly flexible and customizable for multiple services and business model requirements. The company’s solutions help customers by providing better security, convenience, and control. The company has strong partnerships with various industry-leading IoT companies to offer a wide range of smart devices.
Along with the nations already covered in the study’s discussion of the Asia-Pacific region, other countries like Singapore, Australia, Malaysia, India, etc., also have a high potential to gain a considerable share in the smart home security market.

Smart Home Security Market Competitor Analysis

The smart home security market is highly fragmented due to low entry barriers. The major players in the market are ADT Inc., Honeywell International Inc., Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co. Ltd, and Abode Systems Inc., among others. Further strategic partnerships and innovations are the driving force for the industry, and the market is evolving at a faster pace both in terms of technology and features.

Advertisement
Stake.com

October 2022 – Johnson Controls acquired rescue air systems to enhance its fire suppression portfolio. This acquisition enables the company to design, sell, and install firefighter air replenishment systems in a rapidly growing vertical market.
September 2022 – ADT Inc announced a partnership with a state farm and plans an innovative offering that combines security, risk mitigation, and smart home capabilities to revolutionize the customer experience, which aims to deliver substantial customer value with smart home technology to detect and mitigate losses related to water, fire, intrusion, and other homeownership-related risks.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06417052/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

Advertisement
Stake.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Supermicro Adding 3 New Manufacturing Facilities in Silicon Valley and Globally to Support the Growth of AI and Enterprise Rack Scale Liquid-Cooled Solutions

Published

on

supermicro-adding-3-new-manufacturing-facilities-in-silicon-valley-and-globally-to-support-the-growth-of-ai-and-enterprise-rack-scale-liquid-cooled-solutions

Expanded Manufacturing Footprint is Targeted to Bring Global Liquid-Cooled Rack Capacity to More than Double Today’s 1,000 AI SuperClusters Shipped Per Month
SAN JOSE, Calif., June 18, 2024 /PRNewswire/ — Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, continues to expand in Silicon Valley with new campuses as the demand for liquid-cooled data center increases. The new facilities will be part of the new liquid-cooled ecosystem, reducing the time needed to deliver to customers worldwide. These new facilities will focus on delivering entire plug-and-play liquid-cooled solutions, from systems to racks to water towers. With AI factories becoming more prevalent, liquid-cooled data centers are critical to meet these increasing customer demands for AI-focused workloads. Liquid-cooled data centers increase the amount of AI compute performance per watt, resulting in more performance per data center. In addition, electricity consumption and environmental impact are reduced, and operational expenses can be up to 40% lower compared to traditional, air-cooled data centers.

“Supermicro has the highest performing generative deep learning and inferencing AI platform and clusters which benefit from liquid-cooled technologies,” said Charles Liang, president and CEO of Supermicro. “Many data center owners are looking for electricity saving Direct Liquid-Cooled solutions. Supermicro is developing building block liquid-cooled solutions for AI factories and the HPC market. We anticipate that liquid-cooled data centers will grow from historically less than 1% to an expected 15% and up to 30% of all data center installations in the next two years. This expansion positions us to capture the majority share of that growth. New data centers will run more efficiently, reducing their carbon footprint, and can be virtually free, compared to air-cooled data centers, with significant operational savings realized through lower electricity use over time.”
To learn more about Supermicro’s Building Block liquid cooling solutions, click here 
“We are thrilled that Supermicro is expanding in San Jose and leading the charge to reduce the impact of data centers,” said Matt Mahan, Mayor of San Jose, CA. “Supermicro represents the best of Silicon Valley as a company that continues to push the boundaries of both technology and sustainability.”
Supermicro, as a total solution provider, supplies all the components needed for an efficient and optimized liquid-cooled solution. From the Supermicro optimized cold plates to the coolant distribution manifolds (CDMs) to the redundant coolant distribution units (CDUs) and even the external cooling tower, the entire end-to-end solution is designed and tested by Supermicro engineers, which results in a higher quality solution, enabling organizations to get more productive sooner.
Many Supermicro servers are explicitly designed for high-performance NVIDIA GPUs for AI processing, such as the very high-density 4U-8GPU systems, the Intel CPU-based SYS-421GE-TNHR2-LCC, or the AMD CPU-based AS -4125GS-TNHR2-LCC. In addition, many Supermicro servers, such as the popular 8U-8GPU systems, are liquid-cooled ready, as well as NVIDIA-based 1U ARS-111GL-NHR-LCC, which includes the Grace Hopper Superchip. Liquid-cooled servers include the 8U-20-node SuperBlade®, which provides the highest CPU and GPU computing density available today. The 2U-4 node Supermicro BigTwin® and the 4U-8 node FatTwin® multi-node servers are optimized for liquid cooling and are in high volume production today.
Supermicro continues to work closely with data center operators to match the right server technology to the demanding workloads, which are unique to each organization and cloud service provider. Many of these application-optimized servers are designed to be liquid-cooled, which reduces the overall operational cost of the data center.
Many customers have limited experience handling liquid inside data centers, requiring vendors to perform the installation and acceptance testing along with future maintenance and warranty service. On-site support is critical, and Supermicro’s service organization is highly trained in liquid-cooling deployments.
About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions manufacturer with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enable our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Asia, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names, and trademarks are the property of their respective owners.
SMCI-F
Logo – https://mma.prnewswire.com/media/1443241/Supermicro_Logo.jpg 

View original content:https://www.prnewswire.com/in/news-releases/supermicro-adding-3-new-manufacturing-facilities-in-silicon-valley-and-globally-to-support-the-growth-of-ai-and-enterprise-rack-scale-liquid-cooled-solutions-302174883.html

Continue Reading

Artificial Intelligence

AppsFlyer Applauded by Frost & Sullivan for Offering Competitive Strategies for Marketing Success with AI-driven Insights with its Data Collaboration Platform and Creative Optimization

Published

on

appsflyer-applauded-by-frost-&-sullivan-for-offering-competitive-strategies-for-marketing-success-with-ai-driven-insights-with-its-data-collaboration-platform-and-creative-optimization

AppsFlyer’s solution catalyzes competitive strategies based on market trends and consumer needs.
SAN ANTONIO, June 18, 2024 /PRNewswire/ — Recently Frost & Sullivan assessed the digital advertising AI industry and based on its analysis, recognized AppsFlyer with the 2024 Asia-Pacific Competitive Strategy Leadership Award. As a marketing measurement, attribution, and data analytics provider, AppsFlyer empowers clients with privacy-preserving technologies and fosters innovation and trust in the mobile industry. Most importantly, AppsFlyer’s founders addressed a growing need within the blossoming application (app) economy to reliably measure marketing success. The company focuses on establishing trustworthy customer relationships among marketers, developers, and product managers and offers a compelling solution that resonates with most APAC organizations, effectively addressing their evolving business models and communications requirements. AppsFlyer has nearly 100,000 active mobile apps on its platform, with its solutions enabling markets to consolidate all marketing activities, streamline campaign optimization, and enhance clients’ return on investment (ROI).

AppsFlyer’s predictive analytics and models allow marketers to refine campaigns, assess key performance indicators, and acquire timely insights for swift decision-making. It continually evolves its value proposition and product portfolio to stay on top of market trends and sustain its market position. Its top strategic initiatives focus on improving its robust solution suite, including SKAN, Privacy Sandbox, Conversion Modeling, Aggregated AdvanceMeasurement, Privacy Cloud, and Data Clean Room. AppsFlyer upgraded its Data Clean Room as part of its Data Collaboration Platform initiative, introducing Dynamic Query Engine, a powerful AI tool to improve marketers’ data analysis capabilities. The tool removes the need for structured query language intermediaries and allows developers to make informed marketing decisions, increasing ROI while protecting customer privacy.
Hemangi Patel, senior industry analyst at Frost & Sullivan, observed, “AppsFlyer upgrades its measurement solutions to foster innovation in the ecosystem. This methodology highlights the effectiveness and execution of its strategy through AI-driven insights and enhanced collaboration among growth teams in the emerging privacy era.”
AppsFlyer’s Creative Optimization leverages AI to help marketers achieve optimal audience engagement and conversion rates, allowing marketers to maximize the value of their ad investment while enhancing the effectiveness of creative content and campaigns. AppsFlyer stands out for its stakeholder integration through its partner marketplace with over 10,000 different types of collaborators (e.g., email service providers, media, customer engagement platforms, product analytics platforms, and customer data platforms). With this network, clients can connect with different providers and receive tailored partner recommendations based on industry and KPIs, establishing a new standard in ad engagement measurement.
“With over 89 product updates and two strategic acquisitions, AppsFlyer’s solutions leverage powerful tools infused with artificial intelligence to foster private data collaboration and actionable insights. Its customer-centric approach enables organizations from various industry verticals to grow their business while remaining compliant. Owing to its visionary approach to digital ads and effective alignment with mega trends, AppsFlyer stands out among providers,” added Valentina Barcia, best practices research analyst at Frost & Sullivan.
“This recognition comes at the most opportune time as we celebrate ten years of AppsFlyer in APAC. Since 2014, we’ve been a reliable and trusted growth partner to many of Asia’s most expansive and innovative digital brands. In this age of AI, we continue to lead with our Data Collaboration Platform and Creative Optimization. We believe a strategic AI-based approach is the key to success in any competitive landscape,” said Ronen Mense, APAC president and general manager at AppsFlyer.
Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share, competitive brand positioning, and customer satisfaction.
Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.
Contact:
Tarini SinghE: [email protected]
About AppsFlyer
AppsFlyer helps brands make good choices for their business and their customers with its advanced measurement, data analytics, deep linking, engagement, fraud protection, data clean room and privacy preserving technologies. Built on the idea that brands can increase customer privacy while providing exceptional experiences, AppsFlyer empowers thousands of creators and 10,000+ technology partners to create better, more meaningful customer relationships. To learn more, visit www.appsflyer.com.
Logo – https://mma.prnewswire.com/media/2439668/AppsFlyer_Award_Logo_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/appsflyer-applauded-by-frost–sullivan-for-offering-competitive-strategies-for-marketing-success-with-ai-driven-insights-with-its-data-collaboration-platform-and-creative-optimization-302173679.html

Continue Reading

Artificial Intelligence

Actian Launches Zen 16.0, the Next Generation Database for Edge Computing

Published

on

actian-launches-zen-16.0,-the-next-generation-database-for-edge-computing

Latest Zen Edition Delivers Secure, Modular, and Scalable Edge Data Solutions with Seamless Synchronization from Edge to Cloud
ROUND ROCK, Texas, June 17, 2024 /PRNewswire/ — Actian, the data and analytics division of HCLSoftware, today announced the launch of Actian Zen 16.0, the newest version of its innovative embedded database. To help businesses run faster, smarter applications on the edge, Zen 16.0 is designed for real-time data processing across mobile, IoT devices, edge gateways, and complex machinery.

Actian developed Zen 16.0 to capture the growing demand for edge computing. IDC predicts edge computing will account for $232 billion in spending this year*. Zen 16.0 simplifies and optimizes edge computing for resource-constrained environments that range from industrial IoT and connected healthcare to smart cities. Actian Zen 16.0 introduces performance enhancements and new features designed to improve efficiency and functionality for the more than 13,000 organizations currently using Zen, as well as attracting new customers.
“Actian Zen16.0 is designed to meet the needs of modern embedded systems and edge computing,” said Emma McGrattan, senior vice president of engineering and product at Actian. “Its secure and scalable design allows for easy data synchronization with Zero-ETL, making it perfect for developers creating intelligent applications that can deliver real-time decisioning from edge to cloud to give a business competitive advantage.”
Zen 16.0 delivers the small footprint with fast read and write access and automatic administration that resource-constrained environments require. Zen16.0 addresses the need to support high-performance intelligent applications with minimal administration, particularly for frequent data update use cases like sensor data collection to monitor patient well-being or asset management tracking using RFID scanners.
Zen 16.0 ensures seamless data synchronization from edge to cloud, supports both SQL and NoSQL data access, and leverages popular programming languages to empower developers in building low-latency embedded applications.
“Actian Zen provides a high performance, lightweight, and self-managed embedded database for our business,” said Trent Maynard, Director of Product & Engineering at Global Shop Solutions. “Zen continues to deliver exactly what we need and we’re enthusiastic about the new capabilities of Zen 16.0 to empower our business operations even further.” 
Detailed here, Zen 16.0 includes improved L2 cache sizing, page preload for large data files, Kafka data stream support, EasySync – a new datasync utility, enhanced JSON support, Btrieve2 Python package, Docker and Kubernetes container support, and extended index key length.
*Source: IDC Press Release, New IDC Spending Guide Forecasts Edge Computing Investments Will Reach $232 Billion in 2024, March 2024
About Actian
Actian makes data easy. We deliver cloud, hybrid, and on-premises data solutions that simplify how people connect, manage and analyze data. We transform business by enabling customers to make confident, data-driven decisions that accelerate their organization’s growth. Our data platform integrates seamlessly, performs reliably, and delivers industry-leading speeds at an affordable cost. Actian is a division of HCLSoftware.
Media Contacts
Danielle LeeSenior Director – Global Analyst Relations & Public [email protected]
Ali WheelerPublic Relations [email protected]
Logo – https://mma.prnewswire.com/media/2429927/Actian_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/actian-launches-zen-16-0–the-next-generation-database-for-edge-computing-302173606.html

Continue Reading

Trending