Market Trends of Europe Home Security System Industry
This section covers the major market trends shaping the Europe Home Security System Market according to our research experts:
Security Cameras have a high demand for home security
- With the growing inclination towards advanced technologies such as 5G internet speeds and the increasing need for tech-driven surveillance systems, IT service firm Atos entered the video analytics market by acquiring Ipsotek in April 2021. Ipsotek'sIpsotek's VISuite provides multi-camera tracking capabilities and may be used across various use cases, including crowd management, smoke detection, intrusion detection, perimeter protection, number plate recognition, and traffic management.
- Securitas France partners with Quanergy to bring one of the first mobile surveillance solutions integrating 3D LiDAR technology to the security market. Securitas' Mobile Cam 3D mobile surveillance solution connects Quanergy's M-series LiDAR sensors and security cameras to protect temporary and remote areas such as construction sites, warehouses, parking lots, and homes. Mobile surveillance units are used for perimeter protection and intruder detection where infrastructure is permanently installed.
- Companies are focused on innovating new security cameras with better qualities and resolutions. For instance, in June 2021, i-PRO announced its new updated range of S-Series cameras, set a new standard with embedded AI capabilities, and improved image quality for more accurate analytics running on the camera. The first four indoor dome and box-type models with Full HD resolution were available in July 2021.
- According to a report published by Bundeskriminalamt in April 2021, German police recorded around 1.68 million cases of theft crime in the country. These included 75,023 cases of burglary with housebreaking in 2020. This has opened a lucrative opportunity for video surveillance providers to tap into the market, thereby boosting the market growth.
- Further, security cameras play a key role in driving smarter cities and the burgeoning industrial internet of things. Deep learning and AI are becoming more prevalent, as cameras can gather data more accurately and make predictions based on integrated analytical software manufacturers have developed. While shifting to a "smart home" environment is also playing its role, consumers have easier access than ever to easy-to-install wireless devices and doorbell cameras.
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Increasing demand for IP cameras
- The market witnessed a change in terms of an increased acceptance and adoption of IP cameras. The transition from analog to IP cameras revolutionized the adoption of video surveillance solutions, with improvements, such as sharper, high-definition digital images and advancements in video analytics and neuro networks. As IP cameras transmit truly digital signals, they offer greater video detail, making them more suitable for facial recognition or detecting license plate numbers.
- In June 2022, CNIL began discussions on augmented public cameras. France's data protection authority, the Commission nationale de l'informatique et des libertés committee, has announced a public consultation on its position regarding the use of augmented cameras. Regulators believe that these cameras may allow to extraction of a variety of information from the resulting video stream.
- With the integration of software resolutions into video surveillance, it is possible to detect unexpected and unattended objects or packages, line crossing, path tracking, and detecting 'grab and run' events. These integrations are also supported in raising alarms, thus, reducing the need for security guard patrols. Facial recognition software and integration with advanced systems effectively identified suspicious individuals.
- The market is witnessing an increase in the implementation of Artificial Intelligence and Machine Learning with video analytics to manage security better and analyze data feeds. In April 2021, Milestone Systems, an open platform IP video management software (VMS) vendor, partnered with Two-i, a technology company specializing in AI software development. The collaboration intends to provide an AI-based video analytics solution for VMS. Two-i will enable users access to an AI interface dedicated to analyzing live or recorded video streams.
- Although various countries are making efforts to reduce the house crime rate, the low clearance rate of crimes, including housebreaking, encourages people to opt for home security systems, propelling the market growth.
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