The global smart city AI software market is expected to soar to $4.9 billion in 2025, up from $673.8 million in 2019, according to Omdia.
Statistics from the visitor management report shows companies putting less of an emphasis on brand experience and perception, while prioritizing compliance, security and data collection.
The report also found that a vast majority of IoT devices are unencrypted, potentially exposing personal and confidential data.
A chief reason for the volatility is that within the last five-year cycle there has been at least one major multibillion deal per year, but none so far in 2020.
The research firm’s DIY Home Security Tracker finds do-it-yourself security solutions make up the majority of new security households.
Rising demand for consumer security cameras and video doorbells is driving new competition, challenging market leaders Nest and Arlo, Omdia says.
SSI requests the help of installing security contractors to gain a better understanding of the role that access control plays in the success of their organizations.
Somewhat surprisingly, smart home product buyers that prefer DIY are more likely to be Boomers than Gen-Xers or Millennials, according to this study.
A study conducted by the Ponemon Institute explores the increasing risk around connected IoT, cryptography-related security incidents and more.
Camera shipment revenues for border control are forecast to reach $1.9 billion by 2025 due to adoption of video analytics and machine vision technologies.