A BIRD’S EYE VIEW HOW CLOUD AND AI ARE RESHAPING

AN INTERVIEW WITH KEN FRANCIS, PRESIDENT, EAGLE EYE NETWORKS

The video security industry is undergoing a significant transformation as cloud-based solutions and artificial intelligence become integral to its future These advanced technologies are reshaping video surveillance and monitoring, with the latest industry analysis predicting remarkable growth.

The numbers speak for themselves. According to Research and Markets, the use of AI in video surveillance is expected to achieve a compound annual growth rate of 23 80%, with a market valuation reaching $15.99 billion by 2028. Grand View Research reports that the cloud video market is expanding, with the global cloud video surveillance market projected to reach $83.3 billion by 2028. Similarly, Novaira Insights projects that the number of cloud-connected cameras will increase at an 80% CAGR in North America through 2026 This rising demand highlights the need for data to help businesses mitigate risks and the increasing desire to leverage video data for new use cases.

Both categories are revolutionizing the industry The shift to cloud technology in video surveillance signifies a significant move away from traditional reliance on localized servers and infrastructure. While the industry was initially hesitant to adopt cloud solutions due to bandwidth and data security concerns, substantial progress has been made over the past three years According to Eagle Eye Networks President Ken Francis, the demand for cloud services is rising because these services offer scalable and flexible options that enable organizations to adapt to changing business and security needs. They are also now proven use cases demonstrating effectiveness.

"Today's customers are increasingly opting for cloud solutions for various reasons, ” Francis said “Some are motivated by regulatory requirements in industries like cannabis and utilities, while others aim to reduce onsite hardware costs and shift to an operational expense model. This CapEx vs. OpEx dynamic is driving the trend toward cloud ”

Much of the industry's recent growth can be attributed to these emerging technologies enhancing security capabilities. While cloud video services have defined the surveillance market in recent years, advancements in AI-enabled offerings have significantly contributed to continued momentum

"AI, intelligent search, and false positive alarm reduction are foundational pillars for the future of video in the physical security industry," said Francis. "Undoubtedly, AI and video surveillance will be inseparable over the next decade "

It's not just technology providers who hold this view While market numbers indicate significant growth, the future of AI in the security industry also heralds an era of evolution for cloud video and remote monitoring. AI and cloud are becoming increasingly intertwined driving advancements together.

"The increased performance that AI has enabled will be huge in automating alarm verification in remote video monitoring," said Josh Woodhouse, Lead Analyst and Founder, Novaira Insights. “Not only have we seen significant upgrades in analytics capabilities, but the cost to deploy via edge, cloud, or hybrid architecture has also significantly reduced This will enable remote video monitoring providers to offer more streamlined, efficient services to their customers and improve the performance of their operators with pre-qualified video for review and fewer false alarms."

Francis added that advancements in AI-powered remote video monitoring solutions have given the monitoring sector the boost it needs to remain at the forefront of the market. This fact is one of the reasons Eagle Eye joined forces with Netwatch to integrate Netwatch's Proactive Video Monitoring solution with the Eagle Eye Cloud VMS Since launching this partnership, the organizations have focused on leveraging AI and the cloud's capabilities to optimize operations and enhance safety for end customers.

"Remote video monitoring will remain the fastestgrowing segment of our industry for the foreseeable future," Francis said "By partnering with Netwatch, we are gaining an edge. We both see the value of proactive security, and our collaboration on video monitoring projects helps propel the market forward."

It’s no surprise that advanced analytics are increasingly in demand as part of cloud video platforms. Video intelligence solutions allow users to process large volumes of data more efficiently, resulting in actionable insights.

This also leads to the growing interest in proactive solutions as organizations seek to shift their security operations away from the reactive approaches of the past. The combination of cloud and AI enables more proactive operations providing stakeholders with the necessary data to mitigate risks

"In today's world, security needs to be more than reactive,” Francis said. “We want to help businesses unlock the power of video to transform how they approach security. It's not just about capturing footage it's about harnessing the power of data via AI to gain real-time insights and prevent threats before they happen That's why we're passionate about helping our customers achieve proactive security. It results in a safer, more secure future.”