The top five leading vendors for the global security-as-a-service space have been revealed, with research firm Technavio outlining who is best contributing to market growth.
To identify the top vendors, market research analysts took into the account the revenue generated from the services provided by the vendors in the market for video surveillance and access control hardware and software*.
“Vendors in the market are entering into partnerships to provide the best products, and end-users have the freedom to choose from various security solutions,” explains Amrita Choudhury, key analyst for Technavio’s ICT vertical.
“Besides, the integration of products in the market will offer more options for dealers and integrators who are looking to improve their product offerings and services. This will give end-users the flexibility to use security products from the industry's leading software providers,” she says.
Top five vendors in the security-as-a-service market space, according to Technavio”
Axis Communications' video encoder solution integrates the analogue system with products that brings the system up to speed with the latest IP technology. Video encoders give the immediate network video benefits, as well as a platform to expand and update the infrastructure with network cameras, software, and networking/storage devices.
The company's products and solutions are specific to surveillance and remote monitoring. It provides various types of network cameras such as megapixel cameras, outdoor cameras, and thermal network cameras. It also provides video encoders and VMS. Additionally, it also provides accessories such as mounting accessories and camera housings. It serves sectors such as education, banking and insurance, retail, healthcare, and government departments.
Founded in 1969 and headquartered in Fairport, New York, US, the company operates as a subsidiary of Robert Bosch. It designs and supplies security equipment for communication, video surveillance, access control, intrusion, and fire detection applications. Bosch Security Systems deals with security equipment for video surveillance, access control, intrusion, and fire detection applications. The main products of Bosch are analog cameras, IP cameras, and digital video recorders. It also deals with fire alarm and intrusion systems. In addition, the company offers conferencing systems and professional audio systems for voice, sound, and music transmission.
Cisco provides security solutions for service providers such as turnkey managed security cloud solutions and hosted solutions, which allow service providers to deliver cost-effective managed services that are operated from their own cloud infrastructure. Cisco Systems deals with products and services related to the communication and IT industries. A strategic business unit of Cisco deals with physical security products and software such as video surveillance software, IP cameras, and access control solutions. The company's video surveillance software ensures high-quality video surveillance, optimizing on cost, performance, and capability.
Honeywell Security was established in 1929 and is headquartered in Huntington, New York, US. It manufactures automation and security solutions for the commercial and residential applications. The company offers video surveillance products and access control systems in APAC, EMEA, and the US. Honeywell Security operates as a subsidiary of Honeywell International. Honeywell Security offers solutions to the airport, banking, finance, gaming, government, healthcare, industrial, life sciences, military, residential, retail, and seaports customers.
Panasonic was founded in 1918 and is headquartered in Kadoma, Japan. The company manufactures and distributes electronic products in Japan and worldwide. The company also provides various business solutions such as communication solutions, recording media, security systems, document and imaging solutions, IT solutions, and terminal solutions. It has a strong presence in North America, South America, EMEA, China, and Oceania.
* Video surveillance hardware and software: This segment consists of analog security cameras, DVRs, network video recorders (NVRs), video encoders, network security cameras, video management software (VMS), camera housings, CCTV controllers/keyboards, and motorized camera positioning mounts.
Access control hardware and software: It includes the following equipment types: readers, control panels, credentials, and electronic locks.