Market News
Recent Developments
- On September 19, 2023, Arlo Technologies, Inc., a leading name in smart home security, unveiled its second-generation Essential cameras and doorbells, offering advanced smart home protection at an outstanding value. The latest lineup introduced the Arlo Essential XL Outdoor Camera, equipped with four times the battery life of the new standard Essential Outdoor Camera. Additionally, a novel Essential Indoor Camera has been introduced, featuring an automated privacy shield to enhance security.
- On October 30, 2023, Hikvision is a Chinese company that specializes in the development and manufacturing of video surveillance products has introduced its latest flagship Interactive Flat Panel through an online briefing session targeting installers, distributors, and end users. Boasting a top-tier processor and an intelligent conference camera, this innovative product series aims to redefine unified collaboration, focusing particularly on the smart education and conference meeting markets.
- On March 27, 2023, VIVOTEK, a prominent global IP surveillance provider, aims to deliver all-encompassing security solutions and introduced its groundbreaking facial recognition camera. This innovative device integrates edge computing, enabling enterprises to swiftly identify the gender and age of individuals in video footage including those wearing masks. The camera is equipped with a built-in memory card for storing facial data of up to 10,000 profiles, achieving an impressive 99% accuracy rate in detection.
Key Strategic Initiatives
- On May 17, 2023, Logitech is a Swiss manufacturer of computer peripherals and accessories, including mice, keyboards, webcams, speakers, and gaming devices. revealed a partnership with iFixit, a worldwide repair community specializing in selling replacement parts and offering toolkits and repair guides for consumer electronics. Through this collaboration, Logitech aims to make spare parts more accessible, extend support for repairs beyond the warranty period for specific products, and create comprehensive repair guides to assist in the repair process.
- In February 2023, Hikvision announced that it had acquired DeepVision, a leading artificial intelligence (AI) company specializing in video analytics. This acquisition will help Hikvision to strengthen its AI capabilities for its cloud cameras and other products.
- In March 2023, Axis Communications is a Swedish company specializing in network video and surveillance solutions. Announced that it had partnered with Microsoft is a multinational technology company that offers a wide range of products and services to integrate its cloud cameras with Microsoft's cloud-based services. This partnership will make it easier for businesses to use Axis cameras with Microsoft's cloud-based services.
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