While adoption is growing rapidly, cities and vendors need to address public perception and regulatory hurdles
BOULDER, Colo.–(BUSINESS WIRE)–#AI–A new report from Guidehouse Insights examines the key developments in municipal smart video analytics, providing company overviews for key technology developers as well as recommendations for stakeholders in the smart city video analytics market.
The video analytics market for municipal customers is at a critical stage. As a software-driven, cloud-computed solution, video analytics offers municipalities the ability to extend their data capabilities. However, according to a new report from Guidehouse Insights, cities and suppliers need to address a lack of trust in the way systems are used if they are to realize the full potential of the technology.
“This type of visual AI can easily track the number of objects it sees over a timeframe, alert first responders to potential threats, and help locate missing persons. The capabilities of these systems are also relatively simple to alter because most computations are performed in the cloud,” says Grant Samms, research analyst with Guidehouse Insights. “Although there is considerable promise in the application of visual analytics, there are also cost and privacy challenges that the industry still needs to find ways of overcoming.”
To work toward overcoming the challenges, Guidehouse Insights recommends cities apply smart video analytics to help solve a wide range of city operational issues. Cities and vendors must address the privacy and data concerns associated with the technologies, and vendors should look to navigate the cultural difference on privacy across world regions.
The report, Trust Is Key to Realizing the Value of Smart City Video Analytics, discusses the key developments in municipal smart video analytics, including use cases in developing cities, regional trends, and the drivers and barriers for the video analytics market. This report provides key technology development company overviews as well as recommendations for stakeholders in the smart city video analytics market. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. We help clients address their complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 10,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Trust Is Key to Realizing the Value of Smart City Video Analytics, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.