The global video surveillance market revenues are set to reach $24 billion by the end of 2021, according to Omdia’s latest Video Surveillance and Analytics Intelligence Database.

The June/July 2021 Security Market Index (SMI) shows that the security industry’s outlook is on the rise this summer, with a SMI of 67, up from 54 in April/May.

Eagle Eye Networks, Austin, Texas, announced the availability of its annual “Video Surveillance Report,” which produced interesting results regarding market trends in video surveillance. This year’s report was collected from video surveillance and information technology (IT) professionals, and the survey topics spanned the usage of video surveillance systems, cloud video surveillance, the role of IT departments and views regarding video surveillance systems’ vulnerability. 

Canon U.S.A. Inc. announced Canon Europe has signed an agreement to acquire Denmark-based Milestone Systems A/S, a provider of open platform video management software, via its subsidiary Canon Europa N.V. The new combination will create a formidable player in the fast growing network video surveillance market by combining the strengths of Canon’s innovative imaging technology with Milestone’s video management software expertise.