IDC White Paper, sponsored by milestone
Unlocking a video empowered new next
How does your organization compare in the race to gain a competitive edge with video technology? Download this white paper to find out.
See how your business can navigate the new possibilities with video technology.
Beyond surveillance and into
the boardroom
Video technology solutions are becoming integral to how
organizations operate. As this IDC study details, C-suites are
awakening to the many new uses of video beyond surveillance.
What's most striking is the exponential speed at which this
digital transformation is happening.
KEY STATISTICS
84%
of organizations will deploy advanced video technologies such as video analytics and sensor information in the next two years.
26%
of organizations plan to establish a central video technology platform connected to other systems.
$2bn
is the amount organizations around the world expect to spend on video technology in 2021-2025.
Source: Worldwide Video Surveillance Analytics Forecast, 2021–2025, IDC #US47835921, June 2021
KEY TAKEAWAYS
Use cases have exploded
Video technology has been transformed by recent advances in artificial intelligence, image processing, cloud computing, and sensors. The potential for achieving new business outcomes with video is enormous, which is why respondents plan to invest big in the next two years.
Video technology will become a part of core IT
In the next two years, the proportion of organizations who plan to use “video technologies as an advanced technology platform connected to other systems, inside and/or outside the organization" will climb from 8% to 26%.
Explore by industry
The whitepaper highlights the proliferation of video technology use cases in four industries: Government, Critical Infrastructure, Healthcare Services, and Transportation & Logistics
Industry:
Government
Ensuring the safety and security of citizens and infrastructure remains government organizations’ primary video use case, but others such as environmental monitoring and temperature control are expected to steer digital roadmaps in the future.
Industry:
Critical Infrastructure
Both telco and utilities companies are increasingly employing video technology to monitor installations and grids, with maintenance and worker safety also a top priority.
Industry:
Healthcare Services
This sector already has the most diverse video use cases ranging from access control to remote monitoring. Video is expected to play an even greater role in automation and improving efficiency.
Industry:
Transportations & Logistics
Predictive maintenance and worker status monitoring are expected to steer the video technology agenda here. Optimizing route planning and reducing environmental impact are also priorities.
Industry:
Government
Ensuring the safety and security of citizens and infrastructure remains government organizations’ primary video use case, but others such as environmental monitoring and temperature control are expected to steer digital roadmaps in the future.
Industry:
Critical Infrastructure
Both telco and utilities companies are increasingly employing video technology to monitor installations and grids, with maintenance and worker safety also a top priority.
Industry:
Healthcare Services
This sector already has the most diverse video use cases ranging from access control to remote monitoring. Video is expected to play an even greater role in automation and improving efficiency.
Industry:
Transportations & Logistics
Predictive maintenance and worker status monitoring are expected to steer the video technology agenda here. Optimizing route planning and reducing environmental impact are also priorities.
Watch the White Paper summary
Bo Lykkegaard, Associate VP of Research IDC, gives a short summary in this video: Video Technologies Beyond Security.
Next steps for C-suites?
How can organizations tackle the task of implementing and making the most of new video technology possibilities? As video use cases impact core business processes, a blueprint is needed to drive value and deliver business outcomes.
"
Bottom line is that business and public institutions are actively planning for and expecting new technologies to be deployed with video analytics solutions, to enable a wider set of advanced use cases to be delivered. These new cases can help enterprises deliver new digital experiences, generate digital revenues, or drive greater operations efficiencies and ultimately remain competitive in the new digital economy.
Bo Lykkegaard, Associate VP, European Software Research, IDC Europe.
Download “Unlocking a Video-Empowered New Next” and see how your business can navigate the new possibilities within video technology.
Survey Methodology: The study is based on existing IDC research, including IDC Digital Transformation and Software research, data from IDC's Worldwide Spending Guides, and buyer and vendor conversations. IDC also carried out a dedicated Video Technologies survey interviewing C-suites in 320 UAE and European organizations across four industries: Government, Healthcare, Critical Infrastructure, and Transportation.