Sydney Trains has installed an AI-based video analytics security system at 13 stations across the Sydney metropolitan area. Under the agreement, the train operator has integrated a range of video analytics solutions from a UK-based tech firm specialising in Scenario-Based Video Analytics and Artificial Intelligence (AI) with its security cameras to identify incidences of tunnel and track intrusion across the 13 stations.
The upgrade uses the Atos Computer Vision Platform, an end-to-end computer vision platform providing pre-trained and customisable AI models. The platform is powered by the BullSequana server range and GPUs by a US-based computer systems design services company.
The video analytics firm is working with the computer systems design services company on the implementation of computer vision in transportation. This is the company’s second transport project in the region. The video analytics company has also been involved in a previous AI video analytics program in the UK through the Innovate UK SBRI Initiative.
The Sydney Trains Manager of Security Capability stated that the company was selected in a competitive tender process. He noted that the firm’s proven track record in the AI video analytics space, its partnership with Genetec and its work with Innovate UK’s Small Business Research Initiative (SBRI) for railway-focused AI applications made it a well-deserved choice.
The global video analytics market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period, to reach US$14.9 billion by 2026 from US$5.9 billion in 2021.
Key factors that are expected to drive the growth of the market are the increasing investments and focus of governing institutions on public safety, the need to utilize and examine unstructured video surveillance data in real-time, significant drop in crime rate due to surveillance cameras, growing need among enterprises to leverage BI and actionable insights for advanced operations, limitation of manual video analysis, government initiatives in adopting emerging technologies to enhance the public safety infrastructure, reduced cost of video surveillance equipment and long term ROI and demand for enhanced video surveillance.
The video analytics market is growing due to the presence of a large number of global players in the market. The major factors that are driving the adoption of video analytics solutions among the enterprises as well as SMEs across various verticals including BFSI, city surveillance, critical infrastructure, education, hospitality and entertainment, manufacturing, defence and border security, retail, traffic management, transportation and logistics and others due to significant adoption of cloud services and security infrastructure.
Developing countries across APAC and MEA are expected to offer more opportunities for vendors in the market. The recent economic slowdown with the impact of COVID-19 emphasizes the need for alternate business systems. It has become important for businesses to embrace cloud computing and utilize video analytics solutions for enhanced safety and security of the workforce.
The recent economic slowdown with the impact of COVID-19 emphasizes the need for alternate business systems. It has become important for businesses to embrace cloud computing and migrate to cloud video analytics solutions. This will help organizations to have a stable business condition in the short term while targeting continued growth and expansion in the long run.
The recent COVID-19 crisis has shifted the focus on the safety and security of human lives. Also, the emergence of intuitive technologies mainly the Ai-based surveillance systems based on deep learning and computer vision technologies. The organizations are utilizing video analytics solutions across end-user industries due to a variety of benefits including dynamically attain situational awareness, proactively drive real-time alerting, and scheduling BI dashboards.
