Hanwha Vision’s 2024 Video Surveillance Trend 2: The accelerating train of cloud transition
Hanwha Vision’s 2024 Video Surveillance Trend 2: The accelerating train of cloud transition
Hanwha Vision anticipates continued growth for cloud services in the video surveillance industry throughout 2024. Driven by remote management needs, diverse cloud solutions, and pandemic-proven benefits, video surveillance industry embraces cloud technology for data, AI, and cost benefits.
Andy Jungwoo Ryu, Chief Product Officer at Hanwha Vision, explained: “Companies are increasingly investing in cloud-based services that take advantage of video data due to advanced video surveillance technology, increased initial investment costs, and current high interest rates.” He added, “It is getting more obvious that an increasing number of companies are switching their IT expenditure model from CapEx to OpEx, and these changes accelerate the adoption of cloud technology.”
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