Oyla, the technology leader of 3D, LiDAR-based video security solutions, today announced significant growth in the perimeter security market as more organizations look to adopt advanced and multi-layered surveillance applications to mitigate risks and increase awareness. The company’s core LiDAR-based 3D sensor fusion camera allows organizations to take video beyond traditional use cases and expand capabilities through the layering of AI, IoT, and other IT-enabled solutions.
The demand for video surveillance in perimeter applications is increasing as risks evolve. Organizations and agencies around the globe are prioritizing video data and looking to adopt a more proactive approach to security. A recent report by MarketsandMarkets projects that the perimeter security market will grow from $61.3 billion in 2020 to $96.5 billion by 2026, at a CAGR of 7.9% during the forecast period. The rise in perimeter intrusions, theft, cross-border terrorism, illegal immigration, and other threats significantly impacts the rising demand for innovative solutions that transform security response into proactive mitigation.
“Protecting perimeters and borders continues to be one of the most challenging environments in the world, and Oyla’s technology has the potential to be an essential platform to deliver better insights for better security,” said Wesley Tillu, Investments, In-Q-Tel, Inc. “We’re excited to partner with Oyla and bring their cutting-edge technology to our government partners.”
Oyla fuses powerful visualization technologies into a single, cost-effective form factor and provides reliable analytics, giving organizations the insight they need to secure people and assets. Investment in the Oyla platform ensures enhanced performance, scale, and resiliency amid a growing demand for flexibility to combine multiple video enhancements on a single camera.
“We continue to invest in innovative technology and focus on our commitment to solving our customers’ most complex perimeter security problems,” said Srinath Kalluri, CEO, Oyla. “The expertise and recognition we have built in this mission-critical market demonstrate the impact LiDAR video and sensor fusion technology has in this complex environment. Customers are beginning to experience the value of layering multiple visualization technologies in one camera for enhanced intelligence, and we are well-positioned to help them further evolve their video infrastructures.”
Webinar On-Demand: The 3 P’s of Perimeter Security: Preparedness, Protection, and the Players
Join Oyla and GC&E Systems Group on for an interactive discussion around the 3 P’s of perimeter security and how to get more prepared, establish better protection, and work with the right players in the industry. You’ll hear from Oyla’s CEO, Srinath Kalluri, and Rob Hile, GC&E Sales Manager share insights on:
- How to better prepare and deter security threats in real-time to address growing risks
- What industries are benefiting from better perimeter protection
- The tried-and-true methods of perimeter security and introducing the newer technologies, like sensors, LiDAR, and other AI-based solutions
- How to develop the right multi-layered perimeter security strategy