Hikvision, an IoT solution provider with video as its core competency, has extended its global warranty on premium project products to 5 years. The new, 5-year warranty will further support Hikvision customers with easy project maintenance and increased cost efficiency.

A wide range of Hikvision product lines are covered by the new, 5-year warranty, including Hikvision Panoramic network cameras, Deepinview and Ultra Series cameras, Deepinmind and Ultra Series NVRs; and a number of explosion-proof and anti-corrosion cameras.

The newly extended warranty will apply automatically for all premium project orders shipped from Hikvision to the original buyer from 1st January 2022. It will also apply in all countries worldwide.

Trust for the long term

The new 5-year warranty provides even greater peace of mind and cost-control assurances for Hikvision customers, further extending confidence in Hikvision products and brand.

Frank Zhang, President of Hikvision’s International Product and Solution Center, says: “We are committed to delivering superior product quality and service to our customers, and the new 5-year warranty is the proof. The extended warranty gives our customers an assurance of quality and reliability, which translates into peace of mind, cost transparency, and a stronger, longer-lasting partnership with Hikvision.”

Hikvision has set up a global, three-tier network of after-sales service centres worldwide to support the new, 5-year warranty on premium project-oriented products.

The Hikvision’s global after-sales service system network includes a strongly resourced global after-sales service centre based at headquarters that provides professional after-sales service for customers worldwide. In addition there are 23 regional after-sales maintenance centres to support customers in larger local markets; and there are also 200 customer service stations that are authorised and certified by Hikvision and its global partners to deliver after-sales services for customers around the world.

The smart locks market is estimated to be valued at USD 2.1 billion in 2022 and predicted to reach USD 3.9 billion by 2027, registering a CAGR of 12.9% over that period, according to a new report just out from researchers Marketsandmarkets.

The growing adoption of IoT-based security systems and developing urban infrastructure in emerging nations are expected to create lucrative opportunities for the market players during the review period.

The smart lock market includes major Tier I and II players like Assa Abloy from Sweden, the Swiss Dormakaba Group, Spectrum Brands from the US, Salto Systems of Spain, Allegion from Ireland, and various others. These players have a strong market presence in the smart lock sector across various countries in North America, Europe, APAC, and RoW.

Robust deadbolt locks lead the way

The ever-growing demand for tablets, smartphones, and connected devices acts as a strong driver for the smart lock market. Smartphones are witnessing rapid adoption in many developed economies. The demand from developing economies, such as China, India, Malaysia, and Indonesia, will continue to fuel the demand for smartphones in the near future. The explosion of internet usage and the growing adoption of smartphones encourage companies to invest more in smartphone-based applications and mobile websites strategically.

The deadbolts are among the most commonly used exterior residential locks. They are grouped according to the grades that determine their relative strengths, based on their longevity and durability. The grades range from 1 to 3, with 1 being the highest and 3 the lowest. Most smart locks are compatible with the existing deadbolt specifically, making the systems more secure.

Residential market the largest vertical

The residential vertical includes condominiums and individual houses. Residential is the largest vertical of the smart lock market. The growth of the market for the residential vertical can be attributed to various factors such as increasing demand for smart homes, growing urbanization, and rising adoption of security solutions. Some of the leading providers of smart locks to the residential vertical are Assa Abloy, August Home, Spectrum Brands, and Gate.

APAC on the rise

APAC is expected to witness an increase in the adoption of security systems as major countries in this region are the emerging economies with a growing number of manufacturing bases and exhibiting increasing demand for connected security devices. Further, the large population base, rising research and development (R&D) activities, and increasing urbanisation are projected to fuel the adoption of smart locks in APAC.

Key players in the smart lock market as mentioned within the research, and not already mentioned above, include Honeywell, Dahua, Samsung, Vivint, Zkteco, Igloohome, Remotelock, Onity, Master Lock Company, Miwa Lock, Sentrilock, Avent Security, Havenlock, Shenzhen Vians Electric Lock Co, Anviz, Cand House, Amadas, Thekeywe, Gate Video Smart Lock, and Dessmann Schliessanlagen.

The global smart cities market size is expected to reach USD 6,965.02 billion by 2030, registering a CAGR of 24.2% over the forecast period, according to a new report by Grand View Research, Inc. The researchers suggest that the concept of smart cities is gaining popularity due to rapid urbanisation and favourable government initiatives worldwide.

Therefore, with growing urbanisation, the need to manage infrastructure and assets is prompting countries across the world to invest in smart city projects. Furthermore, the increasing investment in sustainable and green technologies has further contributed to the adoption of these technologies by smart cities around the world.

According to the findings, the market is currently witnessing high investment for smart security, smart metering for water and utilities, smart mobility, and integrated traffic management systems. Most technologically advanced cities use IoT platforms to monitor city infrastructure, manage everything from traffic flows and parking to water and air quality, and use the resulting smart data generated to handle longer-term decisions around environmental sustainability. The increase in traffic congestion and greenhouse gas emissions is driving the adoption of smart mobility and efficient energy management applications.

The lack of awareness among people is also cited as by Grand View Research as a major factor for the slow development of smart cities, as it causes ignorance about smart city projects and lowers the level of impulsion by the government to implement smart solutions for cities. However, the analysts conclude that investing in smart cities will lead to improving the regional and global competitiveness to attract new residents and improve business and allow the government bodies to make informed decisions with the available technologies, which can lead to economic development.

The smart utilities segment is expected to witness a considerable CAGR of 22.9% over the forecast period, because of increasing investments in smart grid systems around the world.

The smart infrastructure segment is anticipated to register a CAGR of 24.3% over the forecast period. The rise in rigid industry standards and regulations and the growing focus on efficient energy consumption are the key factors driving the segment.

The waste management segment accounted for a market share of over 20% in 2021, and the smart ticketing and travel assistance segment is expected to witness a significant CAGR of 23.4% over the forecast period. The growing adoption of new technologies in the smart ticketing market such as Near Field Communication (NFC), Radio Frequency Identification (RFID), Quick Response (QR) code, and local wireless ticketing enables the key players to offer smart solutions across several sectors including, transportation, BFSI, and healthcare.

In terms of geographical strength, the Asia Pacific regional market is expected to register the fastest CAGR of 27.7% over the forecast period, owing to the rapid economic developments, globalisation, digitalisation, and the increased proliferation of smartphones. A large number of 5G deployments and initiatives taken by major Asian mobile operators to resolve the problem of high bandwidth requirements are anticipated to drive the growth.

SALTO Systems, a leading manufacturer of electronic access control and operating system solutions, is investing in the Dutch company Bluefield Smart Access, a Dutch company that specializes in the development and implementation of physical identity and access management and integration solutions for corporate, industrial, real estate, and other markets.

The unique solutions developed by Bluefield Smart Access focus on automating the registration, authentication, and authorization processes of persons, identifiers such as access cards, cell phones, license plates and access authorizations.

“We’re convinced that with SALTO’s support, Bluefield Smart Access will take another step in the further growth of our company and its capabilities,” says Hans Stegeman, CEO of Bluefield Smart Access. “I was already proud of what we have achieved as a team in a short time, but now even prouder with this international cooperation. I’m very much looking forward to this partnership.”

“We’re very pleased to announce our investment into the forward-thinking Bluefield Smart Access company, which, like SALTO, was founded by a team of talented entrepreneurs,” says Marc Handels, Chief Technology & Innovation Officer at SALTO Systems.

SALTO is a leading manufacturer of electronic access control solutions with an extensive network of international SALTO companies and resellers. SALTO’s access control solutions can apply to almost any access point in a building and the area around it.

In addition to Bluefield Smart Access, SALTO has added Gantner (Austria), Clay (Netherlands), Conlan (Denmark), and Danalock (Denmark) to its portfolio in recent years, strengthening its position in cloud solutions, identity, and access solutions, and integrations, mobile access, and customer-centric solutions.

While Bluefield Smart Access will continue to operate independently and execute its solutions and services as they currently do, SALTO and Bluefield Smart Access look forward to combining competencies and leveraging both companies’ technical knowledge and expertise.

The global biometric system market is expected to grow from USD 42.9 billion in 2022 to USD 82.9 billion by 2027, at a CAGR of 14.1%, according to a new report from Marketsandmarkets. Increased advancements in biometric technology across various sectors and rising demand for authentication and identification solutions as well as security and surveillance solutions in various application areas are the primary factors driving the market growth. Growing adoption of biometric systems in consumer electronics, BFSI and automotive verticals are factors that will drive the demand for this technology in the near future.

The researchers found that the market declined slightly in 2020, mainly due to the impact of Covid-19. The supply chains were disrupted in March and April 2020 due to the lockdowns imposed by various governments and labour shortages in these industries due to travel restrictions. However, the analysts expect the sector to fully recover by mid 2022.

Single factor authentication takes the major share

Single-factor biometric systems are cost-effective and fast. The systems with single-factor authentication are much faster and simplified, although they can be prone to high-security risks. Nevertheless, technologically improving hardware and software solutions and biometric systems integrated with AI have increased the level of accuracy and security offered by single-factor authentication in recent times. Fingerprint recognition technology is the most used modality. The growth of the market for fingerprint recognition is attributed to the increasing demand for solutions based on this technology in travel and immigration security verticals for e-passports and e-visas, as well as in the government sector for issuing driving licences.

Biometrics in consumer electronics

Biometrics in the consumer electronics sector is a strong area, owing to its security and cost-effectiveness. In the consumer electronics industry, smartphones are significantly contributing to the growth of the adoption of biometrics technology. Consumer electronic companies are increasingly developing and deploying advanced and cost-effective biometric security features. There have been rapid advancements in the designs of chips and algorithms of voice and facial recognition. Also, the declining cost of biometric technologies installed in consumer electronics is playing a key role in driving market growth.

Asia Pacific predicted for high growth

The market in APAC will grow at the highest CAGR during the forecast period, according to Marketsandmarkets. The biometric system market in APAC is segmented into China, Japan, India, Australia, South Korea, and the Rest of APAC. The presence of prominent biometric system manufacturers including Fujitsu and NEC Corporation, is expected to contribute to the revenue share of this region owing to the rapid economic growth in major countries such as China, Japan, India, and South Korea The growth of the biometric system market in APAC is also attributed to technological advancements, increased awareness among the masses regarding the use of biometric systems for security purposes, and lowered the cost of devices based on these technologies.

Major players in the biometric system market include Thales Group, Idemia, Assa Abloy, NEC, Fujitsu, Precise Biometrics Secunet Security Networks, Stanley Black & Decker, Aware Inc., and Cognitec Systems amongst others.