Konica Minolta announced the launch of FORXAI Video Security Solution (VSS), an offering that includes its FORXAI Video Security Solution for Intelligent Surveillance and point-of-entry solution FORXAI Video Security Solution for Secure Access. In support of this, Konica Minolta will build on its long-standing technology partnership with MOBOTIX in the U.S., strengthening the cooperation and support between the two companies. Joint logistic centers will support faster accessibility as well as a larger supply of high-end video technology solutions reaching locations in North, Central and South America.
The global VSS market is forecasted to be valued at $32.37 billion USD by 2025, according to NOVAIRA INSIGHTS. A CAGR of 15% is expected for intelligent edge analytics combined with cloud services, both core strengths of Konica Minolta and MOBOTIX. Businesses need smart security solutions to protect their assets, staff and operations, and customers are looking to leverage IoT features built into cameras to safeguard against potential threats and liabilities.
Konica Minolta’s FORXAI Video Security Solution provides an end-to-end offering that helps organizations analyze processes, situations and behavior through features like motion/PPE detection, facial recognition, object tracking and two-way alerting. The decentralized software-driven solution offers security systems that not only collect data, but also analyze and convert it into information for a greater degree of intelligence. Businesses can more effectively defuse highly dangerous situations and reduce liability with better video surveillance and real-time alerts.
“Having identified VSS as one of the key strategic pillars of focus to drive growth for Konica Minolta, we are extremely excited to expand our partnership with MOBOTIX in the U.S.,” said Vijay Raghavan, senior vice president, Digital Transformation and Emerging Businesses, Konica Minolta. “By taking advantage of MOBOTIX’s strong, secure system we are aligning ourselves with a best-in-class partner that will allow us to take video security to the next level and safeguard our clients across all verticals.”
“To understand the importance of this partnership, you have to move away from the concept of traditional video surveillance. In recent years, the needs of end-users have changed significantly. The new demand for video surveillance goes far beyond the concept of security. A smart solution by today’s standards should meet the highest cybersecurity and privacy standards, such as the US NDAA requirements, and provide end-users with a tangible return on investment,” said Thomas Lausten, CEO, MOBOTIX. “We focus on how video can meet customers’ requirements for video analysis. It’s no longer just about managing security, but managing and analyzing data, information and everything related to it as quickly as possible. In this way, we are moving successfully into the future with our strong partners, such as Konica Minolta.”
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