ISS (Intelligent Security Systems), global provider of video intelligence and data awareness solutions, announced that it has entered into a partnership with Convergint, provider of service-based systems integration services. As part of the agreement, ISS and Convergint will provide end users across a wide variety of different vertical markets with AI-powered video intelligence solutions to help improve and streamline security, safety and business operations throughout their respective organizations.
According to Fortune Business Insights, the global market for video analytics was valued an estimated $6.86 billion in 2022 and is expected to increase exponentially over the next several years, eventually surpassing $37 billion by 2030. As the amount of video data generated, stored and analyzed within organizations continues to rise, analytics have quickly become an absolute necessity for companies that want to automate security and business operations processes.