The acquisition of Brivo by Eagle Eye Networks is yet another example of consolidation in the security industry. What makes this a unique case is that a cloud-based video provider is expanding into cloud-based access control. While we have seen acquisitions of providers of cloud-services, e.g. Kaba and Keyscan and Avigilon with RedCloud, this is a first.
The access control as a service (ACaaS) market is estimated to top $200 million in the Americas by the end of 2015. This equates to more than 350,000 existing doors of hosted, managed or hybrid doors in 2015. For video surveillance as a service (VSaaS), IHS estimated the global market will be worth more than $900 million in 2015.
For VSaaS, this acquisition will build upon Eagle Eye Network’s current stake in the VSaaS market, a market that IHS forecast’s to reach nearly $1.3 billion globally by 2017 and is currently receiving renewed interest from the video surveillance industry. However, the true value in the acquisition is unlikely to come from Eagle eyes ability to further penetrate the VSaaS market, rather in strengthening its ability to provide a more complete cloud based security offering.
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