IoT Solutions Provider Dahua Technology Discusses Market Trends And Advancements At Press Lunch Held In Madrid

Dahua Technology, a video-centric smart IoT solutions and service provider, held a press lunch at La Gradona Grupo Puerto Madero, Madrid, as a part of the Dahua Technology Partner Day. Hosted by Mr. Jiaqi Gao, Marketing Director of Overseas Business at Dahua Technology, and attended by 9 distinguished media entities from both inside and outside the security industry including Seguritecnia, Peldaño, Globb TV, Innovadores, and Digital Security Magazine, the press lunch provided a good opportunity to share the latest market trend and technological advancement in the industry.

Mr. Jiaqi Gao made a speech before lunch, during which he explained the development trend of the modern security industry, and presented Dahua Technology’s advantages in this time. According to a report by MarketsandMarkets, the IoT in smart cities market is projected to grow from USD 79.5 billion in 2018 to USD 219.6 billion by 2023 at a Compound Annual Growth Rate (CAGR) of 22.5% from 2018 to 2023. It requires tight integration and collaboration of chip supplier, device manufacturer, application developer, cloud computing, big data technology etc.

Video-centric IoT solution

Dahua Technology aims to create richer smart solutions to satisfy more customers’ needs

With the development from a device oriented to an application/solution oriented industry, understanding the business challenges, tailoring the solutions to address these challenges and monetizing its data, have become essential parts of the value chain, thus, an open system and collaboration between different players in the value chain are a must. "Dahua Technology, as a video-centric smart IoT solution and service provider, has multi-dimensional data collection technologies, know-how and expertise in monetizing and utilizing video centric data, and continuously strong R&D capabilities,” said Mr. Gao.

By actively participating in the formulation of agreements on industry standards like ONVIF, exploring hardware ecosystem by joining OSSA, and opening up its own hardware platform such as DHOP, Dahua Technology is slowly but steadily building the open technology structure. It introduced DIPP (Dahua Integration Partner Program) protection scheme in 2017 in order to ensure that its partners receive corresponding technological benefits and commercial profit. By doing so, Dahua Technology aims to create richer and more improved smart solutions to satisfy more customers’ needs, as well as to grow and achieve mutually with its partners in this ever growing industry.