SIMPPLE Ltd. Launches New Product “SIMPPLE Vision”, an end-to-end Vision-as-a-Service (VaaS) video content analytics, and Secures Paid Pilot with a national healthcare institution in Singapore

Core Insights - SIMPPLE Ltd. has launched a new A.I. video analytics platform named SIMPPLE Vision, aimed at enhancing facility management through real-time insights and automated workforce management capabilities [1][2][5] - The platform utilizes existing camera networks to provide analytics and notifications, reducing hardware upgrade costs and reliance on manual monitoring [2][3] - SIMPPLE Vision can be deployed in various sectors, including healthcare, aviation, and education, offering both on-premises and cloud solutions to meet user requirements [3][4] Company Developments - SIMPPLE has secured a contract with a major public healthcare institution in Singapore to implement its SIMPPLE Vision platform, which aims to improve operational efficiency and customer satisfaction [4][5] - The company has established a strong presence in the Singapore facilities management market, serving over 60 clients and expanding into Australia and the Middle East [6] Industry Trends - The global video analytics market is projected to reach $44.7 billion by 2031, with a compound annual growth rate (CAGR) of 22.3% from 2024 to 2031, driven by security enhancements and AI integration [5]