Modern cloud based security systems and surveillance solutions have come a long way. While some companies continue to rely on the older technology they are accustomed to, traditional systems are continually being phased out in favor of the flexibility offered by cloud-based solutions. Cloud-based systems have a myriad of advantages over older, on-premises security systems, and there is rarely an instance where an on-premises system is preferred over a cloud-based framework when installing a new setup.
Source: securitymagazine.com