Video Analytics Market By Making In-Depth Analysis Of Market Segments 2015 - 2023

 

Advancements in Digital Ecosystems Pivot Expansion of Video Analytics Market

Video analytics technologies are widely used as part of security solutions for providing security to critical infrastructures. Advancements in fixed algorithm analytics, Facial recognition systems, and more generally digital ecosystems are propelling the prospects of the video analytics market. More recently, adoption of machine learning technologies and other artificial intelligence (AI) tools have opened rooms to new revenue streams. The rise in installations for surveillance cameras or CCTVs in critical infrastructures notably healthcare industry and defense and border security are fueling the growth of the video analytics market.

Some of the emerging applications that have boosted revenue prospects of the video analytics market are crime investigation and law enforcement, resource allocation and management, and manufacturing.

The global video analytics market is projected to advance at CAGR of 20.6% during the forecast period between 2015 and 2023. The valuation is projected to touch the mark of US$ 9.15 bn by 2023-end. The global worth of the market was pegged at US$ 1.7 bn in 2014.

Grab an Exclusive PDF Sample of this Report @

 https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=690

 

The report segments the video analytics market based on application, end-use industry, and region.

There is substantial demand for video analytics technologies and adoption of products in various applications. Key end-use industries comprise urban security and public safety, residential, commercial and industrial, healthcare, transportation and logistics, retail, and defense and border security.

The products in the video analytics market are used in object recognition, post-event analysis, people recognition, wide spectrum imagery, video indexing, and safety alerts. The others include traffic monitoring, license plate recognition, incident detection, and cross-camera tracking. Of these, people recognition application segment contributed a major share of revenues accounting for 30% to the global video analytics market in 2014.

The remarkable growth of the segment is highlighted in its projected CAGR of 20.0% during the forecast period. The use of video analytics technologies is gaining popularity in object and motion detection, and people counting and loitering. They are becoming effective in tracking the movement of people in airport security exits, parking lots, and other such areas that need continuous monitoring for security and law enforcement. The growing application is fueling revenue generation for players in the video analytics market.

Get More Press Releases by TMR: https://www.prnewswire.com/news-releases/manufacturing-operations-management-mom-software-market-valuation-to-cross-us-17-2-bn-by-2027--finds-tmr-study-301394220.html


Commercial Spaces to Witness Vast Application

Some of the key end-use industries are commercial and industrial, residential, healthcare, urban security and public safety, retail, transportation and logistics, and defense and border security. The others mainly include education, hospitality, and entertainment. Of all, commercial and industrial application held the leading share of the global video analytics market in 2014 amounting to one-fourth. However, the retail end-use industry emerged as the lucrative segment in recent years. Overall, the CAGR will be promising for the segment.

The growing security concerns in industrial and commercial facilities is one of the key accelerant for growth of the video analytics market. The demand for cutting-edge video analytics software and the products are used in residential centers and multinational companies will set the tone for innovation in the next few years.

Buy now our premium research report @

https://www.transparencymarketresearch.com/checkout.php?rep_id=690&ltype=S

North America Held Major Market Share

Some of the key regions generating revenues to the global video analytics market are Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa (MEA). Of these, North America held the major share of the global market in 2014. The regional market is projected to retain its lead during the forecast period. Massive technological advancements in algorithms and extensive R&D are expected to propel the revenue prospects of the regional market during the forecast period. On the other hand, Asia Pacific video analytics market is projected to expand at promising pace during the forecast period. Lucrative countries in this regional market are Australia, India, Japan, South Korea, and China.

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

Contact

Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/


Comments

Post a Comment

Popular posts from this blog

Conferencing Microphone System Market Share, Segmentation, Trend, and Forecast To 2021-2031

Image
  Conferencing Microphone System: Introduction A conference system is a collection of audio hardware developed for easy interaction between people taking part in various events, irrespective of the room size. A conference system is also known as a discussion system. Conferencing microphones are wired or wireless gadgets that transfer audio from one or various speakers to an audio system. A conferencing microphone uses different transmission technologies. In wired conference, the microphone uses a cable for the transmission of the signal for communication tasks. It is cheaper and more reliable. In wireless conferences, the microphone uses Wi-Fi or infrared technologies for communication tasks, giving it freedom of movement and avoiding cable issues. Lapel microphones are hands-free & wireless and are fixed to the speaker’s dress, collar, or suit. These microphones must be secured to the correct place on the body for high-quality audio transmission. Conferencing microphone system...
Read more

Last Mile Delivery Transportation Market Clear Understanding Of The Competitive Landscape And Key Product Segments 2021-2031

Image
  Last Mile Delivery Transportation Market Outlook 2031 The  global   last mile delivery transportation market   was valued at   US$  150.39  Bn in  2020 It is estimated to expand at a CAGR of  10.31%  from 2021 to 2031 The  global   last mile delivery transportation market  is   expected to reach the value of US$  477.27  Bn   by the end of  2031 Analysts’ Viewpoint on Last Mile Delivery Transportation Market Scenario “Technological advancements and the booming eCommerce sector will remain the leading factors that will propel the market during the forecast period. In addition, advancements in robotics and projected adoption of semi-autonomous and autonomous delivery vehicles will play an imperative role in redefining last mile delivery transportation in the upcoming years. In order to overcome challenges in the execution of delivery models, companies should increase R&D in leading-edge informa...
Read more

Corrugated Boxes Market Top Companies, Trends and Future Prospects Details for Business Development 2016 - 2024

  Multi Depth Corrugated Boxes Market: Overview Multi depth corrugated boxes are similar to that of conventional corrugated boxes, with an added ability of being used for multiple size applications. These boxes are extensively used in packaging of various goods such as foods, beverages, cosmetics, pharmaceuticals, hazardous chemicals and other materials. In recent years, the demand for multi depth corrugated boxes has increased significantly. This can be attributed to immense size flexibility offered by these boxes coupled with the characteristics of corrugated boxes.  These boxes gives the buyer the leverage to use it for various size requirements, thus reducing inventory and optimizing cost management. Multi depth corrugated boxes have high durability and are light weight coupled with offering significant cost benefits to the buyer. Thus, multi depth corrugated boxes are being increasingly used in secondary packaging of goods, across a variegated range of industries. The glo...
Read more