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AI in Video Analytics Market -
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Also, the application of AI in video analytics solutions is not only limited to surveillance as it also helps in improving marketing effectiveness, store operation, building layout design, traffic patterns, and other activities. AI in video analytics involves three type of configurations: edge-based, server-based, and hybrid systems. In the edge-based configuration, cameras are provided with inbuilt analytics solutions for auto tracking and face detection. In the server-based configuration, the solution is deployed on the central server, thereby helping in complex processing. The hybrid system involves both the edge-based system and the server based-system, thereby substantially reducing the overload of network and servers.
The global AI in video analytics market is driven by a rise in demand among enterprises for actionable insights from video data and increase in investments by governments in emerging technologies and public infrastructure to enhance public safety. Some of the major restraints hampering the market include high amount of investments involved during the installation of legacy products and privacy issues associated with the solutions. Also growing deployments, investments and shift towards the IP based cameras is playing an important role in the AI in video analytics market.
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The global AI in video analytics market can be segmented based on component, integration, end-use industry, application, enterprise size, and region. In terms of component, the market can be categorized into software and services. The services segment can further be bifurcated into professional and managed services. Professional services include integration & implementation services, consulting, and training & support services. Based on integration, the global AI in video analytics market can be classified into edge-based solutions, server-based solutions, and hybrid solutions.
In terms of software, the global AI in video analytics market can be classified into on premise and cloud-based. Based on enterprise size, the market can be categorized into large enterprises and small and medium enterprises. In terms of application, the global AI in video analytics market can be categorized into home security, enterprise and commercial security, urban and public monitoring, transportation, airports and ports, maritime, and government institutions. Based on end-use industry, the global AI in video analytics market can be segmented into BFSI, media and entertainment, hospitality, military and defense, retail, transportation, government, and many more
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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