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China Video Analytics Market Size Analysis, Segmentation, Industry Outlook and Forecast 2019 - 2025

03-18-2020 11:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

China Video Analytics Market

China Video Analytics Market

China video analytics market is estimated to grow considerably at a CAGR of around 27.3% during the forecast period. China is one of the largest video analytics market across the globe. With the large installations of surveillance cameras and massive amounts of video data, the end users in China are eagerly seeking ways to interpret the large amounts of data they collect with (video content analytics) VCA. The video analytics software is mainly used by the police and traffic departments in China. The Chinese video analytics vendors are evolving towards the development of a full value chain ecosystem including collaboration from GPU (graphic computing unit) providers, software developers, vendors, and system integrators.

Get Sample Copy of China Video Analytics Market at: https://www.omrglobal.com/request-sample/china-video-analytics-market

The companies which are contributing to the growth of the China video analytics market include Bosch Security Systems, Inc., Canon Inc., IBM Corp., Cisco Systems, Inc., and Sony Corp.

Video analytics has high potential in China due to wide applications in the retail sector to increase business efficiency and improve customer experience. No-checkouts retail stores are one example where this kind of technology could be used. These stores allow customers to walk in, select products and walk out again, without them needing to stand in a checkout line. Payment is made automatically. Amazon launched a no-checkout store called, Amazon Go, in 2016.

For More Information, get A full report of China Video Analytics Market is available at: https://www.omrglobal.com/industry-reports/china-video-analytics-market

Facial-recognition video analytics software is becoming necessary and the authorities are using it in subway stations, on streets, at airports and at border crossings and so on. The aim of using video analytics software is to influence behavior and identify lawbreakers. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation

Video Analytics Market by Deployment Type

o Cloud-based
o On-Premises

Video Analytics Market by Application

o Banking, Financial Services, and Insurance (BFSI)
o Healthcare
o Retail
o Government & Defense
o Traffic Management
o Others (Surveillance)

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/china-video-analytics-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

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