Video Analytics Market By Forecasting The High Growth 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.

Get report details:
https://www.transparencymarketresearch.com/video-analytics-market.html

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

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/

This release was published on openPR.