Video Content Analytics Market 2017 Research In-Depth Analysis, Applications, Forecasts To 2025
With a vital role to play in the improvement of business intelligence and warranting public safety, the premium technology that is making a mark in the video content analytics (VCA) market is commonly adopted today. The intensifying application of the VCA technology in various domains could lay a robust foundation for a lasting progress of the global market. The most crucial application of VCA is the utilization of real time analysis for the conversion of simple data into actionable insights.
As per different categories such as application, software, and architecture, the global VCA market can be critically segmented to help the interested parties comprehend the overall progress of the market and make informed decisions.
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The report further helps to analyze the VCA market based on geography by presenting the forecast and historic revenue figures of different regions and their countries. The analysts have drawn a clear competitive landscape of the market by extensively studying the core competencies and strategically profiling the key players in the industry.
Global Video Content Analytics Market: Trends and Opportunities
Amongst the popular growth drivers, the international VCA market is predicted to count its advancement on the aggressive adoption of network based video surveillance. The global market is also anticipated to take advantage of the rising demand for security products. Besides this, there is an elevating concern about security not only in the residential but also commercial sectors. Companies prevailing in the industry are expected to leverage the opportunities birthed from such growing concerns. Physical security has not been able to largely impress its consumers, owing to which they have lost confidence and reduced their reliance on it.
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The VCA technology, on the other hand, has become immensely popular by improving its adoption significantly and more importantly, at a decent pace. The VCA systems have been proven to be highly effective in increasing the value of operations, safety, and security when integrated with different software such as detection or recognition software. This has tremendously driven the global VCA market with extensive implementation in sensitive areas such as intrusion detection, motion detection, traffic management, and facial detection.
More opportunities are expected to arise from sectors such as retail and business intelligence, which require video analytics. Moreover, the network and IP video surveillance cameras are being made available in the market at declining prices. This is also deemed to considerably contribute toward the growth of the world VCA market.
Global Video Content Analytics Market: Geographical Evaluation
The North America region is anticipated to take the lead in the world VCA market in terms of share for the forecast period 2017–2025. The analysts foresee the region to rise at a healthy CAGR. The Europe market could register a double-digit CAGR during the course of the forecast period. Asia Pacific is also predicted to advance at a towering CAGR on the back of a faster growth propelled from a large population base and several infrastructure projects. The major geographies listed under this region are India, China, Japan, South Korea, and Rest of Asia Pacific. The global market is foretold to stretch its expanse also in the Middle East and Africa region.
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Global Video Content Analytics Market: Competitive Scenario
Out of the key players existing in the international VCA market, Cisco (U.S.), ADT security (U.S.), HikVision Digital (China), Avigilon corporation (U.S,), Verint Systems (U.S.), Mobotix (Germany), VCA Technology (U.K.), Bosch security system (Germany), and Allgo Vision (India) are envisaged to make their presence known. The competitive scenario of the global market is extensively studied in the publication so as to help businesses analyze the strategies, mergers and acquisitions, and other important aspects of the top players in the industry.
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