Video Analytics Market Growth Trends and Forecast 2015 - 2023

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Video Analytics Market Outlook 2023: Top Companies, Trends and Future Prospects Details for Business Development By Zaraki Kenpachi - August 10, 2021

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The global video analytics market is eminently competitive and highly fragmented due to the presence of many global leaders and small scale leaders, says an approaching Transparency Market Research (TMR) report. Some of the global players in the market include Vigilon Corp, VCA Technology Ltd., Genetec Inc., IntelliVision, United Technologies Corp. These players are focusing on providing innovative product line at a better price. They are also adopting new strategies such as mergers and acquisitions, and collaborations to capture the competitive edge in the global video analytics market. Increasing concern over security at commercial places is likely to boost the global video analytics market during the forecast period. The global video analytics market is projected to grow at a grand rate of CAGR 20.60% over a period 2015 and 2023. The global video analytics market was estimated at US$ 1.7 bn and it is anticipated to be valued at US$ 9.15 bn by the end of 2023. In terms of geography, the global video analytics market is expected to be the dominant region during the forecast period. The growth can be attributed to growing investment of research and development activities and presence of several players in the region. Asia Pacific is also expected to emerge a strong region in the upcoming years. The growth in the Asia Pacific region is due to increasing support and contribution from India, China, Australia, and South Korea. On the basis op application the global video analytics market is segmented into people recognition, video indexing, license plate recognition, incident detection, object recognition, and others. Of these, the global video analytics market is predicted to be dominated by the people recognition application segment. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?

flag=S&rep_id=690 Public Security to Bolster Growth in Global Video Analytics Market With rising population in urban sector, the movement of number of people at public places is ever increasing. To keep a track of movement of people and avoid any untoward incidences at public spaces such as schools, offices, colleges, bus stands, and railway stations, etc., is expected to bolster the demand for video analytic tools. Video analytics tools have an enormous capacity to count the number of people moving in such places. Hence, the global video analytics market is expected to expand at an impressive rate in the upcoming years. Moreover, sectors such as hospitals, airports, defence and military bases, amusement parks are also expected increase the demand for video analytics. It is mainly due to avoid terrorists’ activities and hijack and provide safe and secure environment in the each country across the globe. Thus, the global video analytical market is projected to expand at a substantial rate. Technological Progression to Promote Global Video Analytics Market Growing concern over pubic safety and government’s expenditure on research and development activities are projected to increase the demand for video analytics. Additionally, technologically advanced features as compared to manual surveillance and growing importance of advanced video surveillance at all public places are gaining traction across the globe. Hence, the global video analytics market is anticipated to grow at a grand way in the upcoming years. High installation cost and people seeking privacy are projected to hamper the growth in the global video analytics market. Irrespective of the constraints, the global video analytics is expected to surge due to ever growing technological advancements and increasing demand for video surveillance. This review is based upon the TMR report titled, “Video Analytics Market (Application – Video Indexing, People Recognition, License Plate Recognition, Object Recognition, Incident Detection, and Others; Enduse Industry – Residential, Commercial and Industrial, Urban Security and Public Safety, Healthcare, Defense and Border Security, Transportation and Logistics, Retail, and Others)) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

The global video analytics market is segmented into: Applications Video Indexing People Recognition Object Recognition Incident Detection Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=690&ltype=S End User Residential Commercial and Industrial Urban Security Public Safety Healthcare Defense & Border Security Transportation and Logistics Retail About Us Transparency Market Research is a nextgeneration market intelligence provider, offering factbased solutions to business leaders, consultants, and strategy professionals. Our reports are singlepoint solutions for businesses to grow, evolve, and mature. Our realtime data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect

combination of right sense of factoriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clientsspecific problems with right methodology of research is the key to help enterprises reach right decision. Contact Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY – 12207 United States USA – Canada Toll Free: 8665523453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com

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Zaraki Kenpachi