November 18, 2019 by Jason Lee
Facto Market Insights has recently added a new study to its broad research portfolio, which is titled as “Video Analytics Market” provides an in-depth analysis of the video analytics market with the forecast of market size and growth. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.
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Video analytics is the video content analysis to detect the anomalies, spatial & temporal occurrences, and automatically generate alarms or alerts to the concerned user. Several industry players such as IBM Corporation, Cisco Systems, Inc., and Verint Systems, Inc., offer solutions to cater to the need of video analysis for various user types, including small & medium enterprises (SMEs) and large enterprises. Video analytics automates the video surveillance process by delivering high-end benefits to the users with reduced cost and efficient service delivery. In the recent years, increase in demand for actionable insights from the video data has given rise to deployment by the end users from the public as well as the private sector.
Increase in demand for industrial automation drives the demand for video analytics across various industries such as banking, financial services, retail, airports, manufacturing, and others. In addition, demand for IP-based security systems and infrastructure, and rise in concern over safety and security to life as well as assets is expected to fuel the market growth during the forecast period. However, increase in number of false alarms during bad weather or poor lightning conditions and the high cost of initial installment are anticipated to hamper the market growth. Furthermore, rise in requirement of business intelligence and insights, and increase in need of edge-based analytics to recognize as well as profile applications are the major factors expected to provide opportunities for the market growth.
Significant players operating in the video analytics market are AllGoVision Technologies Pvt. Ltd, Aventura Technologies, Inc., Axis Communications AB, Cisco Systems, Inc., Honeywell International, Inc., IBM Corporation, Intellivision, PureTech Systems, Inc., Verint Systems, Inc., Quognify, and others.
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