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Video Analytics Global Market Report 2022: Government Initiatives to Enhance Public Safety Infrastructure Boosting SectorDUBLIN, Nov. 21, 2022 /PRNewswire/ -- The "Video Analytics Market by Component (Software and Services), Application (Incident Detection, Intrusion Management, Traffic Monitoring), Deployment Model (Cloud and On-Premises), Type, Vertical and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global video analytics market is projected to grow from USD 7.1 billion in 2022 to USD 20.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.4% during the forecast period. Most organizations across the globe have years of stored video footage, but very few have a way to mine these videos using predictive attributes. Finding patterns across many videos requires a lot of effort and is a nearly impossible when analyzing real-time videos manually. The emergence of video analytics handles all these tasks automatically, for both previously recorded videos and to gain real-time video data. Hence, organizations need to make smarter and faster decisions to obtain better insights from video footage. The increasing amount of unstructured data is expected to encourage the adoption of video analytics shortly. By Component, the services segment is expected to grow at a higher CAGR during the forecast period. The services segment is expected to grow at a higher growth rate during the forecast period. The segment has been broadly classified into professional and managed services. Services aim at training and developing expertise, providing timely upgrades to software solutions, and helping customers integrate these with other Information Technology (IT) solutions. The demand for services is growing rapidly due to the increasing need to provide enhanced customer services, ensure a better market reputation, and retain more customers. By Type, the server-based segment is expected to account for a larger market share. The server-based segment is expected to account for larger market size. The server-based implementation of video analytics systems involves IP cameras or encoders connected to the Ethernet or a server. In this approach, video analytics is embedded via a specific server that traces the video, analyzes it, and provides the output. Server-based video analytics provides more flexiblity, as one can choose any camera and save cost, which is expected to be a major driver for server-based video analytics. By vertical, the Transportation & Logistics segment is expected to grow at the highest CAGR during the forecast period. The Transportation & Logistics segment is expected to grow at the highest CAGR during the forecast period. The transportation & logistics vertical covers all modes of transit, including airports, maritime, subways, railways, and other types of public transport. The various features offered by video analytics, such as facial recognition, object tracking, unidentified object detection, cargo and train carriage recognition, and intelligent traffic monitoring, can help transportation & logistics companies prevent disasters and detect emerging threats. This may lead to infrastructure destruction or vehicle crashing, resulting in the loss of life. Market Dynamics Drivers
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The following key video analytics vendors are profiled in the report:
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview and Industry Trends 6 Video Analytics Market, by Component 7 Video Analytics Market, by Application 8 Video Analytics Market, by Deployment Model 9 Video Analytics Market, by Type 10 Video Analytics Market, by Vertical 11 Video Analytics Market, by Region 12 Competitive Landscape 13 Company Profiles 14 Adjacent Markets 15 Appendix For more information about this report visit https://www.researchandmarkets.com/r/kmb1pb Media Contact: Research and Markets For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1904 Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/video-analytics-global-market-report-2022-government-initiatives-to-enhance-public-safety-infrastructure-boosting-sector-301683880.html SOURCE Research and Markets |