|Video Analytics Market 2022 Competitive Analysis And Forecast To 2030 With Massive Cagr Development|
The global video analytics market size is expected to reach USD 9.4 billion by 2025, according to a new study by Grand View Research, Inc., registering a 22.8% CAGR over the forecast period. Increasing demand for intelligent security surveillance systems, which can be used for estimating key trends and deriving patterns, is the key factor driving the market growth. In addition, increasing concerns over public safety and the use of video analytics in criminal investigations are positively impacting demand for video analytics solutions.
Apart from surveillance, video analytics solutions have also found increasing applications in the retail sector for estimating average footfall, gender bifurcation, display effectiveness, and attractiveness of shelf space. Furthermore, superstores and mega marts have started implementing these systems to gain insight into consumer behavior.
The use of advanced algorithm technology in video analytics enables the examination of captured videos frame by frame, irrespective of light exposure, thereby making video analytics a reliable and efficient choice for ensuring security.
Furthermore, industries such as transportation, retail, and healthcare are witnessing a significant increase in the adoption of video analytics, owing to rising application of intrusion detection, license plate recognition, crowd management, and congestion detection in these industries.
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Video Analytics Type Outlook (Revenue, USD Million, 2014 – 2025)
Video Analytics Deployment Outlook (Revenue, USD Million, 2014 – 2025)
Video Analytics Application Outlook (Revenue, USD Million, 2014 – 2025)
· Crowd Management
· Facial Recognition
· Intrusion Detection
· License Plate Recognition
· Motion Detection
Video Analytics End-use Outlook (Revenue, USD Million, 2014 – 2025)
· Critical Infrastructur
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Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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