Video Analytics Market Latest Trends, Industry Growth And Forecast To 2025: Grand View Research Inc.Posted by Sona Kulkarni on December 12th, 2023 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. To request a sample copy or view summary of this report, click the link below: Further key findings from the study suggest:
Access Press Release@ https://www.grandviewresearch.com/press-release/global-video-analytics-market Grand View Research has segmented the global video analytics market based on type, deployment, application, end use, and region. 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)
Video Analytics End-use Outlook (Revenue, USD Million, 2014 - 2025)
Video Analytics Regional Outlook (Revenue, USD Million, 2014 - 2025)
About Grand View Research Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author
|