[June 27, 2017] |
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Top 3 Emerging Trends Impacting the Global Infrared Imaging Software Market From 2017-2021: Technavio
Technavio's latest report on the global
infrared imaging software market provides an analysis of
the most important trends expected to impact the market outlook from
2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.
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Technavio has published a new report on the global infrared imaging software market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global
infrared imaging software market for 2017-2021 provides a
detailed industry analysis based on the application (surveillance,
security, automation maintenance, and automotive), end-user (government
and commercial), and geography (the Americas, EMEA, and APAC).
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Infrared imaging software is used for analyzing and managing
infrared images captured by thermal cameras. It helps in better
decision making for surveillance and maintenance applications.
Technavio analysts forecast the global infrared imaging software
market to grow to USD 1340.6 million by 2021, at a CAGR of nearly
12% over the forecast period.
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The top three emerging trends driving the global infrared imaging
software market according to Technavio ICT
research analysts are:
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Infrared imaging in mobile phones
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Adoption of cloud-based services
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High adoption in non-traditional sectors
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Infrared imaging in mobile phones
"The advances in technology have led to the development of thermal
imaging cameras that can work with mobile phones with Android (News - Alert) and iOS
support. Camera vendors such as FLIR systems use uncooled
technology-based infrared cameras for this purpose," says Amrita
Choudhury, a lead analyst at Technavio for enterprise
application research.
An uncooled technology-based infrared camera is gaining more acceptance
as they are more affordable when compared to the cooled technology-based
infrared camera. Uncooled infrared image sensors are smaller and built
with fewer moving parts. Consumer electronics is the fastest-growing
application for the uncooled infrared technology, thereby driving the
market growth.
Adoption of cloud-based services
Large private enterprises and various government organizations are
rapidly integrating cloud-based services that provide a centralized,
searchable repository of historical data. Cloud-based services can be
accessed by users across the globe without time and location
constraints. They ensure lower cost of ownership along with the improved
management of the complexities involved with huge data volumes.
Enterprises are looking for cost-effective and efficient management of
the huge amount of data collected from video surveillance. Cloud-based
services are being increasingly adopted for this purpose. It also
provides the added benefit of ensuring scalability on demand without
added costs for businesses.
High adoption in non-traditional sectors
Traditionally, infrared and thermal imaging systems were meant for the
military sector. However, the infrared technology got heavily
commercialized in numerous other sectors due to the technological
evolutions. The appearance of integrated solutions such as smartphones,
automotive, and closed-circuit television cameras is expected to boost
the market.
"The adoption of infrared imaging systems in the healthcare sector
to diagnose and analyze humans and animals are gaining high acceptance
due to their high accuracy. Infrared imaging systems are also being
adopted for residential security systems to trigger alarms in case of
unidentified movements," says Amrita.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.
If you are interested in more information, please contact our media team
at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20170627006302/en/
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