Outlook on the Video Analytics Global Market to 2026 - by Component, Deployment Type, Application, Architecture Type, Organization Type, End-user and Region
DUBLIN, May 6, 2021 /PRNewswire/ -- The "Video Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global video analytics market exhibited growth during 2015-2020. Video analytics refers to the computerized monitoring, processing and analysis of video streams in real-time to recognize spatial events. It usually involves software applications, multiple cameras and artificial intelligence (AI)-based programs that obtain insights about attributes, events and human behavioral patterns through videos. These insights are used for surveillance, motion and intrusion detection, generating heat maps and observing traffic patterns on social media platforms. They are also used for dynamic blurring, 2D and 3D counting, facial recognition and license plate reading. As a result, video analytics finds extensive applications across various industries, such as banking, financial services and insurance (BFSI), retail, critical infrastructure, traffic management, and transportation & logistics.
Additionally, various technological advancements, such as the utilization of the Internet of Things (IoT), AI and machine learning (ML) systems, are acting as other growth-inducing factors. Video analytics processes the data using algorithms for accurate, reliable and critical insights and enables the organizations to make prompt and accurate decisions. This is creating a positive outlook for the market further. Looking forward, the publisher expects the global video analytics market to grow at a CAGR of 22% during 2021-2026.
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The report has also analysed the competitive landscape of the market with some of the key players being Agent Video Intelligence Ltd., AllGoVision Technologies Pvt. Ltd., Aventura Technologies, Inc., Avigilon Corporation (Motorola Solutions), Axis Communications AB (Canon Inc.), Cisco Systems Inc., Gorilla Technology Inc. (Gorilla Science & Technology Holding, Inc.), Honeywell International Inc., IBM, IntelliVision Technologies Corp. (Nortek Security & Control LLC), Intelligent Security Systems Corporation, KiwiSecurity Software GmbH, PureTech Systems Inc. (FLIR Systems), Qognify Inc. and Verint Systems Inc.
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SOURCE Research and Markets