Video analytics market size to increase by USD 16.86 billion: APAC will account for 41% of the market's growth during the forecast period - Technavio
NEW YORK, Dec. 7, 2023 /PRNewswire/ -- The Video Analytics Market by End-user, Deployment, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market growth registers an incremental growth of USD 16.86 billion during the forecast period, however, the growth momentum will decelerate at a CAGR of 22.54%. By region, the global video analytics market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. APAC will account for 41% of the market's growth during the forecast period. The rapid growth in the construction of residential and commercial buildings and the widespread availability of video analytics solutions in North America are driving the growth of the regional market.The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF Sample Report
The video analytics market report includes information on the key products and recent developments of leading vendors, including:
The market is driven by factors such as the enhanced decision-making capabilities of users, the rising demand for improved security arrangements, and the requirement for a reduced workforce and availability of filters. However, the shortage of skilled workers is hindering the market growth.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Request a Sample
Supply Chain Analytics Market by End-user, Deployment, and Geography - Forecast and Analysis 2023-2027: The supply chain analytics market is estimated to grow at a CAGR of 20.07% between 2022 and 2027. The size of the market is forecasted to increase by USD 10,121.6 million. The increased need to improve business processes is notably driving the market growth, although factors such as implementation challenges may impede the market growth.
IT Operation Analytics (ITOA) Market by Deployment and Geography - Forecast and Analysis 2022-2026: The IT operation analytics (ITOA) market share is expected to increase by USD 45.21 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 37.21%. The recent developments is notably driving the IT operation analytics (ITOA) market growth, although factors such as increasing complexities and dynamic nature of its architecture may impede the market growth.
What are the key data covered in this video analytics market report?
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