The Infinium Global Research analyzes the Video Analytics Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global video analytics market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of video analytics. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the video analytics market during the period.
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The global video analytics market is predicted to gain impetus from the strong demand for actionable insights obtained from the ever-increasing data pool of enterprises. The need to increase public safety infrastructure supported by investments in forthcoming technologies by governments could draw limelight in the global video analytics market. Conversely, the high cost of investment on the part of supporting hardware and problems associated with storage and bandwidth are anticipated to hold back the growth of the global video analytics market.
Further, reliability issues, false alarms, and problems related to isolated and remote locations could be other factors hampering the rise of demand in the global video analytics market. On the other hand, partnership with established players in the global video analytics market is predicted to ease the cost burden. Top-end software offering features such as intrusion management, traffic monitoring, facial recognition, and incident detection could bode well for the future of the global video analytics market.
In addition, the current concern over the spread of novel coronavirus is also expected to have a positive impact on the video analytics market. To address the upsurge of COVID-19, governments all over the world are developing stringent surveillance mechanisms to ensure that people in high-risk zones, or those instructed to be under strict home quarantine. Smartphone apps integrated with geotagging features have been rolled out by numerous governments to ensure adherence to social distancing. Health surveillance in the wake of this COVID-19 epidemic has essentially become a mic of technology and human intelligence.
North America Region is Expected to Hold the Largest Share in the Global Video Analytics Market
Among the geographies, North America region is expected to hold the largest share in the global video analytics market. Factor such as the need for surveillance and automated monitoring with regard to physical monitoring over CCTV cameras is expected to boost the video analytics market in the North America region. Moreover, the installation of video surveillance cameras has augmented significantly in North America post the 9/11 terrorist attack. As a result, the North American region could be poised for impressive growth in the global video analytics market at a striking pace. Furthermore, the Asia Pacific region is expected to witness high growth during the forecast period. India is predicted to experience the benefits of using video analytics particularly in the transportation sector where the security of railways and railway passengers is a major concern.
Video Analytics Market: Segmentation
The report on the global video analytics market covers segments such as type, application, deployment mode, and verticals. On the basis of type, the sub-markets include software, and services. On the basis of application, the sub-markets include intrusion management, incident detection, people/crowd counting, and traffic monitoring. On the basis of deployment mode, the sub-markets include on-premises, and cloud. On the basis of verticals, the sub-markets include BFSI, city surveillance, critical infrastructure, hospitality and entertainment, education, retail and consumer goods, traffic management, and others.
Video Analytics Market: Competitive Landscape
The report provides profiles of the companies in the market such as Aventura Technologies Inc, Genetec Inc, IntelliVision, intuVision Inc, PureTech Systems, Cisco Systems, Honeywell International Inc, IBM, Axis Communications, and Avigilon.
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