The latest market intelligence study on Video Analytics relies on the statistics derived from both primary and secondary research to present insights pertaining to the forecasting model, opportunities, and competitive landscape of Video Analytics market for the forecast period.
According to Publisher, the Global Video Analytics Market is accounted for $2.95 billion in 2017 and is expected to reach $15.26 billion by 2026 growing at a CAGR of 20.0%. Some of the key factors influencing the market growth include falling prices of video surveillance equipment, growing inclination toward advanced technologies, rise in smart cities expenditure by governments and growing application of video analytics for reducing crime rates. However, privacy issues and high investments in legacy installations are restricting the market growth.
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The Major Market Player Included in This Report are: IBM, Honeywell, Cisco Systems, Gorilla Technology, Axis Communications, Aventura, Puretech Systems, 3VR, Intelligent Security Systems, Allgovision, Intuvision, Digital Barriers, Delopt, Agent VI, Briefcam, Qognify, Kiwisecurity, Ipsotek, Verint and Iomniscient.
Analytics have enabled the users to influence specific data insights into actionable intelligence for a variety of functions. The analytic programs also support analog, IP and megapixel cameras, and can be integrated within the hardware components. The addition reduces the need for extra hardware, thus making the implementation cost-effective. It enables the industries to detect the anomalies involuntarily and track the system on a real-time basis. Video analytics provides object identification, facial recognition, object detection, and perimeter intrusion detection.
Scope of the Report:
The research on the Video Analytics market concentrates on extracting valuable data on swelling investment pockets, significant growth opportunities, and major market vendors to help understand business owners what their competitors are doing best to stay ahead in the competition. The research also segments the Video Analytics market on the basis of end-user, product type, application, and demography for the forecast period 2020–2026. Detailed analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, which include charts, tables, and info graphics.
For more clarity on the real potential of the Video Analytics market for the forecast period 2020–2026, the study provides vital intelligence on major opportunities, threats, and challenges posed by the industry. Additionally, a strong emphasis is laid on the weaknesses and strengths of a few prominent players operating in the same market. Quantitative assessment of the recent momentum brought about by events such as collaborations, acquisition and mergers, product launches and technology innovation empower product owners, as well as marketing professionals and business analysts make a profitable decision to reduce cost and increase their customer base.
Geographically, this report focuses on product sales, value, market share, and growth opportunity in key regions such as United States, Europe, China, Japan, Southeast Asia, and India.
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The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2020–2026? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Video Analytics market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Video Analytics market?
- What are the prominent markets trends influencing the development of the Video Analytics market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Video Analytics market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
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