Global Video Analytics Market – Overview
Global Video Analytics Market to reach a market size of $10.7 billion by 2022. Video analytics software also came into accessibility to overview videos also identify important incidents from the surroundings. The also difficult task of watching videos is made simple and easy with video analytics software and as a result highly effective out can be expected from the same. Video analytics creates the surveillance system more efficient, eliminates workload on security and management staff, and helps in capturing the total value of security video by creating the IP camera system much more intelligent. Video analytics software for security cameras is available in so many forms, namely installed on camera, on NVR, or as 3rd party software. Each and every type of video analytics solution works in a different manner, it depends on the manufacturer and the application itself. However, it is possible to set up the application to certain parameters just like to the activity the software is looking for, established the alert notification system, and raise alarms when criteria are met.
Global Video Analytics Market – Segmentation
Based on Component, the Global Video Analytics market is segmented into Software and Services. Services are also divided into Professional and Managed. Based on Application, the Global Video Analytics market is segmented into Intrusion Management, Incident Detection, Traffic Monitoring, People/Crowd Counting, Facial Identification, Automated Number Plate Recognition, along with Application. According to Deployment Type, the Global Video Analytics market is segmented into On-Demand and On-Premise. The verticals associated with the report are Transportation, Traffic Management, Critical Infrastructure Protection, Border Security, Hospitality & Entertainment, City Surveillance, BFSI, Retail, and Others.