Video Content Analytics Market Overview:
The major growth driver of video content analytics market includes reducing reliance on physical security, growing security concerns, and demand of security products and adoption of network based video surveillance. Also, cost-performance of new edge-based video analytics DSP technologies and video analytics for business intelligence and retail sector are supporting the growth of video content analytics market.
Hence the market for Video Content Analytics Market is expected to grow above 24-25% CAGR (2015-2021). However, factors such as high system cost, privacy issues, and lack of awareness may challenge the growth of video content analytics market.
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Market Players:
Some of the most recognizable names in this industry can be listed as HikVision Digital, ADT Security, Bosch security system, Verint Systems, Avigilon Corporation and VCA Technology.
Industry News:
April 6, 2018 – BriefCam a leading market player recently launched a highly advanced & innovative video content analytics platform. It is devised from a peculiar fusion of computer vision and artificial intelligence (AI) technology and can be utilized as an essential asset.
Market Segmentation:
The research report offered Market Research Future comprises of an in-depth evaluation of all the aspects of this market. Amongst them, the segmental analysis happens to be crucial. Here are some of the important pointers from that section of the report.
By software – License plate recognition, detection and recognition.
By application – Transport & logistics, government and commercial.
By architecture – Edge and server. Out of the two, server based architecture happens to have an edge over the other segment. But edge based architecture is not very far behind and is expected to be the fastest-growing segment of the market. It will generate leads through higher sales of VCA software and embedded VCA IP cameras.
Comprehensive Regional Analysis:
The market for video content analytics has been successful in spreading its business across various sectors of the world. Some of the main regions where its presence can be predominantly observed can be listed as North America, Asia Pacific, Europe and Rest of the World.
According to the analysts at MRFR North America governs the market from the regional point of view. It accounts for approximately 37% of the market share. The next in line after North America is Asia Pacific, it is anticipated to be the fastest-growing region and it will generate a revenue of around 1 billion by the end of the forecast period. During the projection span, this market will grow at an encouraging CAGR. Lastly, the European market too will tread forward at an impressive CAGR of 20%.
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Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued….
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