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Video Analytics Market Worth 4.23 Billion USD by 2021


News provided by

MarketsandMarkets

28 Jun, 2016, 14:30 GMT

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PUNE, India, June 28, 2016 /PRNewswire/ --

According to a new market research report "Video Analytics Market by Type (Solutions & Services), by Applications (Perimeter Intrusion Detection, Pattern Recognition, Counting & Crowd Management, ALPR, Incident Detection and Others), by Deployment Type, by Vertical, by Region - Global Forecast to 2021", published by MarketsandMarkets, The market size is estimated to grow from USD 1.69 Billion in 2016 to USD 4.23 Billion by 2021, at an estimated CAGR of 20.2% from 2016 to 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 67 market data Tables and 51 Figures spread through 132 Pages and in-depth TOC on "Video Analytics Market"    

http://www.marketsandmarkets.com/Market-Reports/intelligent-video-analytics-market-778.html
Early buyers will receive 10% customization on this report.

The key forces driving the Video Analytics Market are raising security concerns and need for intelligent surveillance systems across the globe and increasing demand of video analytics for business intelligence is creating a huge demand for video analytics globally. With the increasing adoption of cloud-based Video Analytics Market is expected to gain traction.

Video analytics application for 'perimeter intrusion detection' to play a key role in the Video Analytics Market  

Perimeter intrusion detection application is expected to have the largest market share in the Video Analytics Market during the forecast period. The video analytics application for perimeter intrusion detection plays a key role and enables the camera and other surveillance appliances to intelligently detect the suspicious behavior and motion of a person or vehicle entering into the restricted premises or trespasser defined perimeter.

Defense and public safety vertical is expected to contribute maximum market share 

Among verticals, the defense and public safety vertical is expected to contribute the largest market share in the Video Analytics Market. The rising sophistication of threats and terrorist attacks has given rise to the concern of government to replace their conventional surveillance systems and deploy intelligent video analytics based surveillance systems. Moreover, the emerging economies undergoing huge transformation and development of various critical infrastructures such as nuclear plants, highways, and smart cities are the major factors bolstering the growth in the adoption of video analytics products and services.

North America is expected to contribute the largest market share, Latin America to grow the fastest 

North America is expected to hold the largest market share and dominate the Video Analytics Market from 2016 to 2021 due to the huge adoption of video surveillance systems and replacement of conventional video surveillance systems for enhancing the safety and security of critical assets in the U.S. APAC is expected to be the fastest-growing region in the global Video Analytics Market. The key reasons for the high growth rate in this region are the increasing adoption of new technologies such as cloud, analytics, and more, along with the development of large number of critical assets and commissioning of smart city projects in countries such as India, China, Singapore, and others.

The major vendors providing Video Analytics Market solutions and services are Avigilon Corporation (Vancouver, Canada), Axis Communication (Lund, Sweden), Cisco Systems (San Jose, California, U.S.); Honeywell International Inc. (New Jersey, U.S.), IBM Corporation (Armonk, New York, U.S.), Agent Video Intelligence (New York, U.S.), Aventura Technologies Inc. (New York, U.S.), Genetec Inc. (Montreal, Canada), and others.

Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=778

Browse Related Report
Predictive Analytics Market by Business Function, Applications (Risk Management, Operations Management, Sales Management, Supply Chain Management, Workforce Management), Organization Size, Deployment Model, Vertical, & by Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/predictive-analytics-market-1181.html

Business Analytics Market by Software (Query, Reporting, and Analysis Tools, Content Analytics, Data Warehousing Platform. and Others), by Deployment Type, by End User, by Vertical, and by Geography - Global Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/business-analytics-market-197977579.html

About MarketsandMarkets:

MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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