Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=66291607
Browse in-depth TOC on "Video as a Sensor Market"
266 – Tables
87 – Figures
342 – Pages
Video as a Sensor Market Report Scope:
Report Coverage |
Details |
Market Revenue in 2024 |
$ 69.52 billion |
Estimated Value by 2029 |
$ 101.89 billion |
Growth Rate |
Poised to grow at a CAGR of 7.9% |
Market Size Available for |
2020–2029 |
Forecast Period |
2024–2029 |
Forecast Units |
Value (USD Million/Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
By Offering, Product Type, Application, End-user, and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge |
Complexities associated with data management and storage |
Key Market Opportunities |
Proliferation of smart city initiatives |
Key Market Drivers |
Rising investment in video surveillance and security infrastructure |
The Software segment to grow at a significant CAGR during the forecast period.
Software video as sensor solutions is likely to grow at a high CAGR in the forecast period because they play an important role in improving video surveillance and machine vision system functionality and effectiveness. It includes video as a sensor software application such as Video Management Software (VMS), Intelligent Video Analytics Software, Al and Machine Learning Algorithms, and Integration Software. Need for management, monitoring, and analytics of video surveillance to drive VMS growth, while adoption for the detection of real-time threats through Al and computer vision will propel the development of intelligent video analytics software and adoption for object detection & recognition and predictive analytics are expected to propel the growth of Al and ML algorithms. Integration software primarily uses interactivity among different hardware components, such as cameras, sensors, and other software systems.
Hyperspectral Imaging segment to grow at a significant CAGR between 2024 and 2029.
Hyperspectral imaging is an imaging technology that captures and processes images at hundreds of different wavelength intervals within the electromagnetic spectrum. Most cameras capture images in only three spectral bands: red, green, and blue. Hyperspectral imaging systems acquire images over hundreds, or sometimes thousands, of contiguous spectral bands that provide detailed spectral information for every pixel in the image. Its applications include environmental monitoring, agriculture, mineralogy, remote sensing, medical imaging, and material inspection. They provide spectra of the details imaged and help carry out high-level analysis and material characterization for valuable information and scientific discoveries in industry and research. Companies providing hyperspectral imaging solutions include Specim and Spectral Imaging Ltd. (Finland) and Corning Incorporated (US).
The government segment to grow at a significant CAGR during the forecast period.
The video-as-a-sensor government end-user market plays a key role in improving public safety, offering operational efficiency, and supporting various administrative functions. Governments utilize video as sensor technologies across many applications, such as public surveillance, traffic management, and emergency response. Such systems offer the advantages of real-time monitoring and data gathering. Also, this information can be utilized for decision-making and policy formulation. Some of the government's primary applications of video as a sensor technology include public safety. Government agencies install video sensor solutions in cities and urban parks and critical infrastructural areas to monitor crime and enhance security. For example, towns like London have installed several networked CCTV facilities that are not only helpful in preventing a crime but also aid police investigating officers in conducting successful investigations through forensic evidence.
Traffic Management application segment to grow at a significant CAGR during the forecast period.
The major application of video as sensor technology is in the traffic management field, which focuses on optimizing transportation systems and affording safe road transportation systems. Advanced video surveillance and analytics solutions are important to integrate into more efficient practices for traffic monitoring, control, and management in urban environments with increasing populations and significant issues regarding traffic congestion. Modern traffic management systems are equipped with web interfaces or mobile applications to access video feeds and analytics from a distance so that operators can handle traffic conditions from anywhere. Companies have come up with video as a sensor system for traffic management. For example, Teledyne Technologies Incorporated provides advanced software solutions, and among these is the offering of very advanced traffic software for effective and efficient traffic management and control. Command-and-control software is fully equipped with comprehensive tools to monitor and administer multiple systems and operations.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=66291607
European region to offer significant growth opportunities in the global video as a sensor market during the forecast period.
Video as a sensor industry in Europe is growing rapidly owing to factors such as transformation in the region's security sector and technological advancements. The rising crime rate and terrorism have driven government and private organizations to invest in the enhanced video surveillance system. These systems deter criminal acts, support public safety, and enable law enforcement efforts. Protection of privacy in Germany in improving security drives the market; British government initiatives and private partnerships support the market's growth; need to ensure public safety in France to spur the adoption of video as a sensor solution.
Key players in video as a sensor companies such as Honeywell International Inc. (US), Motorola Solutions, Inc. (US), Dahua Technology Co., Ltd (China), Bosch Security Systems GmbH (Germany),Hangzhou Hikvision Digital, Technology Co., Ltd. (China), AT&T (US), IBM Corporation (US), Cisco Systems, Inc. (US), Axis Communications AB (Sweden), Johnson Controls Inc. (Ireland), Sony Group Corporation (Japan), Sharp Corporation (Japan),Teledyne Technologies Incorporated (US),Corning Incorporated (US),Pixart Imaging Inc. (Taiwan).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=66291607
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Video Surveillance Market by Image Sensor, Lens, Image Processing, Analog, IP Camera, Dome, PTZ, Box & Bullet, Panoramic, Fisheye, Body-worn, Encoders, AI-based VMS, Video Content Analysis, Storage Devices (Digital, Network) - Global Forecast to 2030
VSaaS Market Size, Share & Industry Growth Analysis by Type (Hosted, Managed, Hybrid), Feature (AI-enabled VSaaS, Non-AI VSaaS), AI Visual Analysis (Object Detection & Recognition, Intrusion Detection, Facial Recognition, Anomaly Detection), Vertical & Region - Global Forecast to 2029
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/video-as-a-sensor-companies.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/video-as-a-sensor.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
Share this article