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Video Analytics Market to Reach US$ 11,965.6 Mn by 2026, Growth in Industrial Automation to Augment Demand for Video Analytics Across Industries: Fortune Business Insights

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Pune, June 09, 2020 (GLOBE NEWSWIRE) — The global video analytics market is projected to rise at an exponential CAGR of 22.67% during the forecast period, 2018 – 2026. Fortune Business Insights in a report, titled “VIDEO ANALYTICS MARKET, SIZE, SHARE AND GLOBAL TREND BY COMPONENT (SOLUTIONS, SERVICES), BY APPLICATION (CROWD MANAGEMENT, FACIAL RECOGNITION, INTRUSION DETECTION, LICENSE PLATE RECOGNITION, MOTION DETECTION, AND OTHERS), END-USER (BFSI, CITY, CRITICAL INFRASTRUCTURE, EDUCATION, GOVERNMENT, RETAIL, TRANSPORTATION, AND OTHERS) AND GEOGRAPHY FORECAST TILL 2026.” published the above information. The demand for actionable insights from video data is increasing, which is enabling growth in the market. As per the report, the global market was valued at US$ 2,488.5 Mn and is anticipated to reach US$ 11,965.6 Mn by 2026. Video analytics systems track video frames of cars, individuals, and other items to offer better surveillance and safety solutions. This will further positively impact the video analytics market growth. With the emergence of advanced technology, intelligent and smart video analytics services offer reliable and precise monitoring and can capture incidents that get unnoticed by humans. 
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Please visit: https://www.fortunebusinessinsights.com/industry-reports/video-analytics-market-101114
North America  to Remain Dominant Between 2018 and 2026Among regions, North America is projected to maintain its dominance in the global video analytics market until 2026. In 2018, the market was valued at US$ 835.9 Mn. The growth is primarily attributable to the presence of leading players in the U.S. These players are constantly focusing on research and finding ways to implement video analytics systems across several private and public organizations. The installation of security cameras is high, which is likely to create an imminent need for video analytics software in North America. Driven by this, the video analytics market share in North America is envisioned to increase in the projected horizon.In 2018, the market in Asia Pacific accounted for US$ 531.6Mn and it is expected to expand at high growth in the forecast years. Countries such as China, India, and Australia are heavily investing in smart cities development. This, as a result, is expected to create growth opportunities for the market in Asia Pacific. Growing technological advancements is another factor contributing to the growth of the market in Asia Pacific.Growing adoption of big data analytics, cloud-based services, and internet of things (IoT) is likely to be the prime growth opportunity for the market. This, coupled with ongoing technological advancements, will bear fruits for the market. The increasing frequency of terrorist attacks and security breaches is increasing the adoption of video analytics solutions. Furthermore, increasing demand for IP-based security infrastructure and systems is likely to fuel demand for video analytics tools. “Over the years, video analytics deployment has become more affordable and comfortable among the masses. This is mainly driven by the radical price drop of high-performance software and servers,” said a lead analyst at Fortune Business Insights. “Owing to the up-gradation of technology, analytics solutions are more reliable now and require less maintenance, thus driving the video analytics market growth,” he added.  Growing developments in self-driving cars, robotics, and industrial automation is likely to give tailwinds to the market.Companies are also introducing new products to expand their market share and broaden their product portfolio. For instance, BriefCam announced the launch of a new version of video content analytics platform in April 2019. The 5.4 version of this platform allows organizations to convert video into actionable insight, thus helping organizations to accelerate investigations. IntroductionResearch ScopeMarket SegmentationResearch Methodology and AssumptionsExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging Trends of MarketKey InsightsMacro and Micro Economic FactorsKey Technological DevelopmentsIndustry SWOT AnalysisGlobal Video Analytics Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Sizing Estimations and Forecasts – By Component (US$ Mn)SoftwareServicesProfessional ServicesConsultingTraining and EducationSupport and MaintenanceManaged ServicesMarket Sizing Estimations and Forecasts – By Application (US$ Mn)Crowd ManagementFacial RecognitionIntrusion DetectionLicense Plate RecognitionMotion DetectionOthersMarket Sizing Estimations and Forecasts – By End User (US$ Mn)BFSICity SurveillanceCritical InfrastructureEducationGovernmentRetailTransportationOthersMarket Analysis, Insights and Forecast – By Geography (US$ Mn)North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaTOC Continued…!!!
Accounting Software Market Size, Share and Industry Analysis By Component (Software, Services), Enterprise Size (Large Enterprises, Small And Medium Enterprises), Type (Spreadsheets, ERP, Custom Accounting Software, Tax Management), End-Use Industry (BFSI, IT And Telecommunication, Others) and Regional Forecast 2019-2026Loyalty Management Market Size, Share and Industry Analysis By Type (Customer Retention, Customer Loyalty, Channel Loyalty), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, IT and Telecommunication, Retail, Travel and Hospitality, Manufacturing, Media and Entertainment, Hospitality, and Others) and Regional Forecast, 2019 – 2026Data Integration and Integrity Software Market Size, Share and Industry Analysis By Component (Tools (Solutions), Services), By Deployment Model (On-Premises, On-Demand), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Others) And Regional Forecast 2019-2026Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
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