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(IT-NEWSWIRE.COM, February 27, 2017 ) According to Publisher, the Global Video Analytics Market is estimated at $2.3 billion in 2015 and is expected to reach $11.2 billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 25.3% from 2015 to 2022. Some of the key drivers of the video analytics market include, the transition of video scrutiny system from analog to digital, surfacing of open standards and increase in the efficiency of video scrutiny system. However, the video analytics intricacy, clubbed with higher cost of maintenance of analytics is inhibiting the market. Moreover, Government is also investing in video scrutiny as the videos of poor quality cannot be used for investigation purpose and hence, the videos are renewed into superior quality videos to get proper information.
Commercial and industrial sectors commanded the market with more than 25% of global share. However, retail industry is expected to grow at faster pace in requisites of revenue during the forecast period. North America contributed the largest revenue worldwide with more than 35% of market share. Moreover, Asia Pacific is expected to witness the fastest growth during the forecast period with China, India, Japan, Australia, and South Korea being the major markets in the region.
For more information about this report: http://www.reportsweb.com/video-analytics-market-global-market-outlook-2016-2022
The major players in the global Video Analytics market include Cisco Systems, Inc., Axis Communications AB, Honeywell International, Inc, Object video, Inc., Robert Bosch GmbH, Nice Systems, Ltd., Avigilon Corporation, Agent Video Intelligence, Inc., Intellivision Technologies Corporation, and International Business Machines Corporation, Panasonic, VCA Inc., Web, Target Corporation and There Corporation.
-Video Analytics Appliances
-Support and Maintenance Services
End users Covered:
-Entertainment and Casinos
-Commercial and Industrial Security
-Urban Security and Public Safety
-Transportation and Logistics
-Airports and Maritime Security
-Defense, Intelligence, and Border Security
-Critical Infrastructure Protection
-Banking, Financial Services, and Insurance
-Critical Infrastructure Security
-Other End Users
- Situation Indication
-Unauthorized Parking Management
-Left Object Detection
-License Plate Recognition
-Optical Character Recognition, Object Detection, and Classification
Types of Deployment Covered:
-Rest of Europe
-Rest of Asia Pacific
-Rest of the World
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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
11.1 Cisco Systems, Inc.
11.2 Axis Communications AB
11.3 Honeywell International, Inc
11.4 Objectvideo, Inc.
11.5 Robert Bosch GmbH
11.6 Nice Systems, Ltd.
11.7 Avigilon Corporation
11.8 Agent Video Intelligence, Inc.
11.9 Intellivision Technologies Corporation
11.10 International Business Machines Corporation
11.12 VCA Inc.
11.14 Target Corporation
11.15 There Corporation
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