World News: 20:32 GMT Friday 14th September 2018. [Technavio Research via Businesswire via SPi World News]
According to the latest market research report released by Technavio, the global intelligent video analytics (IVA) market is expected to accelerate at a CAGR close to 31% during the forecast period. The rising demand for improved security is one of the key factors triggering the growth of the market.
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According to the latest market research report released by Technavio, the global intelligent video analytics market is expected to accelerate at a CAGR close to 31% until 2021. (Graphic: Business Wire)
This research report titled ‘Global Intelligent Video Analytics Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
The market research analysis categorizes the global intelligent video analytics market into the following end-user:
In 2016, the government sector dominated the global IVA market with a share of over 27%. This was followed by the BFSI sector and the commercial sector respectively.
Global intelligent video analytics market: Top emerging trend
The rise of smart cities is an emerging trend in the global intelligent video analytics market. Smart cities ensure sustainable and efficient environments within buildings. An increasing number of developed and developing countries have smart cities that offer energy efficiency and improved security. The buildings in these cities use numerous technologies to optimize the use of energy resources. These technologies interconnect buildings and the grid with the help of ICT-based devices and networks. In addition, edge-based IVA will replace the existing cameras with high-end smart cameras that have sophisticated analytical features. The limited processing power of these devices improves the efficiency and performance of intelligent video analytics solutions.
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Technavio’s report provides expert market research on the following topics:
Market Segmentation Analysis
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Business Wire: 20:32 GMT Friday 14th September 2018
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