World Video Analytics Market to Grow at 33.73% CAGR to 2021

ReportsnReports.com adds Global Video Analytics Market 2017-2021 latest research report; the analysts forecast global video analytics market to grow at a CAGR of 33.73% during the period 2017-2021.

April 13, 2017 /MarketersMedia/ —

The global video analytics market analyst says the latest trend gaining momentum in the market is growing preferences for IP cameras over analog cameras. Internet protocol (IP)-based cameras combine capabilities of analog cameras with PC functionality. It does not require a direct connection to a PC to operate and can be placed anywhere within a network. IP cameras have their own IP addresses and can be accessed or controlled through any IP network like a WAN, LAN, Intranet, or the Internet. Thus, the adoption of IP cameras is likely to increase during the forecast period.

Complete report on Video Analytics market spread across 70 pages, analyzing 5 major companies and providing 22 data exhibits are now available at http://www.reportsnreports.com/reports/929078-global-video-analytics-market-2017-2021.html

According to the video analytics market report, one of the major drivers for this market is enhanced processing power of collected data. The integration of the video analytics technology with surveillance cameras helps to increase the processing power of the collected data. Arrays and algorithms used during the integration enable users to add filters and setting based on the location where it is being installed. In addition, video analytics-enabled surveillance cameras can also be controlled through apps, which make them efficient and applicable for smart buildings.

The following companies are the key players in the global video analytics market: Axis Communications, Bosch Security Systems, Cisco Systems, IBM, and Honeywell. Other prominent vendors in the market are: Agent Video Intelligence, Infinova, IntelliVision Technologies, NICE Systems, ObjectVideo, and Verint Systems. Order a copy of Global Video Analytics Market 2017-2021 report at http://www.reportsnreports.com/purchase.aspx?name=929078

Global Video Analytics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global video analytics market for 2017-2021. To calculate the market size, the report considers the new sales by sector in the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Further, the video analytics market report states that one of the major factors hindering the growth of this market is need for skilled workforces. Though video analytics-enabled cameras help users reducing workforces required, they need trained operators. Data collected with the help of video analytics require experts in order to analyze and alter algorithms based on requirements of users. The effectiveness of the data analysis depends on the knowledge and skills of operators, which, in turn, helps improving the response time in case of emergency.

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Source: MarketersMedia

Release ID: 185943