Video Analytics Market is projected to grow up to USD 12.8 billion by 2027 growing at a CAGR of 21% during the forecasting period 2021-2027.

Video analytics is the automated processing and analysis of video footage generated, gathered, or monitored during video surveillance by a computer. Using video analysis of monitored environments, the software recognises traits, events, patterns, and characteristics of people or objects while disregarding irrelevant actions. Video surveillance in industries, city surveillance, and social media all produce significant amounts of unstructured video data. Users can also utilise video analytics software to evaluate, organise, and communicate insights gathered from video data in order to make better decisions. The worldwide video analytics market is divided into two types of deployment models: on-premise and cloud-based. In 2021, the cloud-based model is predicted to lead the global market, with the highest CAGR throughout the forecast period. Because of the advantages afforded by cloud deployment, this category is projected to continue to dominate the market. By using a subscription model such as pay per subscription, cloud deployment allows consumers to better manage their costs. Customers can use a cloud-based analytics solution to secure their premises with IP cameras in a convenient and easy method.
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The Video Analytics Market report has been categorized as below
By component
Services
Software
By deployment
On-Premises
Cloud
By application
Incident Detection
Intrusion Management
People/Crowd Counting
Traffic Monitoring
ANPR
Facial Recognition
Others (AR and Ego-Motion Estimation)
By type
Edged-Based
Server-Based
By vertical
Banking, Financial Services, and Insurance (BFSI)
City Surveillance
Critical Infrastructure
Education
Hospitality and Entertainment
Manufacturing
Defense and Border Security
Retail
Traffic Management
Transportation and Logistics
Others
By Region
North America
Europe
Asia Pacific
Rest of World
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