Increased monitoring capabilities fuelling the growth of advanced video analytics market


Posted June 4, 2014 by matildefernandes

The report covers the Americas and the EMEA and APAC regions, it also covers the Global Intelligent Video Analytics market landscape and its growth prospects in the coming years.

 
The increased generation of unstructured video content has led to the growth of video analytics market. Video surveillance became imperative for different applications across various audiences, increasing the demand for intelligent solutions that will help the businesses generate actionable insights from raw videos.

This report: Global Intelligent Video Analytics Market 2014-2018 report talks about how video analytical technology can be used so that videos can be seamlessly processed and analyzed electronically without having the operator to view them. It detects events of interest and identifies a range of behavior in real time of viewers. These insights collected from Intelligent Video Analytics (IVA) are then being used by enterprises to better monitor their resources. Expected to grow at a CAGR of 34.12% over the period 2013-2018, the report provides an in-depth market analysis based on the different types of architecture: edge based and server based.


[b]IVA solutions provides sophisticated surveillance solutions[/b]

The current IVA solutions enables a company to conduct sophisticated surveillance that supports security personnel and end-user companies. These organizations employ these solutions to recognize imminent dangers just by analyzing video files efficiently. Using advanced technologies these solutions help them monitor multiple videos simultaneously. Moreover, by using advanced motion detection, this analytical tool can be customized according to different sensitivities. The tools also includes object detection functionality, which identifies different objects and monitors them accordingly. Constant innovation and increased surveillance capabilities are some of the factors that are fuelling the growth of this market segment.


[b]Key players of the market[/b]

Some of the major key players that are currently dominating the market are Agent Video Intelligence Inc., Axis Communications AB, Honeywell International Inc. and Robert Bosch GmbH. The constant technological advancements and innovations spearheaded by these companies have enabled these vendors to dominate the intelligent video analytics market space.


[b]Challenges faced by the sector[/b]

Despite the increased production of unstructured video content, low awareness of IVA solutions is proving to be a hindrance to the market segment. End users are still unaware of these solutions and tools and their capability to improve their business operations drastically.


[b]Market overview[/b]

With the help of this intelligent video analytics, different objects in motion can be identified and categorized based on size, shape and matter. The insights collected help in analyzing the behavior of end users towards these moving objects that comply with built-in rules. All these capabilities help monitor resources better and thus are employed to improve business operations. Enterprises are therefore demanding this capability which is fueling the growth of more innovative and bespoke IVA solutions throughout the market.


[b]For further insights,[/b]

Visit: http://www.researchonglobalmarkets.com/global-intelligent-video-analytics-market-2014-2018.html


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Last Updated June 4, 2014