Video Analytics Market Share, Size, Growth, Demand, Structure and Scope Forecast to 2025
According to IMARC Group’s latest report, titled “ Video Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ,” the global video analytics market grew at a CAGR of 20% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its strong growth during the next five years. The video analytics market is primarily driven by the increasing incidences of security breaches across numerous industries. This has led to the rising demand for advanced public surveillance and security systems, thereby providing a thrust to the market growth. This is also being supported by the growing deployment of internet protocol (IP)-based surveillance systems for business intelligence (BI). Some of the other factors contributing to the market growth include rapid expansion of smart cities, an increasing need to monitor traffic and accidents in real-time and the growing industrial automation across the globe. Video analytics re...