Video Analytics Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Global Video Analytics Market was valued at USD 1528.1 million in 2020 and expected to reach USD 4142.7 million by 2026 and grow at a CAGR of 24.5% over the forecast period (2021 - 2026). Analytics has enabled various end-users in the usage of specific data insights into actionable intelligence for numerous functions. The ideas could be used in monitoring the queues in retail outlets and hospitals, generate heat maps, etc. The surveillance and retail industries are expected to drive the market positively during the forecast period.
Key HighlightsThe market is quite fragmented and moves towards consolidated market format, owing to the presence of large vendors who can spend on the R & D to improve the offerings. The companies are including Artificial Intelligence and machine learning to enhance their offerings. The major companies include Axis Communications AB, Avigilon Corporation (Motorola Solutions), Cisco Systems Inc., IBM Corporation, and Aventura Technologies Inc. Some of the key developments in the market are:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook