Video Analytics Market Size Worth $9.4 Billion by 2025 | CAGR: 22.8%: Grand View Research, Inc.

Video Analytics Market Size Worth $9.4 Billion by 2025 | CAGR: 22.8%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, February 12, 2018

SAN FRANCISCO, February 12, 2018 /PRNewswire/ --

The global video analytics market size is expected to reach USD 9.4 billion by 2025, according to a new study by Grand View Research, Inc., registering a 22.8% CAGR over the forecast period. Increasing demand for intelligent security surveillance systems, which can be used for estimating key trends and deriving patterns, is the key factor driving market growth. In addition, increasing concerns over public safety and use of video analytics in criminal investigations are positively impacting demand for video analytics solutions.

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Apart from surveillance, video analytics solutions have also found increasing application in the retail sector for estimating average footfall, gender bifurcation, display effectiveness, and attractiveness of shelf space. Furthermore, superstores and mega marts have started implementing these systems to gain insight into consumer behavior.

Use of advanced algorithm technology in video analytics enables examination of captured videos frame by frame, irrespective of light exposure, thereby making video analytics a reliable and efficient choice for ensuring security. Furthermore, industries such as transportation, retail, and healthcare are witnessing significant increase in the adoption of video analytics, owing to rising application of intrusion detection, license plate recognition, crowd management, and congestion detection in these industries.

Browse full research report with TOC on "Video Analytics Market Size Report By Type (Software, Hardware), By Deployment (Cloud, On-premise), By Application (Intrusion Detection, Crowd Management, Facial Recognition), By End Use, And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/video-analytics-market

Further Key Findings From the Report Suggest: 


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Grand View Research has segmented the global video analytics market based on type, deployment, application, end use, and region. 


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About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Grand View Research, Inc
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