Research Nester has released a report titled “Video Analytics & Intelligent Video Surveillance Market – Global Demand Analysis & Opportunity Outlook 2027” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
Retail footfall is increasing worldwide on the back of rise in the number of shoppers around the globe. Owing to such a factor, retail owners are increasingly in the need for systems that can monitor the total footfall as well as take necessary steps to balance the footfall conversion. Video analytics & intelligent video surveillance systems helps retail owners and shopkeepers monitor traffic management efficiently and thereby increase their sales. With added features, such as electronic article surveillance and safety alarm amongst others, retail owners are increasingly adopting video analytics & intelligent video surveillance systems, which is anticipated to significantly drive the growth of the global video analytics & intelligent video surveillance market.
The market is anticipated to record a CAGR of 15.14% during the forecast period, i.e. 2019-2027 and is anticipated to reach USD 103.83 billion from USD 28.13 billion in-between 2018-2027 by achieving a Y-o-Y growth rate of 14.16% in 2027 as compared to the previous year.
The global video analytics & intelligent video surveillance market is segmented by application into crowd management and people count, intrusion detection system, traffic monitoring and incident detection. Among these segments, crowd management and people count segment is anticipated to hold the largest market share of around 39.53% in the year 2027. The market is further anticipated to achieve a Y-o-Y growth rate of 12.80% in 2027 as compared to the previous year and reach a CAGR of 13.79% during the forecast period.
Geographically, the global video analytics & intelligent video surveillance market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, North America is anticipated to hold the largest market share of around 32.10% in the year 2027. Factors such as rising security concern in the region along with the presence of large number of market players are considered to promote the growth of the global video analytics & intelligent video surveillance market.
However, concerns for threat to cyber security on the back of the video analytics & intelligent video surveillance systems be inter-connected for data transmission along with rising occurrences of cyber threats are estimated to act as a barrier to the growth of the global video analytics & intelligent video surveillance market.
This report also studies existing competitive scenario of some of the key players of the global video analytics & intelligent video surveillance market, which includes profiling of Honeywell International Inc. (NYSE: HON), Bosch Security Systems, Inc., Cisco (NASDAQ: CSCO), ADT LLC dba ADT Security Services, Agent Video Intelligence Ltd., Textron Systems, Siemens (ETR: SIE), and Thales Group (EPA: HO).
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Video Analytics & Intelligent Video Surveillance Market – Global Demand Analysis & Opportunity Outlook 2027”, analyses the overall global video analytics & intelligent video surveillance industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global video analytics & intelligent video surveillance market in the near future.
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