According to the latest market research report released by Technavio, the global intelligent video analytics (IVA) market is expected to accelerate at a CAGR close to 31% during the forecast period. The rising demand for improved security is one of the key factors triggering the growth of the market.
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According to the latest market research report released by Technavio, the global intelligent video analytics market is expected to accelerate at a CAGR close to 31% until 2021. (Graphic: Business Wire)
This research report titled 'Global Intelligent Video Analytics Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global intelligent video analytics market into the following end-user:
In 2016, the government sector dominated the global IVA market with a share of over 27%. This was followed by the BFSI sector and the commercial sector respectively.
Global intelligent video analytics market: Top emerging trend
The rise of smart cities is an emerging trend in the global intelligent video analytics market. Smart cities ensure sustainable and efficient environments within buildings. An increasing number of developed and developing countries have smart cities that offer energy efficiency and improved security. The buildings in these cities use numerous technologies to optimize the use of energy resources. These technologies interconnect buildings and the grid with the help of ICT-based devices and networks. In addition, edge-based IVA will replace the existing cameras with high-end smart cameras that have sophisticated analytical features. The limited processing power of these devices improves the efficiency and performance of intelligent video analytics solutions.
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Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio's report provides expert market research on the following topics:
- Market Outline
- Global Intelligent Video Analytics Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by end-user (BFSI, Government, Commercial, and Residential)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Agent Video Intelligence, Bosch Security Systems, Honeywell Security, IBM, and IntelliVision)
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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