MarketResearchReports.Biz has announced addition of new report "Global Intelligent Video Analytics IVA Market 2016-2020" to its database.
A new research report, titled “Global Intelligent Video Analytics IVA Market 2016-2020”, has been added to the repository of MarketResearchReports.biz. According to this research report, the global intelligent video analytics (IVA) market will expand at a remarkable CAGR of 32.47% during the forecast period from 2016 to 2020.
Video analytics technology is deployed to record, identify, and evaluate video streams using electronic media. Intelligent video analytics offer support to security personnel and aid them in identifying imminent danger by helping them efficiently analyze video streams. IVA also includes an object detection functionality, which differentiates between objects and offers continuous monitoring.
By deploying IVA, end users can detect events of interest and recognize a range of behaviors on a real-time basis without the intervention of a human being. Furthermore, it can also help users with advanced monitoring capabilities by conducting highly advanced video surveillance. This technology recognizes objects in motion based on various parameters such as size and shape.
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The global intelligent video analytics (IVA) market is driven by the rising data volume of unstructured videos. Poor-quality unstructured videos cannot be used for investigation. Hence, they are converted into higher resolutions to get the required information. Moreover, the rising usage of digital devices and smartphones has led to a rise in the volume of video data. This growing amount of unstructured data will drive the demand for IVA solutions to get meaningful insights from this data. Moreover, the global intelligent video analytics (IVA) market will also be fuelled by the elevated need to address security issues.
On the other hand, the global intelligent video analytics (IVA) market will be challenged by the lack of awareness regarding intelligent video analytics solutions. Furthermore, low internet speed will also continue to suppress the global intelligent video analytics (IVA) market.
According to end use, the global intelligent video analytics (IVA) market is segmented into the BFSI sector, the healthcare sector, the government sector, the retail sector, the industrial sector, and the transport and logistics sector. The research study on the global intelligent video analytics (IVA) market evaluates the solutions and products offered by several market vendors. It offers a comprehensive analysis in terms of market segmentation for these end users. In addition to this, the research report on the global intelligent video analytics (IVA) market also provides projections of the key regions. Region-wise, the global intelligent video analytics (IVA) market is divided into the Americas, the EMEA, and the APAC region.
Players in the global intelligent video analytics (IVA) market will benefit from the advancement in video and video analysis technology. Companies will also benefit from the rising trend of migration toward IP cameras. Some of the key players operating in the global intelligent video analytics (IVA) market are IBM, Honeywell Security Group, Cisco Systems, Bosch Security Systems, Axis Communications, and Agent Vi Ltd.
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