Network Camera and Video Analytics Market Will Escalate Rapidly in the Near Future

Network Camera and Video Analytics Market – Snapshot

The global network camera and video analytics market is likely to observe growth over the tenure of forecast due to rise in the number of violent incidences across the globe. The rising need for intelligent and smart security systems at the backdrop of rising criminal activities and terrorist attacks together with dwelling infrastructure has triggered the expansion of the global network camera and video analytics market.

The trends in video surveillance technology are changing rapidly from analog to a digital one. It is changing from standalone solutions to a networked one. An expanding array of complicated video analytics is further expected to boost growth of the global network camera and video analytics market in the years to come.

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There are many benefits of surveillance systems over physical security. The benefits of video analytics are as mentioned below

• Motion detection
• People counting & dwell time monitoring for retail stores
• Facial recognition & license plate reading
• Recognizing long lines at checkout and sending alerts

Such multiple benefits have enabled increased deployment of the technology, which is likely to foster growth of the global network camera and video analytics market in near future. Furthermore, it is convenient to save, look for, edit, and analyze videos created by network cameras, which is another factor promoting market growth.

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Network Camera and Video Analytics Market – Overview

The global video surveillance market and video analytics market have changed a lot over the years. The need for intelligent security systems, rising criminal activities, and dwelling infrastructure has driven the demand for intelligent security systems. Surveillance systems provide the remote monitoring advantage over the physical security, resulting in wide development of technology across the world.

With the developing era of technology and technological advancements, network camera and video analytics market is gaining importance. The network camera market mainly involves five parameters as product types, technology, verticals, resolution and geography. The product market is segmented according to physical characteristics of network camera. And the technology market is segmented according to method of operation, image compression kit used, connectivity, and type of image sensor.

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Increasing demand from the non-security applications, backed by government investments, reduction of total cost of ownership and need for high resolution are the key driving forces for this market. Some of the factors restraining the network camera and video analytics market growth are high bandwidth requirement and lack of data privacy. EDGE technology based video analytics can provide a good opportunity to network camera manufacturers.

Network Camera and Video Analytics Market is segmented based on technology used as usage mode technology, connectivity types, image sensors technology, and image processing & video compression technology. On the basis of product types the network camera and video analytics market is segmented as fixed type, dome type and pan-tilt-zoom (PTL) type.

Segmentation based on resolution, as name suggest it segment the network camera and video analytics market based on the different resolutions offered by network camera as megapixel, analog, wide dynamic range and others. On the basis of verticals the network camera and video analytics market is segmented into four main verticalsas, commercial, government, institutional, and others.On the basis of geography the network camera and video analytics market is segmented into four main regions as North-America, Europe, APAC and Rest of the world (ROW).

Some of the key players in Network Camera and Video Analytics Market are ADT security services Inc., Agent video intelligence, Arecont Vision LLC., Axis Communication Ab., Bikal UK., Bosch Security, CISCO Systems Inc., Honeywell Security group, Milestone systems, ObjectVideo Inc., Pelco Inc., and VideoIQ Inc. among others.

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