Gmi Research

 The rapid growth of digital technologies and the increasing use of artificial intelligence (AI) are significantly shaping the future of various industries. One such technology that has been gaining traction is video analytics, which plays a pivotal role in transforming surveillance systems, enhancing security, and optimizing business operations. The rising demand for real-time monitoring systems and automated analysis tools has spurred interest in integrating video analytics with other advanced technologies like machine learning and deep learning. The Video Analytics Market in 2031 is expected to experience substantial growth, fueled by the increasing adoption of smart cities, industrial automation, and the rising demand for advanced security solutions. Video analytics allows for real-time analysis of video feeds, enabling businesses and security personnel to make informed decisions quickly. For example, in retail environments, businesses can use video analytics to track foot tra...

  Video Analytics Market was valued to be USD 6.1 billion in 2021, and forecast to touch USD 17.5 billion in 2029, growing at a significant higher CAGR of 14.2% during 2022-2029. The factors driving growth of the Video Analytics Market includes growing demand for intelligent security surveillance systems, increasing incidences of theft at workplace, rising installation of CCTV cameras at buildings and improvements in the living standards. Moreover, increasing application of video analytics solutions for intrusion detection, license plate recognition and crowd management, growing adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in video analytics solutions and rapid urbanization, are some of the additional factors supplementing the Video Analytics Market size . In addition, the increasing investments by major corporations on research and development, strategic mergers, and partnerships between enterprises, rising disposable incomes and...