Video Analytics Market By Component, By Deployment Mode, By Processing Mode, By Application, By End User, By Region, Forecast and Opportunities, 2027
Global video analytics market is expected to grow at a double-digit rate during the forecast period. There are many factors responsible for the growth of video analytics market such as government investments, falling prices of video surveillance system, increasing adoption of IoT and big data technology. There has been increase in demand for video surveillance due to certain factors such as improved accuracy, cost-effectiveness and enhanced reliability. These solutions related to BI helps in gaining insights on patterns pertaining to consumer behavior and traffic movement. The major challenge with video analytics is the costliness of the infrastructure required to carry out the video surveillance, which might hinder the growth of the market. Global video analytics market is segmented based on component, deployment mode, processing mode, organization size, application, end-user and region. Based on component, software segment is expected to dominate the market during the forecast perio...