Research and Markets has announced the addition of the “Global Video Content Analytics Market Outlook Focus on Software, Application and Geography, Estimation & Forecast, 2016-2022” report to their offering.
“Global Video Content Analytics Market Outlook Focus on Software, Application and Geography, Estimation & Forecast, 2016-2022”
The VCA market is anticipated to grow over $4.4 billion in 2022, at a CAGR of 34% in the forecast period from 2016-2022.
Security and surveillance industry holds paramount importance across multiple application verticals, globally. While video surveillance industry is transforming from legacy system to smarter and advanced IP/network cameras, video content analytics (VCA) is becoming mainstream with more specific end-use verticals such as casinos, gaming, and transport among others.
The VCA technology proves to be very advantageous when incorporated with various software like recognition software or detection software by adding value to safety, operations and security. This factor has driven the market to a great extent to utilize the software for purposes such as motion detection, intrusion detection, facial recognition, and traffic management among others. Among the different software being used in the market, detection holds the largest market share owing to its wide range of application in both governmental as well as nongovernmental application.