Video Analytics in Homeland Security & Public Safety Global Markets Surpassed $8.3B in 2013 According to the Intelligent Video Surveillance, ISR & Video Analytics: Technologies & Global Market – 2013-2020 report, the rapid market growth is driven by the following dynamics: Increased use of video surveillance, migration from analog to digital, and IP-based cameras.

Migration from labor intensive video surveillance to computer automated (and semi-automated) video surveillance Technology maturity.

Video analytics algorithms, processors, applications, and products underwent a decade of technological evolution to intelligent video processing, based on advancements in image processing, enabling automatic detection, and identification of signatures.

Cost reduction of video analytic systems: driven by the falling prices of image processing DSPs and communication systems.

Improved cost-performance of new edge-based video analytics DSP technologies (e.g., Intel & Texas Instruments DSPs) iHLS –

Human operators entail high cost & high rate of overlooked events: Real time analysis of video images and recorded footage is a need that can hardly be answered effectively by human operators due to manpower costs.

Furthermore, human operators fatigue and boredom cause a high rate of overlooked events. IVS, ISR and VA process trillions of video surveillance-hours annually: By 2012, over 200 million video surveillance cameras (including ISR cameras) deployed worldwide captured 1.6 trillion video-hours. Growing at a CAGR of 9-11%, captured video surveillance is forecasted to reach approximately 3.3 trillion video-hours in 2020. […]