11billion

Video Analytics Market 2016 Analysis and Forecast to 2022

According to Stratistics MRC, the Global Video Analytics Market is estimated at $2.3 billion in 2015 and is expected to reach $11.2 billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 25.3% from 2015 to 2022. Some of the key drivers of the video analytics market include, the transition of video scrutiny system from analog to digital, surfacing of open standards, and increase in the efficiency of video scrutiny system.