Global Intelligent Video Analytics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The latest trend gaining momentum in the market is rising trend of smart cities.
Smart cities ensure sustainable and efficient environments within buildings. An increasing number of developed and developing countries have smart cities that offer energy efficiency and improved security.
Arecont Vision®, the industry leader in IP-based megapixel camera technology, has announced the opening of their new Middle East, Africa, and Indian Subcontinent regional headquarters here in Dubai, United Arab Emirates.
Video surveillance, AKA closed-circuit television (CCTV), is not openly transmitted, though it may employ point to point (P2P), point to multipoint (P2MP), or mesh wired or wireless links. Though almost all video cameras fit this definition, the term is most often applied to those used for surveillance in areas that may need monitoring such as bars, banks, casinos, schools, hotels, airports, hospitals, restaurants, military installations, and other areas where security is needed.
According to market research firm MarketsandMarkets, The video surveillance market is expected to reach US$71.28 billion by 2022, at an estimated CAGR of 16.56% between 2016 and 2022. The major reason for the growth in video surveillance is due to the increasing rate of security threats, criminal activities, thefts, and others. The advancements in video surveillance applications such as cloud services, network cameras, big data analytics, and other technologies have increased the scope of the video surveillance market for wider application in different sectors.