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(IT-NEWSWIRE.COM, April 13, 2018 ) Publisher’s market study identifies the rising demand for improved security as one of the primary growth factors for the intelligent video analytics market. Governments and large enterprises adopt intelligent video analytics (IVA) to control anti-social activities as antisocial incidents such as robbery, theft, shoplifting, and terrorist attacks are increasing at an exponential rate across the globe. Stringent regulations have been laid down to ensure the installation of video surveillance cameras in public places to improve security and curb anti-social activities. This will in turn, drive the growth of this market. According to our industry research experts, this market will grow steadily at a CAGR of more than 30% by 2021.
Internet protocol (IP) cameras have the combine features of analog cameras and personal computers (PCs) and work anywhere near a network. IP cameras have their own IP addresses and can be accessed through any IP network such as a WAN, LAN, Intranet, or the Internet. IP cameras do not need to be connected to a PC. They offer various features such as low cost, high resolution, remote accessibility, and secure access and encryption. This will increase the shift towards IP cameras which will be one of the key trends behind the growth of the intelligent video analytics market.
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Competitive landscape and key vendors
The intelligent video analytics market is highly fragmented due to the presence of several international and regional vendors who compete based on the revenue generated, their geographical presence, product portfolio, financials, and R&D. The competition in the market is intense due to the presence of a large number of vendors. The level of competition will further intensfy due to the increase in number of products and services, technological innovations, and M&As. Vendors with strong financial and technical resources develop innovative products to attain competitive edge over their competitors.
The leading vendors in the market are -
Agent Video Intelligence
Bosch Security Systems
Honeywell Security
IBM
IntelliVision
The other prominent vendors in the market are Aventura Technologies, Global Networks, i2v System, Keymaster Physical Security & Access Control, NICE Systems, ObjectVideo Labs, PRO-VIGIL, Securiton, VideoIQ, and Viseum International.
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Segmentation by type and analysis of the Intelligent Video Analytics market
Government
Banking, financial services, and insurance (BFSI)
Commercial
Residential
The government sector primarily uses IVA for data collection and analysis that enhances the security of government agencies and military forces. Additionally, IVA is useful for perimeter protection that prevents losses in military installations and government sites by discretely identifying suspicious activities and also reduces the reaction time to alarming situations.
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