Video Analytics Market to Hit at CAGR of 20.6% by 2023: Video Indexing, People Recognition, License Plate Recognition
Increasing necessity for safety and security and valuable insights from video analytics solutions is propelling the growth for the video analytics market. Video analytics equipment and solutions provide post-event as well as real-time event detection by analyzing the data. This increases the efficiency of businesses and security and reduces manpower costs. Moreover, increasing demand for video analytics solutions in various end-user areas, such as residential, commercial, industrial, transportation and logistics, healthcare, defense intelligence and retail applications is driving the market...
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