Deerfield Beach, FL -- (SBWIRE) -- 12/11/2015 -- The Global Video Analytics Market is estimated at $1.85 billion in 2014 and is expected to reach $11.21 billion by 2022, growing at a compound annual growth rate (CAGR) of 25.2% from 2014 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. While the video analytics intricacy, clubbed with higher cost of maintenance of analytics is the key inhibitor of video analytics market. The government sector is also investing in video scrutiny as the amorphous videos of poor quality cannot be used for investigation purpose and hence, the videos are renewed into superior quality videos to get proper information.

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The global Video Analytics Market is broadly segmented by the type as hardware and software. By end user, market is categorized as residential security, commercial and industrial security, urban security and public safety, critical infrastructure protection, airport and maritime security, retail industry, entertainment and casinos, defense intelligence and border security, transportation and logistics and others. Based on application, global video analytics market is classified as intrusion management, crowd management, situation induction, license plate recognition, pattern recognition, and others. By Geography, market is segregated as North America, Europe, Asia-Pacific and rest of the world.

The major players in the global Video Analytics market include Cisco Systems, Inc., Axis Communications AB, Honeywell International, Inc, Object video, Inc., Robert Bosch GmbH, Nice Systems,Ltd., Avigilon Corporation, Agent Video Intelligence, Inc., Intellivision Technologies Corporation, International Business Machines Corporation.

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This study highlights current dynamics and developments in the Video Analytics market. The report incorporates in-depth analysis of the market growth drivers as well as the inhibiting factors in the Video Analytics market. The scope of the report covers an extensive evaluation pertaining to the winning imperatives and stakeholder strategies through a presentation of the segmentation of Video Analytics market in the report.

The numerous factors stimulating this market have been evaluated in the sections of this report. Along with the regional analysis, the current trends in the Video Analytics market, coupled with the reasons behind the development of some unique segments, have additionally been described in this Video Analytics market report. The report highlights the competitive landscape by elaborating on the current mergers and acquisitions (M&A), product developments, and venture funding that took place in the Video Analytics market in the recent past.

The section pertaining to the company profiles explains the dominance of the key players in the Video Analytics market and an evaluation on the major strategies employed by these key players in order to gain a bigger share in the Video Analytics market. This will help enhance the understanding on the competitors as well as help in gaining strong insights for strengthening one's position in the Video Analytics market.

There are numerous factors that are considered in order to provide the analysis and forecast of the Video Analytics market. Some of the factors are technological, political, social, and economic Video Analytics market factors. Various analytical tools such as Porter's Five Forces Analysis and Video Analytics market SWOT analysis are utilized to analyze the data of the Video Analytics market and help provide a better understanding of the market. The data has been presented via charts, tables, and graphics in Video Analytics market research report. This visual presentation of the data is very useful in providing a clearer view of the leading applications, end users, and key segments of the Video Analytics market.