Zion Market Research, the market research group announced the analysis report titled "Network Camera and Video Analytics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 08/24/2017 -- The video analytics market and the video surveillance market have undergone a drastic change in the recent years. The reason for these changes is the rising criminal activities, terrorist attacks, demand for the intelligent security systems and the dwelling infrastructure. The advanced surveillance systems provide the advantage of remote monitoring over physical security, hence increasing the demand in the market. The network camera and the video analytics market is gaining prominence owing to the developments in the technology. The video surveillance market is changing rapidly from the standalone solutions to the networked solutions, analog to the digital systems, and the growing array of the complex video analytics.
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The network camera and video analytics market are globally segmented into its technology, products, functions, resolution, verticals, system architecture and the regions. On the basis of technology, the network camera, and video analytics market is categorized into connectivity, image compression technology, operational and an image sensor. On the product basis, the network camera and video analytics market are divided into fixed, dome, PTZ, and others. Based on the resolution, the market is categorized into megapixel, analog, wide dynamic range and others. The different verticals where the network camera and video analytics are utilized include government, institutional, commercial and others. On the basis of function, the network camera, and video analytics market is segregated into the real-time video, business intelligence and video indexing. Based on the system architecture, the network camera, and video analytics are categorized into distributed or edge-based analytics and centralized or server-based analytics. The regions where the network camera and video analytics market is diversified are Europe, North America, Asia-Pacific and Rest of the World.
The growing demand from the non-security applications, reduction of total cost of ownership, government investments and the need for high resolution are some of the factors that are driving the global market growth. The benefit of improving the efficiency levels of the video surveillance, achieving cost reduction and the reduction of human intervention is encouraging the consumers to use these two products. The advanced technology, EDGE technology that is based on the video analytics, will provide the good opportunity to the manufacturers of the network camera. The non-security applications such as entertainment and the visual communication are the applications that have great potential to boost the network camera and video analytics market growth. There are some factors hampering the global market growth such as the requirement of high bandwidth and the lack of privacy of data.
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North America is leading the suppliers segment and is dominating the video analytics market. Asia Pacific region is also contributing a huge share in the market growth. This is owing to the reasons such as the increasing awareness about the network surveillance and the growth of technology backed up by the investments made by the government.
The key players in the network camera and video analytics market are Agent video intelligence, Axis Communication Ab., Bosch Security, Honeywell Security Group, ObjectVideo Inc., VideoIQ Inc., ADT Security Services Inc., Arecont Vision LLC., Bikal UK., CISCO Systems Inc., Milestone Systems and Pelco Inc.
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