LONDON, Sept. 20, 2016 /PRNewswire/ -- Smart Cameras, Software, and Services for Retail, Transportation, Consumer, City, Critical Infrastructure, and Enterprise Applications: Global Market Analysis and Forecasts
Video analytics systems, which extract information from video content that is meaningful as perceived by the human eye, are gaining traction in a diverse set of
application markets including retail, transportation, consumer, cities, critical infrastructure, and enterprise, among others. These systems may use intelligent
cameras with onboard vision processing or server-based software platforms, which are increasingly being aided by deep learning algorithms to help organizations
interpret and analyze meaning within an ever-increasing flood of video content. While many of the early use cases for video analytics relate to security and
surveillance, the applications for the technology are rapidly diversifying to include a broader range of business intelligence and situational awareness use cases.
The video analytics sector, which combines data science with video and computer vision, is already a crowded field with dozens of active vendors in the space
including startups as well as blue chip companies. Key drivers for the market include rapidly declining prices for smart cameras, the development of more
sophisticated computer vision and deep learning algorithms, and the emergence of new use cases for video analytics to optimize marketing and resources. Tractica forecasts that video analytics hardware, software, and services revenue will increase from $858 million in 2015 to $3 billion in 2022. This Tractica report examines the market trends and technology issues surrounding video analytics technologies and presents forecasts for hardware, software, and services during the period from 2015 through 2022. The report presents indepth analysis of market drivers, market barriers, application markets, and technology issues, in addition to detailed profiles of 20 key industry players. Key application markets covered include retail, transportation, consumer, city, critical infrastructure, and enterprise. Market forecasts, segmented by world region, include hardware unit shipments as well as hardware, software, and services revenue.