Global Intelligent Video Analytics Market 2015-2019 - What are the market opportunities and threats faced by the key vendors?

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Jul 20, 2015, 06:34 ET

DUBLIN, July 20, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/sbnlj2/global) has announced the addition of the "Global Intelligent Video Analytics Market 2015-2019" report to their offering.

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The global intelligent video analytics market to grow at a CAGR of 33.20% over the period 2014-2019.

Video analytics is a technology that is used to identify, record, and analyze video streams via the electronic media. It helps end-users detect events of interest and recognize behaviours on a real-time basis without a human operator having to view the video. IVA provides advanced monitoring capabilities that enable highly advanced video surveillance. Also, IVA recognizes objects in motion based on various parameters such as size and shape. Furthermore, users can use the insights collected through IVA to analyze the behaviour of these moving objects based on built-in parameters. Government organizations, large enterprises, and SMEs worldwide use IVA solutions to better monitor their resources.

Intelligent Video Analytics (IVA) solutions support security personnel of companies to identify imminent danger by helping them to efficiently analyze video files. IVA incorporates advanced technologies that support video monitoring functions, which can be easily tuned with different sensitivity levels through IVA solutions. IVA also includes an object detection functionality, which differentiates between objects and monitors constantly. IVA solutions also generate automatic alerts when some uncertain activities occur, which reduces the dependence on security personnel as alerts can be obtained on mobile devices. Further, with the advent of big data platforms such as Hadoop and Cassandra, analysis of video has become much easier and more cost effective. The constant innovation in technology will propel the market growth during the forecast period.

According to the report, many organizations and residential buildings are adopting video surveillance for security reasons. The government sector is also investing in video surveillance. Unstructured videos of poor quality cannot be used for investigation purpose and hence, the videos are converted into better quality videos to get proper information. Further, the growing usage of digital devices and smartphones has resulted in increased volume of video data either uploaded or downloaded on social network sites such as YouTube, Facebook, and others. All these factors have generated a lot of unstructured video data in recent years that need to be analyzed to get meaningful insight and to justify the investments made.

Further, the report states that the infrastructure issues related to advanced IVA solutions hinders the market growth.

The report also covers segmentation on the basis of the following end-users:
- BFSI sector
- Government sector
- Healthcare sector
- Industrial sector
- Retail sector
- Transport and Logistics sector

Key Vendors
- Agent Video Intelligence
- Axis Communications
- Bosch Security Systems
- Cisco Systems
- Honeywell Security Group
- IBM

Other Prominent Vendors
- Infinova
- Intellivision
- Nice Systems
- ObjectVideo
- Verint Systems
- VideoIQ