Competitive analysis: Global Intelligent Video Analytics Market 2014-2018
Video analytics is a technology that is used to process and analyze video streams electronically. It helps end-users automatically detect events of interest and recognize a range of behaviors in real time, without an operator having to view the video. Intelligent video analytics provides advanced monitoring capabilities to end-users, which helps them conduct highly sophisticated video surveillance. Intelligent video analytics distinguishes objects in motion based on various parameters such as size and shape. Furthermore, end-users can use the insights collected to analyze the behavior of these moving objects based on built-in rules. Government organizations, large enterprises, and SMEs across the globe are using intelligent video analytics solutions to better monitor their resources.
Analysts forecast the Global Intelligent Video Analytics market will grow at a CAGR of 34.12 percent over the period 2013-2018. IVA solutions help companies to conduct highly sophisticated surveillance. IVA supports the security personnel of the end-user companies to identify imminent danger by helping them analyze video files more efficiently. IVA incorporates advanced technologies that enable numerous significant video monitoring functions in the video surveillance process. Advanced motion detection is one of those functions; moreover, through IVA, it can be adjusted to suit different sensitivity levels. IVA solutions also include an object detection functionality, which differentiates different objects and constantly monitors them. All these technological advancements, which are because of constant innovation, will fuel the growth of the IVA market during the forecast period.
Exhibit 1: Server-based Implementation Architecture
Exhibit 2: Edge-based Implementation Architecture
Covered in this Report
The solutions in the Global Intelligent Video Analytics market are generally built on two different types of architecture: server-based and edge-based. Although some vendors differentiate slightly in the solution implementation type, all video analytics can be implemented in the above mentioned predominant architectures.
The Global Intelligent Video Analytics Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Intelligent Video Analytics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers in this market is the increased generation of unstructured video data. Video surveillance has become a necessity for various applications across various end-user segments. This has increased the demand for IVA solutions, which helps companies generate meaningful insights from raw videos.
Further, the report states that one of the major challenges the market is facing is the low awareness of the value that IVA solutions provide. End-users are unaware of the capabilities of IVA solutions and how they can help improve business operations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
