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Security Systems News Cites MarketsandMarkets as their Key Reference in an Article on Video Analytics Market
MarketsandMarkets was recently cited in an article on video analytics market published by Security Systems News.
With constant technological innovations, new forms of videos have emerged over the years. The global market for video analytics is poised to hit $3.9 Billion by 2020, growing at a CAGR of 20.9%. The market is growing at a rapid pace, owing to the increasing use of video analytics for business intelligence, increasing security concerns, and growing number of security threats. Moreover, cloud-based video analytics and growing concept of smart cities and IoT are expected to create a buzz in this market, thereby providing huge growth opportunities.
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Report mentioned in the above news is,
Video Analytics Market by Type (Hardware, Video Analytics Software, and Services), Applications (Intrusion Management, Crowd Management, Situation Indication, License Plate Recognition, Pattern Recognition) - Global Forecast to 2020