Video Analytics Market to Grow at a CAGR of 20.2% from 2016 to 2021, report suggests
The Video Analytics Market is set to grow at a CAGR ( Compound Annual Growth Rate) of 20.2% from 2016 to 2021, a recent market research report from Research and Markets has been able to suggest.
The “Video Analytics Market – Global Forecast to 2021” report estimates that the video analytics market size will grow from USD 1.69 billion in 2016 to USD 4.23 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 20.2% from 2016 to 2021.
The video analytics market is driven by factors such as increasing security threats and need for intelligent surveillance and increasing demand of video analytics for non-security purpose.
Counting and crowd management application is expected to grow at the highest rate during the forecast period as it helps the end-users to measure the flow of people at specific entry and exit points within a facility, door, or building in real-time or periodic reporting. Its management intelligently identifies the bottleneck area and alerts the personnel with the location in order to have maximum security. Thus, it enables the end-users to manage the crowd and analyse the behaviour and other activities of people and vehicle in real-time from remote locations, and helps in improved decision making.
The APAC region is expected to be the fastest growing region for the video analytics market during the forecast period. The region offers large number of potential growth opportunities due to the huge development going in the region such as commissioning of critical infrastructures, smart cities, and increasing business needs of organizations, thereby driving the adoption of video analytics software and services.
Tensor – experts in video analytics, CCTV maintenance, systems takeover, design and deployment
Tensor plc is an active affiliate member of the BSIA and an UK market leader in the field of access control, time and attendance, visitor monitoring and CCTV solutions.
Tensor plc designs, manufactures, installs and an perennially maintains CCTV and integrated security systemsfor industrial, commercial, and public sector sites across the UK. Our systems produce cost effective evidence quality CCTV and activity monitoring that is tailor-made to meet your requirements. Where we do not manufacture particular pieces of equipment, we used products manufactured by Panasonic, Samsung, Genie, Pelco, Dedicated Micros, Wavestore and many more.
Furthermore, our WinTA product is the most comprehensive software package for combined T & A, Access Control and personnel management. Moreover, we’re constantly innovating and developing new products. In fact, since Tensor.NET‘s launch in 2009, Tensor has integrated facial recognition systems, hand scanning, re-developed our entire fingerprint reading systems for both Access Control and Time and Attendance, designed and developed many links including into Oracle HR, Microsoft AD and many other database driven applications & data management tools.
If you’d like to find out more about any of the products from our diverse, reliable, yet affordable product line-up, just contact our dedicated product team or book a demo.