According to a new market research report “Intelligent Video Analytics (IVA) Market: by types, Technologies & Systems, Architectures, Area of Operation, and Vertical Applications - Global Advancements, Business Models, Technology Roadmap, Forecasts & Analysis Market Forecasts (2012 - 2017)”, published by MarketsandMarkets, the Intelligent Video Analytics (IVA) Market is expected to reach $867.8 million by 2017 at a CAGR of 30.4% from 2012 to 2017.
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Video Analytics is an automated approach to managing and analyzing video, without the cost or man-hours previously required. Video Analytics (VA) is the general analysis of video images to recognize apprehensive behaviors and events in real time and tracks people and objects, and can send alarms when suspicious activities occur. Intelligent Video Analysis (IVA) takes motion detection to the next level, utilizing local or centralized processing power to distinguish moving objects based on their shape and size, and to study their behavior based on default/built-in rules.
The Intelligent Video Analytics Software shall offer the latest in computer vision technology to enable unattended monitoring of digital video sources to detect for specific events or behaviors. The system is robust and work in indoor and outdoor conditions which include a variety of lighting and weather conditions. The system shall work with a variety of fixed analog cameras, IP cameras, and digital video sources. The Intelligent Video Analytics software work in a standalone application or in conjunction with specific compatible digital video recording systems such as Honeywell Digital Video Manager or the Honeywell Fusion System.
The Intelligent Video Analytics (IVA) is expected to grow from $180.0 million in 2011 to $867.8 million by 2017, at an estimated CAGR of 30.4% from 2012 to 2017. Companies such as Agent Vi (U.S.), Robert Bosch (Germany), Honeywell Video (U.S.), ObjectVideo (U.S.), Intellivision (U.S.), GE Security (U.S.), Axis Communication (Sweden), VideoIQ (U.S.), Synesis (Russia) are key market players.
The report provides in-depth analysis of various industry verticals such as Airports, Ports & Maritime Security, Critical Infrastructure Protection (Plants & Nuclear Facilities), Border Control and Perimeter Security, Commercial/Office/Govt. Buildings, Factories and Industrial plants, Urban Security and public safety, Banking and Financial Sector, Entertainment and Casinos, Retails Stores, Malls and shopping centres, Transportation and logistics, Healthcare, Housing and residential, Sports, and others. Also describes the emerging trends in Intelligent Video Analytics market across geographies.
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