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CHICAGO , Oct. 14, 2022 /PRNewswire/ — Video Analytics Market is projected to grow from USD 7.1 billion in 2022 to USD 20.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.4% during the forecast period, according to a new report by MarketsandMarkets™. The growth of the Video Analytics Market can be attributed to government initiatives in adopting emerging technologies to enhance public safety infrastructure. Moreover, the significant drop-in crime rate due to surveillance cameras fuels the growth of the Video Analytics Market.
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Browse in-depth TOC on “Video Analytics Market”
292 – Tables
61 – Figures
302 – Pages
By application, the intrusion management segment is expected to account for the largest market size during the forecast period
The intrusion management segment is expected to account for the largest market share among services. Intrusion management involves monitoring incidents, such as intrusions in outdoor areas and perimeters, by deploying intrusion detection systems. Intrusion systems integrated with video analytics offer accurate and automated surveillance. Suppose an intruder breaks a pre-defined security rule. In that case, the automated intrusion management system generates a real-time alarm and a video of the event. It sends it to the VMS, allowing the concerned authorities to deliver fast and precise responses.
By Deployment Model, the cloud segment is expected to grow at…
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