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Follow on Google News | Video Analytics Market is Projected to Reach USD 38 Billion with a CAGR of 21%According to the latest report published by Next Move Strategy Consulting, the global Video Analytics Market size is projected to reach USD 38 billion growing at a CAGR of 21% till 2030.
Key Growth Drivers:
Regional Analysis: North America holds the lion's share in the global video analytics market. This is due to the presence of key players and the strategies adopted by them to uplift their businesses. On the other hand, Asia Pacific is anticipated to witness steady growth in the video analytics market due to the presence of emerging economies and expanding population. Competitive Analysis: The key players operating in the global video analytics industry include AllGoVision Technologies Pvt. Ltd, Aventura Technologies, Inc., Axis Communications AB, Cisco Systems, Inc., Honeywell International, Inc., IBM Corporation, Intellivision, PureTech Systems, Inc., Verint Systems, Inc., and Quognify. Conclusion: The video analytics market is poised for significant growth, driven by the increasing demand for advanced security solutions, technological advancements, and the rising adoption of IoT and smart city projects. While the market presents numerous opportunities, it also faces challenges such as high initial costs, privacy concerns, and technical complexities. Access full report: https://www.nextmsc.com/ End
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