Intelligent Video
Surveillance, VCA & Video Analytics: Technologies & Global Market -
2013-2020
NEW YORK, March 27, 2013 /PRNewswire/ --
Reportlinker.com announces that a new market research report is available in
its catalogue:
http://www.reportlinker.com/p01154046/Intelligent-Video-Surveillance-VCA--Video-Analytics-Technologies--Global-Market-–-2013 2020.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Security_Systems
Following three decades of slow market penetration and
disappointing performance, the Intelligent Video Surveillance, VCA & Video
Analytics industry will experience a decade of rapid growth.
The "Intelligent Video Surveillance, VCA & Video
Analytics: Technologies & Global Market – 2013-2020" report indicates
that the global Intelligent Video Surveillance (IVS) & Video Analytics (VA)
industry revenues* totaled $13.5 billion in 2012, and are estimated
to reach $39 billion in 2020.
The rapid market growth is driven by the following dynamics:
Increased use of video surveillance.
Migration from analog to digital cameras and to IP based
cameras.
Technology maturity. Video analytics algorithms, processors,
applications and products underwent a decade of technological evolution to
intelligent video processing, based on advancements in image processing,
enabling automatic detection of signatures detection and identification.
Cost reduction of video analytic systems. Driven by the
falling prices of image processing DSPs and communication systems.
Cost-performance of new edge-based video analytics DSP
technologies (e.g., Intel, Texas Instruments DSPs).
Human operators entail high cost & high rate of
overlooked events. Real time analysis of video images and recorded footage is a
need that can hardly be answered effectively by human operators, and manpower
cost. Furthermore, human operators fatigue and boredom cause a high rate of
overlooked events.
It takes IVS, VCA and VA to process trillions of video
surveillance-hours generated annually. By 2011 over 165 million video
surveillance cameras installed worldwide captured 1.4 trillion video-hours.
Growing at a CAGR of 9-11%, captured video surveillance will reach
approximately 3.3 Trillion video-hours in 2020. A hypothetical analysis
assuming that 20% of the most critical video stream should have been reviewed
by human operators, results in a (hypothetical) need to employ (by 2011) a
workforce of over 100 million operators (working 8 hours daily, 300 days a
year).
In the past year, Intelligent video surveillance and video
analytics with mature technology have attracted a lot of attention. HSRC
estimates that the global market* will triple by 2020.
HSRC's "Intelligent Video Surveillance, VCA & Video
Analytics: Technologies & Global Market – 2013-2020" report addresses
this multi-billion market.
This landmark report is a resource for busy executives with
commercial interests in the industry. It has been explicitly customized for
decision makers to identify business opportunities, developing technologies,
market trends and risks, as well as to benchmark business plans.
The report presents in 474 pages, 115 tables and 158
figures, analysis of 55 current and pipeline technologies and 113 leading
vendors.