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The video analytics market size is forecast to increase by USD 37.49 billion at a CAGR of 33.01% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of advanced technologies such as facial recognition and real-time analysis. These innovations enable businesses to gain valuable insights from video data, leading to improved decision-making and enhanced customer experiences. The shift towards IP cameras over analog alternatives is also driving market expansion. However, the shortage of skilled professionals to implement and manage these complex systems poses a challenge. In the retail sector, video analytics is being utilized for heat mapping, shrinkage prevention, and customer service, while in the security industry, it is used for alarms and alerts. Additionally, post-analysis and forensic investigation applications are gaining traction. Ad spending on video analytics is projected to increase as businesses recognize the potential of this technology to optimize operations and enhance security.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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