Intelligent Video Surveillance System is a digital video technology system integrated with analytical software, which is a combination of both software and hardware. It is basically very common in IP surveillance systems, which includes comprehensive security, intelligence, and investigative capabilities for the live-streaming fixed cameras. As there is growing penetration of the Internet of Things (IoT) and also other technologies related to the server-less architecture, there is a demand for intelligent video is expected to grow significantly. Intelligent Video Surveillance System automatically examines the video stream and extracts information which is valuable from images like detected intruders. Advancement in the network infrastructure is driving the market growth while high cost and lack of skilled workforce are creating a hurdle for the market.
AdvanceMarketAnalytics has segmented the market of Global Intelligent Video Surveillance System market by Type, Application and Region.
On the basis of geography, the market of Intelligent Video Surveillance System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
An increasing trend in smart cities and Government initiatives in emerging technologies to enhance the public safety infrastructure
Rise in crime rate in regions across the world, Rising advancement in network infrastructure and Audience inclination towards deploying efficient surveillance
Ongoing technological advancements and major exposure in Big data, IoT, and cloud-based services
In addition to the aforementioned factor, Rise in crime rate in regions across the world
is expected to propel the growth of the market over the forecast period.
Fragmented nature of market owing to the number of pf players present in the market. Market leaders are focusing on technological developments in airborne surveillance system market. For instance, Dragon Shield’ airborne surveillance system of Finnish Defense Forces, defense agency of Finland reaches the final operational stage.
The key Players profiled in the study are IBM (United States), AD Aerospace PLC (United Kingdom), Global Epoint (United States), Groupe Latecoere SA (France), Honeywell Security (United States), Siemens (Germany), Sony (Japan), IntelliVision (United States), Robert Bosch GmbH (Germany), Cisco Systems, Inc. (United States) and Honeywell International, Inc. (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.