Video Analytics is the technology used to extract information from video data. It can be used to track objects, people, and events. It can also be used to monitor behavior and to detect and diagnose problems. Video analytics can be used to improve the efficiency and effectiveness of security, surveillance, and other video-based systems.
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Market Dynamics
The major drivers for the growth of the video analytics market are the need for effective security and surveillance, and the increasing adoption of video analytics in the retail and BFSI sectors. The key restraints for the growth of the video analytics market are the lack of awareness and the high cost of video analytics solutions.
The key trends in the video analytics market are the increasing adoption of cloud-based solutions, the need for real-time analysis, and the increasing adoption of video analytics in smart city projects.