![]() Learn More: AI-driven Software for Drones Use Cases For Video Content Analytics Technology The Manufacturing Sector Since then, installing video surveillance cameras to keep an eye on a variety of activities has spread throughout the globe. ![]() The V2 rocket launch in Germany was the first known use of a CCTV camera. Video surveillance has been used since 1942. New technology offers a different way to monitor and control safety measures and optimize process flow within the industrial processes using smart cameras, even if operational requirements change. The continued growth in the demand for manufactured items creates additional requirements, difficulties, and concerns for employees’ safety and security. Making Use of Video Analytics in the Manufacturing Sector The Folio3 research on the market for video analytics includes thorough market analysis, industry projection, major competitors, a picture of how they compete, and market share, among other things. Additionally, the setup expenses related to video analytics technologies prevent smaller firms from utilizing them. Lack of uniformity in data collection techniques and low end-user acceptance rates are two issues the video analytics sector must deal with. Businesses should utilize video analytics’s advantages by being aware of the data collected and how it might be used. Businesses may make wise choices about selling existing products or creating new ones by studying how customers use their products.īusinesses must thoroughly understand how the video analytics market operates if they are to benefit the most from it. Businesses may monitor customers’ engagement with goods or services and spot potential improvement areas by employing video analytics.Ī few further advantages that firms can gain from video analytics, according to Folio3, are the capacity to enhance customer service, develop better marketing strategies, and optimize product offers. Businesses are using video analytics to gain information about their customers as they become more conscious of the value of consumer insights. First, more digital cameras than ever can record video, meaning there is a constantly expanding pool of video data that can be analyzed. The market for video analytics is flourishing for a variety of reasons. Here is a list of top listed companies in global video content analytics technologyīusinesses Are Utilizing Any And All Chances To Obtain Consumer Insights.Top Listed Companies Of Global Video Content Analytics Technology.Use Cases For Video Content Analytics Technology The Manufacturing Sector.Making Use of Video Analytics in the Manufacturing Sector.Businesses Are Utilizing Any And All Chances To Obtain Consumer Insights.Additionally, in industrialized nations, the use of video streaming services is growing.Īccording to research, the global market for video analytics was valued at USD 5.12 billion in 2021 and is projected to grow at a CAGR of 21.05% over the forecast period to reach USD 20.7 billion by 2028. This is also anticipated to be supported by the fast-increasing number of smartphone subscriptions, which are projected to rise by 45% and total 7.2 billion by the end of the year. Per smartphone, the user is expected to use at least 21GB of data each month by the end of 2024, which is at least four times more than they did in 2018. The market for video analytics is expected to expand due to the rising popularity of online video viewing and the rising need for ad platforms and video intelligence to monitor and track viewer activity across various devices. We are being overrun with data that can be utilized to develop insights about various video activities due to the proliferation of devices such as smartphones and IoT. ![]() The market for global video analytics is booming and expanding rapidly.
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