Video Analytics Market Analysis Report by Size, Share, Growth and Revenue Forecast
The global Video Analytics Market size is projected to grow from USD 7.1 billion in 2022 to USD 20.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.4% during the forecast period, according to a new report by MarketsandMarkets™.
The growth of the video analytics market can be attributed to government initiatives in adopting emerging technologies to enhance public safety infrastructure. Moreover, the significant drop in crime rate due to surveillance cameras fuels the growth of the video analytics market.
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