Market Research Report on Microgrid Controller: Insights on Connectivity, Offering, Vertical, and Regional Analysis
The video analytics market is poised to grow from USD 8.3 billion in 2023 to USD 22.6 billion by 2028, with a CAGR of 22.3%. Increasing adoption of video analytics software and services, driven by advancements in intelligent cameras and deep learning, is fueling market growth. Video analytics automates analysis, alerts authorities during emergencies, and offers multiple features like intrusion detection and crowd counting. Its edge-based architecture, coupled with intelligent cameras, reduces latency, while niche applications like aggression detection supplement regular functionalities. Various sectors, including critical infrastructure, government & defense, and transportation & logistics, are embracing video analytics for enhanced security. Investments in infrastructure modernization, such as smart city projects, further drive adoption of video analytics solutions.