Following decades of slow market penetration and
setbacks, the Intelligent Video Surveillance, ISR Analytics and Video Analytics
industry is forecasted to experience decades of rapid growth. In the past year,
intelligent video surveillance, ISR and video analytics with mature technology
have attracted a lot of attention. The
technology, which automatically identifies people and objects in video content,
has matured to the point of practicality and is now winning business adoption, according
to another report from technology research firm ABI.
The Intelligent Video Surveillance, ISR & Video
Analytics: Technologies & Global Market – 2013-2020 report indicates that
the global Intelligent Video Surveillance (IVS), Intelligence, Surveillance
& Reconnaissance (ISR) and Video Analytics (VA) industry revenues* totalled
$13.5 billion in 2012, and are expected to grow at 13.8% CAGR from 2012 to 2020.
Features like motion detection and camera tamper,
embedded in surveillance devices and offered as free by manufacturers, will be
increasingly joined by applications for more sophisticated video content
analysis (VCA). There are also technology improvements such as (fewer) false
alarms, searchable analytics and increasing processing power.
Examples of applications of video analytics include
recognising human faces in speeding cars, people counting, identifying customer
traffic patterns, assessing customer dwell times at different areas of a shop, analysing
the length of queue lines etc.
The rapid market growth is driven by:Technology
maturity, Increased use of video surveillance due to high processing rate of
video surveillance compared to human operators who entail high cost and have a high
rate of overlooked events, Migration from analog to digital and IP-based
cameras, Cost reduction of video analytic systems and Improved cost-performance
of new edge-based video analytics DSP technologies.Sources:
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