Video analytics market predicted to hit $20.3 billion by 2027

April 3, 2023 ⚊ 1 Min read ⚊ Views 39 ⚊ NEWS

The latest information from research firm, Marketsandmarkets, shows that the global video analytics market is projected to grow from USD 7.1 billion in 2022 to USD 20.3 billion by 2027, at a compound annual growth rate of 23.4% during the forecast period. The growth of the video analytics market, according to the analysts, can be attributed to government initiatives in adopting emerging technologies to enhance public safety infrastructure. Moreover, a significant drop in crime rate due to surveillance cameras is fuelling the growth of the video analytics market.

Read details: https://www.securityworldmarket.com/na/News/Business-News/video-analytics-market-predicted-to-hit-203-billion-by-20271

Tags: Video Analytics Market

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