Video Analytics Market Future Demand and Scope Analysis
Sheetal2301 Dec, 2023Technology
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 (CAGR) of 23.4% during the forecast period. 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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