The new report recognizes the following companies as the key players in Global Intelligent Video Analytics Market: Agent Video Intelligence Inc., Axis Communications AB, Honeywell International Inc., Robert Bosch GmbH, Cisco Systems Inc., IBM Corp., Infinova Corp., Intellivision Inc., Nice Systems Ltd., ObjectVideo Inc., Verint Systems Inc., VideoIQ Inc.
Commenting on the report, an analyst team said: “IVA solutions help companies to conduct highly sophisticated surveillance. IVA supports the security personnel of the end-user companies to identify imminent danger by helping them analyze video files more efficiently. IVA incorporates advanced technologies that enable numerous significant video monitoring functions in the video surveillance process. Advanced motion detection is one of those functions; moreover, through IVA, it can be adjusted to suit different sensitivity levels. IVA solutions also include an object detection functionality, which differentiates different objects and constantly monitors them. All these technological advancements, which are because of constant innovation, will fuel the growth of the IVA market during the forecast period.”
According to the report, one of the major drivers in this market is the increased generation of unstructured video data. Video surveillance has become a necessity for various applications across various end-user segments. This has increased the demand for IVA solutions, which helps companies generate meaningful insights from raw videos.