Global Intelligent Video Analytics Market 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The “The Global Market for Intelligent Video Analytics 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
What will be the Impact of Artificial Intelligence on Video Surveillance & Analytics?
Why Do You Need This Report?What is the market worth now? The researchers have defined AI Video Analytics as a solution that is running deep learning algorithms on a platform that is most likely to be built on a GPU chip architecture. These solutions are very much in their embryonic stage and the researchers best estimate is that global sales of AI Video Analytic solutions in 2017 was only around $115 million, much of this being installed in China on Safe City projects. Video Surveillance systems generate vast amounts of data that is sadly not being utilized properly. There is huge potential to maximize the value of this data by converting it from dumb to actionable. The material is already out there just waiting to be mined. New chip architectures combined with AI video analytics software when put to work on these gargantuan volumes of data should improve the security, safety, and performance of people, buildings and the business enterprise and at the same time provide a major boost to the Video Surveillance Ecosystem. Current law enforcement systems are increasingly unable to cope with the sheer volume of surveillance material captured and stored every day. This is only set to rise, with the population of video cameras increasing by at least 12% per year. These video streams will only ever be useful if processes to search and analyze the mountain of data keep pace. As it stands today vital information is missed because the vast majority of the video is simply never viewed.
The researchers have identified some 128 companies that are currently active in the supply chain for AI Video Analytics. New companies are being added to this list almost daily and the researchers cannot claim that the researcher’s list is fully comprehensive. Nvidia has emerged as the early leader in AI chips and is particularly strong in video analytics. Nvidia’s edge is that its PC gaming processors (GPUs) can be scaled up to handle AI software, thanks to their parallel processing circuitry which can handle complex multiple tasks.
China has publically announced its government strategy to dominate AI technology. Its Internet giants like Baidu, Alibaba Group Holdings and Tencent Holdings are pouring money into AI research. China produces around 40% of the world’s video cameras and consequently will generate massive amounts of raw data to train AI systems in how to make predictions. There is a good reason to think China will make breakthroughs in developing computer algorithms for video applications.
Key Topics Covered:
2. AI Technology and its impact on Intelligent Video Analytics Solutions
3. Market Size of Video Surveillance Systems & VMS Software
4. Market Size of Video Analytic Software & Transition to AI Video Analytics Software
5. Assessing the Supply Side & Competitive Landscape
6. Evaluating the Demand & Supply Side Challenges
7. Channels of Distribution for AI Video Analytic Solutions
8. Funding - Investment & Intellectual Property in the Race for AI Technology
9. Venture Capital is Investing Enormous Funds in AI
10. Mergers & Acquisitions - Strategic AlliancesFor more information about this report visit https://www.researchandmarkets.com/research/rpnzxw/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005550/en/
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SOURCE: Research and Markets
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PUB: 09/11/2018 10:53 AM/DISC: 09/11/2018 10:53 AM