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Video is ubiquitous. Therefore, utilising the information extracted from videos is practically intelligent.<br><br>Not only are OTT players benefitting; it also helps governments and other agencies to solve many practical problems in real-time.<br><br>Video analytics being one of the most sought after IT services and Sphinx Worldbiz delivers.<br><br> <br>To know more about our Video Technology services visit our website: https://sphinxworldbiz.net/video-technology/
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VIDEO TECHNOLOGY THE PRESENT & THE FUTURE APPLICATION POSSIBILITIES: APPLICATION POSSIBILITIES: SKY IS THE LIMIT SKY IS THE LIMIT Crowd Management Intrusion Detection Facial Recognition Video Vehicle Pass Management System (VPMS) Motion Detection Management System (VMS) License Plate Recognition (LPR) Driver Match Management System (DMS) Optical Character Recognition (OCR) VIDEO TECHNOLOGY: VIDEO TECHNOLOGY: FUTURE FUTURE Key trends indicate a boost in the adoption of SMART CITIES, globally. Video analytics market expected to grow from USD 3.23 billion 3.23 billion in 2018 2018 to USD 8.55 bill 8.55 billion 2023 2023, at a CAGR of 21.5% ion by 21.5%. . - MarketsandMarkets Research FACTORS DRIVING THE FACTORS DRIVING THE ADOPTION OF VIDEO ANALYTICS ADOPTION OF VIDEO ANALYTICS Decreasing prices of video surveillance equipment. Increasing demand for actionable insights from available video data. Limitations of manual video analysis. Government supported enhanced public safety infrastructure. - MarketsandMarkets Research BY DEVELOPMENT BY DEVELOPMENT CLOUD is expected to be the most lucrative segments with highest CAGR- 24.10% 24.10% in 2018 2018- -2025 2025. BY APPLICATION BY APPLICATION BFSI is expected to exhibit highest CAGR- 23.10% in 2018 2018- -2025 2025. 23.10% BY REGION BY REGION APAC to exhibit highest CAGR- 24.50% 24.50% in 2018 2018- -2025. 2025. - Allied Market Research