Integration with BI Tools a Major Growth Driver in Intelligent Video Analytics Market

Integration with BI Tools a Major Growth Driver in Intelligent Video Analytics Market is a new market research publication announced by Reportstack. It has announced that the Global Intelligent Video Analytics (IVA) Market is posting a CAGR of 34.12 percent from 2013-2018, with greater demand for integration of IVA with business intelligence tools being cited as one of the major growth drivers.

The report indicates that as more organizations implement video surveillance systems, the amount of unstructured data generated is increasing exponentially. This has led to a need for increasingly sophisticated systems to process and analyze the data.

IVA helps end-users automatically detect events of interest and recognize a range of behaviors on a real-time basis, without an operator having to view the video. The technology distinguishes objects in motion based parameters such as size and shape, providing advanced monitoring capabilities for end-users that help them conduct highly sophisticated video surveillance.

Research from Reportstack has identified the following factors as major market growth drivers:

Increasing Generation of Unstructured Video Data

Increasing Security Concerns
Increasing Demand for IVA with Business Intelligence (BI) Tools

“When operational data is integrated with BI features, companies can generate profits by identifying and implementing profitable projects, increase sales by applying fact-based selling tools, enhance customer loyalty, and retain customers by optimizing customer experience management,”.

“Organizations can use IVA solutions combined with BI tools to predict the future behavior of potential and existing customers, which is a major driver for the growth of the market over the forecast period.”

Key Market Vendors Include:

Agent Video Intelligence Inc.

Axis Communications AB
Honeywell International Inc.
Robert Bosch GmbH

The report also delves into trends and challenges that could impact market growth over the projected period.

To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

To view the table of contents and know more details please visit Integration with BI Tools a Major Growth Driver in Intelligent Video Analytics Market.