The global video analytics market is set to grow fast with a Compound Annual Growth Rate CAGR expected This growth is driven by the increasing demand for IP-based security cameras It marks a new era in smart surveillance and data analysis IP cameras and video analytics together change the security game They make security more accurate and precise They also help detect threats in real-time and save costs Plus they offer valuable business insights and data analysis This change not only boosts security but also opens up new opportunities for businesses It applies to many sectors from finance to manufacturing Key Takeaways Video analytics technology has the potential to revolutionize security across various industries including financial services banking retail manufacturing and airports Leading companies are investing in R amp D to enhance video analytics solutions by incorporating artificial intelligence and machine learning The industry is moving towards AI-based analytics achieving greater accuracy than previous generations of analytics AI-based cameras can distinguish between people and other objects reducing false alarms and identifying unauthorized activity The evolution of video analytics has made it easier for businesses to maximize security solutions leading to reduced false alarms and decreased operational burdens The Rising Importance of Video Analytics in Security Video analytics have evolved a lot since the start of video surveillance nearly years ago Early systems like video motion detection VMD were introduced in the early s They were a big step forward but struggled to tell real motion from false alarms In the... Login to read full