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Follow on Google News |  Integration with BI a Major Growth Driver in Intelligent Video Analytics Market: TechNavio ReserchThe need to organize and analyse a vast amount of unstructured data is leading organizations to implement video analytics.
By: TechNavio 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 TechNavio 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.” The TechNavio 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, TechNavio 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. If you are interested in more information on this topic and our upcoming research on the Intelligent Video Analytics Market (http://www.technavio.com/ About TechNavio TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries. We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario. TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. Our large and growing base of happy customers include technology suppliers, end users, consulting companies, investment firms, research institutes and media worldwide. Follow us on Twitter @TechNavio Like us on Facebook Follow us on LinkedIn Connect with us on Google+ End
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