Video Analytics in Retail to Reach $3.7 Billion

Business Intelligence designated as main driver for video analytics in retail segment.
 
MONGKOK, Hong Kong - Dec. 10, 2019 - PRLog -- According to BitRefine group's market research current global video analytics market size is valued at $4,100 million in 2019 and projected to keep growing at CAGR of at least 20% for the next five years. The retail sector is expected to dominate general video analytics market size. The growth of this particular sector is mainly attributed to the rise in requirement of business intelligence and insights, which includes consumer behavior, pattern of product selection, customer engagement, queue management, store optimization.

BitRefine estimates global video analytics market to reach $15,100 million by 2025 and retail video analytics segment – to reach $3,700 million.

BitRefine hopes to meet rising demand for regular and deep learning video analytics by adopting its multi-purpose video recognition platform BitRefine Heads to the needs of retailers. Typical tasks that video analytics solves today are various visitors counters and heat maps. Emerging scope of deep learning based detectors include loss prevention, personalized advertisement, shopper action recognition, automated retail shelf analytics, personnel tracking. BitRefine Heads platform aims to serve as a universal tool that can solve all above mentioned tasks.

To get more details, please, contact Alex Ganin at alexganin73@bitrefine.group or send inquiry via product's webpage: retail video analytics (https://heads.bitrefine.group/use-cases/people-recognitio...). (https://heads.bitrefine.group/use-cases/people-recognition/117-people-recognition/292-retail-video-analytics)

Contact
Alex Ganin
***@bitrefine.group
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Tags:Retail
Industry:Retail
Location:Mongkok - Kowloon - Hong Kong
Subject:Reports
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