In recent years, the demand for security and non-security applications in the video analytics arena has increased due to disruptive and innovative technologies such as artificial intelligence (AI), cloud computing and edge computing. According to a report by MarketsandMarkets Research, the global video analytics market is projected to increase from $7.1 billion in 2022 to $20.3 billion by 2027, with a compound annual growth rate (CAGR) of 23.4 percent. Security professionals have identified human and vehicle tailgating, perimeter protection, crowd monitoring and behavioral insight as some of the top use cases for AI-based analytics. AI-based analytics are becoming more commonplace across a variety of end-user markets and are helping to mitigate false positives.
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