Video Analytics Market Worth $20.3 Billion By 2027, Growing At A Cagr Of 23.4% Report By Marketsandmarkets™

The global Video Analytics Market size is expected to grow from USD 7.1 billion in 2022 to USD 20.3 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 23.4%. The growing need among enterprises to leverage BI and actionable insights for advanced operations is expected to drive market growth in the coming years. By Component, the software segment is estimated to account for a larger market share in 2022, while by Type, the Edge-based segment is expected to grow at a higher CAGR during the forecast period.