MENAFN.com is reporting an expected 20% growth in the video analytics market by 2023 based on market analysis by Transparency Market Research.
"The report states that the increase in installations of IP cameras and the demand for high-definition and advanced cameras with better video quality are driving the demand from the global video analytics market. The rapid expansion of the retail sector and deployment of video analytics therein have further augmented the growth of the market. During the forecast period, the demand for both replacement and new software products is expected to boost the growth of the market." reports MENAFN.com article here
Bosch and other manufacturers have been adding new and imporved analytics rules to their offerings, many of which are geared toward retail. Options such as people counting and heat map (traffic) overlays help retailers understand who's coming in, where they're going, and what paths they take once inside the business.
Learn about the various video analytics rules available from Bosch here.
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