Capturing data from video is a growing application within the Internet of Things (IoT). Video asset management and big data analytics software are enhancing the inherent benefits of high-quality IP cameras. As a result, the video surveillance market is experiencing a significant transformation. ABI Research forecasts global value-added services market revenues will reach $10 billion by 2021. Data and analytics services, as well as device and application platform services, show the strongest revenue growth within the non-consumer video surveillance market. "With hardware revenue margins destined to decline, many industry players are adopting a more service-oriented approach to find new revenue opportunities," said Eugenio Pasqua, research analyst at ABI Research . "The intersection of video surveillance and IoT opens the doors to a whole new set of players." Big Data Analytics and Cognitive Demand Enterprises can derive valuable insights from the data generat...
TMT Market Research and Analysis