Albany, NY -- (SBWIRE) -- 03/02/2016 -- According to a new market report published by Transparency Market Research entitled, "Video Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023," the global video analytics market was worth US$ 1,709.0 Mn in 2014 and is expected to reach US$ 9,151.2 Mn by 2023, expanding at a CAGR of 20.6% from 2015 to 2023. North America was the largest market for video analytics in 2014. Growth in this region is expected to be driven by increasing need for the security of property and individuals resulting in an increased demand for physical security systems.
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