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Metaverse Market Gain Impetus due to the Growing Demand over 2030
Metaverse Market Research-2030
It is expected that the Metaverse Market will experience 105,597.5 million by 2030 and will register a CAGR of 45.2% from 2024 to 2030. This is a simulated digital environment with augmented reality and virtual reality, mixed reality, blockchain, and others for a better user experience. The increasing gaming need in people increased during the pandemic due to lockdown and pause in movement orders. The rising investment in e-commerce and retail will propel market growth in the future. Lack of awareness, security concerns, and increasing cyber-attacks are the restraining factors and will hinder market growth.
Market segmentation
The Metaverse market has been segmented into component, platform, technology, application, and end-user. Based on the component, the market is divided into hardware and software. The software market will dominate the market in the forecast period due to leading market players' development of advanced software and platforms.
Video Content Analytics Market Set to Grow with CAGR of 21.71%: Applications, Regional Analysis, Key Players
Video Content Analytics Market Overview:
Market overview
The Video Content Analytics Market is predicted to increase its market growth by USD 3.34 Billion for the year 2018. In the forecast year of 2030, the global market has expectations to meet at USD 12.87 Billion. This is considered that the global market has predicted to meet at 21.71% CAGR in the forecast period of 2019 to 2030. The Content Analytics Industry is offering video content analytics (VCA) for better situation awareness, such as safety, security, flame, and smoke detection. In the security industry, video content analytics is used widely as it has VDO analyzing capability.
Various sectors like residential, industrial, infrastructure, institutional and commercial are adopting video content analytics (VCA) in their applications, which is driving the Content Analytics Industry’s growth. Advanced video analytics consists of dashboard visualization, video investigations, near real-time, and forensic video analysis to secure the public and private facilities and help law enforcement. The Video Content Analytics Industry is offering various applications to its users, such as automatic number plate recognition (ANPR), intrusion, crowd or traffic management, facial recognition, and incident or motion or intrusion detection.
The video content analytics Software market is increasing its growth due to the incorporation of various software like operations, enhancing safety, security, and detection software or recognition software with the advantages of VCA technology. Moreover, the Video Content Analytics Market is increasing popularity due to the increasing security concern among the people. The global market has potential opportunities because of the COVID-19 compliance and business safety. Further, the global market might experience restraints due to the lack of awareness, high cost, and privacy issues.
