Artificial Intelligence (AI) in the global Healthcare Market size exceeded $4.2 billion in 2020 and is expected to grow by 33.7% CAGR between 2021 and 2027, reaching $34.5 billion by the end of the period. According to Gartner's Hype Cycle for Healthcare Providers, the technology is at the peak of inflationary expectations.
About deep learning, neural networks and face recognition
Video analytics is software based on artificial intelligence. It detects and recognizes faces and other objects in a video stream and extracts various types of data from these streams. The global video analytics market is currently valued at $5.9 billion and is expected to reach $14.9 billion by 2026, according to MarketsandMarkets
Based on the analysis of 2,457 queries for video analytics software from public sector and business customers in 2021, NtechLab found out that business is significantly ahead in terms of number of queries. However, most real deployments take place in the public sector.