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
About deep learning, neural networks and face recognition
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.
From harmful substances and chronic occupational diseases to injuries and even fatalities, a manufacturing plant is, no doubt, one of the most dangerous areas for its employees’ health and wellbeing. According to the ILO’s estimations, 2.3 million women and men around the world succumb to work-related accidents or diseases every year; this corresponds to over 6000 deaths every single day. Worldwide, there are around 340 million occupational accidents and 160 million victims of work-related illnesses annually.