Report: the US is the major market for Video Analytics, ISR, Intelligent Video Surveillance & Object Recognition

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By the end of 2014, the North America & Latin America markets for Object Recognition, Video Analytics, Intelligent Video Surveillance & ISR products and services will command 47% of the global market. The U.S. alone commands 36% of the global market, making it the world’s largest market.

According to HSRC’s latest report, Video Analytics, ISR, Intelligent Video Surveillance & Object Recognition & Americas Market-2015-2020, the U.S. and the rest of American national markets are expected to exceed $36.5 B in revenues accumulated between 2015 & 2020 and at a CAGR of 9.2%

The report points out five unique core fundamentals that characterize the U.S. industry and market which contribute to making it the world’s leading & largest. They are as follows:

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The U.S. defense sector invested over the recent decade billions on RDT&E (e.g. DARPA) to equip the nation’s intelligence community and the defense forces with cutting-edge surveillance technologies.

U.S. conglomerates (e.g. Google, Amazon, IBM, Cisco, Microsoft) lead the world in non-military video analytics based products & markets.

The country’s massive investments in Homeland Security, Public Safety, residential and private sector smart-imaging based security.

U.S. universities and high tech industry are the world’s powerhouses of IVS, ISR, OR and VA based product innovation, development and short time-to-market (e.g. Advanced Object Recognition algorithms commercialized by Amazon, Google).

U.S. consumers are technophiles leading the global early adoption for products and technologies such as: machine vision embedded games, automotive accident aversion cars and mobile devices object recognition based e-commerce.