According to the latest market report on Intelligent Video Analytics (IVA) market by Industry Research Biz, the IVA market stands significantly impacted by COVID-19.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 200 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Intelligent Video Analytics (IVA) market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
According to the report, the major players in the IVA market include IBM, Cisco Systems, Inc.; Robert Bosch GmbH; Axis Communications AB; Siemens; Honeywell International, Inc.; Panasonic; Verint Systems; Avigilon; Agent Video Intelligence, Inc.; Objectvideo, Inc.; Advantech; Infinova; Qognify; PureTech Systems; IntelliVision; and VCA Technology.
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Camera-based Systems and Server-based Systems.
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including the BFSI Sector, Government and Public Sector, Industrial Sector, Retail Sector, Transport and Logistics Sector, and others.