Dublin, May 08, 2023 (GLOBE NEWSWIRE) -- The "3D Surveillance Software Market by Application, Deployment: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global 3D surveillance software market is anticipated to reach $211.5 million by 2031, growing from $110.6 million in 2021, at a CAGR of 7.0% from 2022 to 2031.
Key Market Players
- Hexagon
- Surveill 3D
- Cambridge Pixel Ltd.
- Tacticware Resource Group LLC
- mirasys
- dallmeier electronic
- northern digital inc. (ndi)
- Noitom Ltd
- optitrack
- Vicon Motion Systems Ltd.
Digital surveillance systems such as 3D surveillance software are gaining significant popularity across the world. 3D surveillance software is making analog technology obsolete.
Key factors driving the growth of the 3D surveillance software market include rise in popularity of artificial intelligence (AI) as well as the massive demand for 3D software for real-time animation. The 3D surveillance software market is anticipated to grow in the future owing to an increase in the adoption of artificial intelligence (AI).
Camera tracking, simulation, motion capture, character animation, image processing, rotoscoping, and compositing utilize surveillance technologies. Several attributes such as device mapping, live video, and live asset tracking have been generated using 3D surveillance software.
Additionally in the defence industry, the deployment of 3D surveillance software can protect the country's border at all stages of the day and night, in all weather conditions, by automatically delivering notification and alarm in the event of a security breach. During the forecast period, these factors are expected to create numerous potential possibilities in the 3D surveillance software market.
3D surveillance software system uses sensor fusion technology based on thermal imaging, LiDAR, artificial intelligence, and edge computing that can efficiently detect physical changes in space. 3D surveillance software can be customized by geofencing the zones that need protection and this software can detect authorized or unauthorized activity with efficient technology.
This software can identify the difference between still & moving objects as well as between people & animals, rain, trees, and others. These factors are projected to boost the 3D surveillance software market size during the forecast period.
The growing popularity of the 3D surveillance software market owing to its use in buildings, transportation, real estate, and other sectors is anticipated to drive the software demand. In the buildings sector, the use of traditional security systems focuses on the moment of intrusion.
For instance, if someone breaks the barrier, an alarm is triggered. However, these traditional systems fail to detect the position of an intruder. Owing to this, animals or even drifting leaves or bad weather conditions can lead to faulty alarms. To overcome such limitations, 3D surveillance software is used that can effectively determine the intruder's location and moment at any given point of time. With the help of AI, this software can also distinguish between threat and non-threat. These factors are anticipated to drive the 3D surveillance software market growth during the forecast timeframe.
However, the shortage of effective system operators owing to insufficient training is a restraint that is anticipated to impede market expansion. Concerns about the time required for 3D software modeling and rendering as well as a lack of a properly built technological infrastructure are anticipated to restrain the market expansion for 3D surveillance software during the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the 3d surveillance software market analysis from 2021 to 2031 to identify the prevailing 3d surveillance software market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the 3d surveillance software market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global 3d surveillance software market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Commercial
- Industrial
- Residential
By Deployment
- On-Premise
- Cloud Based
For more information about this report visit https://www.researchandmarkets.com/r/8k8j3h
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