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Although the maritime industry was not among the earliest adopters of analytics-based solutions, high level of adoption in the commercial segment has been one of the major drivers for the growth of the study market.
The benefits of data analytics extend from predicting and scheduling maintenance, pricing insights, design optimization, operation management, increased probability in identification in illegal movements etc.
Evolution in technology aids data sensing, connection, and exchange with a central console in real-time, transmitting data ashore, and the use of AI enhanced tools to develop an in-depth understanding of sea vessel assets and machinery have created support platforms for fleet managers, hence, creating an opportunity for the market studied to grow.
Scope of the Report Maritime data analytics is the term given to collecting, analyzing, and disseminating information on shipping activities. The core of the data is the ship specification, commercial operation, ownership, and movements. Key Market Trends Commercial Industry to Hold Major Share The commercial users have benefitted by the increasing applications and developments of advanced sensor technology, which aids data generation related to the engine, fuel, traffic, cargo, weather, etc.
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Horiuchi and K. Yamamoto, Science and Technology of Welding and Joining , vol. Ghatak and PS Robi, Trans. Indian Inst. API publications, Google Scholar With rapid developments in cloud computing and video surveillance software, the surveillance market has transformed, in comparison to the previous decade. VSaaS has been increasing over the recent years, owing to the market penetration of IP camera sales.
Significant factors, such as IT cost containment by major IT organizations, the emergence of data centers, and improving functionalities associated with centralized data, are aiding the VSaaS segment.
The growth of the video surveillance market is expected to be fueled by the introduction of new IP-based digital technologies, to detect and prevent undesirable behaviors, such as shoplifting, thefts, vandalism, and terror attacks. Scope of the Report Video surveillance systems are a group of one or more video cameras on a network that sends the information of the captured video or audio over to a certain place.
This information or the captured images are live monitored or sent a central location for storage and recording. This report segments the market based on type, end-user industry and geography.
Key Market Trends Commercial sector is Expected to Hold the Largest Market Share in the Forecast Period In the recent years, the demand for video surveillance in the commercial segment has increased substantially.