Cognitec rolls out video analytics product with face recognition

Surpassing traditional video surveillance systems, FaceVACS-VideoScan detects people’s faces in live video streams or video footage and stores anonymous information for each appearance in front of a camera. Analysis of this information over time allows the software to compute people count, demographical information, people movement in time and space, and to detect frequent visitors and crowds.

For example, operators can receive an alarm if too many people gather in a specific area and measure waiting times to direct traffic. The analysis of traffic patterns and demographical statistics over long periods of time can provide businesses with precise visitor data to make interior design, advertising placement, staffing and other operational decisions.

Since the technology can analyze a face for gender, age and ethnicity as people approach a camera, it can trigger the display of a targeted message on a digital sign or other advertising/message devices.

On the other hand, Cognitec’s premier face recognition technology allows for real-time comparison of faces to image databases to instantly find known individuals. Businesses and organizations can detect and prevent unwanted behavior in much faster and more efficient ways, as security staff can track individuals online, or receive alerts on mobile devices to act within the immediate vicinity of a suspect. In addition, real-time identification of authorized individuals or high-ranking customers can prompt access to restricted areas or alert personnel to provide special treatment.

Cognitec is presenting the technology next at Digital Signage Expo in Las Vegas and Retail Business Technology Expo in London.

Intelligent video markets market set to grow at over 31% CAGR

According to a market research report titled Global Intelligent Video Analytics Market 2012-2016 report from TechNavio, the market is poised to grow at a CAGR of 31.4 percent over the period 2012-2016.

One of the key factors contributing to this market growth is the need for  advanced video monitoring capabilities. The global intelligent video analytics market has also been witnessing the increasing use of intelligent video analytics for market analysis. However, the high cost of implementation could pose a challenge to the growth of this market.

The research report from TechNavio covers the Americas, and the EMEA and APAC regions; it also covers the Global Intelligent Video  Analytics market landscape and its growth prospects in the coming years.       The report also includes a discussion of the key vendors operating in this market including companies like Agent Video       Intelligence Inc., Axis Communications AB, Honeywell Security Group, and       Robert Bosch GmbH.

The other vendors featured in the report are ObjectVideo Inc., VideoIQ  Inc., Intellivision Inc., Cisco Systems Inc., Synesis, Cernium Corp.,       Genetec Inc., Pelco Inc., United Technologies Corp., March Networks Corp., and Nice Systems Inc.

Global military video analytics and back-end systems market will reach $3.73bn: Visiongain

Visiongain has determined that the value of the global military video analytics and back-end systems market in 2013 will reach $3.73bn in its latest report titled  Global military video analytics and back-end systems market 2013-2023- processing, exploitation and dissemination (PED) of FMV from UAVs.

“Armed forces worldwide realise the value of timely, accurate and useful video data in military operations. In recent years, there has been an explosion in the collection of video from surveillance platforms, especially with unmanned systems. However, human analysts have strained to keep up with such vast amounts of video data and armed forces worldwide are turning to technological tools to cope with the deluge of video data. It is expected that there will be significant spending in the processing, exploitation and dissemination (PED) of video data, which will however be tempered by current budgetary concerns and its prioritisation in the post-Afghanistan defence spending environment,” said the analyst who formulated the report.

For more details on the report, visit the company website.