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.