Video Analytics Market by Component (Software and Services), Application (Facial Recognition & Detection, Incident Detection, Perimeter Intrusion Detection, Crowd Detection & Management, Traffic & Parking Management, and Others), Deployment Model (Cloud and On-premises), and Industry Vertical (Transportation, BFSI, Retail, Government, Manufacturing, Energy & Utilities, Critical Infrastructure, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
Video analytics is the process of collecting and extracting information, trends, and insights from video data captured during video surveillance on a real-time basis or of an already captured video. This process offers real-time effective video management and business intelligence applications such as behavior analysis, and provides alerts on the occurrence of strange or abnormal activities. Several industries, such as public sector, manufacturing, retail, and others, have adopted video analytics solution to optimize their business operations through cost-effective and real-time analytics.
Increase in demand for IP-based security systems, growth in concern over public safety & security, and increase in volume of unstructured video data drive the global video analytics market. However, high initial investment cost on systems & infrastructure and rise in number of false alarms & alerts are expected to hinder this video analytics market growth. Need of edge-based analytics and recognizing & profiling applications are expected to provide numerous opportunities for the video analytics market growth in the future.
The global video analytics market is segmented on the basis of component, application, deployment model, industry vertical, and geography. On the basis of component, it is bifurcated into software and services. Based on application, it is classified into facial recognition & detection, incident detection, perimeter intrusion detection, crowd detection & management, traffic & parking management, and others. The deployment model segment includes cloud and on-premises. On the basis of industry vertical, the market is categorized into transportation, BFSI, retail, government, manufacturing, energy & utilities, critical infrastructure, and others. Geographically, it is analyzed across North America, Europe, Asia Pacific, and LAMEA.
The major players operating in the global video analytics market include AllGoVision Technologies Pvt. Ltd., Aventura Technologies, Inc., Axis Communications AB, Cisco Systems, Inc., Honeywell International, Inc., IBM Corporation, Intellivision, PureTech Systems, Inc., Verint Systems, Inc., and Quognify.
KEY BENEFITS FOR STAKEHOLDERS The report provides an extensive analysis of the current trends, future estimations, and dynamics of the global video analytics market. In-depth analysis of the video analytics market is conducted based on market estimations of key segments from 2016 to 2023. Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework. Comprehensive analysis of all regions assists in determining the prevailing opportunities related to video analytics industry across geographies.
By Industry Vertical Transportation BFSI Retail Government Manufacturing Energy & Utilities Critical Infrastructure Others
By Geography North America U.S. Canada Mexico Europe UK Germany France Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific LAMEA Latin America Middle East Africa
Our reports have been used by over 10K customers, including:
The global city surveillance market is expected to register a CAGR of 5% over the forecast period, 2021 - 2026. Growing concerns regarding public safety and security are fueling the adoption of IP cameras and video management systems across the world. Increased investment in smart city projects and reduced IP camera prices, coupled with technological...
In the post-COVID-19 scenario, the global zero trust security market size is projected to grow from USD 19.6 billion in 2020 to USD 51.6 billion by 2026, recording a compound annual growth rate (CAGR) of 17.4% from 2020 to 2026. The market growth is driven by various factors, such as increasing cyber-threats, growing mandates from government...
The Global Video Analytics Market was valued at USD 1528.1 million in 2019, and it is expected to reach USD 4142.7 million by 2025, registering a CAGR of 24.5% during the period of 2020-2025. Analytics has enabled various end-users in the usage of specific data insights into actionable intelligence for numerous functions. The ideas could be...
The Global Threat Intelligence Market is poised to grow at a CAGR of around xx% over the next decade to reach approximately $xx million by 2028. Some of the prominent trends that the market is witnessing include increasing demand for professional and managed security services, high demand for cloud-based threat intelligence...
The Global Cloud Application Security & Vulnerability Management Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2028. Some of the prominent trends that the market is witnessing include 5G and serverless cloud computing, predictive analytics leverages security...
The global threat intelligence market size is projected to grow from USD 10.9 billion in 2020 to USD 16.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period. The increasing venture capital funding and growing investments in threat intelligence to drive market growth. By application, the...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Data Center Physical Security Market Report
The data center physical security market by revenue is expected to grow at a CAGR of 4% during the period 2020–2025.
The global physical security market is expected to witness significant...
The global smart home safety market is expected to register a CAGR of 17.27% during the forcast period 2020-2025. - Smart home safety devices can be connected to Wi-Fi and accessed from anywhere using smart devices, such as smartphones, smartwatches, or voices. The smart home safety market is driven by the increasing crime rates across...
The global hardware wallet market was valued at USD 178.20 million in 2019, and it is expected to be valued at USD 661.23 million by 2025, registering a CAGR of 26.72%, during 2020-2025. Hardware wallets are the physical devices that store private keys for cryptocurrencies offline in an encrypted device. Private keys in these wallets are required...
The global video analytics market grew at a CAGR of around 20% during 2014-2019. Video analytics refers to the computerized monitoring, processing and analysis of video streams in real-time to recognize spatial events. It usually involves software applications, multiple cameras and artificial intelligence (AI)-based...
Artificial Intelligence
Application
Security Systems
Internet Of Things
World
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.