Video Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Video Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • April 2021 •
  • 148 pages •
  • Report ID: 5981384 •
  • Format: PDF

Market Overview:
The global video analytics market exhibited growth during 2015-2020.


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 programs that obtain insights about attributes, events and human behavioral patterns through videos. These insights are used for surveillance, motion and intrusion detection, generating heat maps and observing traffic patterns on social media platforms. They are also used for dynamic blurring, 2D and 3D counting, facial recognition and license plate reading. As a result, video analytics finds extensive applications across various industries, such as banking, financial services and insurance (BFSI), retail, critical infrastructure, traffic management, and transportation & logistics.

Global Video Analytics Market Trends and Drivers:
Significant improvements in public surveillance and security systems are among the key factors driving the growth of the market. Video analytics aid in improving public and perimeter safety by automatically tracking and gaining reliable insights from video frames of vehicles, individuals and other items, thus reducing the chances of human errors or negligence in gaining novel perceptions. Furthermore, the widespread adoption of internet protocol (IP)-based surveillance systems for business intelligence (BI) is also supporting the market growth. For instance, video analytics is used in the retail sector for strolling recognition, footfall measurement and consumer behavior analysis, which aids in improving the overall production, distribution and maintenance processes. Additionally, various technological advancements, such as the utilization of the Internet of Things (IoT), AI and machine learning (ML) systems, are acting as other growth-inducing factors. Video analytics processes the data using algorithms for accurate, reliable and critical insights and enables the organizations to make prompt and accurate decisions. This is creating a positive outlook for the market further. Looking forward, the analyst expects the global video analytics market to grow at a CAGR of 22% during 2021-2026

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global video analytics market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, deployment type, application, architecture type, organization size and end user.

Breakup by Component:
Software
Services

Breakup by Deployment Type:
On-Premises
Cloud

Breakup by Application:
Incident Detection
Intrusion Management
People/Crowd Counting
Traffic Monitoring
Automatic Number Plate Recognition
Facial Recognition
Others

Breakup by Architecture Type:
Edge-Based
Server-Based

Breakup by Organization Size:
Small and Medium Enterprise
Large Enterprise

Breakup by End User:
BFSI
Retail
Critical Infrastructure
Traffic Management
Transportation and Logistics
Hospitality and Entertainment
Defense and Security
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Agent Video Intelligence Ltd., AllGoVision Technologies Pvt. Ltd., Aventura Technologies, Inc., Avigilon Corporation (Motorola Solutions), Axis Communications AB (Canon Inc.), Cisco Systems Inc., Gorilla Technology Inc. (Gorilla Science & Technology Holding, Inc.), Honeywell International Inc., IBM, IntelliVision Technologies Corp. (Nortek Security & Control LLC), Intelligent Security Systems Corporation, KiwiSecurity Software GmbH, PureTech Systems Inc. (FLIR Systems), Qognify Inc. and Verint Systems Inc.

Key Questions Answered in This Report:
How has the global video analytics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global video analytics market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the architecture type?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global video analytics market and who are the key players?
What is the degree of competition in the industry?