Global Video Analytics Market By Type (Software and Services), Deployment (On-Premises and Cloud), Application (Incident Detection, Crowd Management, Intrusion Management, Traffic Monitoring, Automatic Number Plate Recognition, Facial Recognition and Others), Vertical (Banking Financial Services and Insurance, City Surveillance, Critical Infrastructure, Education, Hospitality and Entertainment, Manufacturing, Defense and Border Security, Retail and Consumer Goods, Traffic Management, Transportation and Others), Organization Size (Small and Medium Enterprise and Large Enterprise), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Video Analytics Market
Data Bridge Market Research analyses that the video analytics market will exhibit a CAGR of 22.05% for the forecast period of 2021-2028. Rising adoption of analytics solutions by the various end user verticals such as telecommunication, retail and consumer goods, manufacturing, government and defense, energy and utilities, transportation and logistics, and others, surging need for intelligent security surveillance systems and increased adoption of internet of things are the major factors attributable to the growth of video analytics market. The video analytics market value will therefore stand tall by USD 35.01 billion by 2028.
Video analytics analyses the video and detects any specific event, and gathers the data insights. Video analytics incorporates all the analytics tools and solutions that provide advanced security solutions.
Rising awareness about the benefits of video analytics over manual video analysis is creating lucrative growth opportunities for the video analytics market. Rising demand for IP-based security systems by small and medium scale enterprises coupled with surge in volume of unstructured video data will further induce growth in the video analytics market value. Rising adoption of connected devices by medium and small scale enterprises coupled with government initiatives in emerging technologies to enhance public safety infrastructure will also propel growth in the demand for video analytics. Overall growth and expansion of security and surveillance industry will further carve the way for growth of this market.
However, rising privacy and security issues will pose a major challenge to the growth of video analytics market. Also, legacy installations require high investment will further create hindrances for the growth of operational analytics market. Lack of necessary database infrastructure and rise in the number of false alarm alerts will also dampen the market growth rate.
This video analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on operational analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Video Analytics Market Scope and Market Size
The video analytics market is segmented on the basis of type, deployment, application, vertical, and organization size. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the video analytics market is segmented into software and services. The services segment is sub-segmented into managed services and professional services. Professional services segment is further bifurcated into consulting services, deployment and integration, and support and maintenance.
- On the basis of deployment model, the video analytics market is segmented into on-premises and cloud.
- On the basis of application, the video analytics market is segmented into incident detection, crowd management, intrusion management, traffic monitoring, automatic number plate recognition, facial recognition, and others.
- On the basis of vertical, the video analytics market is segmented into banking financial services and insurance, city surveillance, critical infrastructure, education, hospitality and entertainment, manufacturing, defense and border security, retail and consumer goods, traffic management, transportation and others.
- On the basis of organization size, the video analytics market is segmented into on-premises and hosted/ on-cloud.
Global Video Analytics Market Country Level Analysis
The video analytics market is analysed, and market size, volume information is provided by country, type, deployment, application, vertical, and organization size as referenced above.
The countries covered in the video analytics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America holds a prominent share in the global operational analytics market owing to the earliest adoption of advanced technological solutions such as artificial intelligence, big data analytics, and machine learning coupled with significant rise in the demand for effective security and surveillance system. Asia-Pacific on the other hand is projected to score the highest CAGR for the forecast period owing to increasing awareness about video analytics especially in the developing economies.
The country section of the video analytics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Video Analytics Market Share Analysis
The video analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to video analytics market.
The major players covered in the video analytics market report are Panasonic Corporation, SAMSUNG, Teledyne FLIR LLC, Schneider Electric, Honeywell International Inc., IBM, Qognify, Cisco Systems, Inc., BriefCam., Verint., i2V Systems Pvt. Ltd, KiwiSecurity Software GmbH, DELOPT., Gorilla Technology Group, iOmniscient, Senstar Corporation., Genetec Inc., Agent Video Intelligence Ltd., IntelliVision. and Axis Communications AB. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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