Video Analytics Market Report 2019 Foresees the Market to reach USD 15 BN by 2026
Posted On December 03, 2020
The report by Value Market Research on the Global Video Analytics Market anticipates the market growth to reach CAGR of 19.50% during 2020-2026. The market was valued close to USD 4.3 BN in 2019 and is expected to reach USD 15 BN by 2026. Video analytics is computerized processing and analysis of digital video signals generated and collected in a video surveillance system. The increasing concerns regarding public safety and rising crime rates worldwide will be the main motivating factors for this market's growth. The growing demand for real-time processing of videos in a wide range of domains, including entertainment, healthcare, retail, automotive, transport, airports, home automation, flame, smoke detection, etc., will benefit market growth. Constant development of new video management software, government initiatives to enhance public safety infrastructure, and reduced video surveillance equipment cost will boost the market growth. The flourishing market for smart cities and Business Analytics will add a new dimension to this market's growth. The main hindrance faced by this market is the limited accuracy of the analytics software.
Video analytics is a technology that processes a digital video signal using a unique algorithm to perform a security-related function. Video analytics solutions can capture and identify various types of content, events, facial recognition, including motion detection, crowd and vehicle counting, traffic and queue detection, heatmap and dwell time in shopping aisles, and more. Video analytics is being touted as a solution to provide security to critical infrastructures with a powerful means of identifying and detecting intruders, tracking people or objects, and producing an alarm on different types of behavior. Integrating analytics tools into a surveillance system can make it more intelligent and useful. Numerous video analytic features are being developed, and they can track various actions.
The report “Global Video Analytics Market Report By Type (Software And Service), By Deployment (Cloud And On-Premise), By Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Detection, Motion Detection And Others), By End-Use (BFSI, City, Critical Infrastructure, Education, Government, Retail, Transportation And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" covers the market introduction, key market statistics followed by in-depth regional revenue/or volume analysis. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
On the basis of type the market is segmented into Software, Service. By deployment the video analytics market is categorised as Cloud, On-Premise. By application the video analytics market is categorised as Crowd Management, Facial Recognition, Intrusion Detection, License Plate Detection, Motion Detection, Others. Based on end-use the video analytics market is segmented as BFSI, City, Critical Infrastructure, Education, Government, Retail, Transportation, Others. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the regions covered in the report. This geographical section of the report highlights the share of the revenue/volume spread globally.
The Report Segments Global Video Analytics Market -
- Crowd Management
- Facial Recognition
- Intrusion Detection
- License Plate Detection
- Motion Detection
- Critical Infrastructure
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Agent Video Intelligence Ltd., AllGoVision Technologies Pvt. Ltd, Aventura Technologies Inc., Axis Communications AB, Bosch Security Systems GmbH, Cisco Systems Inc., Genetec Inc., Honeywell International Inc., i2v Systems Pvt. Ltd. and IBM Corporation.
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