As per this study the Global Video Analytics Market was valued USD XXX MN (by revenue) in 2019 and is anticipated to reach USD XXX MN by 2026 with a CAGR of X.X%.
Video Analytics refers to computerized video footage analysis that identify actions in real time, and provide insight to end-users. Basically, it uses mathematical algorithm to monitor and analyze large video volume. It includes face detection, object detection, motion detection, perimeter intrusion detection, etc. It is used in both public and private sector for people monitoring.
Objectives of the Study:
- Define and measure the global video analytics market
- Revenue forecast of the global video analytics market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
Video analytics market is growing at rapid pace owing to increasing expenditure on development of smart cities by the government. Rising adoption of smart technologies to impart better security is another factor fueling the market growth. Rising crime rates has contributed significantly in product demand. Owing to excellent features such as better accuracy, enhanced reliability and relatively cost-effective is again boosting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of video analytics.
The broad video analytics market has been sub-grouped into type, deployment, application and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Crowd Management
- Facial Recognition
- Intrusion Detection
- License Plate Detection
- Motion Detection
- Critical Infrastructure
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for video analytics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Video Analytics Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the video analytics market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.