As per this study the Global Video Analytics Market was valued USD 6.32 MN (by revenue) in 2021 and is anticipated to reach USD 29.8 MN by 2028 with a CAGR of 24.8%.
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
Market Dynamics
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.
Market Segmentation
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.
By Type
By Deployment
By Application
- Crowd Management
- Facial Recognition
- Intrusion Detection
- License Plate Detection
- Motion Detection
- Others
By End-Use
- BFSI
- City
- Critical Infrastructure
- Education
- Government
- Retail
- Transportation
- Others
Regional Analysis
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.
Global Video Analytics Market Share by Region (Representative Graph)
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.
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