Global Video Analytics Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Video Analytics Market” is an upcoming report by MarketResearch.biz. Extensive primary and secondary research efforts are conducted to arrive at intelligent research findings and conclusions. In the report, data and information on the global video analytics market such as market drivers, restraints, competitive landscape, details on key players, market trends, recent developments, revenue opportunities, and market growth opportunities are included. Before we include it in the report, conclusions and findings are verified by experts from the industry. The report is segmented on the basis of type, deployment, application, end-use, and regions and countries.
Video analytics is an automatic analysis and computerized process of video content generated, collected, or monitored during video surveillance. Video data is produced through video surveillance and social media and sites. This also requires lots of storage space. Video analytical services are especially needed in different industries such as financial services, banking, airports, retail, manufacturing, and many others.
Growing concerns about security and safety of the public is the key factor projected to drive growth of the global video analytics market over the forecast period. Moreover, increasing application of video analytics to reduce crime rates through alerts about unusual and suspicious activities is a major factor driving market growth. Demand for video analytics services has been increasing due to various additional features including enhanced reliability, improved accuracy, and cost-effectiveness. Increasing significance of video analytics in business intelligence is also expected to further drive growth of the market over the forecast period. Video analytics solutions are used to gain insights on behavior of people, frequency of footfall, and traffic movement at a user-defined area. Video surveillance has a major role to play in carrying out different safety-related operations. Private and public surveillance systems help to reduce crimes and safeguarding public and private areas. Demand for video analytics has been increasing as video recording is an integral tool and it can be used as evidence in law procedures. Continuous research and development and technological advancements are expected to create growth opportunities for key players in the market.
Global Video Analytics Market Segment Analysis:
By Type: Among the type segments, software segment is projected to account for highest revenue share in the global video analytics market over the forecast period. This can be attributed to these software offering wide range of features and customization according to the requirements of clients. Moreover, video analytics software helps in detecting a wide range of vehicles, static objects, and events encompassing people and analyzing videos from multiple sources.
By Deployment: The cloud segment among the deployment segments is expected to continue its dominance over the forecast period. This can be attributed to increasing adoption of cloud deployments. In addition, cloud-based solutions support any number of cameras and are highly scalable.
Global Video Analytics Market Regional Analysis:
Among the regional markets, North America accounts for highest revenue share in the global video analytics market and this trend is expected to continue over the forecast period. This growth can be attributed to presence of key players in the market in the region. The largest consumer of video analytics in the world is the US. Asia Pacific is projected to contribute second-highest revenue share in the global video analytics market over the forecast period.
Global Video Analytics Market Segmentation:
- Crowd Management
- Facial Recognition
- Intrusion Detection
- License Plate Recognition
- Motion Detection
- Critical Infrastructure
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Axis Communications AB
- Agent Video Intelligence Ltd.
- Honeywell International Inc.
- IBM Corporation
- Cisco Systems Inc.
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