Video Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2027

Video Analytics Market was valued at US$ 5.8 Bn. in 2020 and is expected to reach US$ 21.7 Bn. by 2027, at a CAGR of 22.7% during a forecast period.

Video Analytics Market Overview:

Video analytics technology software is used in computers to analyses video footage from cameras, most notably security cameras. Video surveillance analytics are often simple to set up and provide real-time monitoring of activity. The use of video analytics aids in making surveillance systems more efficient by reducing the amount of work required of safety personnel. Video analytics software, in particular, enables services that employees cannot perform as efficiently, such as odd visual perception with high accuracy, car location recognition, and auto-tracking. Video Analytics Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Video Analytics Market Dynamics:

The demand for real-time event detection continues to grow to drive the market. Video analysis software helps provide instant alerts that occur in various business areas to enhance situational awareness. Creating real-time data through video requires professional processing. Video analysis software can help analyze recorded video streams to classify and track behavior patterns and pre-defined objects, thus becoming a key market driver. In addition, the increasing deployment of AI-enabled video analytics solutions contributes to market growth. The deployment of AI-enabled video content analysis solutions is rapidly increasing globally. Government agencies are actively selecting AI-based video systems to monitor track congestion and using the AI Global Surveillance (AIGS) index to monitor smart energy metering to improve video clarity. AI and deep learning are crucial technologies for video content analysis and translating live or recorded films into structured information that can be used to provide measurable insights. Furthermore, increased investments and focus of governing institutions on public safety enabled them to use and analyses unstructured video surveillance data in real-time, resulting in a significant drop in rate due to surveillance cameras, which is expected to positively propel the growth of the global video analytics market. Video Analytics Market 1 Certain obstacles and restrictions faced will hinder the growth of the overall market. Factors such as increased cyber-attacks and data theft activities are limiting the market growth. In addition, it is expected that the investment in the existing legacy monitoring system to prevent the implantation of new advanced solutions will grow slowly during the forecast period. In addition, the lack of necessary database infrastructure and potential security threats inhibited market growth. Nonetheless, technological advancements such as the integration of artificial intelligence and cloud technology with video analytics, the increasing use of facial recognition across applications, and the surge in demand for video analytics solutions from the non-governmental sector provide favorable growth opportunities.

Video Analytics Market segment analysis:

Based on deployment type, the on-premise segment held the largest market share of xx% in 2020. This approach is commonly used in applications involving the processing of sensitive and confidential data volumes. Internal and external surveillance footage, as well as video feeds of corporate processes including proprietary information and critical insights, are included in these data volumes. Companies must install the necessary hardware components, including the operating system, storage devices, servers, cameras, and routers, as well as video analytics software, for on-premises deployment. Due to privacy and security concerns over personal data, several large enterprises are using on-premises video analytics. Based on verticals, the transport and logistic segment held the largest market share of xx% in 2020. The number of benefits of video analytics to the transportation and logistics vertical is the removal of overcrowding, enhanced security measures, event recording, behavior analysis, and blind-spot detection. Video analysis helps to strengthen and improve this vertical area for commuters while providing higher security benefits. Various functions provided by video analytics, such as facial recognition, object tracking, unknown object detection, cargo and train car recognition, and intelligent traffic monitoring, can help transportation and logistics companies prevent disasters and detect new threats or vehicle collisions that may cause infrastructure damage, Resulting in the loss of life. Video Analytics Market 2

Video Analytics Market Regional Insight:

North America held the largest market share of xx% in 2020. The United States is the world's largest consumer of video analytics at the moment. The country's rapid technological advancement is backed up by significant economic growth. Furthermore, by adopting analytics, firms have refocused operations on security and safety. Due to changing client needs, there has been a movement from traditional on-premise video analytics implementation to cloud deployment. The Asia Pacific emerged as the second-largest market in terms of revenue share, owing to significant economic growth in countries such as India, China, and Indonesia. To safeguard the safety of their inhabitants, these economies have invested in advanced security surveillance systems. The market is likely to be driven by increased deployment of industry solutions, particularly in China, Japan, and India, as well as increased acceptance of cloud-based technologies.

Recent Developments:

• Cisco announced the acquisition of Kenna Security in June 2021 to address security posture concerns such as automating cybersecurity threat prediction, identification, prioritisation, and remediation. • Avigilon announced the release of an artificial intelligence network video recorder in February 2021, combining traditional Avigilon NVR capabilities with the capabilities of the Avigilon AI appliance to provide organisations with a solution to meet analytics, storage, and cybersecurity requirements. The solution is linked to Avigilon cloud services, allowing for simple software upgrades and application downloads. The objective of the report is to present a comprehensive analysis of the Video Analytics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Video Analytics market dynamics, structure by analyzing the market segments and projects the Video Analytics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Video Analytics market make the report investor’s guide.

Video Analytics Market Scope: Inquire before buying

Video Analytics Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 5.8 Bn.
Forecast Period 2021 to 2027 CAGR: 22.7 % Market Size in 2027: US $ 21.7 Bn.
Segments Covered: by Deployment • Cloud • On-Premise
by Component • Software • Services
by Application • Facial Recognition & Detection • Incident Detection • Perimeter Intrusion Detection • Crowd Detection & Management • Traffic & Parking Management • Others
by Verticals • Transportation/logistic • BFSI • Retail • Government • Manufacturing • Others

Video Analytics Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Video Analytics Market Key Players

• Avigilon • Axis Communications • Cisco • Honeywell • Agent Vi • Allgovision • Aventura Systems • Genetec • Intellivision • Intuvision • Puretech Systems • Hikvision • Dahua • Iomniscient • Huawei • Gorilla Technology • Intelligent Security Systems • Verint • Viseum • NEC • Briefcam • Bosch Security • i2V • Digital Barrier

Frequently Asked Questions:

1. Which region has the largest share in Video Analytics Market? Ans: North America region holds the highest share in 2020. 2. What is the growth rate of Video Analytics Market? Ans: The Video Analytics Market is growing at a CAGR of 22.7 % during forecasting period 2021-2027. 3. What segments are covered in Video Analytics market? Ans: Video Analytics Market is segmented into deployment, component, application, verticals and region. 4. Who are the key players in Video Analytics market? Ans: The important key players in the Video Analytics Market are – Avigilon, Axis Communications, Cisco, Honeywell, Agent Vi, Allgovision, Aventura Systems, Genetec, Intellivision, Intuvision, Puretech Systems, Hikvision, Dahua, Iomniscient. 5. What is the study period of this market? Ans: The Video Analytics Market is studied from 2020 to 2027.
1. Global Video Analytics Market: Research Methodology 2. Global Video Analytics Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Video Analytics Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Video Analytics Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Video Analytics Market Segmentation 4.1. Global Video Analytics Market, by Component (2020-2027) • Services • Software 4.2. Global Video Analytics Market, by Deployment Mode (2020-2027) • Cloud • On-premises 4.3. Global Video Analytics Market, by Application (2020-2027) • Facial Recognition & Detection • Incident Detection • Perimeter Intrusion Detection • Crowd Detection & Management • Traffic & Parking Management • Others 4.4. Global Video Analytics Market, by Verticals (2020-2027) • Transportation/logistic • BFSI • Retail • Government • Manufacturing • Others 5. North America Video Analytics Market(2020-2027) 5.1. North America Video Analytics Market, by Component (2020-2027) • Services • Software 5.2. North America Video Analytics Market, by Deployment Mode (2020-2027) • Cloud • On-premises 5.3. North America Video Analytics Market, by Application (2020-2027) • Facial Recognition & Detection • Incident Detection • Perimeter Intrusion Detection • Crowd Detection & Management • Traffic & Parking Management • Others 5.4. North America Video Analytics Market, by Verticals (2020-2027) • Transportation/logistic • BFSI • Retail • Government • Manufacturing • Others 5.5. North America Video Analytics Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Video Analytics Market (2020-2027) 6.1. European Video Analytics Market, by Component (2020-2027) 6.2. European Video Analytics Market, by Deployment Mode (2020-2027) 6.3. European Video Analytics Market, by Application (2020-2027) 6.4. European Video Analytics Market, by Verticals(2020-2027) 6.5. European Video Analytics Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Video Analytics Market (2020-2027) 7.1. Asia Pacific Video Analytics Market, by Component (2020-2027) 7.2. Asia Pacific Video Analytics Market, by Deployment Mode (2020-2027) 7.3. Asia Pacific Video Analytics Market, by Application (2020-2027) 7.4. Asia Pacific Video Analytics Market, by Verticals(2020-2027) 7.5. Asia Pacific Video Analytics Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Video Analytics Market (2020-2027) 8.1. Middle East and Africa Video Analytics Market, by Component (2020-2027) 8.2. Middle East and Africa Video Analytics Market, by Deployment Mode (2020-2027) 8.3. Middle East and Africa Video Analytics Market, by Application (2020-2027) 8.4. Middle East and Africa Video Analytics Market, by Verticals(2020-2027) 8.5. Middle East and Africa Video Analytics Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Video Analytics Market (2020-2027) 9.1. Latin America Video Analytics Market, by Component (2020-2027) 9.2. Latin America Video Analytics Market, by Deployment Mode (2020-2027) 9.3. Latin America Video Analytics Market, by Application (2020-2027) 9.4. Latin America Video Analytics Market, by Verticals(2020-2027) 9.5. Latin America Video Analytics Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Avigilon 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. Axis Communications 10.3. Cisco 10.4. Honeywell 10.5. Agent Vi 10.6. Allgovision 10.7. Aventura Systems 10.8. Genetec 10.9. Intellivision 10.10. Intuvision 10.11. Puretech Systems 10.12. Hikvision 10.13. Dahua 10.14. Iomniscient 10.15. Huawei 10.16. Gorilla Technology 10.17. Intelligent Security Systems 10.18. Verint 10.19. Viseum 10.20. NEC 10.21. Briefcam 10.22. Bosch Security 10.23. i2V 10.24. Digital Barrier

About This Report

Report ID 6466
Category Information Technology & Telecommunication
Published Date Nov 2019
Updated Date Dec 2021
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