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Global Video Analytics Market Expected to Reach Market Value of USD 19.10 Billion by 2026

The ‘Video Analytics Market’ research report provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.

Global Video Analytics Market is valued at USD 4.88 Billion in 2019 and expected to reach USD 19.10 Billion by 2026 with the CAGR of 21.50% over the forecast period.

Increasing demand for IP-based security systems and the rising acceptance of cloud based services and IoT are expected to boost growth of video analytics market over forecast period.

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Video analytics is an automatic analysis and computerized process of video content generated, collected, or monitored during video surveillance. The Video data is produced through video surveillance and social media and sites.  Hence, the Video analytics software helps to review the increasing period of surveillance video that a system manager or security guard may not be able to take out time for efficient observation and interpretation of crucial activities. Video surveillance system is useful to capture and watch the footage and undergo visual analysis for better interpretation. Making use of video analytics makes the surveillance system more efficient, and helps in reducing the workload of the management staff and security and helps to capture the full value of security surveillance video by a smart transforming IP camera system. Also known as intelligent video surveillance (IVS), video analytics software is used to analyze video feeds and alert security personnel when needed. The advanced video analytics network camera software is able to deeply analyze video feeds, to a degree impossible for human eyes. The software looks not just at an entire image but breaks the image down pixel by pixel. Even the smallest changes in the image can be picked up by the software. Many versions of video analytics network camera software are also capable of object recognition. They can be programmed to distinguish certain objects from each other. The system can also be connected to third party hardware, such as say doors or lights, for a multitude of functions.

Global Video Analytics Market report is segmented on the basis of type, application and by regional & country level. Based on product type, global video analytics market is classified as the Software and Services .Based upon application, global video analytics market is classified into BFSI, City Surveillance, Critical Infrastructure, Education, Hospitality and Entertainment, Manufacturing, Defense and Border Security, Retail and Consumer Goods and Traffic Management.

The regions covered in this video analytics market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of clinical decision support system is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Video Analytics Companies-

Some major key players for Global Video Analytics Market are,

Kiwisecurity

Iomniscient

Delopt

Honeywell

Gorilla Technology

llgovision

Intellivision

Agent VI

Intuvision

Axis Communications

Aventura

IBM

Genetec

Briefcam

Puretech Systems

Cisco Systems

I2V

Viseum

Qognify

Intelligent Security Systems

Verint

Digital Barriers

Global Video Analytics Market Dynamics

The rapidly increasing application of video analytics to reduce crime rates through alerts about unusual and suspicious activities is a major factor driving growth of market. IOT devices will grow from 75 billion to more than 100 billion. Hence, the increasing penetration of Internet of Things (IoT) and related technologies, such as big data and server less architecture, the demand for video analytics solutions and services among enterprises is expected to growth of the market. The demand for video analytics services has been increasing due to various additional features including enhanced reliability, improved accuracy, and cost-effectiveness. This advanced technology of video analytics can perform a number of useful functions. One of these is motion detection, which can be set to various levels of sensitivity. Many versions of video analytics network camera software are also capable of object recognition. The technological proliferation in the BFSI and education (e-learning) industries has encouraged the implementation of video analytics solutions. The transportation industry is also witnessing increasing deployments for license-plate recognition, vehicle counting, speeding detection, and congestion detection, among others. The growing government and stakeholder funding for developing smart cities and employing city surveillance solutions, rising demand for VSaaS services, ongoing technological advancements in Big Data, IoT, and cloud-based services and increasing trends of artificial intelligence and deep learning for video analytics systems will provide opportunities to the video analytics market. 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 Regional Analysis –

North America accounts for highest revenue share in the global video analytics market and this development is expected to continue over the forecast period. The largest consumer of video analytics in the world is the US.  Rapid technological development in the country is supported by strong economic growth. Moreover, organizations have been refocusing operations on security and safety by incorporating analytics. North America is a matured market in terms of technology adoption, due to various factors, such as standards regulation, advanced IT infrastructure, presence of many enterprises, and the availability of proficient technical expertise. According to Bureau of Economic Analysis, U.S companies exported 4.4 billion worth of cloud computing services to Canada. Hence, the shift has been observed from conventional on-premise deployment of video analytics to cloud deployment owing to changing requirements of customers. According to the IDC public cloud infrastructure will increase by 45 %. The Asia Pacific is projected to contribute second-highest share in the global video analytics market over the forecast period. The consumer technology organization spending on smart cities worldwide is expected to reach 34.35 billion by 2020. Emerging economies have been investing in intelligent security surveillance systems to ensure safety of their citizens. There are about 350 million surveillance cameras worldwide as about 65% of these cameras are installed in Asia. Here, the growing implementation of industry solutions, mainly in China, Japan, and India, coupled with increasing adoption of cloud-based technologies is expected to be driving the market.

Key Benefits for Global Video Analytics Market Reports–

Global Video Analytics Market report covers in depth historical and forecast analysis.

Global Video Analytics Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global Video Analytics Market report helps to identify opportunities in market place.

Global Video Analytics Market report covers extensive analysis of emerging trends and competitive landscape.

Global Video Analytics Market Segmentation –

By Type: Software, Services

By Application: BFSI, City Surveillance, Critical Infrastructure, Education, Hospitality and Entertainment, Manufacturing, Defense and Border Security, Retail and Consumer Goods, Traffic Management

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

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