According to the latest report of the IMARC group, entitled “Video Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027the global video analytics market reached a value of US$5.2 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$15.1 billion in 2021. by 2027, posting a CAGR of 20.3% over the period 2022-2027. Video analytics refers to a computerized solution typically used by several businesses to obtain quantifiable data from recorded or live video content. It uses an algorithm to perform a security-related function through a digital video signal, detects and extracts objects in the video, and classifies each object to enable intelligent video analysis. It provides enhanced security functionality to critical infrastructure while automating access control, minimizing staffing requirements, and collecting customer behavior data. The deployment of video analytics solutions to effectively manage traffic flow and detect fraudulent activity has increased dramatically.
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Video Analytics Market Trends and Drivers:
The global market is majorly driven by the growing need for an improved security and surveillance system in several industries owing to the rise in cyber attacks and security breaches. Also, growing investments in deploying advanced video analytics systems to analyze visual data and detect post- and real-time events are giving a boost to the market. Along with this, continuous technological advancements and the integration of artificial intelligence with video analytics solutions to help increase the accuracy of analytics results are having a favorable impact on the market.
Growing adoption of CCTV systems and connected devices owing to the development of smart cities is expected to further drive the market. Other factors including rapid urbanization, continuous improvement of information technology (IT) infrastructure and extensive research and development (R&D) activities by key players are also positively influencing growth. of the market.
Competitive Analysis and Segmentation of the Video Analytics Market 2022-2027:
Competitive landscape with key players:
The competitive landscape of the Video Analytics Market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these key players include:
- Agent Video Intelligence Ltd.
- AllGoVision Technologies Pvt. ltd.
- Aventura Technologies Inc.
- Avigilon Corporation (Motorola Solutions)
- Axis Communications AB (Canon Inc.)
- Cisco Systems Inc.
- Gorilla Technology Inc. (Gorilla Science & Technology Holding, Inc.)
- Honeywell International Inc.
- IntelliVision Technologies Corp. (Nortek Security & Control LLC)
- Intelligent Security Systems Company
- KiwiSecurity Software GmbH
- PureTech Systems Inc. (FLIR Systems)
- Qognify Inc.
- Verint Systems Inc.
Key Market Segmentation:
The report has segmented the global video analytics market on the basis of component, deployment type, application, architecture type, organization size, end-user, and region. .
Breakdown by component:
Breakdown by type of deployment:
Breakdown by application:
- Incident detection
- Intrusion management
- People/crowd counting
- Traffic monitoring
- Automatic license plate recognition
- facial recognition
Breakdown by type of architecture:
Breakdown by organization size:
- Small and medium-sized enterprise
- Big business
Breakdown by end user:
- Critical infrastructure
- traffic management
- Transportation? and Logistics
- Hospitality and entertainment?
- Defense and Security
Breakdown by region:
- North America (USA, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (Egypt, United Arab Emirates, Saudi Arabia, Turkey, Qatar, Iran, Others)
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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