This Video Analytics Market Analysis & Forecast provides a deep-dive into the specific market for Video Analytics. The report details the market's current size, historical growth, and future projections, while also analyzing the key factors influencing demand and supply. It offers a specialized view of the competitive environment, including an assessment of major manufacturers, their product portfolios, and their market strategies.
The report examines the entire value chain, from raw materials to distribution, and assesses the impact of emerging technologies and shifting consumer preferences on market evolution. By providing detailed insights into product innovations, application trends, and regional consumption patterns, this analysis enables businesses to pinpoint niche opportunities and develop a compelling competitive advantage.
Data Bridge Market Research analyses that the video analytics market will exhibit a CAGR of 22.05% for the forecast period of 2021-2028. Rising adoption of analytics solutions by the various end user verticals such as telecommunication, retail and consumer goods, manufacturing, government and defense, energy and utilities, transportation and logistics, and others, surging need for intelligent security surveillance systems and increased adoption of internet of things are the major factors attributable to the growth of video analytics market. The video analytics market value will therefore stand tall by USD 35.01 billion by 2028.
Get a comprehensive analysis and future outlook for the Video Analytics. For a granular view of market trends and forecasts, view the complete report now: https://www.databridgemarketresearch.com/reports/global-video-analytics-market
Video analytics analyses the video and detects any specific event, and gathers the data insights. Video analytics incorporates all the analytics tools and solutions that provide advanced security solutions.
Rising awareness about the benefits of video analytics over manual video analysis is creating lucrative growth opportunities for the video analytics market. Rising demand for IP-based security systems by small and medium scale enterprises coupled with surge in volume of unstructured video data will further induce growth in the video analytics market value. Rising adoption of connected devices by medium and small scale enterprises coupled with government initiatives in emerging technologies to enhance public safety infrastructure will also propel growth in the demand for video analytics. Overall growth and expansion of security and surveillance industry will further carve the way for growth of this market.
However, rising privacy and security issues will pose a major challenge to the growth of video analytics market. Also, legacy installations require high investment will further create hindrances for the growth of operational analytics market. Lack of necessary database infrastructure and rise in the number of false alarm alerts will also dampen the market growth rate.
Global Video Analytics Market Scope and Market Size
The video analytics market is segmented on the basis of type, deployment, application, vertical, and organization size. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the video analytics market is segmented into software and services. The services segment is sub-segmented into managed services and professional services. Professional services segment is further bifurcated into consulting services, deployment and integration, and support and maintenance.
- On the basis of deployment model, the video analytics market is segmented into on-premises and cloud.
- On the basis of application, the video analytics market is segmented into incident detection, crowd management, intrusion management, traffic monitoring, automatic number plate recognition, facial recognition, and others.
- On the basis of vertical, the video analytics market is segmented into banking financial services and insurance, city surveillance, critical infrastructure, education, hospitality and entertainment, manufacturing, defense and border security, retail and consumer goods, traffic management, transportation and others.
- On the basis of organization size, the video analytics market is segmented into on-premises and hosted/ on-cloud.
The major players covered in the video analytics market report are Panasonic Corporation, SAMSUNG, Teledyne FLIR LLC, Schneider Electric, Honeywell International Inc., IBM, Qognify, Cisco Systems, Inc., BriefCam., Verint., i2V Systems Pvt. Ltd, KiwiSecurity Software GmbH, DELOPT., Gorilla Technology Group, iOmniscient, Senstar Corporation., Genetec Inc., Agent Video Intelligence Ltd., IntelliVision. and Axis Communications AB. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
What This Report Covers
- Comprehensive market size and growth forecast for Video Analytics.
- Analysis of key market trends and technological innovations.
- Evaluation of the competitive landscape and key player strategies.
- Breakdown of the market by product type and end-user applications.
- Detailed regional analysis highlighting key consumption and production hubs.
- Insights into consumer purchasing behavior and market maturity.
Table of Contents
Executive Summary
Market Overview
Market Dynamics: Drivers, Challenges, and Opportunities
Value Chain Analysis
Market Segmentation Analysis
By Product Type
By Application
By Region
Competitive Landscape
Regional Insights
Future Outlook & Strategic Recommendations
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