Video Analytics Market Size, Growth & Analysis, CAGR of 23.3%, By Region, Forecasts To 2027 | Cisco Systems Inc., Axis Communications, Genetec Inc, etc.

Research Reports

Jan 29, 2021

The increase in difficulty of manual video analysis due to the growth in population is propelling the market growth.

Market Size – USD 3.55 Billion in 2018, Market Growth – CAGR of 23.3%, Market Trends – The advent of cheap video surveillance equipment.

The Global Video Analytics Market is forecast to reach USD 19.04 Billion by 2026, according to a new report by Reports and Data. Video analytics is a computerized procedure and automatic analysis of the video content generated, collected, or monitored during video inspection. A large volume of video data is generated through video monitoring in city surveillance, industries, and through social media and sites, and it also demands lots of space for storage. Video analytics automates video surveillance procedure by delivering high-end advantages to users with reduced cost and competent service delivery.

The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the Video Analytics industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.

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Some of the players profiled in the report are International Business Machines Corporation, Cisco Systems Inc., Axis Communications, Genetec Inc., Agent Video Intelligence Ltd, Honeywell International Inc., Aventura Technologies Inc., Qognify, Avigilon Corporation, and Puretech Systems Inc., among others.

The Global Video Analytics Market is segmented as follows:

By Deployment Type (Revenue, USD Billion; 2017-2027)

On-Premise
Cloud-Based

By Application Type (Revenue, USD Billion; 2017-2027)

Traffic Monitoring
Intrusion Management
Crowd Monitoring
Automatic Number Plate Recognition
Others

By End-Users (Revenue, USD Billion; 2017-2027)

BFSI
Transportation
Retail
Defense and Government
Travel and Hospitality
Others

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Further key findings from the report suggest

Crowd monitoring segment is set to experience the highest CAGR of 23.8% during the forecast period. Crowd monitoring is very important because of the surveillance of crowds in the highly populated regions. Newer technologies help in the segregation of people and help in locating criminals.
On-Premise solutions segment held a market share of 53.8% in the year 2018. On-premise solutions were the only available resort for video analytics owing to the high costs for cloud solutions. Hardware solutions posed as the cheaper alternative for surveillance and hence was adopted in services.
BFSI segment is expected to experience the highest CAGR of 25.0% during the forecast period. Banking and Finance required the highest security protocols to be implemented in order to prevent breach in security.
Asia Pacific is estimated to experience the highest CAGR of 24.3% during the forecast period. Countries like China and India are rapidly catching up with the growth in the video surveillance market. YITU Technology, which supplies Dragonfly Eye System, a facial scanning platform, is growing the influence of video analytics in China.

Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Point Summary of the Report:

The global Video Analytics market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.

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Key Coverage of the Video Analytics Market:

Insightful information regarding the global Video Analytics market
Identification of growth in various segments and sub-segments of the Video Analytics market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision-making process through the availability of the drivers and limitations

To summarize everything stated above, the report offers key insights into the Video Analytics market to allow the reader to gain a complete understanding of the Global Video Analytics Market through accurate estimations, a panoramic view of the market scenario, competitive landscape, factors influencing the growth of the market, driving factors, restraints, regulatory framework, growth prospects and opportunities, and factors propelling the market forward. The research study offers an in-depth view of the industry to offer a competitive edge to the reader and help them in formulating beneficial investment plans. The report provides a comprehensive overview of the market with facts relating to the past, present, and future of the Global Video Analytics Market.

Global Video Analytics Market: Table of Contents

Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Video Analytics Market Segmentation & Impact Analysis

Continued……….

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