Video Analytics Market: was valued at US$ 7.79 Bn. in 2022 and is expected to reach US$ 32.62 Bn. by 2029, at a CAGR of 22.7% during a forecast period.
Video Analytics Market Overview:
Maximize Market Research’s new report, Global Video Analytics Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Video Analytics market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Video Analytics market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Video Analytics market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
Video Analytics Market, by Component (2022-2029)
• Services
• Software
Video Analytics Market, by Deployment Mode (2022-2029)
• Cloud
• On-premises
In 2022, the on-premise sector had the highest market share of % according to deployment type. This method is frequently employed in applications that process large volumes of private and sensitive data. These data volumes include footage from internal and external surveillance systems as well as video feeds of corporate operations that contain confidential information and essential insights. For on-premises deployment, businesses must install all required gear, such as the operating system, storage devices, servers, cameras, and routers, as well as video analytics software. Several large businesses use on-premises video analytics due to privacy and security worries over personal data.
Video Analytics Market, by Application (2022-2029)
• Facial Recognition & Detection
• Incident Detection
• Perimeter Intrusion Detection
• Crowd Detection & Management
• Traffic & Parking Management
• Others
Video Analytics Market, by Verticals (2022-2029)
• Transportation/logistic
• BFSI
• Retail
• Government
• Manufacturing
• Others
Based on verticals, the transport and logistic segment held the largest market share of % in 2022. 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.
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Key Players:
It then discusses the top competitors in the worldwide Video Analytics market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. Avigilon
2. Axis Communications
3. Cisco
4. Honeywell
5. Agent Vi
6. Allgovision
7. Aventura Systems
8. Genetec
9. Intellivision
10. Intuvision
11. Puretech Systems
12. Hikvision
13. Dahua
14. Iomniscient
15. Huawei
16. Gorilla Technology
17. Intelligent Security Systems
18. Verint
19. Viseum
20. NEC
21. Briefcam
22. Bosch Security
23. i2V
24. Digital Barrier
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Regional Analysis:
The report has analyzed the global Video Analytics market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Video Analytics market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Video Analytics Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Video Analytics Market Report are:
- Which are the major companies in the Video Analytics market?
- Which is the potential market for Video Analytics in terms of the region?
- Which application area of Video Analytics is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Video Analytics market size by 2027?
- What are the growth prospects for the Video Analytics market?
- What is the base year considered in the Video Analytics market report?
- Which region holds the largest market share in the Video Analytics market?
- What factors are anticipated to drive the Video Analytics market?